Momo's Q3 Results: Revenue Down 15%, Net Income Down 50% - Online Personals Watch: News on the Online Dating Industry and Business

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Momo's Q3 Results: Revenue Down 15%, Net Income Down 50%

Momo logo 2018PR NEWSWIRE - Dec 1 - Q3 net revenues decreased by 15.4% YOY to RMB3,767M ($555M). Net income attributable to Momo decreased ~50% to RMB457M ($67M). Monthly Active Users on Momo apps were 113.6M in September 2020, compared to 114.1M in September 2019. Total paying users of live video service and value-added service, including 4.1M paying users of Tantan, were 13M, compared to 13.4M last year's Q3, which included 4.5M paying users of Tantan. Live video service revenues were $350M, down 27% YOY.

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Dec 01, 2020 |

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