Momo (MOMO) reports earnings Tuesday May 23rd before the open.
In the last 7 quarters, it’s had 6 beats and 1 meet.
It beats EPS by 57% on average.
The stock goes up by 4% on average after reporting earnings.
Chinese stocks have done well this earnings season:
* Alibaba (BABA)
* JD (JD)
* Netease (NTES)
* Sina (SINA)
* Weibo (WB)
We expect Momo to carry the momentum for Chinese stocks.
Momo started out as a dating app – it was called “the Chinese Tinder”
It’s reinvented itself.
It’s now a full social media company.
It has live streaming video which is very popular.
The live streaming video makes 80% of Momo’s revenue.
Momo also makes money from virtual gifts and games.
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