T. H. Data Flash – Momo Inc. (MOMO) – December & 4Q18: Annual Gala and Other Monthly Events Drove Live Broadcasting Business in 4Q18; Maintain Buy Rating

  • 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).

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