MOMO - Beaten Down Chinese Online Social Networking Stock Hello Group's Q3 Earnings Reveal a Mixed Bag | Benzinga
Hello Group Inc (NASDAQ: MOMO) reported a third-quarter FY23 net revenue decline of 5.9% year-on-year to $417.1 million, versus the consensus of $417.2 million.
China's mobile-based social and entertainment services provider reported an adjusted net income per ADS of $0.42, versus the consensus of $0.35.
Drivers: Monthly Active Users (MAU) on the Tantan application were 15.7 million in September 2023, down from 20.9 million in September 2022.
The total number of paying users of its Momo app declined from 8.4 million in Q3 FY22 to 7.8 ...