TOKYO: Japan's Line Corp said its number of monthly active users fell from the previous quarter, its first such decline, underscoring the messaging app operator's struggles to grow outside its home country since last year's high-profile IPO.
While Line's messaging app, known for electronic stickers of a brown bear and his rabbit girlfriend, is popular in Japan, Taiwan, Thailand and Indonesia, the company has lost out to rival apps in many other countries. More than two-thirds of revenue continues to come from the domestic market.