- 2018-11-21
MOMO: Expect In Line 3Q18 As Political and Economic Environments Impact Topline Growth; Maintain Buy Rating But Lower Price Target
MOMO will report 3Q18 results in late November. Based on our data and model, we believe MOMO’s 3Q18 revenue is likely to reach about US$533.5M (exchange rate at RMB6.8055 = USD 1), in line with consensus at US$534.4M, and within its guidance range of US$525M – US$541M. The company also needs to invest in Tantan, and as such, we believe the margin is likely to be lower than 2Q18 and 3Q17.…… - 2018-09-18
T. H. Data Flash – Momo Inc. (MOMO) – 3Q18: Multiple Revenue Streams to Drive 3Q18; Maintain Buy Rating
We are seeing positive results during the first two months of 3Q18 driven by multiple sources of revenue: 1) monthly events were positive to MOMO’s monetization; 2) Tantan introduced new fee schedules to target different needs among users; and 3) the TV show that MOMO sponsored will contribute to some revenue in 3Q18. We maintain our Buy rating. …… - 2018-08-17
MOMO: Healthy Operational Data of User Growth and Engagement Level in 2Q18 Drive Potential Upside; Maintain Buy Rating
MOMO will report 2Q18 results on August 22nd before the markets open with an 8am EST conference call. Based on our data and model, we believe MOMO’s revenue is likely to be better than consensus at $480.6M, and tops the high end of its guidance range of $470M – $485M despite the change in the current exchange rate. MOMO’s live broadcasting revenue is likely to be around $420.7M in 2Q18. …… - 2018-04-13
T. H. Data Flash – Momo Inc. (MOMO) – 1Q18: Quiz Shows & March Festival are Driving Traffic and Better 1Q18 Revenue; Maintain Buy Rating
Based on our data and model, we believe MOMO’s 1Q18 revenue is likely to reach $406.6M, better than consensus at $391.4M, and tops the high end of its guidance range of $387M – $402M. …… - 2018-03-05
MOMO: Expect Better 4Q17 Results and 1Q18 Guidance; Market Consolidation to Benefit MOMO; Maintain Buy Rating
MOMO will report 4Q17 results on March 7th before the markets open with an 8am EST conference call. Based on our data and model, we believe MOMO’s 4Q17 revenue is likely to reach US$391.5M, better than consensus at US$380.0M, driven by live broadcasting annual festival, advertising as well as new activities on the platform.…… - 2018-01-22
T. H. Data Flash - Momo Inc. (MOMO) – December & 4Q17: New Features and New Monetization Drive User and Revenue Growth; Maintain Buy Rating
There have been concerns regarding the growth in paying users for MOMO’s live broadcasting as well as the potential growth of active users on the platform. In 4Q17, we are likely to see improvement on both fronts as a result of the company’s efforts to expand into more social features beyond live broadcasting. …… - 2017-12-15
T. H. Data Flash - Momo Inc. (MOMO) – November & 4Q17: MOMO APP Version 8.4 Having Positive Impact on Monetization; Maintain Buy Rating
•New version 8.4 has been positive to MOMO’s platform – On November 6th, MOMO released version 8.4, which aims to increase monetization of both live broadcasting and other new social functions. Thus far, we have seen a positive impact to MOMO’s platform as a result of this new release. …… - 2017-10-06
T. H. Data Flash – Momo Inc. (MOMO) – August 2017 & 3Q17: Positive Impact from Marketing & Channel Activities; Growth of Paying Users Yet to be Seen, Maintain Buy Rating
Marketingand channel activities have positive impacts – Average hourly current users were up in 3Q17E toreach 45,295 from 39,558 in 2Q17, mainly due to new functions in MOMO version8.0 (Figure 1). ……
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