2023-05-04 17:40:30 ET
- Momentive press release ( NASDAQ: MNTV ): Q1 Non-GAAP EPS of $0.08 beats by $0.03 .
- Revenue of $118.82M (+1.6% Y/Y) misses by $0.13M .
- Deferred revenue was $216.5 million, flat year-over-year.
- Paying users totaled approximately 878,600, a decrease of 2% from roughly 894,400 in Q1 2022.
- Average revenue per user was approximately $546, up 2% from approximately $535 in Q1 2022.
- In light of the Company's transaction with Symphony Technology Group, MNTV is not providing financial guidance for Q2 2023 and full year 2023.
For further details see:
Momentive reports Q1 results