Momo, Inc. (MOMO) Posts Surprise Q2 Profit
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Momo Announces Unaudited Financial Results for the Second Quarter and First Half of 2015
August 19, 2015 5:00 PM EDTBEIJING, Aug. 19, 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 second quarter 2015.
Second Quarter 2015 Highlights
Net revenues increased 264% year over year to $30.7 million. Net income attributable to Momo Inc. was $1.7 million, compared to a net loss of $7.0 million for the same period last year. Non-GAAP net income attributable to Momo Inc. (note 1) was $6.0 million compared to a non-GAAP net loss of $5.4 million for the same period last... More