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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100