Brief: Hello Group Says Q1 Revenue Fell 9.3% To RMB 3.148 Bln

Hello

07/06/2022 09:15

June 7 (Reuters) - Hello Group Inc  MOMO.O :
    * ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FIRST
QUARTER OF
2022
    * SEES Q2 REVENUE RMB 3.05 BILLION TO RMB 3.15 BILLION
    * Q1 REVENUE FELL 9.3 PERCENT TO RMB 3.148 BILLION
    * NON-GAAP DILUTED NET INCOME PER ADS WAS RMB1.94 (US$0.31)
IN THE
FIRST QUARTER OF 2022
    * DILUTED NET INCOME PER ADS WAS RMB1.42 (US$0.22) IN THE
FIRST
QUARTER OF 2022
    * MONTHLY ACTIVE USERS ON MOMO APPLICATION WERE 110.9
MILLION IN
MARCH 2022, COMPARED TO 115.3 MILLION IN MARCH 2021
    * SAYS BOARD AUTHORIZED SHARE REPURCHASE PROGRAM UNDER WHICH
CO
MAY REPURCHASE UP TO US$200 MILLION OF ITS SHARES OVER NEXT 24
MONTHS
    * Q1 EARNINGS PER SHARE VIEW CNY 1.60, REVENUE VIEW CNY 3.12
BILLION -- REFINITIV IBES DATA
    * Q2 REVENUE VIEW CNY 3.30 BILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nPn95jsgwa 
Further company coverage:  MOMO.O 

 ((Reuters.briefs@thomsonreuters.com;))