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Momo’s mobile gaming unit has been growing quickly thanks to several big titles like hard-core game Momo Craft and Momo Fight the Landlord.

Momo doubled down on this in 2016 as it retreated from a previous joint venture on game publishing in favor of in-house development.

Momo is certainly not aiming to become a live-streaming company even though that side of its business now represents nearly 80 percent of its revenue.

Rather, the company has evolved from a simple location-based feature that helps people discover new relationships to take on different kinds of entertainment.

For now, it has focused on its own user base, but there are grander plans to expand the platform’s reach.Like many other social networking services in China, live streaming was the significant boost for its business, generating 4.8 million revenue during Q4 alone.Since it was added to the Momo service in Q3 2015, live streaming has taken an increasingly larger share of Momo’s revenue stream, to the point that it is now dominant today.The firm’s revenue recorded a significant 524 percent year-on-year jump to 6.1 million in Q4 last year, while its annual revenue soared 313 percent to reach 3.1 million.Momo reported a non-GAAP earning per share of [[

For now, it has focused on its own user base, but there are grander plans to expand the platform’s reach.

Like many other social networking services in China, live streaming was the significant boost for its business, generating $194.8 million revenue during Q4 alone.

Since it was added to the Momo service in Q3 2015, live streaming has taken an increasingly larger share of Momo’s revenue stream, to the point that it is now dominant today.

The firm’s revenue recorded a significant 524 percent year-on-year jump to $246.1 million in Q4 last year, while its annual revenue soared 313 percent to reach $553.1 million.

Momo reported a non-GAAP earning per share of $0.44 in Q4 and $0.87 for the financial year.

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For now, it has focused on its own user base, but there are grander plans to expand the platform’s reach.Like many other social networking services in China, live streaming was the significant boost for its business, generating $194.8 million revenue during Q4 alone.Since it was added to the Momo service in Q3 2015, live streaming has taken an increasingly larger share of Momo’s revenue stream, to the point that it is now dominant today.The firm’s revenue recorded a significant 524 percent year-on-year jump to $246.1 million in Q4 last year, while its annual revenue soared 313 percent to reach $553.1 million.Momo reported a non-GAAP earning per share of $0.44 in Q4 and $0.87 for the financial year.

]].44 in Q4 and [[

For now, it has focused on its own user base, but there are grander plans to expand the platform’s reach.

Like many other social networking services in China, live streaming was the significant boost for its business, generating $194.8 million revenue during Q4 alone.

Since it was added to the Momo service in Q3 2015, live streaming has taken an increasingly larger share of Momo’s revenue stream, to the point that it is now dominant today.

The firm’s revenue recorded a significant 524 percent year-on-year jump to $246.1 million in Q4 last year, while its annual revenue soared 313 percent to reach $553.1 million.

Momo reported a non-GAAP earning per share of $0.44 in Q4 and $0.87 for the financial year.

||

For now, it has focused on its own user base, but there are grander plans to expand the platform’s reach.Like many other social networking services in China, live streaming was the significant boost for its business, generating $194.8 million revenue during Q4 alone.Since it was added to the Momo service in Q3 2015, live streaming has taken an increasingly larger share of Momo’s revenue stream, to the point that it is now dominant today.The firm’s revenue recorded a significant 524 percent year-on-year jump to $246.1 million in Q4 last year, while its annual revenue soared 313 percent to reach $553.1 million.Momo reported a non-GAAP earning per share of $0.44 in Q4 and $0.87 for the financial year.

]].87 for the financial year.

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The rest of the company’s annual revenue was primarily derived from membership fees on the dating side of its business, gifting on its social network and marketing and gaming income.

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