Social dating unit


03-Jul-2017 18:41

In 2016, we have primarily relied on converting existing Momo users onto the live streaming service.In December 2016, the service covered around 23 percent of the daily active users for the main application.For now, it has focused on its own user base, but there are grander plans to expand the platform’s reach.“We believe we are still early in the monetization process and have many opportunities to drive further growth year…That jump is rebounding to the kind of numbers it recorded in early 2015 when the service reached peak popularity.

The rest of the company’s annual revenue was primarily derived from membership fees on the dating side of its business, gifting on its social network and marketing and gaming income.

Value-added service revenues from their social network, which totaled .1 million in Q4 2016, mainly consisted of membership subscription revenues and virtual gift revenues.



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