而另一边，挚文集团的财务数据则反映出明显的增长压力。其总营收已连续三年下滑，从2022年的127亿元、2023年的120亿元，降至2024年的 105.63亿元。 这种收缩趋势在核心产品的付费用户数据中体现得更为严峻。根据12月10日公布的2025年第三季度财报，陌陌的付费用户仅为370万，与去年同期 相比近乎腰斩；探探的付费用户也同比下滑22.2%，降至70万。两大核心产品的用户付费意愿与规模正呈现出显著、加速的收缩态势。 针对上述情况，《BUG》栏目致电挚文集团投资者关系部门进行了解，但多次拨打均无人接听；同时向其官方发送采访函，截至发稿尚未收到回 应。 总裁王力一年多套现近6000万元 挚文集团于2011年成立，2014年12月11日在美国纳斯达克交易所挂牌上市（NASDAQ: MOMO），拥有陌陌、探探等多款手机应用，以及电影制 作发行、节目制作等多元业务。 公开信息显示，王力为挚文集团创始合伙人，现任挚文集团（原陌陌）执行董事兼总裁。2011年7月加入陌陌担任运营总监，2014年6月升任首席运 营官，2017年4月兼任联席总裁 ，2018年升任集团总裁，2020年11月起接替唐岩出任首席执行官，20 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 文|《BUG》栏目 闫妍 日前，陌陌母公司挚文集团（Nasdaq：MOMO）递交给美国SEC的文件显示，挚文集团执行董事、总 裁王力近期持续减持公司股权。据统计，连续四个交易日内王力共计套现了约2250万元。 而另一边，挚文集团的财务数据则反映出明显的增长压力。其总营收已连续三年下滑，从2022年的127 亿元、2023年的120亿元，降至2024年的105.63亿元。 这种收缩趋势在核心产品的付费用户数据中体现得更为严峻。根据12月10日公布的2025年第三季度财 报，陌陌的付费用户仅为370万，与去年同期相比近乎腰斩；探探的付费用户也同比下滑22.2%，降至 70万。两大核心产品的用户付费意愿与规模正呈现出显著、加速的收缩态势。 针对上述情况，《BUG》栏目致电挚文集团投资者关系部门进行了解，但多次拨打均无人接听；同时 向其官方发送采访函，截至发稿尚未收到回应。 总裁王力一年多套现近6000万元 挚文集团于2011年成立，2014年12月11日在美国纳斯达克交易所挂牌上市（NASDAQ： MOMO），拥 有陌陌、探探等多款手机应用， ...

来源：中国经营报 中经记者 李昆昆 李正豪 北京报道 近日，陌陌母公司挚文集团（纳斯达克：MOMO）发布了截至2025年9月30日的财报。财报显示，挚文 集团2025年前9个月营收为77.91亿元，较上年同期的79.26亿元下降1.7%。同时，公司前三季度净利润 同比下滑33.5%。 《中国经营报》记者采访陌陌方面关于公司业绩的相关问题，截至发稿前，对方尚未回复。 在张思远看来，陌陌当前面临三大发展瓶颈。首先，用户结构老化与增长停滞。 作为成立超过13年的社交平台，陌陌用户群体已从年轻用户主导转向中老年人为主。用户规模增长陷入 停滞，付费用户数同步下滑30%，反映出核心产品对年轻用户吸引力减弱。 其次，国内市场竞争与监管压力加剧。国内陌生人社交赛道竞争白热化，Soul、伊对等新兴平台通过AI 互动、视频社交等创新功能抢占市场份额，而陌陌产品迭代相对滞后，仅推出"AI恋爱军师"这些有限功 能，未能有效突破用户增长瓶颈。同时，监管环境趋严对业务运营形成持续约束，2025年第三季度国内 业务收入下滑11%部分源于"内容安全自查"及其他合规成本上升，历史上探探2019年下架、陌陌关闭动 态功能等事件已多次影响用户活跃 ...

资料显示，挚文集团公司是中国在线社交和娱乐领域的领导者。MOMO是挚文集团(NASDAQ:MOMO) 推出的一款基于地理位置的移动社交应用,是中国领先的开放式社交平台之一。 作者：行情君 据交易所数据显示，12月17日，挚文集团(MOMO)开盘上涨2.45%，截至22:31，报6.7美元/股，成交 34.67万美元，总市值10.52亿美元。 挚文集团于2011年成立,2014年12月11日在美国纳斯达克交易所挂牌上市(股票交易代码:MOMO),拥有 MOMO、探探、赫兹等多款手机应用以及包含电影制作发行、节目制作、金融投资等多元业务的集团 公司。 财务数据显示，截至2025年09月30日，挚文集团收入总额77.91亿人民币，同比减少1.71%；归母净利润 5.67亿人民币，同比减少33.51%。 本文源自：市场资讯 在MOMO,你可以通过视频、文字、语音、图片来展示自己,基于地理位置发现附近的人,加入附近的群 组,建立真实、有效、健康的社交关系。 ...

