In Q1, Hello Group Reported 13.7M Monthly Active Users on Tantan App Vs 19.5M YoY, Total Paying Users of 7.1M Vs 7.8M YoY for Momo App, Total Paying Users of 1.1M for Tantan Vs 1.6M YoY
Portfolio Pulse from Benzinga Newsdesk
Hello Group reported a decline in user metrics for Q1 2024. Monthly Active Users on the Tantan app dropped to 13.7 million from 19.5 million YoY. Total paying users for the Momo app decreased to 7.1 million from 7.8 million YoY, and Tantan's paying users fell to 1.1 million from 1.6 million YoY.
May 28, 2024 | 7:37 am
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Hello Group's Q1 2024 report indicates a significant decline in user metrics for both the Tantan and Momo apps. This could negatively impact investor sentiment and the stock price in the short term.
The decline in Monthly Active Users and paying users for both Tantan and Momo apps suggests a decrease in user engagement and revenue potential, which is likely to negatively impact investor sentiment and the stock price.
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