T. H. Data Flash – Momo Inc. (MOMO) – August & 3Q19E
We are positive on MOMO’s performance in 3Q19, as both of MOMO’s live and VAS businesses grew nicely. After Tantan APP was relaunched on APP stores in July, its popularity and user base came back. MOMO’s live broadcasting business was also growing nicely driven by the growth of concurrent users. Based on our data, we believe the total revenue in 3Q19E is likely to be higher than consensus at RMB4,295M. We maintain our Buy rating.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.