BEIJING, Aug. 15, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) (the "Company"), a leading player in mainland China's online social networking space, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2024 before U.S. markets open on Tuesday, September 3, 2024.Hello Group's management will host an earnings conference call on Tuesday, September 3, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on the same day).Preregistr ...

Loading...Loading...To gain an edge, this is what you need to know today.Canary In The Coal MinePlease click here for an enlarged chart of SPDR S&P 500 ETF Trust SPY which represents the benchmark stock market index S&P 500 (SPX).Note the following: The chart shows that the stock market continues to move higher. On SPY, $550 is the magnet for short term traders. The chart shows that the market is now significantly above the support zone. This illustrates that in the middle of the AI buying frenzy, if the mo ...

交银国际研究 公司更新 互联网 收盘价 目标价 潜在涨幅 2024年5月29日 美元4.84 美元5.90↓ +21.9% 挚文集团 (MOMO US) 核心业务收入仍承压，下半年降幅有望收窄  1季度运营利润超预期：2024年1季度收入25.6亿元（人民币，下同）， 个股评级 同/环比降9%/15%，略超我们/市场预期3%/4%。经调整运营利润 5.2亿元， 中性 同比降1% ，好于市场预期的4.4亿元，对应经调整运营利润率20%，同比 优化2个百分点，受益于陌陌和探探分成优化及营销费用控制，部分被新 1年股价表现 独立应用分成提升所抵消。经调整净利润5.1亿元（剔除4.5亿元预提税 MOMO US 项）影响，同比+26%，好于我们和市场预期的4.1亿元。 30% MSCI中国指数 20%  运营调整影响持续，陌陌/探探收入仍承压。陌陌主站：1季度直播/增值 10% 收入同比降11%/15%，主要受赛事收缩以及社交消费情绪疲弱影响，公司 0% -10% 增加优质内容供给及新互动玩法，部分弥补流水下滑，或拉动2季度恢复 -20% -30% 环比增长。新应用：收入维持强劲同比增势（52%），受益于海外社交产 ...

Hello Group Inc. (NASDAQ:MOMO) Q1 2024 Earnings Conference Call May 28, 2024 8:00 AM ET Company Participants Ashley Jing - Investor Relations Sichuan Zhang - Chief Operating Officer Hui Peng - Chief Financial Officer Yan Tang - Chief Executive Officer Conference Call Participants Xueqing Zhang - CICC Raphael Chen - BOCI Research Henry Sun - JPMorgan Operator Ladies and gentlemen, thank you for standing by, and welcome to the First Quarter 2024 Hello Group Incorporated Earnings Conference Call. All participa ...

BEIJING, May 28, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) ("Hello Group" or the "Company"), a leading player in mainland China's online social networking space, today announced its unaudited financial results for the first quarter of 2024.   First Quarter of 2024 Highlights Net revenues decreased by 9.2% year over year to RMB2,560.4 million (US$354.6 million*) in the first quarter of 2024. Net income attributable to Hello Group Inc. decreased to RMB5.2 million (US$0.7 million) in the first quar ...

BEIJING, April 26, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) ("Hello Group" 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, 2023. The annual report can be accessed on the Company's investor relations website at https://ir.hellogroup.com/ or on the SEC's website at https://www.sec.gov. The Company will provide a hard copy of its annual r ...

