Hello Group Expects Q2 Total Net Revenues To Decrease 3.5%-0.3% Y/Y
Portfolio Pulse from Benzinga Newsdesk
Hello Group expects its Q2 total net revenues to decrease between 3.5% and 0.3% year-over-year.
June 06, 2023 | 9:05 am
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NEGATIVE IMPACT
Hello Group's Q2 net revenues are expected to decrease between 3.5% and 0.3% YoY, potentially impacting MOMO's stock price.
Hello Group's expected decrease in Q2 net revenues indicates a potential negative impact on the company's financial performance. As a result, this news may lead to a decline in MOMO's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100