HTTPS: // news.cnblogs.com/n/657963/ check the next street street history remember most about beginning a + gun software .. I did not expect such a fast development of almost 20 billion in revenue a .. founder 1979 32-year-old entrepreneur.
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- The fourth quarter of 2019, net revenues amounted to unfamiliar street 4.6879 billion yuan (about US $ 673.4 million), an increase of 22%. Not in accordance with US GAAP measure, fourth quarter 2019 net profit attributable to the parent company of unfamiliar street was 1.2525 billion yuan (about US $ 179.9 million).
- 2019 full year, unfamiliar street net revenues reached 17.0151 billion yuan (about US $ 2.4441 billion), an increase of 27%. Not in accordance with US GAAP measure, net profit attributable to the parent company of unfamiliar street was 4.4933 billion yuan (about US $ 645.4 million).
- December 2019, the main street street App 114.5 million monthly active users, monthly active users over the same period last year to 113.3 million.
IDG, March 19 news, unfamiliar street (Nasdaq: MOMO) reported fourth quarter 2019 and full year 2019 financial results unaudited. Reported a fourth quarter 2019, net revenues amounted to unfamiliar street 4.6879 billion yuan (about US $ 673.4 million), an increase of 22%. Not in accordance with US GAAP measure, fourth quarter 2019 net profit attributable to the parent company of unfamiliar street was 1.2525 billion yuan (about US $ 179.9 million), earnings for 20 quarters.
2019 full year, unfamiliar street net revenues reached 17.0151 billion yuan (about US $ 2.4441 billion), an increase of 27%. Not in accordance with US GAAP measure, net profit attributable to the parent company of unfamiliar street was 4.4933 billion yuan (about US $ 645.4 million), compared to 3.4621 billion yuan the previous year. Not in accordance with US GAAP measure, per American Depositary Share (ADS) Diluted net profit of 20.26 yuan (about $ 2.91), to 16.17 yuan a year earlier.
According to the data summarized Yahoo Finance, Wall Street analysts on average expected 14, unfamiliar street fourth quarter 2019 revenue of 4.59 billion yuan. Reported unfamiliar street fourth quarter 2019 revenue of 4.6879 billion yuan (about US $ 673.4 million), far exceeding Wall Street expectations. Prior to the fourth quarter revenue forecast given by the company for the unfamiliar street, between 4520 to 4620 million yuan earnings data far more than the company expected.
Fourth quarter 2019 Highlights
Net revenue reached 4.6879 billion yuan (about US $ 673.4 million), an increase of 22%.
Unfamiliar street attributable to the parent company's net profit was 1.0559 billion yuan (about US $ 151.7 million), a year earlier to 660.8 million yuan. Not in accordance with US GAAP measure, net profit attributable to the parent company of unfamiliar street was 1.2525 billion yuan (about US $ 179.9 million), a year earlier to 887.4 million yuan.
Per American Depositary Share (ADS) Diluted net profit of 4.74 yuan (about $ 0.68), compared to 3.04 yuan last year. Not in accordance with US GAAP measure, per American Depositary Share (ADS) Diluted net profit of 5.61 yuan (about 0.81 US dollars), a year earlier to 4.05 yuan.
December 2019, the main street street App 114.5 million monthly active users, monthly active users over the same period last year to 113.3 million.
The fourth quarter of 2019, the company unfamiliar street live broadcast services and value-added services after paying the total number of heavy users to 13.8 million (including 4.5 million paying customers test the waters), compared to the previous year 13 million (including 3.9 million paying customers test the waters) .
2019 Annual Results Summary
Net revenue reached 17.0151 billion yuan (about US $ 2.4441 billion), an increase of 27%.
Unfamiliar street attributable to the parent company's net profit was 2.9709 billion yuan (about US $ 426.7 million), compared to 2.8158 billion yuan the previous year. Not in accordance with US GAAP measure, net profit attributable to the parent company of unfamiliar street was 4.4933 billion yuan (about US $ 645.4 million), compared to 3.4621 billion yuan the previous year.
Per American Depositary Share (ADS) Diluted net profit of 13.52 yuan (about $ 1.94), to 13.18 yuan a year earlier. Not in accordance with US GAAP measure, per American Depositary Share (ADS) Diluted net profit of 20.26 yuan (about $ 2.91), to 16.17 yuan a year earlier.
