四季度财报出来了。MAU 9910万人,环比增加500万人。// $陌陌(MOMO)$ March 07, 2018

BEIJING, March 7, 2018 /PRNewswire/ -- Momo Inc. (NASDAQ: MOMO) ("Momo" or the "Company"), a leading mobile social networking platform in China, today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2017.

Fourth Quarter 2017 Highlights

Net revenues increased 57% year over year to $386.4 million.
Net income attributable to Momo Inc. increased to $97.5 million in the fourth quarter of 2017 from $83.8 million in the same period last year.
Non-GAAP net income attributable to Momo Inc. (note 1) increased 20% to $110.0 million in the fourth quarter of 2017 from $91.5 million in the same period last year.
Diluted net income per American Depositary Share ("ADS") was $0.47, compared to $0.41 in the same period last year.
Non-GAAP diluted net income per ADS (note 1) was $0.53, compared to $0.44 in the same period last year.
Monthly Active Users ("MAU")[1] were 99.1 million in December 2017, compared to 81.1 million in December 2016
Full Year 2017 Highlights

Net revenues increased 138% year over year to $1,318.3 million for the full year of 2017.
Net income attributable to Momo Inc. was $318.6 million for the full year of 2017, compared with $145.3 million in 2016.
Non-GAAP net income attributable to Momo Inc. (note 1) was $368.2 million for the full year of 2017, compared with $177.0 million in 2016.
Diluted net income per ADS was $1.53 for the full year of 2017, compared with $0.71 in 2016.
Non-GAAP diluted net income per ADS (note 1) was $1.77 for the full year of 2017, compared with $0.87 in 2016.
"We had a good fourth quarter, capping off a remarkable year. I am happy to see the initiatives that we took in prior quarters started to bear early fruits." Commented Yan Tang, Chairman and CEO of Momo. "Net addition in MAU reaccelerated in the quarter with improving user retention and engagement. Such reacceleration shows the effectiveness of our product and content strategy as well as the improvement in the top of the funnel efficiency driven by our new marketing system. In addition, due to the initiatives that we have been taking since the fourth quarter, the content ecosystem around the live streaming service is seeing substantial development as we entered into the new year, providing a solid foundation for us to continue to drive content improvement and business growth for live streaming business going forward."

[1]MAU during a given calendar month is defined as Momo users who accessed the Momo platform through Momo mobile application and utilized any of the functions on the Momo platform for at least one day during the 30-day period counting back from the last day of such calendar month. The active users on Hani, the Company's stand-alone live video application, were not included in the MAU disclosed herein.
Fourth Quarter 2017 Financial Results

Net revenues

Total net revenues were $386.4 million in the fourth quarter of 2017, an increase of 57% from $246.1 million in the fourth quarter of 2016.

Live video service revenues continued its momentum and generated revenues of $328.0 million in the fourth quarter of 2017. The rapid growth in live video revenues was contributed by the increase in the quarterly paying users, which was 4.3 million for the fourth quarter of 2017, as well as, the increase in the average revenues per paying user per quarter.

Value-added service revenues mainly include membership subscription revenues and virtual gift revenues. The total value-added service revenues were $29.4 million in the fourth quarter of 2017, an increase of 54% from $19.1 million during the same period of 2016. The year over year increase was primarily driven by the increase in the number of paying users, and to a lesser extent, the increase in the average revenues per paying user per quarter with the result that we introduced more and more value-added services to our users to enrich communication experience among users. Total paying users of our value-added service were 5.0 million and 3.7 million as of December 31, 2017 and 2016, respectively.

Mobile marketing revenues were $21.8 million in the fourth quarter of 2017, an increase of 11% from $19.7 million during the same period of 2016. The growth in mobile marketing revenues was driven by the increased demand from brand marketers which was partially offset by the decrease of our advertisement inventories in the new version of Momo 8.0.

Mobile games revenues were $6.9 million in the fourth quarter of 2017, a decrease of 39% from $11.3 million in the fourth quarter of 2016. The decrease in game revenues was mainly due to the decrease in the quarterly paying users.

Cost and expenses

Cost and expenses were $293.3 million in the fourth quarter of 2017, an increase of 86% from $157.7 million in the fourth quarter of 2016. The increase was primarily attributable to: (a) an increase in revenue sharing with the broadcasters related to our live video service and virtual gift recipients; (b) an increase in marketing and promotional expenses to enhance our brand awareness, attract users and promote the live video service; (c) an increase in personnel related costs including share-based compensation expenses as a result of the Company's rapidly expanding talent pool; (d) increased infrastructure related spending, such as short messaging service charges, bandwidth costs and server depreciation costs, driven by more functions introduced on Momo's platform.

Non-GAAP cost and expenses (note 1) were $280.8 million in the fourth quarter of 2017, an increase of 87% from $150.0 million during the same period last year.

Income from operations

Income from operations was $107.1 million in the fourth quarter of 2017, compared to $88.4 million during the same period last year.

Non-GAAP income from operations (note 1) was $119.6 million in fourth quarter of 2017, compared to $96.1 million during the same period last year.

Income tax expenses

Income tax expenses were $19.0 million in the fourth quarter of 2017, increased from $3.2 million in the fourth quarter of 2016. The increase was mainly because we generated higher profit in the fourth quarter of 2017 and the tax holiday of one of our major profit generating entities changed from 100% exemption to 50% exemption of income tax.

Net income attributable to Momo Inc.

Net income attributable to Momo Inc. was $97.5 million in the fourth quarter of 2017, compared to $83.8 million during the same period last year.

Non-GAAP net income (note 1) attributable to Momo Inc. was $110.0 million in the fourth quarter of 2017, compared to $91.5 million during the same period last year.

Net income per ADS

Diluted net income per ADS was $0.47 in the fourth quarter of 2017, compared to $0.41 in the fourth quarter of 2016.

Non-GAAP diluted net income per ADS (note 1) was $0.53 in the fourth quarter of 2017, compared to $0.44 in the fourth quarter of 2016.

Cash and cash flow

As of December 31, 2017, Momo's cash, cash equivalents and term deposits totaled $1,059.6 million, compared to $651.3 million as of December 31, 2016. Net cash provided by operating activities in the fourth quarter of 2017 was $119.6 million, compared to $107.2 million for the same quarter of 2016.