BENZINGA – Hello Group, once called the “Tinder of China,” is struggling to reverse a five-year revenue decline. Q2 revenue fell 2.6% to RMB 2.62B, with paid users dropping sharply, and the company reported its first net loss since 2021 due to a one-time tax hit. To rekindle growth, it has introduced AI-driven chat tools in its core Momo app, helping users start and sustain conversations. Its international business remains a bright spot, now contributing 17% of revenue after 73% year-on-year growth, though that pace is expected to slow. Despite investor fatigue, analysts are still cautiously optimistic, betting that AI features and overseas expansion could stabilize the business.
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