- The company was formerly known as Momo Inc. and changed its name to Hello Group Inc. in August 2021.
Momo easily beats Q3 EPS and revenue consensus; guides Q4 revs above consensus :
- Co reports Q3 $0.24 vs $0.14 Capital IQ Consensus Estimate; revs +319% YoY to $157 mln vs $131.05 mln Capital IQ Consensus Estimate.
- Monthly Active Users were 77.4 mln in September 2016, compared to 73.0 mln in September 2015.
- "Live broadcasting business continued to gain traction and boosted the acceleration in revenue and profit growth. At the same time we are making good progress with our strategy to drive the convergence of video and social activities on our platform."
- Guidance: For the fourth quarter of 2016, the Company expects total net revenues to be between $185 mln and $190 mln (Capital IQ consensus $140.2 mln), representing a year-over-year increase of 369% to 381%.
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