BRIEF: Hello Group revenue decline accelerates in second quarter
Dating app operator Hello Group Inc. (MOMO.US) said on Tuesday its revenue and profit declined in the second quarter, as business from its new apps failed to offset double-digit declines…
PODCAST: Foreign Law Firms Flee Shanghai, and No Love in Dating Site’s Latest Results
By Doug Young & Rene Vanguestaine A growing number of foreign law firms are leaving Shanghai. Is the exodus due to slowing business, or are political forces at work? And…
FAST NEWS: Hello Group plunges as paying users drop
The latest: Dating app operator Hello Group Inc. (MOMO.US) reported on Thursday its net profit jumped 13.7% year-on-year to 452 million yuan ($62.8 million) in the fourth quarter of 2023,…
Hello Group courts investors with big bottom-line gains
The dating app has moved past its pandemic legacy and earlier regulatory woes with strong gains in its third-quarter profit and margins Key Takeaways: Hello Group’s profit rose 21% in…
FAST NEWS: Hello Group’s profit soars as Tantan breaks even
The latest: Dating app operator Hello Group Inc. (MOMO.US) on Thursday reported its net profit reached 568 million yuan ($78.3 million) in the second quarter, up 64.5% year-on-year and 45.6%…
Hello Group’s Tantan welcomes first-ever profits
The leading provider of online dating services said its profit rose 35% in the first quarter, even as its revenue fell, as the smaller of its two main apps became…
FAST NEWS: Hello Group’s profit surges, but revenue and paying users fall
The latest: Dating app operator Hello Group Inc. (MOMO.US) reported on Thursday its revenue dropped 12.6% to 3.21 billion yuan ($466 million) in last year’s fourth quarter, the 12th consecutive…
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