PR NEWSWIRE - Mar 12 - Q4 2018 net revenues increased 50% YOY to $559M. Net income increased slightly YOY to $96M. Monthly Active Users ("MAU") on Momo app were 113.3M in Dec 2018, compared to 99M in Dec 2017. Total paying users, including 3.9M paying users of Tantan were 13M, compared to 7.8M in Q4 2017. Live video service revenues were $430M in the Q4 2018, up 36% YOY. Annual revenues increased 51% YOY to $1,950M. Net income was $409.5M, up from $320M.
105 posts categorized "Momo"
Momo's Financial Results: 2018 Annual Revenue ~$2B
| |
Where Will Momo Be in 5 Years?
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
See full article at The Motley Fool
Subscribe to OPW + Join IDEA + Hire Courtland Brooks Agency-Consultancy
| |
Momo Stock Gained 28% in January
THE MOTLEY FOOL - Feb 11 - Momo stock lost ~46% of its value from October through December, and the stock posted big gains in January (up 28%) as the market regained some ground. There doesn't appear to have been any company-specific news behind the company's stock gains last month, but Momo trades at low multiples compared to its earnings trajectory, and investors piled back into the stock as skittishness in the broader market abated. Momo is a stock that could see more big gains if the country's tech sector continues to recover. The company's monthly active user base continues to climb (up 17% YOY last quarter).
See full article at Fox Business
Subscribe to OPW + Join IDEA + Hire Courtland Brooks Agency-Consultancy
| |
73.4 % of Chinese Consider Live Streaming to Be a Legitimate Profession
MEDIUM - Jan 24 - Momo, one of China's largest live streaming platforms, has published the 2018 Live Streaming Profession Report. According to the report, 73.4% of respondents believe that live streaming is a profession, and ~30% of users said that one of their friends or family members is a live streamer. Women in their 20s dominate the profession. 21% of full-time broadcasters and 9.6% of part-time broadcasters earn over 10,000 RMB ($1,478) per month from streaming. The average salary in Beijing is 8,467 RMB.
| |
Momo's Bright Future in Online Dating
SEEKING APLHA - Jan 3 - Momo has more than halved since hitting its 52 week high but is it undervalued or did the market simply became rational with regards to this growth stock? Momo is one of China's leading mobile-based social and entertainment platforms that include a live-streaming platform and online dating platforms. The acquisition of Tantan (China's Tinder) earlier in 2018 has driven Momo's value-add service revenues. Tantan has only just begun to monetise its user base in January 2018 and during that short span of time, its paying user base has grown to 3.6M. It has 94M MAUs. The management has high hopes for Tantan due to the 300M millennials in China and the higher mobile penetration rates, particularly among millennials. Furthermore, Tantan's popularity has not been limited to China. According to App Annie, Tantan is among the top 10 social apps on Android in other Asian countries such as Singapore, Indonesia, Philippines, Nepal and Taiwan. Overall it seems that Momo is an undervalued company where the market has incorrectly assessed its future as fears regarding competition from short-video platforms.
by Dominic Teo
See full article at Seeking Alpha
| |
Momo Experiencing Decelerating Growth
SMARTER ANALYST - Dec 19 - Chinese social media company Momo had seen its stock surge ~100% between January and the end of June, before plummeting over the past few months to a 52-week low. The growth has been decelerating; while revenue grew by 64% YOY in Q1 '18, growth decelerated to 58% in Q2 '18 and then 51% in Q3 '18. However, even with decelerating growth, Nomura analyst Jialong Shi is bullish on MOMO stock, maintaining his Buy rating and $41 price target. Momo's flagship service is Tantan, a dating app similar to Tinder.
| |
Momo Q3 Financial Results
MOMO - Dec 6 - Q3 revenues increased 51% YOY to $536M. Net income increased to $85.2M from $79.1M in the same period last year. Monthly Active Users on Momo app were 110.5M in September 2018, compared to 94.4M in September 2017. Live video service revenues were $406.9M in Q3 2018, an increase of 34% from $302.6M in Q3 2017.Total paying users of live video service and value-added service, without double counting the overlap, including 3.6M paying users of Tantan, were 12.5M, compared to 7.3M for the third quarter of 2017.
| |
Personal Data from 30M Momo Users Reportedly Exposed
TECHNODE - Dec 3 - Personal data from 30M users of China's top dating app Momo is reportedly being sold for as little as RMB 200 (~$30). A Weibo user posted a series of screenshots from the Chinese dark web entitled "database of 30M Momo users" with a comment saying: "Momo's database is quite cheap." According to the screenshots, data on offer includes phone numbers and passwords. The data are from 2015.
| |
Reasons Momo's Stock Is Down
CHINA KNOWLEDGE - Nov 21 - Momo is known for its live-streaming platform and dating app Tantan, dubbed as the "Tinders of China". Momo's revenue grew 50% YOY in the past three quarters. But the company has seen its share price fall by ~40%. The company faces some domestic headwinds in the near future. Firstly, China is imposing stricter regulations on its social media and video streaming market. Live-stream services have to fill up the Internet Content Provider (ICP) form and gain certificates for their services. The new measures also require real name registration. The new measure may put a dent on Momo earnings and future growth as the company may need to hire more people to enforce standards on its platform to prevent it from being shut-down. Next, the company also faces increasing competition such as Huya. Huya currently claims ~91.5M MAU which isn't far from Momo.