Executives Comments
Unfamiliar street, chairman and CEO Tang Yan said: strong performance, "2019 New Year on a successful close, full-year net revenue grew 27%, net profit growth of 6%, non-GAAP net income increased 30%. a testament to our team's competitive strength .2020 years, we will continue to improve the user experience, promote product innovation, in order to capture more growth opportunities. "
Fourth quarter 2019 financial results
Net revenues
Fourth quarter 2019 net revenue of 4.6879 billion yuan (about US $ 673.4 million), compared with 3.8439 billion yuan year on year growth of 22%.
Fourth quarter 2019 street street video service revenue 3.3835 billion yuan (about US $ 486 million), with 2.9592 billion yuan last year compared to an increase of 14%. Live service revenue growth, mainly due to the implementation of different products and operational strategies for different payment groups. 2019 full year, revenue reached 12.45 billion yuan live.
2019 fourth quarter, value-added business revenue reached 1.1891 billion yuan (about US $ 170.8 million), compared to last year's 722.4 million yuan up 65%. Value-added services including virtual gift service members as well as subscription services. Value-added services revenue growth was mainly due to the unfamiliar street to enhance the user's social experience and the introduction of more features and more payment options in order to promote the sustainable growth of virtual gifts business, while beating the affected Member subscription revenue growth.
Fourth quarter 2019 revenues of mobile marketing 9,300 million (approximately US $ 13.4 million), mobile gaming revenue of 14.4 million yuan (about US $ 2.1 million).
Fourth quarter 2019 net revenues of unfamiliar street from the main App 3.6093 billion yuan in the fourth quarter of 2018 increased to 4.3173 billion yuan (about US $ 620.1 million), mainly due to significant growth in broadcast services and value-added services net revenues. The fourth quarter of 2019, beating the 223 million yuan of net revenues from the fourth quarter of 2018 increased to 369.8 million yuan (about US $ 53.1 million), mainly due to the growth in the number of paying users.
Costs and expenses
Fourth quarter 2019 costs and expenses for the 3.5811 billion yuan (about US $ 514.4 million), an increase of 12% over the same period of 3.1957 billion yuan the previous year. Growth in costs and expenses was mainly due to:
1, and offer live services and virtual gifts anchor into service increases;
2, to attract users unfamiliar street and beating the platform, as well as increased promotion of live business marketing and promotion expenses;
3, infrastructure-related spending, such as bandwidth costs, server depreciation, these costs increased from unfamiliar street platform to launch more features; reduce costs associated with television programs offset part of the cost and expenses.
The fourth quarter of 2019, not in accordance with US GAAP measurement, costs and expenses for the 3.3749 billion yuan (about US $ 484.8 million), up 14 percent from the same period of 2.9596 billion yuan the previous year.
Other operating income
The fourth quarter of 2019, other operating income was 142.6 million yuan (about US $ 20.5 million), compared to 141.4 million yuan in 2018, other operating income mainly consists of government subsidies.
Operating profit
2019 fourth quarter operating profit of 1.2494 billion yuan (about US $ 179.5 million), a year earlier to 789.6 million yuan. 2019 fourth quarter unfamiliar street main App operating profit of 1.4585 billion yuan (about US $ 209.5 million), compared to 1.0926 billion yuan the previous year. Fourth quarter 2019 operating loss of beating the 202.7 million yuan (about US $ 29.1 million), compared with an operating loss of 219.9 million yuan.
Not in accordance with US GAAP measure, operating profit was 1.4557 billion yuan (about US $ 209.1 million), compared to 1.0257 billion yuan the previous year. Not in accordance with GAAP measurement, the fourth quarter of 2019, the main street street App operating profit of 1.5939 billion yuan (about US $ 229 million), compared to 1.2008 billion yuan the previous year. Not in accordance with US GAAP measure, in the fourth quarter of 2019, beating the operating loss of 135 million yuan (about US $ 19.4 million), compared with operating loss of 92.6 million yuan.
