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Form 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2019

Commission File Number: 001-36765

Momo Inc.

20^th Floor, Block B

Tower 2, Wangjing SOHO

No.1 Futongdong Street

Chaoyang District, Beijing 100102

People’s Republic of China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Momo Inc.

By:		/s/ Jonathan Xiaosong Zhang
Name:		Jonathan Xiaosong Zhang
Title:		Chief Financial Officer

Date: March 12, 2019

Exhibit Index

Exhibit 99.1—Press Release

EX-99.1

Exhibit 99.1

Momo Announces Unaudited Financial Results for the Fourth Quarter and Fiscal Year 2018

BEIJING, CHINA, March 12, 2019 – Momo Inc. (NASDAQ: MOMO) (“Momo” or the “Company”), a leading mobile social networking platform in China, today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2018.

Starting from the fourth quarter of 2018, the Company changed its reporting currency from U.S.dollar (“US$”) to Renminbi (“RMB”), to reduce the impact of increased volatility of the RMB toUS$ exchange rate on the Company’s reported operating results. The aligning of the reportingcurrency with the underlying operations will better depict the Company’s results of operations foreach period. This release contains translations of certain RMB amounts into US$ for convenience*. Prior period numbers have been recast into the new reporting currency.

Fourth Quarter of 2018 Highlights

•

Net revenues increased 50% year over year to RMB3,843.9 million (US$559.1 million) in the fourth quarter of 2018.

•

Net income attributable to Momo Inc. increased to RMB660.8 million (US$96.1 million) in the fourth quarter of 2018 from RMB644.8 million in the same period of 2017.

•

Non-GAAP net income attributable to Momo Inc. (note 1) increased 22% to RMB887.4 million (US$129.1 million) in the fourth quarter of 2018 from RMB727.4 million in the same period of 2017.

•

Diluted net income per American Depositary Share (“ADS”) was RMB3.04 (US$0.44), compared to RMB3.10 in the same period of 2017.

•

Non-GAAP diluted net income per ADS (note 1) was RMB4.05 (US$0.59), compared to RMB3.49 in the same period of 2017.

•

Monthly Active Users (“MAU”) on Momo application were 113.3 million in December 2018, compared to 99.1 million in December 2017.

•

Total paying users of our live video service and value-added service, without double counting the overlap, including 3.9 million paying users of Tantan Limited (“Tantan”), were 13.0 million for the fourth quarter of 2018, compared to 7.8 million for the fourth quarter of 2017.

Full Year 2018 Highlights

•

Net revenues increased 51% year over year to RMB13,408.4 million (US$1,950.2 million) for the full year of 2018.

•

Net income attributable to Momo Inc. was RMB2,815.8 million (US$409.5 million) for the full year of 2018, compared with RMB2,148.1 million for 2017.

•

Non-GAAP net income attributable to Momo Inc. (note 1) was RMB3,462.1 million (US$503.5 million) for the full year of 2018, compared with RMB2,483.1 million for 2017.

•

Diluted net income per ADS was RMB13.18 (US$1.92) for the full year of 2018, compared with RMB10.35 for 2017.

•

Non-GAAP diluted net income per ADS (note 1) was RMB16.17 (US$2.35) for the full year of 2018, compared with RMB11.96 for 2017.

*	Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB 6.8755 to US$1.00, the effective noon buying rate for December 31, 2018 as set forth in the H.10 statistical release of the Federal Reserve Board.

“Q4 was a solid quarter, closing out a fruitful year of 2018.” Commented Yan Tang, Chairman and CEO of Momo. “I am pleased with the progress we made in 2018 in product innovation, monetization, financial performance and the strengthening of the Company’s position as a leading player in China’s open social space. We look forward to delivering more results to our shareholders in 2019.”

Fourth Quarter of 2018 Financial Results

Net revenues

Total net revenues were RMB3,843.9 million (US$559.1 million) in the fourth quarter of 2018, an increase of 50% from RMB2,554.9 million in the fourth quarter of 2017.

Live video service revenues were RMB2,959.2 million (US$430.4 million) in the fourth quarter of 2018, an increase of 36% from RMB2,169.0 million during the same period of 2017. The growth in live video revenues was contributed by the increase in quarterly paying users, as well as the increase in average revenues per paying user per quarter.

