Hello Group Expects Q2 Revenue of RMB2.65B-RMB2.75B Vs $RMB2.706B Est
Portfolio Pulse from Benzinga Newsdesk
Hello Group expects Q2 2024 revenue to be between RMB2.65 billion and RMB2.75 billion, a year-over-year decrease of 12.4% to 15.5%. This forecast reflects current market and operational conditions.
May 28, 2024 | 7:34 am
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Hello Group (MOMO) expects Q2 2024 revenue to be between RMB2.65 billion and RMB2.75 billion, representing a year-over-year decrease of 12.4% to 15.5%.
The revenue forecast indicates a significant year-over-year decline, which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100