- Momo (NASDAQ:MOMO) gains 9.2% premarket on Q1 results that beat EPS and revenue estimates with a 64% Y/Y revenue growth. Q2 guidance has net revenue from $470M to $485M.
- Key metrics: MAU, 103.3M (+18.1M Y/Y); total paying users of live video service and value-added service, 8.1M (+1.1M); total live video services revenue, $371.5M (+75%); value-added service revenue, $37M (+62%); mobile marketing revenues, $18.7M (+5%); mobile games revenue, $6.6M (-43% due to decrease in quarterly paying users); costs and expenses, $188.7M (+65%); income from operations, $159.9M; cash and equivalents, $969.4M.
- Earnings call is scheduled for 8 AM Eastern with a webcast available here.
- Press release.
- Previously: Momo beats by $0.19, beats on revenue (May 29)