MOMO - Nov 28 - Net revenues increased 126% YOY to $354.5M. Net income increased to $79.1M in Q3 of 2017 from $39M in the same period last year. Monthly Active Users were 94M in Sep 2017, compared to 77M in Sep 2016. Live video service continued its momentum and generated revenues of $301M. The rapid growth in live video revenues was contributed by the increase in the quarterly paying users, which was 4.1M, as well as, the increase in the average revenues per paying user per quarter.
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Summarized by the Courtland Brooks team
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