Hello Group Inc. - American Depositary Shares (MOMO)
7.1700
0.00 (0.00%)
Hello Group Inc is a leading social networking and online dating platform based in China
The company operates various mobile applications that connect users through features such as chat, live streaming, and social gaming, aiming to facilitate interactions and foster relationships among individuals. By leveraging advanced technologies and a user-friendly interface, Hello Group creates dynamic social experiences, catering primarily to a young demographic seeking connections in both friendly and romantic contexts. With a focus on community engagement, the platform continuously evolves to enhance user experience and expand its offerings in the digital social space.
Hello Group Inc (MOMO) reported a 12.2% decline in fiscal Q4 net revenue and missed analyst estimates. Stock price fell. Monthly active users and paying users decreased.
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A shocking case of fraud and deception has emerged as authorities investigate a Las Vegas woman accused of using dating apps to lure unsuspecting men into a dangerous trap. Aurora Phelps, 43, is currently in custody in Mexico and faces multiple charges including wire fraud, identity theft, and even kidnapping.
With TikTok’s future ownership in the United States still uncertain after the Trump administration granted the app another lifeline, speculation over who will ultimately control TikTok USA is running high. The app has frequently been accused of acting against American national interests due to its aggressive data collection practices, even though it is privately owned by the Chinese firm ByteDance.
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Hello Group (NASDAQMOMO), a leading player in mainland China’s online social networking space, has scheduled the release of its fourth quarter and fiscal year 2024 financial results for March 12, 2025. The company will host an earnings conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on the same day to discuss the results.
Hello Group (NASDAQMOMO) has been assigned a consensus rating of “Hold” by six brokerage firms, with an average twelve-month price target of $8.25. The ratings comprise two “sell,” two “hold,” and two “buy” recommendations.
Key Takeaways: Hello Group’s three years of revenue declines continued in the first quarter and are accelerating as the company faces both internal and external headwinds The dating-app operator said it could soon receive a policy boost, in an apparent reference to China’s recent efforts to raise its tumbling birthrates
Hello Group (NASDAQMOMO), a key player in China’s bustling online social networking scene, recently shared its financial performance for the first quarter of 2024. The company, known for its innovative platforms that connect millions across mainland China, faced a downturn in its revenue, reporting a 9.2% decrease year over year. This dip in net revenues, which totaled about 2.56 billion RMB (approximately $354.6 million), highlights the intense competition and challenges Hello Group is navigating in its sector.
