Hello Gr Sees Q2 Total Net Revenues Down 3-3.5% YoY
Portfolio Pulse from Benzinga Newsdesk
Hello Group expects Q2 2023 total net revenues to be between RMB3.0 billion to RMB3.1 billion, representing a YoY decrease of 3.5% to 0.3%. This forecast is based on the company's current market and operational conditions.
June 06, 2023 | 11:07 am
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Hello Group's Q2 2023 net revenues are expected to decrease 3.5% to 0.3% YoY, potentially impacting MOMO's stock price.
Hello Group's expected decrease in Q2 2023 net revenues may indicate a challenging market environment, which could negatively impact MOMO's stock price as investors may perceive this as a sign of potential weakness in the industry.
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