Hello Group Inc Stock Price, News & Analysis

Hello Group Inc. (NASDAQ: MOMO), a leading mobile social and entertainment platform in China, announced the resignation of CEO Li Wang due to health reasons, effective immediately. Executive Chairman Yan Tang will step in as CEO while Wang continues as an executive director and president to assist in the Company’s core strategies. Hello Group operates platforms like Momo and Tantan, facilitating social interactions and connections.

Hello Group (NASDAQ: MOMO) reported Q2 2022 financial results, showing a 15.3% year-over-year revenue decline, with net revenues at RMB3,110.4 million (US$464.4 million). Net income also fell to RMB345.6 million (US$51.6 million) from RMB464.2 million in Q2 2021. The company's monthly active users dropped to 111.2 million from 115.6 million a year earlier. For H1 2022, net revenues decreased by 12.4% to RMB6,258.5 million (US$934.4 million). For Q3 2022, the company anticipates revenues between RMB3.1 billion and RMB3.2 billion, reflecting further decline due to market conditions.

Hello Group (NASDAQ: MOMO) will release its unaudited financial results for Q2 2022 on September 1, 2022, before U.S. markets open. An earnings conference call will follow at 8:00 a.m. EST (8:00 p.m. Beijing/Hong Kong). Interested participants can register for the call here. A replay will be available until September 8, 2022, with specific dial-in numbers provided for U.S./Canada and Hong Kong. More details can be found on Hello Group's Investor Relations page.

Hello Group Inc. (NASDAQ: MOMO) has announced it repurchased US$161.8 million of its 1.25% convertible senior notes due 2025 for approximately US$151.6 million plus accrued interest. This reduces the outstanding principal amount to US$544.0 million. The repurchase reflects the company's strategy to manage its debt and improve financial flexibility while enhancing shareholder value.

Hello Group Inc. (NASDAQ: MOMO) reported a 9.3% decline in net revenues, totaling RMB3,148.1 million (US$496.6 million) for Q1 2022. Net income fell to RMB289.9 million (US$45.7 million), down from RMB461.7 million year-over-year. Monthly Active Users (MAU) on its Momo app dropped to 110.9 million, while Tantan's MAU was 25.6 million. The company anticipates a further revenue decline of 14.2% to 16.9% in Q2 2022 due to ongoing challenges related to COVID-19. Additionally, Hello Group announced a US$200 million share repurchase program and a special dividend of US$0.64 per ADS.

Hello Group Inc. (NASDAQ: MOMO) announced it will release its unaudited financial results for Q1 2022 on June 7, 2022, before U.S. markets open. The earnings conference call will occur at 8:00 a.m. U.S. Eastern Time on the same day. Due to COVID-19, participants must preregister online to receive dial-in details. A replay of the call will be available until June 15, 2022. The company operates popular platforms like Momo and Tantan, focusing on enhancing social interactions and entertainment in China.

Hello Group Inc. (NASDAQ: MOMO) filed its annual report on Form 20-F for the fiscal year ended December 31, 2021. This report is available on the Company's investor relations website and via the SEC's website. Shareholders can request a free hard copy of the report, containing audited consolidated financial statements. Hello Group operates popular social and entertainment platforms in China, including Momo and Tantan, aimed at enhancing social interactions and relationship-building among users.

Hello Group (NASDAQ: MOMO) reported its Q4 and full-year 2021 financial results, with net revenues decreasing by 3.2% year-over-year to RMB3,674.2 million (US$576.6 million). A significant net loss of RMB4,242.7 million (US$665.8 million) was recorded for Q4, attributed mainly to an impairment loss of RMB4,397.0 million (US$690.0 million). Full-year revenues also fell by 3.0% to RMB14,575.7 million (US$2,287.2 million). Looking ahead, the company anticipates Q1 2022 revenues between RMB3.1 billion and RMB3.2 billion, indicating a potential decline of up to 10.7% year-over-year.

Hello Group Inc. (NASDAQ: MOMO) will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021, on March 24, 2022, before U.S. markets open. An earnings conference call will be hosted that same day at 8:00 a.m. U.S. Eastern Time. Due to COVID-19, participants must preregister online to join the call. A replay of the call will be available until April 1, 2022. Live and archived webcasts can be accessed via Hello Group's Investor Relations website.