SEEKING ALPHA – Hello Group reported Q1 revenue of RMB 2.39B ($353M) and a profit of RMB 328.8M ($49M). The company expects Q2 revenue of RMB 2.45B – 2.55B ($362M – $377M) and maintains its target of reaching RMB 3B ($444M) in overseas revenue this year. Management said domestic results continue to be affected by tax-related pressures, while overseas growth remains on track despite recent challenges in Turkey and the Middle East. The company is also continuing to roll out new AI and social discovery features across Momo and Tantan.
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