KyleLennon
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After Momo reported its Q1 results, its stock price increased 11%. The company recorded a 64% year-on-year revenue growth and increased Q2 guidance from $470M to $485M.
However, its mobile games revenue declined to $6.6M (-43% year-over-year because of the loss of paying users).
However, its mobile games revenue declined to $6.6M (-43% year-over-year because of the loss of paying users).