Is-it Time to Swipe directly on the “Tinder of Asia”?

Asia’s online dating frontrunner nonetheless deals with overwhelming problems.

Leo are a technical and customer products professional who has got sealed the crossroads of wall structure road and Silicon Valley since 2012. His wheelhouse contains cloud, IoT, analytics, telecom, and video gaming relating organizations. Adhere your on Twitter to get more updates!

Momo (NASDAQ:MOMO) , the Chinese technology business that has a couple of nation’s leading dating apps, not too long ago submitted the first-quarter income. Their money dipped 3.4percent 12 months over season to 3.47 billion yuan ($529.7 million), lacking estimates by $3.1 million. Their adjusted net gain dropped 14percent to 634 million yuan ($96.7 million), or $0.44 per advertisements, which nonetheless defeat objectives by $0.11.

Momo expects its earnings to-fall 4.3% to 6.9per cent from inside the second one-fourth. That fell lacking analysts’ expectations for a 4percent fall, and management don’t render any bottom-line advice. Continue reading