China’s leading location-based social networking app, Momo, has pulled off a rare feat. The company tripled their annual revenue despite monthly active accounts and paying subscribers plunging in the second half of 2015.

Premium subscription revenues almost doubled, mobile gaming sales grew 180% year-over-year, and mobile marketing rocketed.

It’s also the first time the company turned an annual profit from operations since it began generating revenue in the second half of 2013.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com