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

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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:

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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:

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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:

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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.

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