Hello Group Q4 Non-GAAP Earnings, Revenue Decrease
Hello Group (MOMO) reported Q4 non-GAAP earnings Wednesday of 1.30 Chinese renminbi ($0.18) per diluted American depositary share, down from 2.63 renminbi a year earlier.
Three analysts polled by FactSet expected 1.59 renminbi.
Net revenue for the quarter ended Dec. 31 was 2.64 billion renminbi, down from 3 billion renminbi a year earlier.
Four analysts surveyed by FactSet expected 2.60 billion renminbi.
For Q1, the company said it expects net revenue of 2.4 billion renminbi to 2.5 billion renminbi. Analyst estimates were not readily available for comparison.
Hello Group shares slumped 10% in premarket.
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