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LONDON, UK / ACCESSWIRE / September 11, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Momo Inc. (NASDAQ: MOMO), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=MOMO, following the Company's disclosure of its second quarter fiscal 2017 financial results on August 22, 2017. The Chinese video-centric social networking speedster provided the outlook for the upcoming quarter. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Get more of our free earnings reports coverage from other constituents of the Internet Software & Services industry. Pro-TD has currently selected Snap Inc. (NYSE: SNAP) for due-diligence and potential coverage as the Company announced on August 10, 2017 its financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Snap Inc. when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on MOMO; also brushing on SNAP. With the links below you can directly download the report of your stock of interest-free of charge at:

http://protraderdaily.com/optin/?symbol=MOMO
http://protraderdaily.com/optin/?symbol=SNAP

Earnings Reviewed

Momo's total net revenues were $312.2 million in Q2 2017, an increase of 215% from $99.0 million in Q2 2016.

During Q2 2017, Momo's live video service continued its momentum and generated revenues of $259.4 million. The rapid growth in live video revenues was largely contributed by the increase in the quarterly paying users, which was 4.1 million for the reported quarter. The Company's total value-added service revenues were $24.6 million in Q2 2017, an increase of 58% from $15.6 million during Q2 2016, primarily driven by the increase in the number of paying users and the increase in the average revenues per paying user per quarter. Total paying users of Momo's value-added service were 4.5 million and 3.2 million as of June 30, 2017 and 2016, respectively.

For Q2 2017, Momo's mobile marketing revenues were $19.0 million, up 15% from $16.6 million during Q2 2016. The growth in mobile marketing business was driven by better sell-through of our existing advertisement inventories. The Company's mobile games revenues were $9.1 million in the reported quarter, an increase of 23% from $7.4 million during the prior year's same quarter.

During Q2 2017, Momo's costs and expenses were $246.0 million, up 189% from $85.2 million in Q2 2016. The Company's other operating income was $7.6 million in the reported quarter, a significant increase from $0.2 million during the year earlier quarter. Momo's income from operations was $73.7 million in Q2 2017 compared to $14.0 million during Q2 2016. The Company's non-GAAP income from operations was $86.7 million in the reported quarter versus $21.8 million for the year earlier comparable quarter.

For Q2 2017, net income attributable to Momo was $60.8 million, compared to $15.4 million during Q2 2016. The Company's non-GAAP net income attributable to Momo was $73.8 million in the reported quarter, compared to $23.2 million during the year ago corresponding period. For Q2 2017, Momo's diluted net income per ADS was $0.29, compared to $0.08 in Q2 2016. The Company's non-GAAP diluted net income per ADS was $0.35 in the reported quarter, compared to $0.12 in the year ago same period.

Cash and Cash Flow

As of June 30, 2017, Momo's cash, cash equivalents, and term deposits totaled $846.3 million, compared to $651.3 million as of December 31, 2016. The Company's net cash provided by operating activities was $108.1 million in the reported quarter, compared to $42.6 million for the year earlier same quarter

Appointment of Chief Technology Officer (CTO)

Momo announced the appointment of Mr. Chunlai Wang as its CTO. Prior to his appointment as Momo's CTO, Mr. Wang had served as Momo's Vice President of technology since April 2015. From June 2014 to April 2015, Mr. Wang served as the Technology Director of Momo. Before that, he had been in charge of the technology team of Momo since June 2013 and had been actively involved in the development of key technological infrastructures of Momo since he joined the Company in February 2012.

Prior to joining Momo, Mr. Wang served as an engineer and a senior engineer in NetEase between September 2010 and February 2012. From March 2009 to September 2010, he co-founded a business dedicated to semantic search services. Mr. Wang received his master's degree in engineering from Peking University in July 2013, and his bachelor's degree from Beijing Jiaotong University in June 2009.

Business Outlook

For Q3 2017, the Company expects total net revenues to be between $337.0 million and $342.0 million, representing a y-o-y increase of 115% to 118%.

Stock Performance

At the closing bell on Friday, September 8, 2017, Momo's stock marginally slipped 0.29%, ending the trading session at $37.71. A total volume of 6.72 million shares have exchanged hands, which was higher than the 3-month average volume of 6.27 million shares. The Company's stock price soared 0.72% in the last three months, 22.51% in the past six months, and 54.11% in the previous twelve months. Moreover, the stock skyrocketed 105.17% since the start of the year. The stock is trading at a PE ratio of 29.39 and currently has a market cap of $6.99 billion.

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