Hello Group (MOMO) has released an update.
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Hello Group Inc., a key player in China’s online social networking sector, has reported a 12.1% decline in net revenues for Q3 2024 compared to the previous year, amounting to RMB2,674.7 million. This downturn is attributed to a decrease in active users and paying subscribers on its Momo and Tantan apps. Despite the challenges, the company remains optimistic about its strategic priorities and overseas market expansion.
For further insights into MOMO stock, check out TipRanks’ Stock Analysis page.
