Momo (NASDAQ: MOMO), the top online dating company in China, bucked the Chinese economy's slowdown in 2019 as its stock surged nearly 50% year-to-date. Should investors take some profits after that big rally, or does the stock still have room to run?
Momo's namesake app was once a social networking app, but it has since evolved into a platform for online dating and live video broadcasts. It also acquired a dedicated dating app, Tantan, last year.
Momo generated nearly three-quarters of its revenue from its live video platform last quarter. Viewers buy virtual gifts for their favorite broadcasters, then Momo splits that revenue with those content creators. The rest of its revenue comes from ads, mini-games on Momo, and paid subscriptions for Momo and Tantan's dating services.
Source Fool.com