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Momo Announces Unaudited Financial Results for the Third Quarter 2017

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BEIJING, Nov. 28, 2017 /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 third quarter 2017.

Third Quarter 2017 Highlights

Net revenues increased 126% year over year to $354.5 million. Net income attributable to Momo Inc. increased to $79.1 million in the third quarter of 2017 from $39.0 million in the same period last year. Non-GAAP net income attributable to Momo Inc. (note 1) increased 89% to $93.8 million in the third quarter of 2017 from $49.5 million in the same period last year. Diluted net income per American Depositary Share (“ADS”) was $0.38, compared to $0.19 in the same period last year. Non-GAAP diluted net income per ADS (note 1) was $0.45, compared to $0.24 in the same period last year. Monthly Active Users (“MAU”)[1] were 94.4 million in September 2017, compared to 77.4 million in September 2016.

First Nine Months 2017 Highlights

Net revenues increased 204% year over year to $931.9 million for the first nine months of 2017. Net income attributable to Momo Inc. was $221.1 million for the first nine months of 2017, compared with $61.5 million during the same period of 2016. Non-GAAP net income attributable to Momo Inc. (note 1) was $258.2 million for the first nine months of 2017, compared with $85.4 million during the same period of 2016. Diluted net income per ADS was $1.07 for the first nine months of 2017, compared with $0.30 during the same period of 2016. Non-GAAP diluted net income per ADS (note 1) was $1.24 for the first nine months of 2017, compared with $0.42 during the same period of 2016.

“We’ve had a good quarter with strong financial performance and progresses in other operational areas”, commented Yan Tang, Chairman and CEO of Momo. “Momo 8.0 allows us to further diversify the social and entertainment offerings on the platform. We are confident that Momo will continue to drive user growth through product innovations, use case expansions as well as a more result driven marketing plan. “

[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

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