Hello Group Third Quarter 2023 Earnings: Beats Expectations

Hello Group (NASDAQ:MOMO) Third Quarter 2023 Results

Key Financial Results

• Revenue: CN¥3.04b (down 5.9% from 3Q 2022).
• Net income: CN¥546.4m (up 21% from 3Q 2022).
• Profit margin: 18% (up from 14% in 3Q 2022). The increase in margin was driven by lower expenses.
• EPS: CN¥2.88 (up from CN¥2.31 in 3Q 2022).

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

Hello Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 32%.

Looking ahead, revenue is forecast to grow 2.1% p.a. on average 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 up 9.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Hello Group that we have uncovered.

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