Hello Group Q1 2024 Earnings Report

Hello Group EPS Results

• Actual EPS: $0.31
• Consensus EPS: $0.29
• Beat/Miss: Beat by +$0.02
• One Year Ago EPS: $0.28

Hello Group Revenue Results

• Actual Revenue: $2.56 billion
• Expected Revenue: $2.48 billion
• Beat/Miss: Beat by +$78.10 million
• YoY Revenue Growth: -9.20%

Hello Group Announcement Details

• Quarter: Q1 2024
• Date: 5/28/2024
• Time: Before Market Opens

Hello Group (NASDAQ:MOMO) provides mobile-based social and entertainment services in the People's Republic of China. It operates in three segments: Momo, Tantan, and QOOL. The company offers Momo, a mobile application that connects people and facilitates social interactions based on location, interests, and various online recreational activities, including live talent shows, short videos, social games, as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke and user participated reality shows; Tantan, a social and dating application; and other applications under the Hertz, Soulchill, Duidui, and Tietie names. The company also provides livestream services for various content and activities comprising talent shows, such as singing, dancing, and talk shows, as well as casual chatting, and other forms of interactions between broadcasters and viewers; value-added services; advertising and marketing services; and mobile games. The company was formerly known as Momo Inc. and changed its name to Hello Group Inc. in August 2021. Hello Group Inc. was incorporated in 2011 and is headquartered in Beijing, the People's Republic of China.