MOMO: T. H. Data Flash – Momo Inc. (MOMO) – June 2017: Marketing Activities to Generate More Users and User Engagements; Maintain Buy Rating & Raise PT
Marketing activities drove up users and their payments – MOMO had some marketing activities in 2Q17, which we believe were quite positive to its user growth as well as payment growth. Compared with 1Q17, average hourly current users were up in 2Q17E (Figure 1) and average hourly current hosts were also up (Figure 2).
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