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Hello Group Inc. Announces Unaudited Financial Results for the Second Quarter of 2023

Retrieved on:

Thursday, August 31, 2023

Table, Share repurchase, Marketing, ADS, Bank statement, VAT, GAAP, MOMO, PIN, Investment, Active users, Growth, Beauty salon, Video game, Security (finance), Music, Life insurance, Bank

BEIJING, Aug. 31, 2023 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) ("Hello Group" or the "Company"), a leading mobile social and entertainment platform in China, today announced its unaudited financial results for the second quarter of 2023.

Key Points:

BEIJING, Aug. 31, 2023 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) ("Hello Group" or the "Company"), a leading mobile social and entertainment platform in China, today announced its unaudited financial results for the second quarter of 2023.
Net revenues increased by 0.9% year over year to RMB3,137.7 million (US$432.7 million*) in the second quarter of 2023.
Net income attributable to Hello Group Inc. increased to RMB568.4 million (US$78.4 million) in the second quarter of 2023, from RMB345.6 million in the same period of 2022.
"We delivered solid results in the second quarter, with strong financial performance and good progress on the execution of our various strategic priorities.

Hello Group Inc. Announces Unaudited Financial Results for the First Quarter of 2023

Retrieved on:

Tuesday, June 6, 2023

BEIJING, June 6, 2023 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) ("Hello Group" or the "Company"), a leading mobile social and entertainment platform in China, today announced its unaudited financial results for the first quarter of 2023.

Key Points:

BEIJING, June 6, 2023 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) ("Hello Group" or the "Company"), a leading mobile social and entertainment platform in China, today announced its unaudited financial results for the first quarter of 2023.
Net income attributable to Hello Group Inc. increased to RMB390.3 million (US$56.8 million) in the first quarter of 2023, from RMB289.9 million in the same period of 2022.
Total net revenues were RMB2,818.9 million (US$410.5 million) in the first quarter of 2023, a decrease of 10.5% from RMB3,148.1 million in the first quarter of 2022.
Net income attributable to Hello Group Inc.
Net income attributable to Hello Group Inc. was RMB390.3 million (US$56.8 million) in the first quarter of 2023, compared to RMB289.9 million during the same period of 2022.

Hello Group Inc. Announces Unaudited Financial Results for the Fourth Quarter and Fiscal Year 2022

Retrieved on:

Thursday, March 16, 2023

Net revenues decreased by 12.6% year over year to RMB3,212.7 million (US$465.8 million*) in the fourth quarter of 2022.

Key Points:

Net revenues decreased by 12.6% year over year to RMB3,212.7 million (US$465.8 million*) in the fourth quarter of 2022.
Mobile games revenues were RMB5.3 million (US$0.8 million) in the fourth quarter of 2022, a decrease of 72.4% from RMB19.3 million in the fourth quarter of 2021.
Income tax expenses were RMB109.4 million (US$15.9 million) in the fourth quarter of 2022, compared to RMB296.5 million in the fourth quarter of 2021.
Non-GAAP net income from the Momo segment was RMB480.5 million (US$69.7 million) in the fourth quarter of 2022, which increased from RMB415.8 million in the fourth quarter of 2021.

Market for Online Dating and Meeting Strangers More than Doubled During Pandemic

Retrieved on:

Monday, May 2, 2022

VANCOUVER, BC, May 2, 2022 /PRNewswire/ -- USA News Group – The art of making connections with new friends or even potential romantic partners has shifted drastically over the last decade. This change has accelerated greatly under the "new normal" social sphere after lockdowns and other measures kept people apart. According to a recent State of Mobile 2022 report, the mobile dating market doubled in size between 2018 and 2021. During the pandemic, weary singles and young people have been noticeably ditching the most popular dating apps like Tinder of Match Group, Inc. (NASDAQ:MTCH), Tantan from Hello Group Inc. (NASDAQ:MOMO), and Bumble through Bumble, Inc. (NASDAQ:BMBL), towards rising star platforms such as Bilibili Inc. (NASDAQ:BILI) and Hello Pal International Inc. (CSE:HP) (OTCQB:HLLPF).

