momo.com Inc., a leading e-commerce platform in Taiwan, announced its second-quarter financial results, reporting an after-tax net profit of NT$770 million (US$24.9 million) and an earnings per share (EPS) of NT$3.20. The company’s first-half net profit after tax was NT$1.677 billion (US$54.3 million), with an EPS of NT$6.98, both figures slightly lower than the same period last year.
Despite the dip in profits, momo.com’s revenue for the second quarter reached a record NT$26.66 billion (US$864 million), highlighting the company’s robust market position. Key consumer indicators, including the number of purchasing members, total transaction orders, and cumulative app downloads, continued to show steady growth, underscoring Momo’s strong consumer engagement and leading position in the local e-commerce sector.
Looking ahead, the company is optimistic about its performance in the second half of the year, anticipating increased sales during festive periods such as Chinese Valentine’s Day, Father’s Day, and the Mid-Autumn Festival. The fourth quarter is also expected to boost revenue due to traditional retail peak seasons and major shopping festivals, including Double 11 and Double 12. momo.com is poised to capitalize on these opportunities to enhance its operational results.
