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Tuesday, March 12, 2019

=Momo (MOMO) reported earnings on Tue 12 March 19 (b/o)

Momo beats by $0.07, beats on revs; guides Q1 revs above consensus
  • Reports Q4 (Dec) earnings of $0.59 per share, $0.07 better than the S&P Capital IQ Consensus of $0.52; revenues rose 44.7% year/year to $559.1 mln vs the $536.45 mln S&P Capital IQ Consensus.
  • Monthly Active Users on Momo application were 113.3 million in December 2018, compared to 99.1 million in December 2017. Total paying users of our live video service and value-added service, without double counting the overlap, including 3.9 million paying users of Tantan Limited, were 13.0 million for the fourth quarter of 2018, compared to 7.8 million for the fourth quarter of 2017.
  • Co issues upside guidance for Q1, sees Q1 revs of RMB 3.55-3.65 bln vs. $3.44 bln S&P Capital IQ Consensus.

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