Momo, Inc. (MOMO) Tops Q1 EPS by 6c
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Momo Announces Unaudited Financial Results for the First Quarter 2015
May 18, 2015 4:30 PM EDTBEIJING, May 18, 2015 (GLOBE NEWSWIRE) -- Momo Inc. (Nasdaq: MOMO) ("Momo" or the "Company"), a leading mobile social networking platform in China, today announced its unaudited financial results for the first quarter, 2015.
First Quarter 2015 Highlights
Net revenues increased 383% year over year to $26.3 million, exceeding the Company's guidance between $24 million and $26 million. Net income attributable to Momo Inc. was $6.7 million, compared to a net loss of $1.2 million for the same period last year. Non-GAAP net income attributable to Momo Inc. (note 1) was $9.4 million... More