（图源：Keeper） 简单来说，这项计划是为成功匹配的情侣而设，当他们通过Keeper相识、相恋，并走入婚姻殿堂后，需要向平台支付五万美元。对于这项看起来有点抽象 的条约，不少网友都表示过于霸道。Keeper的首席执行官Jake Kozloski却非常看好这项计划，只因Keeper采用先进的AI大模型算法，并相信AI将会是约会平 台的发展拐点。 但这也不禁让人疑惑，用大模型匹配到的"灵魂伴侣"，真的就是最完美的选择吗？ 成功率仅一成，AI当红娘并不靠谱 AI大模型技术走向大众后，也经常会被人们用在与自己生活相关的各种场景里，比如一些穿搭上的建议，关于人际关系处理的小技巧等。AI陪伴也是近年 来相当热门的赛道，只因大模型技术能够在陪伴的过程中不断学习使用者的喜好，变成一个可靠的陪伴者。 但提到用AI大模型去找对象，可能大多数人都会觉得不太可靠。的确，假如我们深入研究Keeper的这套模式，就会发现一些端倪。 掐指一算，马上又要到农历新年了。相信很多人回老家，最头疼的一件事就是面对无休无止的催婚吧？ 但你可能很难想象，如今不仅亲朋好友在催婚，就连AI也在"催婚"了。近期，美国一家AI初创公司Keeper开始吸引 ...

Market Overview - US stock index futures are all down, with Dow futures down 0.12%, S&P 500 futures down 0.12%, and Nasdaq futures down 0.22% [1] - European indices show mixed performance, with Germany's DAX down 0.40%, France's CAC40 up 0.27%, UK's FTSE 100 down 0.27%, and the Euro Stoxx 50 down 0.16% [1] Oil Prices - WTI crude oil is up 0.58% at $58.59 per barrel, while Brent crude oil is up 0.48% at $62.24 per barrel [2] Federal Reserve Insights - The Federal Reserve is expected to announce a 25 basis point rate cut, lowering the federal funds rate to 3.5%-3.75% [3] - There is significant internal division within the Federal Open Market Committee, with some members advocating for rate cuts to prevent labor market weakness, while others believe that easing has been sufficient and further cuts could exacerbate inflation [3] - The term "hawkish rate cut" is being used to describe the expected announcement, indicating that while a cut will occur, the Fed will signal that further cuts are not imminent [3] Global Bond Market - Global long-term government bond yields have surged to a 16-year high, indicating market concerns that the rate-cutting cycle may be ending [4] - The index measuring long-term government bond yields has risen significantly, with traders pricing in that the European Central Bank is unlikely to cut rates further and that the Bank of Japan is expected to raise rates this month [4] Bond Market Expectations - Bond traders are betting on a more gradual pace of rate cuts from the Federal Reserve, with expectations of only two cuts next year, contrasting with previous expectations of nearly three cuts [5] - This shift in sentiment is occurring ahead of key labor market data, which is expected to influence future perceptions of the Fed's monetary policy [5] Individual Company Updates - Momo Inc. reported a slight revenue decline of 0.9% in Q3, with net profit dropping to 348.9 million RMB from 449.4 million RMB year-on-year [8] - Oracle Corporation faces pressure to demonstrate its ability to fund ambitious infrastructure plans amid a significant stock price drop in October, with analysts expecting Q2 revenue of $16.22 billion, a 15.4% year-on-year increase [9] - JPMorgan Chase warned that its costs could exceed $105 billion next year, leading to a significant drop in its stock price, marking the largest decline in eight months [10] - Intel successfully reduced a previous antitrust fine by nearly €140 million, reflecting ongoing legal challenges and regulatory scrutiny [11] - Amazon plans to invest $35 billion in India over the next five years, focusing on e-commerce and cloud computing, aiming to create an additional 1 million jobs [12]

Core Insights - The company reported unaudited financial results for Q3 2025, with net revenue of RMB 2.6501 billion (approximately USD 372.3 million) [1] - The net profit attributable to the company was RMB 348.9 million (approximately USD 49 million) [1] - The number of paying users for Momo reached 3.7 million, while Tantan had 700,000 paying users [1] Financial Performance - Net revenue for Q3 2025 was RMB 2.6501 billion (USD 372.3 million) [1] - Net profit attributable to the company was RMB 348.9 million (USD 49 million) [1] User Metrics - Momo had 3.7 million paying users in Q3 2025 [1] - Tantan had 700,000 paying users in the same period [1]

