THE MOTLEY FOOL - Feb 27 - We're a couple of weeks away from Momo posting its Q4 results, and investors are probably nervous. The Chinese social-video and online-dating company burned investors last time out, landing at the low end of its earlier revenue forecast and offering up guidance calling for continuing deceleration. Analysts at Citi and Morgan Stanley would go on to downgrade the stock following the uninspiring results, sending the shares to their lowest levels in nearly a year. Momo stock has started to bounce back in recent weeks. The shares are trading 49% higher in 2019. Revenue at Momo has more than tripled over the past two years. Momo is hot right now. It attracted 110.5M monthly active users, up from 94.4M a year earlier. No one knows what the hot mobile platforms will be in 2024. One thing that does help Momo here is that it is very profitable, with a cash-rich balance sheet to boot. Momo has nearly $1.5B in cash on its books. Tantan won't be the last of Momo's purchases.
by Rick Munarriz
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