Hello Group rises on better-than-expected Q3 results

Hello

08/12/2022 17:30

** Shares of Chinese social media co Hello Group  MOMO.O  up
32.2% at $6.94, highest since March 4
    ** MOMO reports Q3 rev of 3.23 bln yuan ($454.5 mln),
beating analyst estimates of 3.13 bln yuan - Refinitiv
    ** Net income attributable to MOMO rises to 450.8 mln yuan
($63.4 mln) from 403.2 mln yuan, a year earlier
    ** Co's total paying users were 8.4 mln for its Momo app,
down from 9.3 mln last year
    ** MOMO expects Q4 net revenue outlook between 3.15 billion
yuan - 3.25 billion yuan, compared with analyst estimates of
3.17 billion yuan
    ** Co adds forecast takes into consideration potential
impact of COVID-19 resurgence in China and global economies
    ** MOMO down ~13% YTD
 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))