Momo (MOMO) Gains Following 'Beat and Raise'
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Momo Announces Unaudited Financial Results for the Fourth Quarter and Fiscal Year 2017
March 7, 2018 4:19 AM ESTBEIJING, March 7, 2018 /PRNewswire/ -- Momo Inc. (NASDAQ: MOMO) ("Momo" or the "Company"), a leading mobile social networking platform in China, today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2017.
Fourth Quarter 2017 Highlights
Net revenues increased 57% year over year to $386.4 million. Net income attributable to Momo Inc. increased to $97.5 million in the fourth quarter of 2017 from $83.8 million in the same period last year. Non-GAAP net income attributable to Momo Inc. (note 1) increased 20% to $110.0 million in... More