On Wednesday, Hello Group (MOMO.US) rose over 2%, closing at $7.76.
According to Zhitong Finance APP, on Wednesday, Hello Group (MOMO.US) rose over 2%, closing at $7.76. On December 9, Hello Group announced its financial performance for the third quarter of 2024. The Earnings Reports show that in the third quarter of 2024, Hello Group's net revenue was 2.6747 billion yuan (approximately 0.3811 billion dollars), a year-on-year decrease of 12.1%, exceeding market expectations.
Hello Group's Chairman and CEO, Tang Yan, stated: "The third quarter of 2024 was a quarter rich in achievements. Hello Group has delivered satisfactory financial results and successfully executed strategic priorities across all business lines. Due to improved Operation efficiency, overseas business has accelerated growth once again. The team has made good progress in advancing the localization process and enriching the product lineup. This gives Hello Group greater confidence to continue investing decisively in more diversified overseas markets."
