Hello Group Inc. (MOMO) reported third quarter net income attributable to Hello Group of RMB 546.4 million, compared to RMB 450.8 million, prior year. Net income per ADS was RMB 2.75, compared to RMB 2.20. Non-GAAP net income attributable to Hello Group was RMB 605.9 million, compared to RMB 535.8 million, prior year. Non-GAAP net income per ADS was RMB 3.05, compared to RMB 2.60.
Third quarter total net revenues were RMB 3.04 billion, a decrease of 5.9% from prior year. Live video service revenues were RMB 1.53 billion, a decrease of 7.6%. Monthly Active Users or MAU on Tantan application were 15.7 million in September 2023, compared to 20.9 million in September 2022.
Net cash provided by operating activities in the third quarter of 2023 was RMB 582.5 million, compared to RMB 444.5 million in the third quarter of 2022.
For the fourth quarter, the company expects total net revenues to be between RMB 2.9 billion to RMB 3.0 billion, representing a decrease of 9.7% to 6.6% year over year.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.