MOMO - What's Going On With Chinese Social Media Firm Hello Group Stock Thursday? | Benzinga
Hello Group Inc (NASDAQ:MOMO) reported a fourth-quarter fiscal 2023 net revenue decline of 6.5% year-on-year to $423.0 million, beating the consensus of $405.6 million.
China’s mobile-based social and entertainment services provider reported an adjusted net income per ADS of $0.37, beating the consensus of $0.34. The stock price plunged after the results.
Drivers: Monthly Active Users (MAU) on the Tantan application were 13.7 million in December 2023, down from 18.4 million in December 2022.
Its Momo app’s total number of paying users declined from 7.8 million in Q4 fiscal 2022 to 7.4 million in Q4 fiscal 2023. Tantan had 1.2 million paying users for ...