Welcome to our dedicated page for Hello Group news (Ticker: MOMO), a resource for investors and traders seeking the latest updates and insights on Hello Group stock.
Hello Group Inc. reports recurring developments tied to its Asia-focused online social networking portfolio, including Momo, Tantan and other internally developed or acquired apps. Momo connects users through location, interests and online recreational activities, while Tantan is a social and dating application designed for romantic and broader social connections.
Company news commonly covers unaudited quarterly and annual results, earnings conference calls, ADS-based per-share metrics, paying-user trends for Momo and Tantan, value-added service revenue, overseas app growth, and annual Form 20-F reporting. Updates also reference newer portfolio apps such as Hertz, Soulchill and Happn, which target more selective user demographics and international markets.
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Hello Group Inc. (NASDAQ: MOMO) filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the U.S. Securities and Exchange Commission on April 25, 2023. This report is accessible on the Company's investor relations website and the SEC's website. Shareholders can request a hard copy of the report containing audited financial statements for free. Hello Group is a prominent mobile social and entertainment platform in China, operating applications like Momo and Tantan to enhance social connections and interactions. Momo primarily facilitates social interactions based on users' location and interests, while Tantan is focused on dating and romantic connections.
Hello Group Inc. (NASDAQ: MOMO) reported its Q4 2022 results, showing a 12.6% decline in net revenues to RMB3,212.7 million (US$465.8 million). However, net income surged to RMB398.0 million (US$57.7 million), compared to a net loss of RMB4,242.7 million in Q4 2021. Non-GAAP net income also rose to RMB487.9 million (US$70.7 million). Full-year revenues fell 12.8% to RMB12,704.2 million (US$1,841.9 million). The company expects Q1 2023 revenues to drop 15.8% to 12.6% year-over-year. A special cash dividend of US$0.72 per ADS will be paid on May 22, 2023. Key metrics showed a decrease in active users and paying users across platforms.
Hello Group Inc. (NASDAQ: MOMO) will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022, before U.S. markets open on March 16, 2023. An earnings conference call will be held on the same day at 8:00 a.m. U.S. Eastern Time. Participants can register for the call through a provided link. A telephone replay will be available until March 23, 2023. The company, a leader in China's mobile social and entertainment space, operates Momo and Tantan, platforms for social interactions and dating, aiming to foster meaningful connections among users. For further inquiries, investor relations contact details are provided.
Hello Group Inc. (NASDAQ: MOMO) reported its third-quarter 2022 results, revealing a 14% decrease in net revenues to RMB3,233.0 million (US$454.5 million) year-over-year. Despite this revenue decline, net income attributable to the company increased to RMB450.8 million (US$63.4 million), up from RMB403.2 million in Q3 2021. Monthly active users for the Momo app fell to 108.8 million, down from 115.5 million a year earlier. The company anticipates Q4 revenues between RMB3.15 billion and RMB3.25 billion, reflecting continued challenges due to COVID-19 and operational conditions.
Hello Group Inc. (NASDAQ: MOMO) will announce its unaudited financial results for Q3 2022 on December 8, 2022, prior to the market opening. An earnings conference call is scheduled for the same day at 8:00 a.m. Eastern Time. Interested participants can preregister at this link. A replay will be available until December 15, 2022. Hello Group operates Momo and Tantan, popular social and dating apps in China, facilitating user connections and social interactions.
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.