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Momo’s Down, But Certainly Not Out

December 13th, 2018 · No Comments

  • 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.

Source: Momo’s Down, But Certainly Not Out – Momo (NASDAQ:MOMO) | Seeking Alpha

Tags: MOMO