Momo to Share Q3 Results on 5th December

Momo, a leading Chinese social network, will share its unaudited financial results for Q3 on 5th December 2018.

A conference call with management will be hosted at 8.00am Eastern Time US (9.00pm Beijing).

The company’s stock has been falling in recent weeks, with Momo’s market cap now sitting at just over $6 billion. This is partly attributable to a strong headwind in the Chinese mobile games market, though Momo itself has been criticised this year by analysts.

The platform still has a number of strengths, however. In Q2, net revenues increased 58% year-on-year to $494.3 million. Almost 5 million active users were added from the previous quarter, bringing total MAU to 107 million.

Zacks rates Momo as a hold, expecting the acquisition of Tantan to drive revenues up this quarter.

Tantan is often referred to as the ‘Chinese Tinder’ and Seeking Alpha also considers the addition as a turning point. They believe it could help Momo’s stock find a peak price, in a similar way to how Tinder assisted Match Group.

Analysts from The Motley Fool are suggesting that Momo is a smarter investment than Match Group. They note the social network has significantly exceeded Wall Street’s earnings projections in the last six successive quarters.

Furthermore, Momo started as an online dating site but has since moved into live video streaming, and now appeals  equally to both singles and non-singles.

Read more here.