Hello Group Q1 Revenue Beats Low Expectations, Net Income Falls
MOMO is trading near its 52-week low of $5.685 (9.1% above the low).
Summary
Hello Group reported Q1 2026 net revenues of RMB2.386 billion, a 5.3% year-over-year decrease, with net income falling to RMB291.0 million. While overall revenues and net income declined, the reported revenue figure surpassed analyst projections for a 6.7% decline and CNY2.352 billion. This follows previous negative Q1 guidance and analyst expectations for a steeper decline. Strong overseas revenue growth, up 44.1% year-over-year, partially offset continued declines in domestic paying users for both Momo and Tantan apps.
At the time of this announcement, MOMO was trading at $6.20 on NASDAQ in the Technology sector, with a market capitalization of approximately $930.4M. The 52-week trading range was $5.69 to $9.22. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: PR Newswire.