Key Points:

This change has accelerated greatly under the "new normal" social sphere after lockdowns and other measures kept people apart.
According to a recent State of Mobile 2022 report , the mobile dating market doubled in size between 2018 and 2021.
"We expect these apps to be very synergistic to our current livestreaming and crypto-mining operations," said KL Wong, Founder and Chairman of Hello Pal.
"Despite a variety of external challenges, our team was able to methodically execute our strategic priorities and delivered solid results."

Market for Online Dating and Meeting Strangers More than Doubled During Pandemic

Retrieved on:

Monday, May 2, 2022

VANCOUVER, BC, May 2, 2022 /PRNewswire/ -- USA News Group – The art of making connections with new friends or even potential romantic partners has shifted drastically over the last decade. This change has accelerated greatly under the "new normal" social sphere after lockdowns and other measures kept people apart. According to a recent State of Mobile 2022 report, the mobile dating market doubled in size between 2018 and 2021. During the pandemic, weary singles and young people have been noticeably ditching the most popular dating apps like Tinder of Match Group, Inc. (NASDAQ:MTCH), Tantan from Hello Group Inc. (NASDAQ:MOMO), and Bumble through Bumble, Inc. (NASDAQ:BMBL), towards rising star platforms such as Bilibili Inc. (NASDAQ:BILI) and Hello Pal International Inc. (CSE:HP) (OTCQB:HLLPF).

Key Points:

This change has accelerated greatly under the "new normal" social sphere after lockdowns and other measures kept people apart.
According to a recent State of Mobile 2022 report , the mobile dating market doubled in size between 2018 and 2021.
"We expect these apps to be very synergistic to our current livestreaming and crypto-mining operations," said KL Wong, Founder and Chairman of Hello Pal.
"Despite a variety of external challenges, our team was able to methodically execute our strategic priorities and delivered solid results."

Wei Zhou from CCV, awarded 2021 China's Best Venture Capitalists by Forbes for the fifth consecutive year

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Tuesday, January 18, 2022

Online, Zero, Technology, HKSE, Robotics, LTD, Roblox, IPO, Shanghai Stock Exchange, CCV, NASDAQ, NYSE, ALL, Forbes China Celebrity 100, Initial public offering, Solution, MOMO, Time, JD, Industry, Silicon, Sen, SSE, COVID-19, Artificial intelligence, USD, AI, TMT, YRD, App, DingTalk, Organization, Investment, Video game, Metaverse, KPCB

BEIJING, Jan. 18, 2022 /PRNewswire/ --Recently, Forbes China released its "2021 China's Best Venture Capitalists" list, and Mr. Wei Zhou, Founding Partner of CCV, was ranked in "China's Best Venture Capitalists Top 30".

Key Points:

BEIJING, Jan. 18, 2022 /PRNewswire/ --Recently, Forbes China released its "2021 China's Best Venture Capitalists" list, and Mr. Wei Zhou, Founding Partner of CCV, was ranked in "China's Best Venture Capitalists Top 30".
This is the fifth consecutive listing since Wei Zhou founded CCV in 2017 together with his KPCB TMT team, and the award is another highlight in its fruitful season.
CCV portfolio Himalaya FM, the head platform of domestic audio sharing is about to land in the capital market through HKSE.
Focusing on digital human solutions, the leading AI deep-tech company Shukun, another portfolio under CCV, filed for its IPO in Hong Kong in Sept. 2021.

CCV Portfolio Lomotif, One of the Top Worldwide Social Video-Sharing Apps, Completes Acquisition by ZVV Media

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Wednesday, September 1, 2021

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BEIJING, Sept. 1, 2021 /PRNewswire/ -- CCV portfolio Lomotif has been acquired by ZVV Media, a joint venture of ZASH Global Media and Entertainment Corporation ("ZASH"), and Vinco Ventures.

