T. H. Data Flash – Momo Inc. (MOMO) – December & 4Q18: Annual Gala and Other Monthly Events Drove Live Broadcasting Business in 4Q18; Maintain Buy Rating
We are positive on MOMO’s performance in 4Q18. The live broadcasting business was performing better as the annual Gala was better than expected. Based on our data and model, we believe the live broadcasting revenue in 4Q18 is likely to be better than the company’s previous expectation and total revenue is likely to be higher than consensus at $531.51M, and above the guidance range of RMB3,655M - RMB3,755M ($529.1M - $543.6M).
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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