MOMO will report 1Q21 results on June 8th before the markets open with an 8am EST conference call. Momo’s legacy business with live broadcasting function is recovering post its structural adjustment that was put in place in August 2020, while value-added service from functions including “Groups Nearby” and “Online Pairing” is the current focus and growing faster in recent quarters. Its TanTan business is at the bottom, in our opinion, as management is determined to make it work and has already changed the management team to execute the right strategies. Based on our data, we believe MOMO’s total revenue in 1Q21E is likely to be higher than consensus.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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