文 | 市值榜 贾乐乐 这种环境之下，Soul推进IPO未必能够获得一个合意的估值。那么，Soul为何执着于IPO？一个关于灵魂、情绪的社交故 事，屡次折戟后更换了剧本再次登台，当下的资本市场还会不会买单呢？ 一、再次闯关IPO：从元宇宙到AI+ 编辑 | 嘉辛 近期，Soul又一次递交了招股书。从2021年冲击美股算起，这已是第四次尝试。 和当时相比，现在的Soul有更拿得出手的业绩：2024年收入达到22亿元，2025年前8个月收入16.8亿元，同比增长 17.8%；经营利润从2023年开始转正，并仍在增长趋势里；不再需要烧巨额的资金获客，比如2021年销售开支达到15亿 元，2024年降低至8.9亿元。 不过，现在的资本市场环境也与当时大不相同。 2021年，美股上市公司中，交友软件Bumble、Tinder和Hinge母公司Match Group都处在股价高位。当时的Soul，凭借"不 看脸"的新颖模式和快速增长，估值接近20亿美元。 而现在，两家公司的股价和高点相比，分别跌去了90%+和80%左右。陌陌和探探的母公司挚文集团，股价也有所下 滑。背后有业绩的原因，但杀估值可能是更重要的因素。 打开So ...

Group 1 - A report highlighted a case in Shandong where a man's parents' information was misused for online solicitation, leading to strangers visiting their home [1] - The platforms involved in the misuse of information include Momo and Tantan, which are popular social networking applications in China [1] - Tantan was launched in July 2014 and was fully acquired by Momo in February 2018 through a combination of stock and cash [1] Group 2 - Momo, launched in August 2011, is a location-based mobile video social application developed by Zhiyuan Group, which was listed on NASDAQ in December 2014 [2] - Tantan Culture Development (Beijing) Co., Ltd., established in 2014, is a wholly-owned subsidiary of Beijing Momo Technology Co., Ltd., and focuses on cultural and artistic activities [2] - Beijing Momo Technology Co., Ltd. was founded in 2011 and is also a member of Zhiyuan Group, primarily engaged in technology promotion and application services [2]

Core Viewpoint - The online dating industry, once revolutionized by apps like Tinder, is facing significant challenges as user engagement declines and competition from niche platforms and social media increases [3][6][10]. Group 1: Industry Evolution - The first online dating site, Match.com, launched in 1995, but it wasn't until Tinder's introduction of the "swipe" feature in 2012 that online dating gained mainstream popularity [2][3]. - Match Group, Tinder's parent company, went public in 2015 and acquired several dating apps, becoming a leading player in the online dating market [3]. - During the pandemic, online dating usage surged, with Match Group's market value peaking near $50 billion [3]. Group 2: User Engagement Decline - Recent data shows that daily usage of dating apps in the U.S. has dropped from 100 minutes to about 50 minutes over the past decade [3]. - Tinder's parent company, Match Group, has seen its stock price fall by over 66% in the last five years, leading to significant layoffs and a CEO change [3][5]. - Bumble, another competitor, has experienced a nearly 95% drop in market value [3]. Group 3: User Sentiment and Safety Concerns - A Forbes survey indicates that nearly 80% of respondents feel fatigued by dating apps, with many viewing online dating as a chore rather than an enjoyable activity [4]. - Safety concerns persist, with about 50% of Americans believing dating apps are unsafe, and over half of users reporting experiences of deception [4]. Group 4: Subscription Services and User Retention - Over 30% of Americans have subscribed to paid dating app services, with Tinder offering various membership tiers, some costing up to $499 per month [5]. - Match Group's recent financial reports show a 5% decline in paid users, marking the tenth consecutive quarter of decline, with over 700,000 users lost in the past year [5]. Group 5: Shift in User Preferences - Nearly half of U.S. users are seeking long-term relationships, with Gen Z showing the highest preference for such connections [6]. - Niche dating apps like Hinge, which focus on serious relationships, are gaining traction, while platforms like TikTok and Instagram are increasingly used for dating [6][7]. Group 6: Rise of Offline Dating Events - Post-pandemic, there is a resurgence in offline dating events, with many brands organizing activities for singles, which are becoming popular among younger demographics [8][9]. - New startups focusing on offline social activities are emerging, indicating a shift away from traditional online dating [9]. Group 7: Challenges in the Chinese Market - Similar challenges are faced by dating apps in China, with platforms like Momo and Tantan experiencing user declines due to regulatory issues and shifting user preferences [10]. - Momo's paid user count has dropped by 40% year-on-year, reflecting broader trends in the online dating landscape [10].