Hello Group Inc. Sponsored ADR (MOMO.US) Net Revenue Exceeded Expectations in Q3, Momo's Paying User Numbers Decreased to 6.9 Million.

On December 9th, Hello Group Inc. Sponsored ADR (MOMO.US) announced its financial performance for the third quarter of 2024. The financial report shows that in the third quarter of 2024, Hello Group Inc. Sponsored ADR's net revenue was 2.6747 billion yuan (approximately 381 million US dollars), a decrease of 12.1% year-on-year, exceeding market expectations. Not measured according to US Generally Accepted Accounting Principles, the net profit attributable to Hello Group Inc. Sponsored ADR was 493.3 million yuan (approximately 70.3 million US dollars); diluted net profit per American Depositary Share (ADS) was 2.70 yuan (approximately 0.38 US dollars), exceeding market expectations. In September 2024, the monthly active users of the Tantan application were 12 million, compared to 15.7 million in September 2023; the number of paying users for Tantan in the third quarter was 900,000, compared to 1.4 million in the same period last year. In the third quarter of 2024, the total number of paying users for the Momo application was 6.9 million, compared to 7.8 million in the same period last year. Business Outlook For the fourth quarter of 2024, the company expects total net revenue to be between 2.56 billion yuan and 2.66 billion yuan, a year-on-year decrease of 14.7% to 11.4%.