Hello Group Second Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St.09-04

Hello Group (NASDAQ:MOMO) Second Quarter 2024 Results Key Financial Results Revenue: CN¥2.69b (down 14% from 2Q 2023). Net income: CN¥397.8m (down 30% from 2Q 2023). Profit margin: 15% (down from 18%...

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The decrease in margin was driven by lower revenue.NasdaqGS:MOMO Earnings and Revenue Growth September 4th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  missed analyst estimates by 33%.Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 10% growth forecast for the Interactive Media and Services industry in the US.Performance of the American Interactive Media and Services industry.The company's shares are down 2.0% from a week ago.It's still necessary to consider the ever-present spectre of investment risk.   We've identified 1 warning sign  with Hello Group, and understanding it should be part of your investment process.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MOMO":"挚文集团"},"translate_title":"Hello Group 2024年第二季度收益：每股收益未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MOMO":0.9},"content_text":"Hello Group (NASDAQ:MOMO) Second Quarter 2024 Results\nKey Financial Results\n\nRevenue: CN¥2.69b (down 14% from 2Q 2023).\nNet income: CN¥397.8m (down 30% from 2Q 2023).\nProfit margin: 15% (down from 18% in 2Q 2023). The decrease in margin was driven by lower revenue.\nEPS: CN¥2.20 (down from CN¥3.01 in 2Q 2023).\n\n\n\n\n  NasdaqGS:MOMO Earnings and Revenue Growth September 4th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nHello Group EPS Misses Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 33%. \n Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 10% growth forecast for the Interactive Media and Services industry in the US. \nPerformance of the American Interactive Media and Services industry.\n The company's shares are down 2.0% from a week ago. \nRisk Analysis\n It's still necessary to consider the ever-present spectre of investment risk.   We've identified 1 warning sign  with Hello Group, and understanding it should be part of your investment process. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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