Stock Track | Hello Group Inc (MOMO) Plummets 5.01% on Weak Q3 Earnings and Outlook

Stock Track

Dec 11

Hello Group Inc (MOMO) saw its shares drop sharply by 5.01% during intraday trading on Wednesday following the release of its disappointing third-quarter earnings report.

The social networking firm reported a 0.9% year-over-year decline in Q3 revenue to RMB 2,650.1 million (US$372.3 million), while net income attributable to the company fell to RMB 348.9 million from RMB 449.4 million a year earlier. Weak consumer sentiment on its Momo app and a decline in Tantan's paying user base contributed to the revenue dip.

Additionally, Hello Group issued a cautious Q4 revenue outlook, expecting between RMB 2.52 billion and RMB 2.62 billion, below analyst estimates of RMB 2.66 billion. The combination of weaker-than-expected results and a subdued forecast weighed heavily on investor sentiment, driving the stock lower.

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Weak consumer sentiment on its Momo app and a decline in Tantan's paying user base contributed to the revenue dip.</p><p>Additionally, Hello Group issued a cautious Q4 revenue outlook, expecting between RMB 2.52 billion and RMB 2.62 billion, below analyst estimates of RMB 2.66 billion. The combination of weaker-than-expected results and a subdued forecast weighed heavily on investor sentiment, driving the stock lower.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MOMO","symbol_name":"挚文集团","start_time":0,"source_url":"","article_id":"1131671875","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1131671875","pubTimestamp":1765398284,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Hello Group Inc (MOMO) saw its shares drop sharply by 5.01% during intraday trading on Wednesday following the release of its disappointing third-quarter earnings report.The social networking firm...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MOMO":"挚文集团"},"translate_title":"股票追踪|Hello Group Inc(MOMO)因第三季度盈利和前景疲软而暴跌5.01%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MOMO":1},"content_text":"Hello Group Inc (MOMO) saw its shares drop sharply by 5.01% during intraday trading on Wednesday following the release of its disappointing third-quarter earnings report.The social networking firm reported a 0.9% year-over-year decline in Q3 revenue to RMB 2,650.1 million (US$372.3 million), while net income attributable to the company fell to RMB 348.9 million from RMB 449.4 million a year earlier. 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