Momo (MOMO) Tops Q1 EPS by 4c
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Momo Announces Unaudited Financial Results for the Second Quarter 2016
August 16, 2016 6:00 AM EDTBEIJING, Aug. 16, 2016 (GLOBE NEWSWIRE) -- Momo Inc. (NASDAQ: MOMO) ("Momo" or the "Company"), a leading mobile social networking platform in China, today announced its unaudited financial results for the second quarter 2016.
Second Quarter 2016 Highlights
Net revenues increased 222% year over year to $99.0 million.Net income attributable to Momo Inc. increased 804% to $15.4 million in the second quarter 2016 from $1.7 million in the same period last year.Non-GAAP net income attributable to Momo Inc. (note 1) increased 290% to $23.2 million in the second quarter 2016... More