Momo (MOMO) Gains Following 'Beat and Raise'

Momo (NASDAQ: MOMO) is gaining 11% in pre-open trade after the company reported Q4 EPS of $0.53, $0.07 better than the analyst estimate of $0.46. Revenue for the quarter came in at $386.4 million versus the consensus estimate of $381.54 million.

"We had a good fourth quarter, capping off a remarkable year. I am happy to see the initiatives that we took in prior quarters started to bear early fruits." Commented Yan Tang, Chairman and CEO of Momo. "Net addition in MAU reaccelerated in the quarter with improving user retention and engagement. Such reacceleration shows the effectiveness of our product and content strategy as well as the improvement in the top of the funnel efficiency driven by our new marketing system. In addition, due to the initiatives that we have been taking since the fourth quarter, the content ecosystem around the live streaming service is seeing substantial development as we entered into the new year, providing a solid foundation for us to continue to drive content improvement and business growth for live streaming business going forward."

GUIDANCE:

Momo sees Q1 2018 revenue of $387-402 million, versus the consensus of $350.85 million.

For earnings history and earnings-related data on Momo (MOMO) click here.

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