Hello Group Expects Q3 Revenue Of RMB2.58B-RMB2.68B Vs $RMB2.67B Est
Portfolio Pulse from Benzinga Newsdesk
Hello Group anticipates Q3 2024 revenue between RMB2.58B and RMB2.68B, a year-over-year decline of 11.9% to 15.2%. This reflects current market and operational conditions.
September 03, 2024 | 7:36 am
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Hello Group, trading as MOMO, projects Q3 2024 revenue to decline by 11.9% to 15.2% YoY, with expected revenue between RMB2.58B and RMB2.68B.
The projected revenue decline indicates potential challenges in market and operational conditions, which could negatively impact MOMO's stock price in the short term.
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