Free Research Report as Momo’s Revenues Soared 64%; Non-GAAP ADS Surged 57%

Stock Monitor: Yext Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 26, 2018 / If you want access to our free earnings report on Momo Inc. (NASDAQ: MOMO), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MOMO. The Company reported its first quarter fiscal 2018 operating and financial results on May 29, 2018. The mobile-based social networking platform outperformed top- and bottom-line expectations. Additionally, the Company provided guidance for the upcoming quarter. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Yext, Inc. (NYSE: YEXT), which also belongs to the Technology sector as the Company Momo. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=YEXT

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Momo most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=MOMO

Earnings Highlights and Summary

For the first quarter of the fiscal year 2018, Momo’s total net revenues soared 64% to $435.1 million compared to $265.2 million in Q1 2017. The Company’s revenue numbers beat analysts’ estimates of $396.17 million.

During Q1 2018, Momo’s cost and expenses were $288.7 million, reflecting an increase of 65% from $175.1 million in Q1 2017. The increase was primarily attributable to an increase in revenue sharing with the broadcasters related to the Company’s live video service and virtual gift recipients; an increase in personnel related costs, including share-based compensation; an increase in marketing and promotional expenses; and an increased infrastructure related spending.

For Q1 2018, Momo’s income from operations was $147.5 million compared to $91.0 million during Q1 2018. The Company’s non-GAAP income from operations was $159.9 million in the reported quarter compared to $100.6 million in the year earlier same quarter.

Momo’s net income attributable to common shareholders was $129.9 million in Q1 2018 compared to $81.2 million in Q1 2017. The Company’s non-GAAP net income attributable to common shareholders was $142.3 million in the reported quarter versus $90.7 million in the year earlier comparable quarter.

For Q1 2018, Momo’s net income was $0.63 per diluted ADS compared to $0.40 per diluted ADS in Q1 2017. The Company’s non-GAAP net income per diluted ADS was $0.69 in the reported quarter compared to $0.44 per diluted ADS in the prior year’s corresponding quarter. Momo’s earnings surpassed Wall Street’s estimates of $0.50 per share.

Operating Results

During Q1 2018, Momo’s live video service revenues soared 74.8% to $371.5 million compared to $212.6 million in Q1 2017. The rapid growth in live video revenues was attributed to the increase in the quarterly paying users, which was 4.4 million for the reported quarter, as well as the increase in the average revenues per paying user per quarter.

For Q1 2018, Momo’s value-added service revenues, which mainly include membership subscription revenues and virtual gift revenues, were $37.0 million, reflecting an increase of 62% from $22.9 million during Q1 2017. The revenue growth 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. Momo’s value-added service total paying users were 5.1 million in Q1 2018 compared to 4.3 million in Q1 2017.

Momo’s mobile marketing revenues were $18.7 million in Q1 2018, up 5% compared to $17.9 million in Q1 2017, driven by the increased demand from brand marketers. The Company’s mobile games revenues were $6.6 million in the reported quarter, down 43% from $11.6 million in the year earlier comparable quarter, mainly due to the decrease in the quarterly paying users.

Momo’s monthly active users (MAU) were 103.3 million in March 2018 compared to 85.2 million in March 2017.

Cash Matters

As of March 31, 2018, Momo’s cash, cash equivalents, term deposits, and restricted cash balance totaled $969.4 million compared to $1.06 billion as of December 31, 2017. The Company’s net cash provided by operating activities was $129.9 million in Q1 2018 compared to $95.4 million in Q1 2017.

Business Outlook

For the second quarter of the fiscal year 2018, Momo is forecasting total net revenues to be between $470.0 million and $485.0 million, representing a y-o-y growth of 51% to 55%.

Stock Performance Snapshot

June 25, 2018 – At Monday’s closing bell, Momo’s stock dropped 5.14%, ending the trading session at $48.17.

Volume traded for the day: 4.45 million shares, which was above the 3-month average volume of 4.26 million shares.

Stock performance in the last month – up 22.54%; previous three-month period – up 23.96%; past twelve-month period – up 22.41%; and year-to-date – up 96.77%

After yesterday’s close, Momo’s market cap was at $9.90 billion.

Price to Earnings (P/E) ratio was at 27.29.

The stock is part of the Technology sector, categorized under the Internet Software & Services industry.

Use the full featured online HTML editor tool to compose web articles to assure an error-free content!

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

SOURCE: Active-Investors

ReleaseID: 503693