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Hello Group Inc. (NASDAQ: MOMO) is a major player in China's online social and entertainment industry. Originally founded in 2011 as Beijing Momo Technology Company Limited, the company has grown significantly, becoming a listed entity on the Nasdaq Stock Market in 2014. Hello Group is dedicated to fostering social connections through its mobile-based social networking services, allowing users to build and expand relationships based on location and interests.
Hello Group’s primary platform includes the Momo mobile application, which facilitates social interactions through various features like live video services, value-added services, mobile marketing services, and mobile games. The company operates in three main segments: Momo's service lines, Tantan's service lines, and QOOL's service lines. The Momo segment generates the bulk of the company's revenue, encompassing live video and other interactive options that attract and retain users effectively.
The company also owns Tantan, a leading social and dating application acquired in May 2018. Tantan helps users find romantic connections and meet new people. Additionally, Hello Group has introduced several other apps targeting niche markets and selective demographics, such as Hertz, SoulChill, Duidui, TieTie, and inSpaze.
Financially, Hello Group has demonstrated resilience and adaptability. In the second quarter of 2023, the company reported net revenues of RMB 3,137.7 million (US$ 432.7 million), with live video services contributing significantly to this figure. Despite economic challenges, the company has maintained a solid financial footing and continues to improve profitability through cost control and strategic initiatives.
Recent developments highlight Hello Group's commitment to innovation. In February 2024, the company launched inSpaze, a native immersive social app for Apple Vision Pro in the U.S., leveraging advanced technologies like 3D interaction and spatial computing. This reflects Hello Group's continuous efforts to expand its user base and explore new markets globally.
Investors can access more detailed financial reports and documents on the company’s investor relations website or the SEC’s website. The company also engages in repurchase programs and issues special cash dividends, demonstrating its commitment to returning value to shareholders.
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.
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.
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