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Why Momo and iQIYI Had Very Different Fates in the First Half of 2019

TheMotleyFool

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Why Momo and iQIYI Had Very Different Fates in the First Half of 2019

Gone are the days of high-in-the-sky revenue growth for Momo (NASDAQ: MOMO) and iQiyi (NASDAQ: IQ), but China's middle class continues to develop, and disposable income is on the rise. That means these two Chinese entertainment stocks still have plenty of runway left.

However, shares of Momo and iQiyi have headed in different directions this year. While Momo has seen a 54% rally in 2019 year to date, iQiyi has reversed course after a big early-year gain and is now up "only" 19% for the year. Both businesses continue to grow their top line, but it's the way they're doing it that's making all the difference.