Monthly active users of Momo in China 2012-2019
As of June 2019, Chinese social app Momo had a monthly active user base of over 113 million people, more than a double in the past five years.
Momo Inc.
Launched in July 2011, Momo is a free location-based mobile social networking, dating, instant messaging and entertainment application, sometimes labeled as China’s version of the dating app Tinder. The company filed for a NASQAD IPO in 2014 and raised 216 million U.S. dollars through the public offer. In 2018, Momo Inc. reported an annual net revenue of 13.4 billion U.S. dollars and a net income of almost 2.8 billion U.S. dollars. Video sharing and live streaming is Momo’s biggest revenue source and one of the most popular app features among its younger users.
Momo’s future prospects
Momo’s positive financial results and steady growth of monthly active users indicate that the app is one of the most popular social networking and entertainment platforms in China. In March 2018, the company acquired China’s largest dating app Tantan and further improved its long-term growth prospects. Furthermore, the increasing popularity of online dating and matchmaking as well as the growing live video broadcasting trend will likely continue to expand Momo’s business in China.
Momo Inc.
Launched in July 2011, Momo is a free location-based mobile social networking, dating, instant messaging and entertainment application, sometimes labeled as China’s version of the dating app Tinder. The company filed for a NASQAD IPO in 2014 and raised 216 million U.S. dollars through the public offer. In 2018, Momo Inc. reported an annual net revenue of 13.4 billion U.S. dollars and a net income of almost 2.8 billion U.S. dollars. Video sharing and live streaming is Momo’s biggest revenue source and one of the most popular app features among its younger users.
Momo’s future prospects
Momo’s positive financial results and steady growth of monthly active users indicate that the app is one of the most popular social networking and entertainment platforms in China. In March 2018, the company acquired China’s largest dating app Tantan and further improved its long-term growth prospects. Furthermore, the increasing popularity of online dating and matchmaking as well as the growing live video broadcasting trend will likely continue to expand Momo’s business in China.
