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Momo: Q2 Earnings Insights

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Shares of Momo (NASDAQ:MOMO) fell 9% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 47.56% year over year to $0.43, which were in line with the estimate of $0.43.

Revenue of $547,516,000 declined by 9.49% from the same period last year, which missed the estimate of $560,890,000.

Guidance

Q3 revenue expected between $522,070,000 and $536,180,000.

Conference Call Details

Date: Sep 03, 2020

Time: 08:00 AM

View more earnings on MOMO

ET Webcast URL: https://edge.media-server.com/mmc/p/pjn8pgfx

Technicals

Company's 52-week high was at $40.87

52-week low: $16.61

Price action over last quarter: down 6.75%

Company Profile

Momo Inc provides mobile-based social networking services. The firm enables its users to establish and expand social relationships based on location and interests. Its platform includes Momo mobile application and a variety of related features, functionalities, tools, and services that it provides to users, customers and platform partners. It also operates a stand-alone video application called Hani, which features the live video content on its core Momo mobile application. The company principally derives its revenue from live video service, value-added services, mobile marketing services, mobile games and other services. It operates in three segments: Momo' service lines, Tantan's service lines, and QOOL's service line out of which Momo' service lines segment derives majority revenue.

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