Momo (MOMO) Tops Q1 EPS by 4c

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Go back to Momo (MOMO) Tops Q1 EPS by 4c

Momo Announces Unaudited Financial Results for the First Quarter of 2020

May 28, 2020 2:50 AM EDT

BEIJING, May 28, 2020 /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 of 2020.

First Quarter of 2020 Highlights

Net revenues decreased by 3.5% year over year to RMB3,594.1 million (US$507.6 million*) in the first quarter of 2020. Net income attributable to Momo Inc. increased to RMB538.9 million (US$76.1 million) in the first quarter of 2020 from RMB289.3 million in the same period of 2019. Non-GAAP net income attributable... More