Momo (MOMO) Q4 Earnings & Revenues Surpass Estimates, Up Y/Y
Zacks Investment Research | Mar 12, 2019 09:50PM ET
Momo Inc. (NASDAQ:MOMO) reported fourth-quarter 2018 non-GAAP earnings per American Depositary Share (ADS) of 59 cents, which beat the Zacks Consensus Estimate by 5 cents and increased 11.3% from the year-ago quarter.
Revenues of $559.1 million surpassed the consensus mark of $540 million and surged 50% on a year-over-year basis.
The growth was primarily driven by robust growth in live video revenues, growth in user base and solid performance of Tantan Limited.
Segment Details
Live-video service revenues (76.9% of total revenues) were $430.4 million, up 36% year over year, driven by an increase in the number of quarterly paying users and higher average revenues per paying user per quarter.
Value-added service revenues (18.8% of total revenues) mainly include membership subscription revenues and virtual gift revenues. Revenues surged 272% year over year to $105.1 million. Solid growth of the virtual gift business on the Momo application and addition of Tantan’s membership subscription revenues for the whole quarter drove growth.
Mobile marketing revenues (3.2% of total revenues) declined 15% year over year to $17.8 million. This decline was attributed to lower demand from advertising and marketing customers.
Mobile games (0.7% of total revenues) revenues plunged almost 44% to $3.7 million, primarily due to decrease in the number of quarterly paying users.
Other services mainly consisted of revenues from Phanta City, a TV variety show co-produced by Momo.
Momo Inc. Price, Consensus and EPS Surprise
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