Revenue and Financial Performance - Revenues contributed by the VIEs accounted for 98.4%, 95.7%, and 93.3% of total revenues for the years ended December 31, 2021, 2022, and 2023, respectively[14]. - For the years ended December 31, 2021, 2022, and 2023, the company declared and distributed cash dividends of US$132.0 million, US$127.3 million, and US$136.6 million, respectively[23]. - Beijing Momo IT declared dividends of RMB1,300.0 million, RMB3,600.0 million, and RMB1,800.0 million (US$253.5 million) for the years ended December 31, 2021, 2022, and 2023, respectively[24]. - The net income attributable to Hello Group's shareholders for the year ended December 31, 2023, was RMB 1,957,581 thousand, compared to RMB 1,484,283 thousand in 2022, reflecting an increase of approximately 32%[36]. - The total net income for the year ended December 31, 2023, was RMB 1,951,695 thousand, compared to RMB 1,480,009 thousand in 2022, showing an increase of approximately 32%[36]. - For the year ended December 31, 2023, net revenues were RMB 12,002,323 thousand, a decrease of 5.5% compared to RMB 12,704,172 thousand in 2022[46]. - The company reported a net income of RMB 1,957,581 thousand for 2023, compared to a net income of RMB 1,484,283 thousand in 2022, representing a year-over-year increase of 32%[46]. Costs and Expenses - Total costs and expenses for the year ended December 31, 2023, were RMB 9,827,412 thousand, down from RMB 11,097,261 thousand in 2022, indicating a reduction of about 11.5%[35]. - Research and development expenses decreased to RMB 884,590 thousand in 2023 from RMB 1,006,219 thousand in 2022, reflecting a reduction of approximately 11.9%[46]. - The company has focused on reducing operational costs, as evidenced by the decrease in sales and marketing expenses to RMB 1,414,949 thousand in 2023 from RMB 2,073,617 thousand in 2022[46]. Cash Flow and Liquidity - The net cash provided by operating activities for the year ended December 31, 2023, was RMB 2,277,161 thousand, compared to a net cash used of RMB 534,417 thousand for other subsidiaries[40]. - Cash and cash equivalents increased to RMB 5,620,466 thousand from RMB 5,018,129 thousand, representing a growth of approximately 12%[38]. - The company reported cash paid by VIEs to primary beneficiaries for license fees and services of RMB 3,948.9 million in 2023, down from RMB 4,369.7 million in 2022[43]. - The net cash used in financing activities for 2023 was RMB 3,432,559 thousand, compared to RMB 1,786,909 thousand in 2022, indicating increased financing outflows[41]. Regulatory and Compliance Risks - The company may face risks related to the enforcement of contractual arrangements with the VIEs, which could significantly affect financial performance[16]. - The PCAOB's ability to inspect audit firms in mainland China may impact the company's compliance with the Holding Foreign Companies Accountable Act[19]. - The company may need to obtain additional licenses or approvals in the future due to regulatory uncertainties in mainland China[31]. - The Cybersecurity Review Measures require network platform operators holding personal information of over one million users to undergo a cybersecurity review before foreign listings, creating uncertainties for future listings[80]. - The mainland China government's oversight may lead to material adverse changes in operations and the value of the company's ADSs[181]. User Engagement and Market Challenges - The user base for Momo and Tantan apps has decreased, indicating challenges in user retention and engagement[61]. - The mobile social and dating industry is highly competitive, with low switching costs for consumers, which may lead to decreased user engagement if competitors offer more appealing features[101]. - Tantan's monetization efforts may be hindered by factors such as COVID-19's impact on user retention, privacy concerns, and increased competition offering lower-cost services[103]. - The company faces significant risks related to user retention, market competition, and regulatory compliance, which could adversely affect its financial performance[55][60]. Investments and Future Strategies - The company plans to continue its market expansion and product development strategies to enhance revenue growth in the upcoming fiscal year[44]. - The company is exploring new monetization models and services to diversify revenue streams, including virtual gifts and premium features[65][67]. - The company plans to continue significant investments in expanding the live video service despite the declining revenue contribution from this segment[72]. Assets and Liabilities - As of December 31, 2023, total assets amounted to RMB 16,228,009 thousand, a significant increase from RMB 15,829,587 thousand as of December 31, 2022, reflecting a growth of approximately 2.5%[38]. - Total liabilities stood at RMB 4,241,219 thousand, a decrease from RMB 4,898,949 thousand in the previous year, indicating a reduction of about 13.4%[39]. - The company reported a total shareholders' equity of RMB 11,986,790 thousand, down from RMB 10,930,638 thousand, reflecting a decrease of about 9.6%[39]. Intellectual Property and Legal Risks - The company may face challenges in adequately protecting its intellectual property, which could lead to increased competition and potential legal costs[126]. - The company has experienced and anticipates future intellectual property infringement claims that could materially affect its business and financial condition[128]. - The company may incur significant costs and resource diversion due to potential litigation related to intellectual property rights[131]. Taxation and Financial Implications - Gains from the sale of ADSs or ordinary shares may be subject to mainland China tax at rates of 10% for non-mainland enterprise holders or 20% for non-mainland individual holders[212]. - The requirement to withhold mainland China tax from interest payments on ADSs may increase the cost of servicing these payments, adversely affecting financial condition[213]. - An additional withholding tax of RMB184.0 million (US$25.9 million) has been accrued on retained earnings generated in 2023, due to expected remittance to the offshore parent company[214].

