PR NEWSWIRE - Hello Group, a leading mobile social and entertainment platform in China, announced its financial results for Q4 and the full year 2022. Q4 revenues decreased by 12.6% YOY to RMB3,212.7M ($465.8M). Q4 Net income was $57.7M, compared to a net loss of $616M in the same period of 2021. Monthly Active Users on Momo app were 94.6M in Dec 2022, compared to 114.1M in Dec 2021. MAU on Tantan app were 18.4M in Dec 2022, compared to 27M in Dec 2021. For the Momo app total paying users was 7.8M in Q4 of 2022, compared to 8.9M for the same period last year. Tantan had 1.7M paying users in Q4 of 2022 compared to 2.5M from the year ago period. Annual 2022 net revenues decreased 12.8% YOY to $1,841.9M for the full year of 2022. 2022 net income was $215.2M, compared to a net loss of $423M during the same period of 2021.
See full article at Hello Group website