Income tax expense
Fourth quarter 2019 income tax expense was 253.7 million yuan (about 36.4 million US dollars), compared with 183.3 million yuan the previous year over the same period has increased. Increase in income tax expenses was mainly due to the fourth quarter of 2019, unfamiliar street to get more revenue.
Net profit
Fourth quarter 2019 net profit of 1.0523 billion yuan (about US $ 151.2 million), a year earlier to 646.4 million yuan. 2019 fourth quarter net profit App main street street was 1.2469 billion yuan (about US $ 179.1 million), a year earlier to 940.5 million yuan. Beating the fourth quarter of 2019 net loss of 188.2 million yuan (about US $ 27 million), compared with a net loss of 206.4 million yuan.
Not in accordance with US GAAP measure, net profit of 1.2489 billion yuan (about US $ 179.4 million), a year earlier to 873 million yuan. Not in accordance with US GAAP measure, fourth quarter 2019 net profit App main street street was 1.3823 billion yuan (about US $ 198.6 million), compared to 1.0487 billion yuan the previous year. Not in accordance with US GAAP measure, beating the fourth quarter of 2019 net loss of 130.2 million yuan (about US $ 18.7 million), a year earlier net loss of 88.5 million yuan.
Net profit attributable to the parent company of unfamiliar street
Fourth quarter 2019 attributable to the parent company's net profit was unfamiliar street 1.0559 billion yuan (about US $ 151.7 million), a year earlier to 660.8 million yuan.
Not in accordance with US GAAP measure, net profit attributable to the parent company of unfamiliar street was 1.2525 billion yuan (about US $ 179.9 million), a year earlier to 887.4 million yuan.
Per American Depositary Share (ADS) net profit
Fourth quarter 2019 per American Depositary Share (ADS) Diluted net profit of 4.74 yuan (about $ 0.68), compared to 3.04 yuan last year. Not in accordance with US GAAP measure, per American Depositary Share (ADS) Diluted net profit of 5.61 yuan (about 0.81 US dollars), a year earlier to 4.05 yuan.
Cash and cash flow
As of December 31, 2019, unfamiliar street held cash, cash equivalents, time deposits was 14.9253 billion yuan (about US $ 2.1439 billion) as of December 31, 2018 was 11.2926 billion yuan. The fourth quarter brought net cash from operating activities in 2019 was 1.6751 billion yuan (about US $ 240.6 million), compared to 1.1634 billion yuan the previous year.
2019 Annual Results
2019 full year, unfamiliar street net revenues reached 17.0151 billion yuan (about US $ 2.4441 billion), up 27 percent from 13.4084 billion yuan a year earlier. This is mainly due to a significant increase from the broadcast service, value-added services.
2019 full-year, attributable to the parent company's net profit was unfamiliar street 2.9709 billion yuan (about US $ 426.7 million), compared to 2.8158 billion yuan the previous year.
2019 as a whole, not in accordance with US GAAP measure, attributable to the parent company's net profit was unfamiliar street 4.4933 billion yuan (about US $ 645.4 million) the previous year to 3.4621 billion yuan over the same period.
2019 full-year, per American Depositary Share (ADS) Diluted net profit of 13.52 yuan (about $ 1.94), while the previous year was 13.18 yuan.
2019 as a whole, not in accordance with US GAAP measure, per American Depositary Share (ADS) Diluted net profit of 20.26 yuan (about $ 2.91), while the previous year was 16.17 yuan.
2019 full year, net cash provided by operations was 5.4489 billion yuan (about US $ 782.7 million), compared to 3.3277 billion yuan the previous year.
Recent developments - announced special cash dividend program
Street street board of directors announced a distribution of $ 0.76 per ADS, that is distributed per ordinary share special cash dividend of 0.38 US dollars program. The cash dividend will be paid on 30 April 2020 to the still were registered after the end of 2020 April 8 trading day shareholders. Dividend date was April 7 2020. The total cash payment of approximately $ 161 million, will be paid by the company balance sheet surplus cash.
Outlook
The company expects net revenue in the first quarter of 2020, between 3.45 to 3.55 billion yuan, representing a decrease of between 7.3 to 4.6 percent. This is expected to consider the potential impact of the outbreak, reflecting the company's current preliminary views on market and business conditions, these views may change, in particular the potential impact of the epidemic on the Chinese economy.