Key Points:

BEIJING, Sept. 1, 2021 /PRNewswire/ -- CCV portfolio Lomotif has been acquired by ZVV Media, a joint venture of ZASH Global Media and Entertainment Corporation ("ZASH"), and Vinco Ventures.
CCV is the first institutional investor of Lomotif, who led the company's series A round in 2018.
Until the acquisition, CCV is the largest institutional shareholder of the company.
Thanks to marketing and positioning strategies brought from the ZASH, Vinco Ventures and ZVV Media team.

Hello Group Inc. Announces Effectiveness of Name Change

Retrieved on:

Monday, August 2, 2021

Instant messaging clients, Mobile technology, Momo, Musicians, Technology, Hello, Science and technology

BEIJING, Aug. 2, 2021 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) (the "Company"), a leading mobile social and entertainment platform in China, today announced that it has changed its name from "Momo Inc." to "Hello Group Inc.," effective August 2, 2021.

Key Points:

BEIJING, Aug. 2, 2021 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) (the "Company"), a leading mobile social and entertainment platform in China, today announced that it has changed its name from "Momo Inc." to "Hello Group Inc.," effective August 2, 2021.
Tantan, which was added into our family of applications through acquisition in May 2018, is a leading social and dating application.
It is designed to help its users find and establish romantic connections as well as meet interesting people.
We also operate a number of other applications to serve different social and entertainment demands from our users.

Momo to Hold an Extraordinary General Meeting on August 2, 2021

Retrieved on:

Monday, June 28, 2021

Beijing, Articles, Mobile technology, Momo, Extraordinary general meeting, Wangjing, Chaoyang District, Beijing, Technology

BEIJING, June 28, 2021 /PRNewswire/ -- Momo Inc. (NASDAQ: MOMO) ("Momo" or the "Company"), a leading mobile social and entertainment platform in China, today announced it will hold an Extraordinary General Meeting of Shareholders (the "EGM") at 20th Floor, Block B, Tower 2, Wangjing SOHO, No.

Key Points:

BEIJING, June 28, 2021 /PRNewswire/ -- Momo Inc. (NASDAQ: MOMO) ("Momo" or the "Company"), a leading mobile social and entertainment platform in China, today announced it will hold an Extraordinary General Meeting of Shareholders (the "EGM") at 20th Floor, Block B, Tower 2, Wangjing SOHO, No.
1 Futongdong Street, Chaoyang District, Beijing 100102, People's Republic of China at 2:00 pm (Beijing Time) on August 2, 2021.
The notice of EGM and form of proxy for the EGM are available on the Company's website at http://ir.immomo.com .
Momo is a mobile application that connects people and facilitates social interactions based on location, interests and a variety of online recreational activities.

Momo Files Annual Report on Form 20-F for Fiscal Year 2020

Retrieved on:

Tuesday, April 27, 2021

SEC filings, Mobile technology, Momo, Musicians, Form 20-F, Technology, Science and technology

b'BEIJING, April 27, 2021 /PRNewswire/ -- Momo Inc. (Nasdaq: MOMO) ("Momo" or the "Company"), a leading mobile social and entertainment platform in China, today filed with the U.S. Securities and Exchange Commission its annual report on Form 20-F for the fiscal year ended December 31, 2020.

Key Points:

b'BEIJING, April 27, 2021 /PRNewswire/ -- Momo Inc. (Nasdaq: MOMO) ("Momo" or the "Company"), a leading mobile social and entertainment platform in China, today filed with the U.S. Securities and Exchange Commission its annual report on Form 20-F for the fiscal year ended December 31, 2020.
The annual report can be accessed on the Company\'s investor relations website at http://ir.immomo.com or on the SEC\'s website at http://www.sec.gov .\nThe Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.
Through Momo, Tantan and other properties within our product portfolio, we enable users to discover new relationships, expand their social connections and build meaningful interactions.
Momo is a mobile application that connects people and facilitates social interactions based on location, interests and a variety of online recreational activities.