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.
Momo Inc. (NASDAQ: MOMO) reported its second quarter 2020 financial results, showing a 6.8% decline in net revenues year-over-year, totaling RMB3,868.3 million (US$547.5 million).
Net income dropped to RMB456.4 million (US$64.6 million), down from RMB731.8 million in Q2 2019.
Monthly Active Users (MAU) fell to 111.5 million, while paying users increased to 12.8 million.
For Q3 2020, Momo anticipates total net revenues between RMB3.7 billion and RMB3.8 billion, reflecting a potential year-over-year decrease of 16.9% to 14.6%.
Momo Inc. (Nasdaq: MOMO), a leading mobile social and entertainment platform in China, will release its unaudited financial results for Q2 2020 on September 3, 2020, before U.S. markets open. Following this, management will hold an earnings conference call at 8:00 a.m. U.S. Eastern Time. Due to COVID-19, preregistration is required to participate in the call. A replay will be available until September 11, 2020. Participants can find registration details and a webcast on Momo's Investor Relations website.