Momo (MOMO) Tops Q1 EPS by 12c, Sales Beat

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Go back to Momo (MOMO) Tops Q1 EPS by 12c, Sales Beat

Momo Announces Unaudited Financial Results for the First Quarter 2017

May 23, 2017 5:30 AM EDT

BEIJING, May 23, 2017 /PRNewswire/ -- Momo Inc. (NASDAQ: MOMO) ("Momo" or the "Company"), a leading mobile social networking platform in China, today announced its unaudited financial results for the first quarter 2017.

First Quarter 2017 Highlights

Net revenues increased 421% year over year to $265.2 million. Net income attributable to Momo Inc. increased to $81.2 million in the first quarter of 2017 from $7.1 million in the same period last year. Non-GAAP net income attributable to Momo Inc. (note 1) increased 615% to $90.7 million in first quarter of 2017 from $12.7 million... More