BRIEF: Paying user decline drags down Hello Group’s profit
Dating app operator Hello Group (MOMO.US) announced on Monday its revenue reached 2.67 billion yuan ($381 million) in third quarter, down 12.1% year-on-year but ahead of market expectations. Its net…
Newborn Town reports blowout business, but investors fail to move in
The social networking company reported strong performance in the first three quarters of the year, including revenue growth of more than 60% Key Takeaways: Newborn Town’s revenue grew between 60.7%…
BRIEF: Hello Group revenue decline accelerates in second quarter
Dating app operator Hello Group Inc. (MOMO.US) said on Tuesday its revenue and profit declined in the second quarter, as business from its new apps failed to offset double-digit declines…
Hello Group still looking for investor love as revenue declines accelerate
The company sometimes called the ‘Tinder of China’ said its revenue fell 9% in the first quarter, and predicted the rate of decline would accelerate Key Takeaways: Hello Group’s three…
FAST NEWS: Hello Group plunges as paying users drop
The latest: Dating app operator Hello Group Inc. (MOMO.US) reported on Thursday its net profit jumped 13.7% year-on-year to 452 million yuan ($62.8 million) in the fourth quarter of 2023,…
FAST NEWS: Hello Group’s profit soars as Tantan breaks even
The latest: Dating app operator Hello Group Inc. (MOMO.US) on Thursday reported its net profit reached 568 million yuan ($78.3 million) in the second quarter, up 64.5% year-on-year and 45.6%…
Hello Group’s Tantan welcomes first-ever profits
The leading provider of online dating services said its profit rose 35% in the first quarter, even as its revenue fell, as the smaller of its two main apps became…