The full article was originally published at China Knowledge, but is no longer available.
| |
Momo Q2 2018 Results
PR NEWSWIRE - Aug 22 - Net revenues increased 58% YOY to $494.3M. Net income increased to $117.8M in the Q2 '18 from $60.8M YOY. Monthly active users were 108M in June, compared to 91.3M last year. Live video service revenues continued its growth momentum and the total live video service revenues were $411M with 4.6M paying users. Momo started as an online dating app and has now progressed to being a full social media company.
| |
Momo At A Bargain Before The Tantan Growth Story Unfolds
SEEKING ALPHA - Aug 15 - Momo is an $8B popular Chinese mobile dating and social networking company with a fast and profitable growth, strong track record and a huge addressable market. In February 2018, it acquired China's top dating app Tantan, the "Tinder of China" for $700M. Share price has recently suffered from negative rumors spread by short sellers and is currently offered at a bargain ahead of Q2 earnings: around 30% down from its 52-week high. Momo is likely to be very a volatile investment for the years to come. But it offers a great margin of safety at current price. Momo has been able to take a leading position in the live-streaming space after pivoting from its online dating core business. Credits to CEO Tang Yan who identified key trends ahead of time. Competition is fierce in China, between Momo, Weibo, Huya, Douyu or Panda.tv. Content is king, and many of these companies now work with talent agencies or sign exclusive deals with famous streamers to make sure users don't churn and flock to other platforms. Momo is focusing on retaining users and making its platform a great free experience. They add compelling features such as group chat. Tantan has ~20M MAU and growing. The app is only starting to monetize its audience similarly to Tinder with subscription and a la carte features such as 'superlikes' or 'see who likes me' kinds of products. Tantan might already be at a run-rate of $100M+ yearly revenue. Beyond online dating, Momo is also venturing into mobile gaming.
See full article at Seeking Alpha
| |
China's Tinder Embraces AI
SCMP - July 11 - AI will be a key focus for Tantan this year, said CEO Yu Wang. The technology will be used to help the company accurately identify new users, boost the accuracy of advertising, as well as contributing to growth in terms of user numbers and revenues, he said. Mobile dating is a popular trend in China where the number of smartphones outstripped the country's 1.4B population. Even WeChat, the country's most popular messaging app owned by Tencent, whose active monthly users have topped nearly 1B, offers apps such as Shake and Drifting Bottle that give its users more opportunities to get in touch with potential dates. Momo, another popular location-based hook-up app in China, acquired Tantan in February for $760M. Unlike Momo and Tantan, which are mostly favoured by younger users who are more inclined to have casual dates, a number of Chinese apps, such as Jiayuan and Baihe, specifically target those looking for a life-long partner. Revenue generated by China's online dating industry reached 4B yuan ($603M) in 2017, according to iResearch.
| |
Momo Shares Fell 5% After A Short Seller Accusations
CAIXIN GLOBAL - June 28 - Shares of dating app operator Momo fell by ~5% in the latest trading session on Wall Street, after a short seller accused the company of selectively disclosing and concealing important news for investors. Spruce Point said Momo "selectively reveals/conceals material disclosures from investors and is diverting attention from new challenges in live video," referring to a livestreaming format that has become highly popular in China. The format's rapid rise has attracted attention from regulators worried about problematic broadcasts that include material like pornography and false claims by sellers of products and services.
by Yang Ge
See full article at Caixin Global
| |
Momo Proposed To Offer $650M Convertible Senior Notes
PR NEWSWIRE - June 26 - Momo, a leading mobile social networking platform in China, announced that it proposes to offer $650M in aggregate principal amount of convertible senior notes due 2025. The Notes will mature on July 1, 2025. The Company intends to grant the initial purchasers in the Offering a 30-day option to purchase up to an additional $100M principal amount of the Notes. The Notes will be convertible into Momo's American depositary shares, at the option of the holders, in integral multiples of $1k principal amount, at any time prior to the close of business on the second business day immediately preceding the maturity date. Momo will not have the right to redeem the Notes prior to maturity, except in the event of certain changes to the tax laws or their application or interpretation. Holders of the Notes will have the right to require the Company to repurchase all or part of their Notes in cash on July 1, 2023, or in the event of certain fundamental changes. The Company plans to use the net proceeds of the Offering to repay the $300M bank loan facility it entered into in May 2018 to partially finance its acquisition of Tantan.
| |
Live-streaming Video Helped Momo Surpass $10B In Market Value
SCMP - June 13 - Momo, whose net income rose 60% to a record $129.9M in the March quarter, now has a higher market capitalisation than Sina Corp. Momo's share price increase almost fourfold since its IPO in Dec 2014, when its shares sold at $13.50 each. That pushed up Momo's market capitalisation to $10.8B. Snapchat, by comparison, has a market value of $16.6B. Launched in 2011, Momo started as a hook-up app for young Chinese people. The company entered China's live-streaming market in Nov 2015 after spotting the shift to video as a new medium for young people to interact and share content. Live streaming video has enabled Momo to make social networking more diverse in the app. In the past few years, Momo has introduced karaoke, audio chat room, short video and a collection of interactive social games, including popular party game Werewolf, to its users. A recent Deloitte report forecast the Chinese live-streaming market to have viewer numbers topping 456M this year. Tantan, the rival Tinder-like online dating app acquired by Momo last month, is expected to be the company's new growth engine, according to Momo.
| |