Value-added service revenues mainly include membership subscription revenues and virtual gift revenues. The total value-added service revenues were RMB722.4 million (US$105.1 million) in the fourth quarter of 2018, an increase of 272% from RMB194.3 million during the same period of 2017. The year-over-year increase was primarily attributable to the continued growth of the virtual gift business on the Momo application driven by more paying use cases introduced to enhance the social experience of Momo users, and to a lesser extent, the consolidation of Tantan’s membership subscription revenues for the whole fourth quarter of 2018.

Mobile marketing revenues were RMB 122.1 million (US$17.8 million) in the fourth quarter of 2018, a decrease of 15% from RMB144.4 million during the same period of 2017. The decrease in mobile marketing revenues was driven by the decreased demand from our advertising and marketing customers.

Mobile games revenues were RMB25.5 million (US$3.7 million) in the fourth quarter of 2018, a decrease of 44% from RMB45.6 million in the fourth quarter of 2017. The decrease in game revenues was mainly due to the continued decrease in quarterly paying users.

Revenues from other services in the fourth quarter of 2018 mainly consisted of revenues from Phanta City, a TV variety show co-produced by the Company.

Cost and expenses

Cost and expenses were RMB3,195.7 million (US$464.8 million) in the fourth quarter of 2018, an increase of 65% from RMB1,939.5 million in the fourth quarter of 2017. The increase was primarily attributable to: (a) an increase in revenue sharing with the broadcasters related to our live video service and virtual gift recipients; (b) an increase in marketing and promotional expenses to enhance our brand awareness and attract users; (c) an increase in personnel related costs including share-based compensation expenses as a result of the Company’s rapidly expanding talent pool; (d) an increase in fees to payment channels resulting from a higher volume of cash collection through such channels; and (e) an increase in amortization expenses related to the intangible assets from business acquisitions.

Non-GAAP cost and expenses (note 1) were RMB2,959.6 million (US$430.5 million) in the fourth quarter of 2018, an increase of 59% from RMB1,856.9 million during the same period of 2017.

Other operating income

Other operating income was RMB141.4 million (US$20.6 million) in the fourth quarter of 2018, a significant increase from RMB92.6 million during the fourth quarter of 2017. The increase was mainly due to more government incentives received in the fourth quarter of 2018.

Income from operations

Income from operations was RMB789.6 million (US$114.8 million) in the fourth quarter of 2018, compared to RMB708.1 million during the same period of 2017.

Non-GAAP income from operations (note 1) was RMB1,025.7 million (US$149.2 million) in the fourth quarter of 2018, compared to RMB790.6 million during the same period of 2017.

Income tax expenses

Income tax expenses were RMB183.3 million (US$26.7 million) in the fourth quarter of 2018 and increased from RMB126.0 million in the fourth quarter of 2017. The increase was mainly because we generated higher profit in the fourth quarter of 2018.

Net income attributable to Momo Inc.

Net income attributable to Momo Inc. was RMB660.8 million (US$96.1 million) in the fourth quarter of 2018, compared to RMB644.8 million during the same period of 2017.

Non-GAAP net income (note 1) attributable to Momo Inc. was RMB887.4 million (US$129.1 million) in the fourth quarter of 2018, compared to RMB727.4 million during the same period of 2017.

Net income per ADS

Diluted net income per ADS was RMB3.04 (US$0.44) in the fourth quarter of 2018, compared to RMB 3.10 in the fourth quarter of 2017.

Non-GAAP diluted net income per ADS (note 1) was RMB4.05 (US$0.59) in the fourth quarter of 2018, compared to RMB3.49 in the fourth quarter of 2017.

Cash and cash flow

As of December 31, 2018, Momo’s cash, cash equivalents, term deposits and short-term investment totaled RMB11,292.6 million (US$1,642.4 million), compared to RMB6,904.7 million as of December 31, 2017. Net cash provided by operating activities in the fourth quarter of 2018 was RMB1,163.4 million (US$169.2 million), compared to RMB790.8 million in the fourth quarter of 2017.

Full Year 2018 Financial Results

Net revenues for the full year of 2018 were RMB13,408.4 million (US$1,950.2 million), an increase of 51% from RMB8,886.4 million in the same period of 2017, primarily driven by the significant increase in net revenues from live video service and value-added service.

Net income attributable to Momo Inc. was RMB2,815.8 million (US$409.5 million) in the full year of 2018, compared to RMB2,148.1 million during the same period of 2017.

