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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 (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.
Hello Group Inc. (NASDAQ: MOMO) reported third-quarter 2021 results showing a 0.2% decline in net revenues year-over-year to RMB3,759.2 million (US$583.4 million). Net income attributable to the company decreased to RMB403.2 million (US$62.6 million) from RMB456.7 million in 2020. Monthly Active Users on the Momo app grew to 115.5 million in September. The company expects Q4 2021 total net revenues to range between RMB3.60 billion to RMB3.75 billion, indicating a 5.1% to 1.2% decline year-over-year.
Hello Group Inc. (NASDAQ: MOMO) will announce its third-quarter financial results for the period ending September 30, 2021, on November 30, 2021, prior to U.S. market opening. A conference call will take place on the same day at 8:00 a.m. U.S. Eastern Time. Due to COVID-19, preregistration is required to participate. After the call, a replay will be available until December 8, 2021. Hello Group is known for its mobile social and entertainment platform, which includes applications like Momo and Tantan.
Hello Group Inc. (NASDAQ: MOMO) reported its Q2 2021 financial results, revealing a 5.1% year-over-year decrease in net revenues to RMB3,671.7 million (US$568.7 million). Despite this decline, net income attributable to the Company rose to RMB464.2 million (US$71.9 million) from RMB456.4 million in Q2 2020. Non-GAAP net income fell to RMB551.0 million (US$85.3 million). Monthly active users reached 115.6 million, up from 111.5 million in June 2020. The Company forecasts Q3 revenues between RMB3.65 billion and RMB3.75 billion, indicating a potential decline of up to 3.1% year-over-year.
Hello Group Inc. (NASDAQ: MOMO), a leading mobile social and entertainment platform in China, will release its second quarter financial results for 2021 on August 26, 2021, before U.S. markets open. Management will host an earnings call at 8:00 a.m. U.S. Eastern Time, on the same day. Due to COVID-19, participants must preregister online for dial-in details. A replay will be accessible until September 3, 2021. The company operates various apps, including Momo and Tantan, facilitating social interactions and connections.
Hello Group Inc. (NASDAQ: MOMO) announced a corporate name change from Momo Inc. to Hello Group Inc., effective August 2, 2021. The company's American depositary shares, each representing two Class A ordinary shares, will begin trading under the new name on the same day. Hello Group is a significant player in China’s online social and entertainment sector, operating platforms such as Momo and Tantan, which facilitate social interactions and dating.
Momo Inc. (NASDAQ: MOMO) will hold an Extraordinary General Meeting (EGM) on August 2, 2021, at 2:00 PM Beijing Time, to approve a name change to "Hello Group Inc." This change will not impact shareholder rights or the company’s operations. The record date for eligible shareholders is July 2, 2021. The notice and proxy form are available on the company's website. Momo, a leading mobile social platform in China, connects users through various applications, including Tantan, facilitating social interactions and relationships.
Momo Inc. (NASDAQ: MOMO) reported a 3.4% decline in net revenues for Q1 2021, totaling RMB3,470.6 million (US$529.7 million). Net income dropped 14.3% year-over-year to RMB461.7 million (US$70.5 million), with diluted earnings per ADS at RMB2.14 (US$0.33). Monthly Active Users rose to 115.3 million, while total paying users slightly decreased to 12.6 million. The company anticipates Q2 revenues between RMB3.6 billion to RMB3.7 billion, reflecting a 4.3% to 6.9% year-over-year decrease.
Momo Inc. (Nasdaq: MOMO), a leading mobile social and entertainment platform in China, will release its unaudited financial results for Q1 2021 on June 8, 2021, before U.S. market opens. An earnings conference call is scheduled for the same day at 8:00 a.m. U.S. Eastern Time. Due to COVID-19, all participants must preregister online at this link to receive dial-in details. A replay of the call will be available until June 16, 2021.
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