Hello Group drops as Q2 revenue, profit fall

Hello

01/09/2022 16:21

** Shares of Chinese social media co Hello Group  MOMO.O 
down ~2% at $5.05
    ** MOMO's Q2 revenue falls 15.3% to 3.11 bln yuan ($450.59
million), hit by a resurgence of COVID-19 in parts of
China urn:newsml:reuters.com:*:nTUA9KJSZX
    ** Net income attributable to MOMO declines to 345.6 mln
yuan from 464.2 mln yuan a year earlier
    ** Co says total paying users were 8.6 mln for its Momo app,
down from 9.3 mln last year
    ** YTD, stock down ~37%


($1 = 6.9020 Chinese yuan renminbi)

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))