FMP
Mar 12, 2025 4:07 PM - Davit Kirakosyan
Image credit: FMP
Hello Group (NASDAQ:MOMO) saw its stock tumble over 8% intra-day today after posting weaker-than-expected fourth-quarter earnings, raising concerns over declining user engagement across its social networking and dating platforms.
The company reported adjusted earnings per share of $0.18, missing analyst expectations of $0.21. However, revenue slightly exceeded forecasts at $361.2 million versus the $356.2 million estimate, though it still reflected a 12.2% year-over-year drop.
A key concern for investors was the continued decline in paying users. The flagship Momo app saw its user base shrink to 5.7 million, down from 7.4 million a year earlier. Meanwhile, the Tantan dating app also experienced a drop in subscribers, falling to 0.9 million from 1.2 million in the prior-year quarter.
CEO Yan Tang acknowledged the challenges of 2024 but emphasized the company’s ability to navigate uncertainties and deliver what he described as satisfactory results.
Looking ahead, Hello Group forecasts first-quarter 2025 revenue in the range of RMB 2.4 billion to RMB 2.5 billion ($329 million to $342.5 million), representing a year-over-year decline of 2.4% to 6.3%.
Aug 7, 2024 7:53 AM - Parth Sanghvi
Interest rates play a crucial role in the economy and financial markets, influencing everything from consumer behavior to investment decisions. Understanding their impact is essential for making informed financial and investment decisions. This comprehensive analysis delves into how interest rates a...
Sep 10, 2024 11:33 AM - Parth Sanghvi
When it comes to downloading historical stock data, Yahoo Finance has been a popular choice for many. However, for those looking for more comprehensive, accurate, and flexible options, Financial Modeling Prep (FMP) offers a suite of powerful tools and services that stand out as superior alternatives...
Nov 8, 2024 10:30 AM - Sanzhi Kobzhan
When it comes to investing in stocks, one of the key decisions an investor must make involves determining the intrinsic value of a company's shares. Equity valuation isn't just about numbers, it's an art mixed with science, aiming to predict future performance based on current and historical data. H...