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A messaging app brought in $100 million in revenue last quarter

A Japanese instant messaging app called Line brought in a whopping $100 million in revenue last quarter. The company that owns the app has suggested that they will be considering an IPO sometime next year.

The app, which spun out of its parent company NHN earlier this year, said it brought in 9.9 billion yen ($99.9 million) in net sales for the quarter ending in September. Overall revenues, which include the amount that Line has to pay out to the app stores and developers, has more than doubled in the past six months to 15.6 billion yen ($157.6 million).

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Written by Connor Livingston

Connor Livingston is a tech blogger who will be launching his own site soon, Lythyum. He lives in Oceanside, California, and has never surfed in his life. Find him on Twitter, Facebook, and Pinterest.

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