Hello Group (MOMO) has released an update.
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Hello Group Inc., a key player in China’s online social networking sector, has reported a 12.1% decline in net revenues for Q3 2024 compared to the previous year, amounting to RMB2,674.7 million. This downturn is attributed to a decrease in active users and paying subscribers on its Momo and Tantan apps. Despite the challenges, the company remains optimistic about its strategic priorities and overseas market expansion.
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