The number of monthly active users (“MAU”) on Momo was 78.1 million in March 2015, an increase of 83% YoY according to its press release.
Momo’s net revenues increased 383% YoY to $26.3 million, 49.4% of which ($13 million) were membership subscription revenues. Momo members reached 3.1 million as of March 31, 2015, up from 1.3 million as of March 31, 2014.
Mobile games revenues were $6.1 million in Q1 2015 (23.2% of total revenues), an increase of 212% from $2.0 million in Q1 2014. The growing number of active game players on Momo’s platform reached 6.2 million during Q1 2015.
Momo’s mobile marketing revenues were $6.0 million in Q1 2015. The growth was powered by its strategic co-operations with Alibaba and 58.com, and to a lesser degree, the increase in revenues from Momo’s proprietary marketing services.
Momo’s net revenues increased over 13 times YoY to $44.8 million in 2014 who applied to list their American depositary shares on the NASDAQ Global Market under the symbol “MOMO.”
Momo platform includes Momo mobile application and a variety of related features, functionalities, tools and services that are provided to users, customers and platform partners. Read more here.