Momo, China’s top location-based social networking app, has continued last year’s growth feat with the announcement of an outstanding performance for the past year. The company, backed by Alibaba, listed on NASDAQ in December 2014.

The firm’s revenue recorded a significant 524% YOY jump to US$ 246.1 million USD in Q4 last year, while the annual revenue soared 313% YOY to US$ 553.1 million USD. Momo reported a non-GAAP earning per share of 0.44$ in Q4 and 0.87$ for the whole year.

Momo’s monthly active users bounced to 81.1 million in December 2016 from 69.8 million, rebounding to exceed its historical peak from back in early 2015. This is some amazing improvement after the company began seeing stagnant active user growth in H2 2015.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.