Content platform company Qutoutiao saw explosive growth in monthly active users and net revenues and a sharp increase in net losses for the fourth quarter and full year 2018, according to earnings results released Tuesday.

Combined MAUs nearly tripled to 93.8 million and combined daily active users (DAUs) more than doubled to 30.9 million for its two platforms, content aggregator Qutoutiao and mobile literature app Midu, in the fourth quarter of 2018 compared with the same period in 2017. Midu comprised around 5 million DAUs in December.

Average daily time spent per DAU in the fourth quarter also increased more than 96% year-on-year to 63 minutes across the two platforms. The metric is the average of Qutoutiao and Midu users.

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Tony Xu

Tony Xu is Shanghai-based tech reporter. Connect with him via e-mail: tony.xu@technode.com