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Hello Group beats Q4 top and bottom line estimates; initiates Q1 outlook

Mar. 16, 2023 5:18 AM ETHello Group Inc. (MOMO) StockBy: Meghavi Singh, SA News Editor5 Comments
  • Hello Group press release (NASDAQ:MOMO): Q4 Non-GAAP EPADS of $0.36 beats by $0.08.
  • Revenue of $465.8M (-12.6% Y/Y) beats by $2.53M.
  • Monthly Active Users on Momo application were 94.6 million in December 2022, compared to 114.1 million in December 2021.
  • For the Momo app total paying users was 7.8 million for the fourth quarter of 2022, compared to 8.9 million for the same period last year.
  • Outlook: For the first quarter of 2023, the Company expects total net revenues to be between RMB2.65 billion to RMB2.75 billion, representing a decrease of 15.8% to 12.6% year over year.

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