Hello Group Expects Q1 Net Revenue of RMB2.45B-RMB2.55B
Portfolio Pulse from Benzinga Newsdesk
Hello Group forecasts Q1 2024 net revenues between RMB2.45 billion to RMB2.55 billion, indicating a decrease of 13.1% to 9.5% year over year, reflecting current market and operational conditions.
March 14, 2024 | 8:18 am
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Hello Group, trading as MOMO, forecasts a decrease in Q1 2024 net revenues, expecting between RMB2.45 billion to RMB2.55 billion, a 9.5% to 13.1% year-over-year decline.
The forecasted decrease in net revenues for Q1 2024 suggests a negative outlook for Hello Group's financial performance. This decline is significant as it represents a double-digit percentage drop year over year, which could lead to negative investor sentiment and potentially impact the stock price negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100