曾经的约会巨头，如今正在被年轻人遗忘。 对90后来说，陌陌是曾经当之无愧的王者，但对00后来说，Soul才是如今的心头好。 陌陌抓住了移动互联网的浪潮，但却没有一直抓住它。2011年8月，唐岩创立的陌陌正式上线，凭借基于地理位置 的陌生人社交模式迅速走红。 上线仅仅3个月，陌陌用户就突破了40万，到了2012年6月份，这个数字已经突破600万，同年8月份，陌陌获得了 阿里4000万美元战略投资。 2014年12月，陌陌成功登录纳斯达克，成为当时国内最成功的陌生人社交平台。 从上市到今天，十年过去了，陌陌却从最初的社交宠儿，变成了如今的"中老年网恋专区"，它做错了什么？ 要说现在年轻人手里最火的交友APP，应该是Soul或者是牵手，但你要提起陌陌，许多年轻人只会摇头晃脑。 今年9月，陌陌母公司挚文集团发布了二季度财报，财报显示集团总营收26.2亿元，同比减少2.6%，这是已经是 2020年第四季度以来，挚文集团连续22个季度营收下滑。 作为挚文集团的核心产品，陌陌付费用户从去年同期的720万直接锐减至350万，出现了腰斩。除此之外，挚文集 团旗下另一款约会APP探探，月活也从去年同期的1290万降至1020万， ...

Summary of the Conference Call for ZhiZi City Technology Company Overview - ZhiZi City Technology derives 91% of its revenue from social networking for diverse and general populations, with general population social networking being the core business. Products include MICO, YOHO, TopTop, and Sogou. [2][3] - The company has achieved a compound annual growth rate (CAGR) of 67% over the past five years, with an adjusted EBITDA of 50%. [2][3] Financial Performance - Revenue guidance for the year has been raised from 6.5 billion to 6.8-7.1 billion, with a year-on-year growth rate expected to increase from 30% to 35%-40%. [4][12] - In 2024, revenue from the Middle East and North Africa (MENA) is projected to grow approximately 66%, with Sogou's revenue increasing by about 200% and profits exceeding 400%. [2][3] - The company reported a revenue growth of about 54% in 2024, with a net profit margin of 4%. [9] Market Dynamics - The MENA market is a significant growth engine for ZhiZi City Technology, with a projected CAGR of 20.7% over the next five years. [5] - The region has a youthful demographic, with 70% of the population under 35 years old, and high GDP per capita, leading to strong online social networking demand. [5] Product and Innovation Highlights - The innovative business segment includes casual mobile games, traditional traffic monetization, and social e-commerce. The self-developed game Alice Dream has generated over $8 million in monthly revenue as of September 2023. [6][28] - The LGBTQ social networking market is expected to reach 660 million by 2026, characterized by high education and income levels. [7] Strategic Initiatives - The company plans to continue expanding its overseas market presence and explore strategic entry into emerging markets, including potential acquisitions. [4][8] - ZhiZi City aims to replicate the success of Alice Dream to empower new products and create more long-lifecycle hits. [4][8] Competitive Landscape - The competitive landscape for general population social networking remains stable, with flagship products like MICO ranking in the top three in live streaming. [15] - TikTok is a major player in the live streaming space, but ZhiZi City primarily focuses on social networking, with limited overlap. [16] Future Growth Outlook - The company anticipates continued growth in both general and diverse population social networking, with plans to launch two additional casual mobile games in the second half of the year. [28] - The company has a robust pipeline of 5 to 6 products in incubation, with 1 to 2 showing significant potential. [21] Shareholder Returns - ZhiZi City prioritizes investment in its core business while actively seeking acquisition opportunities. The company has repurchased nearly 200 million HKD worth of shares this year and plans to repurchase a total of 400 million HKD over the next two years. [29]