China’s leading mobile social network platform Mo Mo (NASDAQ: MOMO) announced the fourth quarter of 2019 and the united financial performance in 2019. The financial report showed that the year 2019, Mo Mo’s net camp reached 17.70151 billion yuan (about $ 24441 billion), an increase of 27% year-on-year. Not measured in accordance with US General Accounting Standards, the net profit attributable to Mo Mu company is 4.493.3 billion yuan (about 645.4 million US dollars), the same period of 3,4621 billion yuan last year. It is not measured in accordance with US General Accounting Standards, and the US stock shares (ADS) diluted net profit is 20.26 yuan (about $ 2.91), and the previous year is 16.17 yuan.
In the fourth quarter of 2019, Mo Mo’s net camp was ranked 4687.9 billion yuan (about $ 673.4 million), an increase of 22% year-on-year. It is not measured in accordance with US General Accounting Standards, and the net profit at Mo Mu company in the fourth quarter of 2019 is 1.2525 billion yuan (about $ 179.9 million), which lasts for 20 quarters.
This Mo Mo’s earnings exceed Wall Street analysts and companies expect that 14 analysts in Wall Street expect that Mo Mo’s fourth quarter of 2019 was 4.59 billion yuan. The financial report showed that Mo Mo’s fourth quarter of 2019 was 4687.9 billion yuan (approximately $ 673.4 million), far exceeding Wall Street expectations. Previously, the four-quarter revenue given in the four quarters of the four quarters of 4.52 billion to 4.62 billion yuan, and the financial report data is far more expensive.
As a leading platform in China’s open social field, Mo Mo always maintains steadily growth in the size of the user. In December 2019, the Mo Mo’s APP monthly active user was 114.5 million. In the fourth quarter of 2019, the total number of live broadcast services and value-added services and value-added services reached 1.3.8 million (including 4.5 million exploration payment households), the previous year is 13 million (including 39 million paid users) .
At the same time, Mo Mo also became very bright in financial performance, live broadcast and value-added service camps were significantly increased. The fourth quarter of 2019 Mo Mo live broadcast service revenue is 3383.5 billion yuan (about $ 486 million), an increase of 14% year-on-year. The value-added business revenue reached 1189.1 billion yuan (about $ 170.8 million), an increase of 65% year-on-year. In 2019, the total number of live broadcast business reached 12.45 billion, a year-on-year increase of 16.2%, and the value-added business camp has received 4.11 billion yuan. In 2019, the proportion of value-added services was further improved to 24.13% in total receipt of the general market, which was 10.08% from 2018, and live income accounted for 73.16% of total revenue, 6.76% below 2018.
Thanks to the continuous improvement of user experience and promoting product innovation, Mo Mo will learn from new technology to provide users with a more rich social scene and entertainment content experience, helping users send it on the platform.Now new friends and build high quality interaction. In addition to live, Mo Mo has launched the function experience of wolf, grab parking space, daily manor, these new experiences through audio and video interaction, gaming gameplay, combined with Mo Mo’s social function and relationship network, can help users easily break the silence And more effectively achieve relationship.
Mo Mo’s chairman and CEO Tang Yan said: \”In 2019, a successful number of paintings, the annual net camp increased by 27% year-on-year, net profit increased by 6%, non-US General Accounting Standards Net Profit growth 30 %. Strong performance performance proves our team’s competitive strength. In 2020, we will continue to improve the user experience and promote product innovation to seize more growth opportunities. \”
As of December 2019 On the day, Mo Mo’s cash, cash equivalents, regular deposits of 14.925.3 billion yuan (approximately $ 2143.9 million), as of December 31, 2018 is 1.12926 billion yuan. The net cash brought by the fourth quarter of 2019 is 1.6751 billion yuan (about 240.6 million US dollars), and the previous year is 1.1634 billion yuan.
At the same time, Mo Mo’s board announced $ 0.76 per ADS, that is, a special cash dividend program for $ 0.38 per share. These cash divisions pay shareholders who are still registered in the case after the end of the trading day on April 8, 2020. In addition to April 7, 2020. The total cash in this distribution is approximately $ 161 million, approximately RMB 1139 million (refer to the exchange rate 7.0741 on March 19), will pay the earnings cash in the company’s balance sheet. According to public information, this time, the second time for Mo Mo, the second time, March 2019, Mo Mo’s board announced $ 0.62 per ADS, namely a special cash division of $ 0.31 per share of ordinary shares. The total cash is about 128 million US dollars.