PRESS RELEASE - Hello Group (MOMO) has released its financial results for Q2 2023. Highlights include a 0.9% YoY increase in net revenues, reaching RMB 3,138M ($432.7M). Net income rose to RMB 568.4M ($78.4M), compared to RMB 345.6M in Q2 2022. Monthly Active Users on Tantan app were 17.3M in June 2023, compared to 24.8M in June 2022. For the Momo app total paying users was 7.9M for the Q2 2023, compared to 8.6M for the same period last year. Tantan had 1.4M paying users for the Q2 2023 compared to 2.2M from the year ago period.