Non-GAAP net income attributable to Momo Inc. (note 1) was RMB3,462.1 million (US$503.5 million) in the full year of 2018, compared to RMB2,483.1 million during the same period of 2017.

Diluted net income per ADS was RMB13.18 (US$1.92) during the full year of 2018, compared to RMB10.35 in the same period of 2017.

Non-GAAP diluted net income per ADS (note 1) was RMB16.17 (US$2.35) during the full year of 2018, compared to RMB11.96 in the same period of 2017.

Net cash provided by operating activities was RMB3,327.7 million (US$484.0 million) during the full year of 2018, compared to RMB2,886.1 million in the same period of 2017.

Recent Development - Declaration of Special Cash Dividend

Momo’s board of directors has declared a special cash dividend in the amount of US$0.62 per ADS, or US$0.31 per ordinary share. The cash dividend will be paid on April 30, 2019 to shareholders of record at the close of business on April 5, 2019. The ex-dividend date will be April 4, 2019. The aggregate amount of cash dividends to be paid is approximately US$128 million, which will be funded by surplus cash on the Company’s balance sheet.

Business Outlook

For the first quarter of 2019, the Company expects total net revenues to be between RMB3.55 billion to RMB3.65 billion, representing an increase of 28% to 32% year over year, on a constant currency basis. The Company is not providing the business outlook in USD terms due to the recent volatility and uncertainty in foreign exchange rate. These estimates reflect the Company’s current and preliminary view, which is subject to change.

Note 1: Non-GAAP measures

To supplement our consolidated financial statements presented in accordance with U.S. generally accepted accounting principles (“GAAP”), we use various non-GAAP financial measures that are adjusted from the most comparable GAAP results to exclude share-based compensation and amortization of intangible assets from business acquisitions, and tax impacts related to the amortization of intangible assets from business acquisitions.

Reconciliations of our non-GAAP financial measures to our U.S. GAAP financial measures are shown in tables at the end of this earnings release, which provide more details about the non-GAAP financial measures.

Our non-GAAP financial information is provided as additional information to help investors compare business trends among different reporting periods on a consistent basis and to enhance investors’ overall understanding of the historical and current financial performance of our continuing operations and our prospects for the future. Our non-GAAP financial information should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to the GAAP results. In addition, our calculation of the non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited.

Our non-GAAP information (including non-GAAP cost and operating expenses, income from operations, net income attributable to Momo Inc., and diluted net income per ADS) is adjusted from the most comparable GAAP results to exclude share-based compensation, amortization of intangible assets from business acquisitions, and tax impacts related to the amortization of intangible assets from business acquisitions. A limitation of using these non-GAAP financial measures is that share-based compensation, amortization of intangible assets from business acquisitions and tax impacts related to the amortization of intangible assets from business acquisitions have been and will continue to be for the foreseeable future a significant recurring expense in our results of operations. We compensate for these limitations by providing reconciliations of our non-GAAP measures to our U.S. GAAP measures. Please see the reconciliation tables at the end of this earnings release.

Conference Call

Momo’s management will host an earnings conference call on Tuesday, March 12, 2019, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on March 12, 2019).

Dial-in details for the earnings conference call are as follows:

International: +65-6713-5090

U.S. Toll Free: +1-866-519-4004

Hong Kong Toll Free: 800-906601

Mainland China: 4006-208038

Passcode: Momo

Please dial in 15 minutes before the call is scheduled to begin.

A telephone replay of the call will be available after the conclusion of the conference call through 8:00 a.m. U.S. Eastern Time, March 20, 2019. The dial-in details for the replay are as follows:

International: +61-2-8199-0299

U.S. Toll Free: +1-855-452-5696

Passcode: 3573546

Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of Momo’s website at http://ir.immomo.com.

About Momo

Momo is a leading mobile social networking platform in China. Momo connects people in a personal and lively way through a revolutionary mobile-based social networking platform. With powerful and precise location-based features, Momo enables users to connect with each other and expand relationships from online to offline. Momo’s platform includes the Momo mobile application and a variety of related features, functionalities, tools and services that it provides to users, customers and platform partners. Leveraging its social interest graph engine and analysis of user behavior data, Momo is able to provide users a customized experience based on their social preferences and needs. Momo users can maintain and strengthen their relationships through private and group communication tools, content creation and sharing functions, as well as the offline social activities promoted on Momo’s platform. Momo users are also able to enjoy live video on our platform. In addition, in May 2018, Momo completed its acquisition of Tantan, a leading social and dating app for the younger generation. Tantan, whose primary users consist of young Chinese singles, is designed to help its users find and establish romantic connections, as well as meet interesting people.

