Hello Group (MOMO) Tops Q1 EPS by 8c

Hello Group (NASDAQ: MOMO) reported Q1 EPS of $0.31, $0.08 better than the analyst estimate of $0.23. Revenue for the quarter came in at $496.6 million versus the consensus estimate of $471.7 million.

Business Outlook:

For the second quarter of 2022, the Company expects total net revenues to be between RMB3.05 billion to RMB3.15 billion, representing a decrease of 14.2% to 16.9% year-over-year. This forecast reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change, particularly as to the potential impact of the COVID-19 resurgence on the Chinese and global economies, as well as on users' paying capabilities.

For earnings history and earnings-related data on Hello Group (MOMO) click here.

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