Momo (MOMO) Gains 11% After Topping Q1 Views, Issuing Raised Outlook
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Momo Announces Unaudited Financial Results for the First Quarter 2018
May 29, 2018 3:37 AM EDTBEIJING, May 29, 2018 /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 2018.
First Quarter 2018 Highlights
Net revenues increased 64% year over year to $435.1 million. Net income attributable to Momo Inc. increased to $129.9 million in the first quarter of 2018 from $81.2 million in the same period last year. Non-GAAP net income attributable to Momo Inc. (note 1) increased 57% to $142.3 million in the first quarter of 2018 from $90.7... More