For investor and media inquiries, please contact:

Momo Inc.

Investor Relations

Phone: +86-10-5731-0538

Email: ir@immomo.com

Christensen

In China

Mr. Christian Arnell

Phone: +86-10- 5900-1548

E-mail: carnell@christensenir.com

In US

Ms. Linda Bergkamp

Phone: +1-480-614-3004

Email: lbergkamp@christensenir.com

Safe Harbor Statement

This news release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include but are not limited to our management quotes and our financial outlook for the first quarter of 2019.

Our forward-looking statements are not historical facts but instead represent only our belief regarding expected results and events, many of which, by their nature, are inherently uncertain and outside of our control. Our actual results and other circumstances may differ, possibly materially, from the anticipated results and events indicated in these forward-looking statements. Announced results for the fourth quarter and full year of 2018 are preliminary, unaudited and subject to audit adjustment. In addition, we may not meet our financial outlook for the first quarter of 2019 and may be unable to grow our business in the manner planned. We may also modify our strategy for growth. In addition, there are other risks and uncertainties that could cause our actual results to differ from what we currently anticipate, including those relating to our ability to retain and grow our user base, our ability to attract and retain sufficiently trained professionals to support our operations, and our ability to anticipate and develop new services and enhance existing services to meet the demand of our users or customers. For additional information on these and other important factors that could adversely affect our business, financial condition, results of operations, and prospects, please see our filings with the U.S. Securities and Exchange Commission.

All information provided in this press release and in the attachments is as of the date of the press release. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, after the date of this release, except as required by law. Such information speaks only as of the date of this release.

Momo Inc.

Unaudited Condensed Consolidated Statement of Operations

(All amounts in thousands, except share and per share data)


	Three months									Year
	ended December 31									ended December 31
	2017			2018			2018			2017			2018			2018
	RMB			RMB			US$			RMB			RMB			US$
Net revenues:
Live video service		2,168,998			2,959,222			430,401			7,429,906			10,709,491			1,557,631
Value-added service		194,287			722,414			105,071			695,798			1,883,150			273,893
Mobile marketing		144,360			122,143			17,765			514,279			500,321			72,769
Mobile games		45,569			25,502			3,709			241,388			130,392			18,965
Other services		1,722			14,635			2,128			5,019			185,067			26,916

Total net revenues		2,554,936			3,843,916			559,074			8,886,390			13,408,421			1,950,174
Cost and expenses:
Cost of revenues		(1,323,876	)		(2,099,265	)		(305,325	)		(4,373,377	)		(7,182,897	)		(1,044,709	)
Research and development		(124,056	)		(243,499	)		(35,415	)		(346,144	)		(760,644	)		(110,631	)
Sales and marketing		(374,436	)		(618,268	)		(89,923	)		(1,467,376	)		(1,812,262	)		(263,583	)
General and administrative		(117,124	)		(234,700	)		(34,136	)		(422,005	)		(640,023	)		(93,087	)

Total cost and expenses		(1,939,492	)		(3,195,732	)		(464,799	)		(6,608,902	)		(10,395,826	)		(1,512,010	)
Other operating income		92,634			141,420			20,569			156,764			253,697			36,899

Income from operations		708,078			789,604			114,844			2,434,252			3,266,292			475,063
Interest income		47,785			89,766			13,056			145,568			272,946			39,698
Interest expense		—			(19,646	)		(2,857	)		—			(56,503	)		(8,218	)
Impairment loss on long-term investments		—			(43,200	)		(6,283	)		(30,085	)		(43,200	)		(6,283	)

Income before income tax and share of income on equity method investments		755,863			816,524			118,760			2,549,735			3,439,535			500,260
Income tax expenses		(125,956	)		(183,338	)		(26,665	)		(445,001	)		(699,648	)		(101,760	)

Income before share of income on equity method investments		629,907			633,186			92,095			2,104,734			2,739,887			398,500
Share of income on equity method investments		13,398			13,221			1,923			39,729			48,660			7,077

Net income		643,305			646,407			94,018			2,144,463			2,788,547			405,577

Less: net loss attributable to non-controlling interest		(1,498	)		(14,430	)		(2,100	)		(3,635	)		(27,228	)		(3,960	)

Net income attributable to Momo Inc.		644,803			660,837			96,118			2,148,098			2,815,775			409,537

Net income per share attributable to ordinary shareholders
Basic		1.62			1.60			0.23			5.44			6.92			1.01
Diluted		1.55			1.52			0.22			5.17			6.59			0.96
Weighted average shares used in calculating net income per ordinary share
Basic		397,753,884			413,732,538			413,732,538			394,549,323			407,009,875			407,009,875
Diluted		416,371,383			447,773,521			447,773,521			415,265,078			433,083,643			433,083,643

Momo Inc.

