2023-06-06 05:06:41 ET
- Hello Group press release ( NASDAQ: MOMO ): Q1 Non-GAAP EPADS of $0.34 beats by $0.06 .
- Revenue of $410.5M (-10.5% Y/Y) beats by $21.98M .
- Monthly Active Users on Momo application were 106.5 million in March 2023, compared to 110.9 million in March 2022.
- MAU on Tantan application were 19.5 million in March 2023, compared to 25.6 million in March 2022.
- For the Momo app total paying users was 7.8 million for the first quarter of 2023, compared to 8.6 million for the same period last year.
- Tantan had 1.6 million paying users for the first quarter of 2023 compared to 2.4 million from the year ago period.
- Outlook: For the second quarter of 2023, the Company expects total net revenues to be between RMB3.0 billion to RMB3.1 billion, representing a decrease of 3.5% to 0.3% year over year.
For further details see:
Hello Group beats top and bottom line estimates; initiates Q2 outlook