Hello Group falls on disappointing Q3 outlook

Hello

31/08/2023 15:29

** Shares of Chinese social media co Hello Group Inc
 MOMO.O  down 7.1% at $8.85
    ** Co sees Q3 total net revenue to be between 2.9 bln
yuan-3.0 bln yuan missing analysts est. of 3.3 bln yuan ($454.68
million)
    ** However, Q2 net revenue & adj net income per ADS beat
estimates
    ** Including sessions move, MOMO shares up 6.1% YTD

($1 = 7.2578 Chinese yuan renminbi)

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))