Hello Group Inc's MAU On Tantan Application Were 15.7M In September 2023, Down From 20.9M A Year Ago; Momo App Total Paying Users Was 7.8M For 3Q23, Down From 8.4M A Year Ago
Portfolio Pulse from Benzinga Newsdesk
Hello Group Inc reported a decline in user metrics for its applications. The MAU for Tantan was 15.7M in September 2023, a decrease from 20.9M the previous year. Momo app's total paying users also dropped to 7.8M in 3Q23 from 8.4M in the same quarter last year. Tantan's paying users decreased to 1.4M in 3Q23 from 2.0M in the year-ago period.
December 08, 2023 | 8:31 am
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Hello Group Inc (MOMO) reported a year-over-year decline in MAUs for Tantan and a decrease in total paying users for the Momo app in 3Q23.
The reported decline in both MAUs and paying users for Hello Group's applications suggests a negative trend in user engagement and revenue potential, which could lead to bearish sentiment among investors and a potential short-term decline in the stock price.
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