Unaudited Condensed Consolidated Statement of Comprehensive Income

(All amounts in thousands, except share and per share data)


	Three months									Year
	ended December 31									ended December 31
	2017			2018			2018			2017			2018			2018
	RMB			RMB			US$			RMB			RMB			US$
Net income		643,305			646,407			94,018			2,144,463			2,788,547			405,577
Other comprehensive income (loss), net of tax of nil
Foreign currency translation adjustment		(53,534	)		5,171			752			(155,368	)		198,654			28,893

Comprehensive income		589,771			651,578			94,770			1,989,095			2,987,201			434,470
Less: comprehensive loss attributed to the non-controlling interest		(1,498	)		(14,535	)		(2,114	)		(3,635	)		(24,613	)		(3,580	)

Comprehensive income attributable to Momo Inc. shareholders		591,269			666,113			96,884			1,992,730			3,011,814			438,050

Momo Inc.

Unaudited Condensed Consolidated Balance Sheets

(All amounts in thousands, except share and per share data)


	December 31 2017 RMB		December 31 2018 RMB		December 31 2018 US$
Assets
Current assets
Cash and cash equivalents		4,462,194		2,468,034		358,961
Term deposits		2,432,016		8,824,610		1,283,486
Short-term investment		10,500		—		—
Accounts receivable, net of allowance for doubtful accounts of RMB585 and RMB nil as of December 31, 2017 and 2018, respectively		257,633		719,606		104,662
Prepaid expenses and other current assets		538,182		620,979		90,318
Amount due from related parties		33,460		—		—

Total current assets		7,733,985		12,633,229		1,837,427
Property and equipment, net		258,704		387,532		56,364
Intangible assets		48,553		1,036,986		150,823
Rental deposits		17,249		24,192		3,519
Long term investments		288,471		447,465		65,081
Deferred tax assets		46,825		57,786		8,405
Other non-current assets		55,271		71,519		10,402
Goodwill		22,130		4,306,829		626,402

Total assets		8,471,188		18,965,538		2,758,423

Liabilities and equity
Current liabilities
Accounts payable		484,945		718,362		104,481
Deferred revenue		422,028		441,892		64,271
Accrued expenses and other current liabilities		571,333		846,710		123,148
Amount due to related parties		37,760		82,948		12,064
Income tax payable		175,887		137,090		19,939
Deferred consideration in connection with business acquisitions		—		469,274		68,253

Total current liabilities		1,691,953		2,696,276		392,156
Deferred tax liabilities		12,138		259,247		37,706
Convertible Senior Notes		—		4,877,116		709,347
Share-based compensation liability		—		86,767		12,620
Other non-current liabilities		14,997		23,273		3,385

Total liabilities		1,719,088		7,942,679		1,155,214
Shareholder’s equity (Note a)		6,752,100		11,022,859		1,603,209

Total liabilities and shareholder’s equity		8,471,188		18,965,538		2,758,423

Note a: As of December 31, 2018, the number of ordinary shares issued and outstanding was 413,876,480.

Momo Inc.

Unaudited Condensed Consolidated Statement of Cash Flows

(All amounts in thousands, except share and per share data)


