Cathy Peng | Head of IR |
Tang Yan | Executive Chairman of the Board |
Wang Li | Chief Executive Officer |
Wang Yu | Founder and Chief Executive Officer of Tantan |
Jonathan Zhang | Chief Financial Officer |
Thomas Chong | Jefferies |
Tian Hou | TH Capital |
Ladies and gentlemen, thank you for standing by, and welcome to Third Quarter 2020 Momo Incorporated Earnings Conference Call [Operator Instructions]. Please note, this conference is being recorded today. I would now like to turn the conference over to your to first speaker for today, Ms. Cathey Peng. Thank you.
operator. you, Thank thank Third and joining today us Hello, XXXX you Earnings Momo's Quarter Conference for everyone, for Call. site. The company's on Web available and today results were the released company's earlier are IR
the Mr. the Tantan; Jonathan Tang Board; On and Wang Executive Yu, Mr. Mr. Chief of guidance. company's Li, as Chief will from business and Executive will Financial Zhang, Founder today to Momo and Mr. well Yan, and Chairman Officer. highlights, Chief during session of available the be call discuss financials questions the Executive They the Momo. They Wang Officer all as your are that operations Officer answer Q&A follows. of
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some reform RMBX.XX was XXXX was total condition that core live billion, are lingering of revenue Momo's that as XXXX, of The business video the we fact the paying down within our of currently undertaking structural quarter XX% impact deteriorated high due due versus users third year-over-year as COVID. the well to from decrease to year-over-year. the For financial mainly
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Now a of deeper dive into the other aspects quarter.
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Now let me please? pass financial the call Jonathan over Jon, to a Zhang Mr. review. for
joining call you Hi, conference Thanks. everyone. for today. Thank our
briefly revenue year. financial quarter period to over RMBXXX.X down RMBX.XX decrease third income billion same for the attributable year-on-year review. RMBX.XX billion, Non-GAAP me you quarter was Let a year net XX% through million XX% X% from quarter. Total compared XXXX take Momo the over or or was to of the XXXX,
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a There the QX Such a be and level. For me assumptions the range of about core fourth will to talk to the quarter mentioning from here. two billion, year-on-year worth things XX% based X.X% revenue X.X% in on business to RMBX.XX Momo down slightly of decrease billion timing our come the quarter-over-quarter. We of estimation to of lastly let estimated that representing is decrease interest XX.X% RMBX.XX revenue are outlook.
for meaningfully base July, days month, seen QX. the been although early have daily August, in bottom during set from and as improved stabilized grossing the nonevent a a Firstly, prerestructuring high the
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there's acquisition be two, intense competition in pressure Number back the that current on change. company's Number to turn mindful cadence Cathy, discussion. order growth streaming We the put Tantan view in and let following operational are one, by portion represents marketing Q&A. temporary on purposely new to the CAthy Please dating of in call start preliminary market to impacted expansion factors. negative make the also the me growth. which live Tantan’s impact will paying to is our be earlier, the some concludes and the and team the managing user to user conditions, the ecosystem. That today's current expect two services stage sure that, mentioned pool forecast channels the nothing subject prepared as revenue has at of With ARPPU please.
operator, With ready Instructions] [Operator questions. that, for
[Operator question line of from Jefferies. Thomas Instructions] comes Chong First of from the
think versus on XXXX? revenue you. revenue XXXX? among have November, membership about is I streaming about on question in My two And in second also the is about Can we live first the trend comment questions. high the up should the initial users to Tantan. and management paying question ARPU Thank the update outlook recovery my trend how
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So answers first that's to the the question.
RMBXX of shareholders sheet, a Other sitting growing. have that the share is in the saying to You're balance cash we than Currently, number the billion buybacks. that still cash in dividends cash. close the and returning form and think, rapidly right on has, of lot I company in to
targets. leadership the course, of in the Tantan, on M&A say aggressively that any do is we as that opportunities approach one I of other promising we without tend if company's company's But future things prudent allocation, fairly potential capital in are the considering to to evaluating hesitation. that the are of as we very and front, strengthen build can terms analyzing would In M&A drivers. see the go opportunities be and going
Operator going Tantan. this next Okay. Thank We'll you. is call. be of Thank has Momo and conference interest and in for guys pretty significantly. you call of to overrun this thank It for see like end in the think this the I you you interest participating the time, quarter. seems
the you for you. that for participating. gentlemen, Thank Ladies today. concludes Thank conference and
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