Hello Group Swings to Q2 Profit, Guides Q3 Revenue Down 9.4%
MOMO is trading near its 52-week low of $5.32 (3.6% above the low).
Summary
Hello Group reported Q2 2026 net income of RMB237.4M, swinging from a RMB140.2M loss a year ago, driven by a 52% surge in overseas revenue to RMB672.7M. Total revenue fell 5.1% to RMB2,486.0M as domestic Momo and Tantan continued to weaken. The company guided Q3 revenue to RMB2.4-2.5B, a 9.4% to 5.7% YoY decline, signaling ongoing domestic pressure. It also named Jianhua Wen as COO and updated its buyback: 68M ADSs repurchased for US$424.1M, with US$62M remaining. The stock trades near its 52-week low, so the profit swing and buyback could support a rebound, but the weak guidance may cap upside.
At the time of this announcement, MOMO was trading at $5.51 on NASDAQ in the Technology sector, with a market capitalization of approximately $803.7M. The 52-week trading range was $5.32 to $8.59. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: PR Newswire.