	Three months ended December 31									Year ended December 31
	2017 RMB			2018 RMB			2018 US$			2017 RMB			2018 RMB			2018 US$
Cash flows from operating activities:
Net income		643,305			646,407			94,018			2,144,463			2,788,547			405,577
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment		25,906			42,244			6,144			78,885			148,238			21,560
Amortization of intangible assets		1,735			39,522			5,748			4,784			93,030			13,531
Share-based compensation		82,563			198,013			28,800			334,973			580,813			84,476
Share of income on equity method investments		(13,398	)		(13,221	)		(1,923	)		(39,729	)		(48,660	)		(7,077	)
Impairment loss on long-term investments		—			43,200			6,283			30,085			43,200			6,283
Impairment loss on intangible assets		1,266			—			—			1,266			—			—
Loss(income) on disposal of property and equipment		128			(44	)		(6	)		112			(1,283	)		(187	)
Provision of allowance for doubtful accounts		—			—			—			585			(585	)		(85	)
Changes in operating assets and liabilities:
Accounts receivable		(49,685	)		(84,973	)		(12,359	)		(7,725	)		(440,644	)		(64,089	)
Prepaid expenses and other current assets		(150,633	)		14,190			2,064			(306,838	)		(67,304	)		(9,789	)
Amount due from related parties		(25,948	)		56			8			(32,846	)		33,463			4,867
Rental deposits		(810	)		(4,062	)		(591	)		(10,902	)		(3,817	)		(555	)
Deferred tax assets		(45,383	)		(39,874	)		(5,799	)		(44,883	)		(10,961	)		(1,594	)
Other non-current assets		7,119			(670	)		(97	)		(5,234	)		(45,534	)		(6,623	)
Accounts payable		(1,206	)		(18,987	)		(2,762	)		174,290			233,713			33,992
Income tax payable		91,525			81,097			11,795			152,277			(38,791	)		(5,642	)
Deferred revenue		113,197			12,470			1,814			135,443			(14,249	)		(2,072	)
Accrued expenses and other current liabilities		156,071			235,104			34,194			292,054			51,903			7,549
Amount due to related parties		(41,941	)		25,349			3,687			(16,070	)		43,024			6,258
Deferred tax liability		(343	)		(9,547	)		(1,389	)		(969	)		(22,923	)		(3,334	)
Other non-current liabilities		(2,653	)		(2,915	)		(424	)		2,086			6,538			951

Net cash provided by operating activities		790,815			1,163,359			169,205			2,886,107			3,327,718			483,997

Momo Inc.

Unaudited Condensed Consolidated Statement of Cash Flows

(All amounts in thousands, except share and per share data)


	Three months									Year
	ended December 31									ended December 31
	2017			2018			2018			2017			2018			2018
	RMB			RMB			US$			RMB			RMB			US$
Cash flows from investing activities:
Purchase of property and equipment		(86,183	)		(81,243	)		(11,816	)		(218,627	)		(242,843	)		(35,320	)
Proceeds from disposal of property and equipment		1			4			1			59			2,214			322
Payment for long term investments		(20,000	)		(3,000	)		(436	)		(53,928	)		(65,125	)		(9,472	)
Prepayment of long term investments		(50,000	)		(8,000	)		(1,164	)		(50,000	)		(55,000	)		(7,999	)
Payment for acquired intangible assets		—			—			—			(18,979	)		—			—
Payment for business acquisition		—			(40,632	)		(5,910	)		—			(3,318,841	)		(482,705	)
Purchase of term deposits		(480,645	)		(5,300,000	)		(770,853	)		(4,028,058	)		(20,287,302	)		(2,950,666	)
Cash received on maturity of term deposits		882,645			4,600,000			669,042			4,191,859			13,922,393			2,024,928
Payment for short term investments		(10,000	)		(103,000	)		(14,981	)		(15,700	)		(457,200	)		(66,497	)
Cash received from sales of short term investment		5,200			218,000			31,707			5,200			467,700			68,024

Net cash provided by (used in) investing activities		241,018			(717,871	)		(104,410	)		(188,174	)		(10,034,004	)		(1,459,385	)
Cash flows from financing activities:
Proceeds from exercise of options		680			1			—			3,839			5,313			773
Deferred payment of purchase of property and equipment		—			(157	)		(23	)		(1,496	)		(8,562	)		(1,245	)
Capital contribution from non-controlling interest shareholder		—			12			2			490			12			2
Proceeds from bank loan		—			—			—			—			1,913,190			278,262
Repayment of bank loan		—			—			—			—			(2,041,680	)		(296,950	)
Proceeds from issuance of convertible notes, net of issuance cost of RMB113,673		—			—			—			—			4,820,387			701,096
Payment of issuance cost of convertible notes		—			(709	)		(103	)		—			(709	)		(103	)

Net cash provided by (used in) financing activities		680			(853	)		(124	)		2,833			4,687,951			681,835
Effect of exchange rate changes		(8,207	)		1,439			208			(26,840	)		24,175			3,515

Net increase (decrease) in cash, cash equivalents, and restricted cash		1,024,306			446,074			64,879			2,673,926			(1,994,160	)		(290,038	)
Cash, cash equivalents, and restricted cash at beginning of period		3,437,888			2,021,960			294,082			1,788,268			4,462,194			648,999

Cash, cash equivalents, and restricted cash at end of period		4,462,194			2,468,034			358,961			4,462,194			2,468,034			358,961

Momo Inc.

