- Revenue growth is slowing down and came in at the lower end of guidance, but growth is still brisk, especially in VAS and Tantan.
- Content cost are growing considerably more rapidly, but management argues this will stabilize in Q4 and it is countered at least in part by operational leverage.
- The shares are way too cheap on basically any metric, given the growth, free cash flow generation and cash on the balance sheet.
Momo’s Down, But Certainly Not Out
December 13th, 2018 · No Comments