PR NEWSWIRE – Hello Group's (formerly MOMO) Q3 revenues decreased by 0.2% YOY RMB3,759.2 million ($583M). Net income decreased to RMB403.2M ($62.6M) from RMB456.7M. Monthly Active Users on Momo app were 115.5M in September 2021, compared to 113.6M last year. Total paying users of live video service and value-added service, including 2.9M paying users of Tantan, were 12.2M, compared to 13.1M, which included 4.1M paying users of Tantan. "The Q3 of 2021 was a good quarter with solid financial results," commented Li Wang, CEO of Hello Group. "For the first time since the beginning of the COVID-19 pandemic, core Momo revenue has achieved YOY growth. Although we still have many hard work to do at Tantan, I am glad that we are finally on track to make concrete progress on the product fronts."
Category: Hello Group
Hello Group Q2 Results for the Second Quarter of 2021
PR NEWSWIRE – Aug 26 – Hello Group (former Momo), a mobile social and entertainment platform in China, announced its Q2 financial results. Net revenues decreased by 5.1% YOY to $569M. Net income increased to $71.9M. Monthly Active Users were 115.6M in June 2021, compared to 111.5M in June 2020. Total paying users of live video service and value-added service, including 3.1M paying users of Tantan, were 12.4M, compared to 12.8M in Q2 2020.
Momo Renamed to Hello Group
PANDAILY – Aug 3 – Momo, Chinese mobile social and entertainment platform, has changed its name from "Momo Inc." to "Hello Group Inc.". The company's main products are Momo and Tantan. Hello Group was established in 2011. On Dec 12, 2014, the company was listed on the NASDAQ Stock Exchange. In May 2018, they completed the acquisition of 100% equity of dating app Tantan.
Momo to Change Its Name to Hello Group
PR NEWSWIRE – June 28 – Momo, a leading mobile social and entertainment platform in China, will hold an Extraordinary General Meeting of Shareholders on August 2, 2021. The purpose of the EGM is for the Company's shareholders to approve the change of the company's legal name from "Momo Inc." to "Hello Group Inc."