The earnings call reflects a mixed sentiment with notable growth in overseas markets and standalone new apps, but significant declines in the core Momo app and Tantan revenues, as well as overall group revenue. Although there are strategic plans to mitigate these challenges, the current outlook remains cautious with a focus on profitability and cost optimization.
Company Guidance
During the fourth quarter and fiscal year 2024 earnings conference call for Hello Group Inc., significant financial metrics were disclosed. For Q4, the total group revenue was RMB2.64 billion, reflecting a 12% year-over-year decrease. The adjusted operating income for this period was RMB280 million, with a margin of 10.6%. Excluding RMB94 million in film production-related expenses, the adjusted operating income would have been RMB374 million with a margin of 14.2%. Revenue from the Momo app and standalone new apps decreased by 11% year-over-year to RMB2.42 billion, mainly due to an 18% decline in the Momo app's revenue, which was a result of proactive product adjustments and a weak macro economy. However, the standalone new app revenue increased by 37%. The Tantan app saw a 22% drop in Q4 revenue, totaling RMB213 million. Overall, total group revenue for fiscal 2024 was RMB10.6 billion compared to RMB12 billion last year, with an adjusted operating income of RMB1.173 billion and a margin of 16.3%. The CEO, Tang Yan, emphasized the company's satisfactory financial and operational results despite challenges in 2024 and expressed intentions to drive growth in international markets. For fiscal 2025, the company aims to maintain a stable operation for the Momo app, achieve profitability for Tantan, and expand overseas. The board has also approved a special cash dividend of $0.30 per ADS for a total cash payment of approximately $50 million, marking the seventh consecutive year of such shareholder returns.
Overseas Business Growth
Overseas business maintained robust growth momentum, contributing significantly to the group's financial standing. Soulchill's revenue grew by 50% from 2023, nearing RMB1 billion and surpassing Tantan's earnings.
Growth in Standalone New Apps
Revenue from standalone new apps increased by 37% year-over-year in Q4 and 40% for fiscal 2024, driven primarily by overseas expansion.
Special Cash Dividend
Announcement of a special cash dividend of $0.30 per ADS, totaling approximately $50 million, marking the seventh consecutive year of dividend issuance.
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Hello Group (MOMO) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MOMO Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Mar 12, 2025
$7.42
$6.80
-8.36%
Dec 09, 2024
$6.77
$7.39
+9.16%
Sep 03, 2024
$6.64
$6.39
-3.77%
May 28, 2024
$5.52
$4.84
-12.32%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hello Group (MOMO) report earnings?
Hello Group (MOMO) is schdueled to report earning on Jun 10, 2025, TBA Not Confirmed.
What is Hello Group (MOMO) earnings time?
Hello Group (MOMO) earnings time is at Jun 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.