Asian Stocks in Focus: Momo Inc (ADR) (MOMO), Weibo Corp (ADR) (WB)

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Momo Inc (ADR) (NASDAQ:MOMO)

Stock’s Trading Stats:

Momo Inc (ADR) (NASDAQ:MOMO) surged 33.64% yesterday and closed at $16.09. The company’s market capitalization is at $3.05 Billion with an average trading volume of 1.62 Million. The total number of Outstanding Shares Held by the company are 286.87 Million.

Recent Press Release:

Momo Inc (ADR) (MOMO) on March 15 announced its unaudited financial results for the fourth quarter and full year ended December 31, 2015.

Fourth Quarter 2015 Highlights:

  • Net revenues increased 113% year over year to $39.5 million.
  • Net income attributable to Momo Inc. was $6.1 million, compared to a net loss of $2.5 million for the same period last year.
  • Non-GAAP net income attributable to Momo Inc. (note 1) was $11.8 million, compared to a non-GAAP net loss of $0.1 million for the same period last year.
  • Diluted net income per American Depositary Share (“ADS”) was $0.03, compared to a diluted net loss per ADS of $0.20 for the same period last year.
  • Non-GAAP diluted net income per ADS (note 1) was $0.06, compared to a non-GAAP diluted net loss per ADS of $0.16 for the same period last year.
  • Monthly Active Users (“MAU”)1 were 69.8 million in December 2015, compared to 69.3 million in December 2014.

Full year 2015 Highlights:

  • Net revenues increased 199% year over year to $134.0 million for the full year of 2015.
  • Net income attributable to Momo Inc. was $13.7 million for the full year of 2015.
  • Non-GAAP net income attributable to Momo Inc. (note 1) was $31.1 million for the full year of 2015.
  • Diluted net income per ADS was $0.07 for the full year of 2015.
  • Non-GAAP diluted income per ADS (note 1) was $0.15 for the full year of 2015.

Momo Inc (ADR) (MOMO) operates as a mobile-based social networking platform in the People’s Republic of China. The company’s platform includes its Momo mobile application and various related features, functionalities, tools, and services that are provided to users, customers, and platform partners.

Weibo Corp (ADR) (NASDAQ:WB)

Stock’s Trading Stats:

Weibo Corp (ADR) (NASDAQ:WB) closed at $20.32 yesterday by showing a increase of 12.89%. The total number of outstanding shares held by the company are 87.65 Million with the total market capitalization of $4.16 billion. The number of shares traded on the last trading session are 3.52 Million.

Recent Press Release:

Weibo Corp (ADR) (WB) announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2015.

Fourth Quarter 2015 Highlights:

  • Net revenues increased 42% year over year to $149.0 million, reaching the high end of the Company’s guidance between $146 million and $149 million.
  • Advertising and marketing revenue increased 47% year over year to $129.5 million.
  • Weibo Value-Added Services (“Weibo VAS”) revenue increased 13% year over year to $19.5 million, despite a 31% year-over-year decline in revenue from data licensing, a deemphasized business.
  • Net income attributable to Weibo’s ordinary shareholders increased 332% year over year to $19.1 million, and diluted net income per share was $0.09, compared to $0.02 for the same period last year.
  • Non-GAAP net income attributable to Weibo’s ordinary shareholders increased 258% to $32.9 million and non-GAAP diluted net income per share was $0.15, compared to $0.04 for the same period last year.
  • Adjusted EBITDA increased 131% year over year to $37.0 million.
  • Monthly active users (“MAUs”) in December 2015 grew 34% year over year to 236 million, 83% of which were mobile users. Average daily active users (“DAUs”) in December 2015 grew 32% year over year to 106 million.

Fiscal Year 2015 Highlights:

  • Net revenues increased 43% year over year to $477.9 million.
  • Advertising and marketing revenue increased 52% year over year to $402.4 million.
  • Weibo VAS revenue increased 9% year over year to $75.5 million.
  • Net income attributable to Weibo’s ordinary shareholders reached $34.7 million, or diluted net income per share of $0.16, compared to a net loss of $65.3 million for 2014, or diluted net loss per share of $0.35.
  • Non-GAAP net income attributable to Weibo’s ordinary shareholders was $68.8 million, or non-GAAP diluted net income per share of $0.32, compared to a non-GAAP net loss of $2.3 million for 2014, or non-GAAP diluted net loss per share of $0.01.
  • Adjusted EBITDA increased 454% year over year to $85.7 million.
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