Momo (MOMO) Tops Q3 EPS by 10c; Guides Well Above the Street

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Momo Announces Unaudited Financial Results for the Third Quarter 2016

November 8, 2016 5:30 AM EST

BEIJING, Nov. 08, 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 third quarter 2016.

Third Quarter 2016 Highlights

Net revenues increased 319% year over year to $157.0 million.Net income attributable to Momo Inc. increased to $39.0 million in the third quarter 2016 from a net loss of $0.8 million in the same period last year.Non-GAAP net income attributable to Momo Inc. (note 1) increased 1,182% to $49.5... More