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. (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.
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.
Momo Inc. (Nasdaq: MOMO), a top mobile social and entertainment platform in China, has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020. This report is accessible via the Company’s investor relations website and the SEC's website. Shareholders can request a hard copy of the audited consolidated financial statements at no cost. Momo enables users to forge new relationships and expand social connections through its platforms, including Tantan, a dating application acquired in May 2018.
Momo Inc. (NASDAQ: MOMO) reported its financial results for Q4 and full Year 2020. Q4 revenues fell by 19.0% year-over-year to RMB3,795.2 million (US$581.6 million), with net income down to RMB651.5 million (US$99.8 million) from RMB1,055.9 million in Q4 2019. For the full year, net revenues decreased by 11.7% to RMB15,024.2 million (US$2,302.6 million). Despite challenges, Momo announced a $0.64 special cash dividend per ADS, payable on April 30, 2021. The expected revenue for Q1 2021 ranges from RMB3.36 billion to RMB3.46 billion, reflecting a decline of 3.7% to 6.5% year-over-year.
Momo Inc. (Nasdaq: MOMO), a leading mobile social and entertainment platform in China, will announce its unaudited financial results for Q4 and full year 2020 on March 25, 2021, before U.S. markets open. An earnings conference call will take place at 8:00 a.m. ET on the same day. Due to COVID-19, preregistration is required to access the call. Participants can register online to receive dial-in details. A replay will be available until April 1, 2021. More information can be found on Momo's Investor Relations website.
Momo Inc. (NASDAQ: MOMO) reported its third-quarter 2020 results, revealing a 15.4% decline in net revenues to RMB3,766.7 million (US$554.8 million). Net income dropped to RMB456.7 million (US$67.3 million) compared to RMB893.9 million in Q3 2019. Non-GAAP net income also decreased from RMB1,088.1 million to RMB653.8 million. Monthly Active Users decreased slightly to 113.6 million, and the company expects Q4 revenues to fall by 20%-22% year-over-year. Despite challenges, the CEO noted improvements in the content ecosystem supportive of future growth.
Momo Inc. (Nasdaq: MOMO), a leading mobile social and entertainment platform in China, will release its unaudited financial results for Q3 2020 on December 1, 2020, before U.S. markets open. An earnings conference call will be held on the same day at 8:00 a.m. U.S. Eastern Time. Due to COVID-19, participants must preregister online to receive dial-in details. A replay of the call will be available until December 9, 2020. Momo continues to connect users through various entertainment features, enhancing social interactions across its platforms.
Momo Inc. (Nasdaq: MOMO) announced a leadership change, with Li Wang being promoted to Chief Executive Officer effective November 1, 2020. Previously the President and Chief Operating Officer, Wang has been with the company since its founding in 2011. Yan Tang will transition to the role of executive chairman, continuing to influence Momo's strategic direction. This change marks a significant shift in leadership, with expectations of enhanced operational execution and innovation within the company.
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.
FAQ
What is the current stock price of Hello Group (MOMO)?
What is the market cap of Hello Group (MOMO)?
What does Hello Group Inc. do?
How does Hello Group Inc. generate revenue?
What are Hello Group Inc.'s major applications?
What was Hello Group Inc.'s financial performance in Q2 2023?
What is the inSpaze app?
How does Hello Group Inc. support shareholder value?
How can I access Hello Group Inc.'s financial reports?
When was Hello Group Inc. founded?
What markets does Hello Group Inc. serve?
What is Hello Group Inc.'s ticker symbol and where is it listed?