Reconciliation of Non-GAAP financial measures to comparable GAAP measures

(All amounts in thousands, except per share data)

1.	Reconciliation of Non-GAAP cost and operating expenses, income from operations, and net income to comparable GAAP measures.


	Three months								Three months													Three months
	ended December 31, 2017								ended December 31, 2018													ended December 31, 2018
	GAAP RMB			Share- based compensation RMB		Non-GAAP RMB			GAAP RMB			Amortization of intangible assets from business acquisitions RMB		Share- based compensation RMB		Tax impacts(a) RMB			Non-GAAP RMB			GAAP US$			Amortization of intangible assets from business acquisitions US$		Share- based compensation US$		Tax impacts(a) US$			Non- GAAP US$
Cost of revenues		(1,323,876	)		4,160		(1,319,716	)		(2,099,265	)		18,471		5,498		—			(2,075,296	)		(305,325	)		2,686		800		—			(301,839	)

Research and development		(124,056	)		17,028		(107,028	)		(243,499	)		2,345		47,215		—			(193,939	)		(35,415	)		341		6,867		—			(28,207	)
Sales and marketing		(374,436	)		20,645		(353,791	)		(618,268	)		17,273		43,707		—			(557,288	)		(89,923	)		2,512		6,357		—			(81,054	)

General and administrative		(117,124	)		40,730		(76,394	)		(234,700	)		—		101,593		—			(133,107	)		(34,136	)		—		14,776		—			(19,360	)

Cost and operating expenses		(1,939,492	)		82,563		(1,856,929	)		(3,195,732	)		38,089		198,013		—			(2,959,630	)		(464,799	)		5,539		28,800		—			(430,460	)

Income from operations		708,078			82,563		790,641			789,604			38,089		198,013		—			1,025,706			114,844			5,539		28,800		—			149,183
Net income attributable to Momo Inc.		644,803			82,563		727,366			660,837			38,089		198,013		(9,522	)		887,417			96,118			5,539		28,800		(1,385	)		129,072

Momo Inc.

Reconciliation of Non-GAAP financial measures to comparable GAAP measures

(All amounts in thousands, except per share data)


	Year								Year													Year
	ended December 31, 2017								ended December 31, 2018													ended December 31, 2018
	GAAP RMB			Share- based compen sation RMB		Non- GAAP RMB			GAAP RMB			Amortization of intangible assets from business acquisitions RMB		Share- based compensation RMB		Tax impacts(a) RMB			Non- GAAP RMB			GAAP US$			Amortization of intangible assets from business acquisitions US$		Share- based compensation US$		Tax impacts(a) US$			Non- GAAP US$
Cost of revenues		(4,373,377	)		13,547		(4,359,830	)		(7,182,897	)		42,336		21,661		—			(7,118,900	)		(1,044,709	)		6,158		3,150		—			(1,035,401	)

Research and development		(346,144	)		59,190		(286,954	)		(760,644	)		5,375		152,806		—			(602,463	)		(110,631	)		782		22,225		—			(87,624	)
Sales and marketing		(1,467,376	)		79,032		(1,388,344	)		(1,812,262	)		39,589		142,927		—			(1,629,746	)		(263,583	)		5,758		20,788		—			(237,037	)

General and administrative		(422,005	)		183,204		(238,801	)		(640,023	)		—		263,419		—			(376,604	)		(93,087	)		—		38,313		—			(54,774	)

Cost and operating expenses		(6,608,902	)		334,973		(6,273,929	)		(10,395,826	)		87,300		580,813		—			(9,727,713	)		(1,512,010	)		12,698		84,476		—			(1,414,836	)

Income from operations		2,434,252			334,973		2,769,225			3,266,292			87,300		580,813		—			3,934,405			475,063			12,698		84,476		—			572,237
Net income attributable to Momo Inc.		2,148,098			334,973		2,483,071			2,815,775			87,300		580,813		(21,823	)		3,462,065			409,537			12,698		84,476		(3,174	)		503,537

(a)	Includes tax impacts related to the amortization of intangible assets from business acquisition. There is no tax impact related to share-based compensation.