Hello Group Second Quarter 2024 Earnings: EPS Misses Expectations

Hello Group (NASDAQ:MOMO) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.69b (down 14% from 2Q 2023).
• Net income: CN¥397.8m (down 30% from 2Q 2023).
• Profit margin: 15% (down from 18% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥2.20 (down from CN¥3.01 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hello Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 33%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 10% 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 2.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Hello Group that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.