That’s an impressive comeback considering the company began seeing stagnant active user growth in H2 2015.Momo previously said slowing smartphone sales and a lack of software updates were the reason for the stagnation, but its focus on new business areas — and particularly live streaming — have helped reinvent the company and its app among Chinese users.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.
Momo doubled down on this in 2016 as it retreated from a previous joint venture on game publishing in favor of in-house development.
Away from the financials, Momo’s monthly active users reached 81.1 million as of December 2016 from 69.8 million a year previous.
That jump is rebounding to the kind of numbers it recorded in early 2015 when the service reached peak popularity.
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Momo, China’s top location-based social networking app, has continued its impressive user growth from last year and added solid financial figures to back it up, according to its most recent earnings report.