Investment Rating - Neutral rating for Momo Group (MOMO US) with a target price of $6.60, implying a potential upside of 10.7% [1][2] Core Views - Momo's Q4 2023 revenue of RMB 3.0 billion slightly exceeded expectations, down 7% YoY and 1% QoQ [1] - Adjusted net profit of RMB 520 million in Q4 2023, 6% above expectations, with adjusted net margin improving to 17% YoY [1] - Weak consumer sentiment in live streaming and social spending continues to pressure Momo and Tantan revenues [1] - Momo's main platform revenue declined 9% YoY in Q4 2023 due to reduced live streaming gifting and social spending [1] - Tantan revenue dropped 21% YoY in Q4 2023, with MAU continuing to decline and paying members decreasing by 200k QoQ [1] - New applications revenue grew 43% YoY and 8% QoQ, driven by rapid growth of overseas social product Soulchill [1] Financial Projections - 2024 revenue guidance of RMB 24.5-25.5 billion for Q1, below previous expectations by 4-7% [2] - Momo main platform revenue expected to decline 15% YoY in 2024 due to reduced event operations [2] - Tantan revenue projected to drop 22% YoY in 2024 as focus shifts to exploring commercialization models [2] - Adjusted operating margin expected to decline to 18% in 2024, down 3 percentage points YoY [2] - 2024 revenue forecast of RMB 10.7 billion, down 10.9% YoY [4] - 2024 net profit forecast of RMB 1.7 billion, down 20.5% YoY [4] Valuation and Shareholder Returns - Target price reduced to $6.60 based on 5x 2024 P/E ratio, down from $8.30 [2] - Share price has corrected 22% post-earnings, largely reflecting profit downgrade and dividend cut [2] - Net cash position of $1.6 billion as of end-2023, representing 140% of market cap [2] - Shareholder returns remain attractive with 9% dividend yield and $290 million buyback plan [2] Operational Metrics - Momo's live streaming revenue declined 9% YoY in Q4 2023 [1] - Tantan's live streaming revenue dropped 39% YoY in Q4 2023 [8] - Momo's VAS revenue decreased 10% YoY in Q4 2023 [1] - Tantan's VAS revenue fell 13% YoY in Q4 2023 [8] - Marketing expenses as percentage of revenue improved by 3 percentage points YoY and 2 percentage points QoQ [1]

Exhibit 99.1 Hello Group Inc. Announces Unaudited Financial Results for the Fourth Quarter and Fiscal Year 2023 BEIJING, CHINA, March 14, 2024 – 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 fourth quarter and the full year ended December 31, 2023. Fourth Quarter of 2023 Highlights • Net revenues decreased by 6.5% year over year to RMB3,002.9 million (US$423.0 million*) in ...

Hello Group Inc. (NASDAQ:MOMO) Q4 2023 Earnings Conference Call March 14, 2024 8:00 AM ET Company Participants Ashley Jing - Head of IR Yan Tang - CEO Zhang Sichuan - COO Hui Peng - CFO Conference Call Participants Xueqing Zhang - CICC Henry Chen - JPMorgan Leo Chiang - Deutsche Bank Raphael Chen - BOCI Research Operator Ladies and gentlemen, thank you for standing by. And welcome to the Fourth Quarter and Fiscal Year 2023 Hello Group Inc. Earnings Conference Call. [Operator Instructions] Please note this c ...