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Hello Group (MOMO)
NASDAQ:MOMO
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.21Last Year’s EPS
$2.32Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 09, 2024
|% Change Since: 7.83%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with significant declines in revenue and operating income, particularly for the Momo app and Tantan. However, there was strong growth in the overseas business, which is expected to drive future growth. The sentiment reflects the challenges in the core business areas while highlighting the potential in new markets.Company Guidance
In the Q3 2024 earnings call for Hello Group, Inc., the company provided guidance for Q4 and beyond. The company anticipates Q4 revenue to range from RMB 2.56 billion to RMB 2.66 billion, reflecting a year-on-year decline of 11.4% to 14.7%. The Momo app, a core part of the company's cash cow business, reported a Q3 revenue of RMB 2.46 billion, down 10% year-over-year, with 6.9 million paying users, a sequential decrease of 300,000. Meanwhile, Tantan's Q3 revenue was RMB 212 million, experiencing a 28% year-over-year decline due to a decrease in paying users, now at 940,000. The company's new app endeavors, particularly overseas, showed promising growth, with new app revenue reaching RMB 418 million, up 41% year-over-year. The management emphasized a strategic focus on optimizing product experiences and cost management to address the revenue pressures, with an eye on long-term sustainable growth by leveraging overseas market potential. Overall, the company remains committed to maintaining the productivity of its core businesses while exploring new growth avenues, especially in international markets.Overseas Business Growth
Overseas business revenue grew by 41% year-over-year, driven by improvements in operational efficiency and localized operations. Soulchill's revenue in Q3 achieved its highest sequential growth of the past year.
Strong Cash Position
Hello Group has a significant cash position with net cash of approximately $8.7 per share, supporting shareholder returns through buybacks and dividends.
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MOMO Earnings History
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 |
|---|---|---|---|
| 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% |
| Mar 14, 2024 | $7.01 | $5.45 | -22.25% |
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 Mar 13, 2025, TBA Not Confirmed.
What is Hello Group (MOMO) earnings time?
Hello Group (MOMO) earnings time is at Mar 13, 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.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MOMO EPS forecast?
MOMO EPS forecast for the fiscal quarter 2024 (Q4) is $0.21.
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