Momo (MOMO) Tops Q2 EPS by 5c

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Go back to Momo (MOMO) Tops Q2 EPS by 5c

Momo Announces Unaudited Financial Results for the Second Quarter of 2018

August 22, 2018 3:30 AM EDT

BEIJING, Aug. 22, 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 second quarter of 2018.

Second Quarter of 2018 Highlights

Net revenues increased 58% year over year to $494.3 million. Net income attributable to Momo Inc. increased to $117.8 million in the second quarter of 2018 from $60.8 million in the same period last year. Non-GAAP net income attributable to Momo Inc. (note 1) increased 90% to $140.2 million in the second quarter of 2018 from... More