Stock Analysis
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- Interactive Media and Services
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- NasdaqGS:MOMO
Hello Group Full Year 2023 Earnings: EPS Beats Expectations
Hello Group (NASDAQ:MOMO) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥12.0b (down 5.5% from FY 2022).
- Net income: CN¥1.96b (up 32% from FY 2022).
- Profit margin: 16% (up from 12% in FY 2022). The increase in margin was driven by lower expenses.
- EPS: CN¥10.37 (up from CN¥7.61 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hello Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.2%.
Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in the US.
Performance of the American Interactive Media and Services industry.
The company's shares are down 13% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Hello Group that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGS:MOMO
Hello Group
Hello Group Inc. provides mobile-based social and entertainment services in the People’s Republic of China.