1、Hello Group Inc.Announces Unaudited Financial Results for the First Quarter of 2024May 28,2024BEIJING,May 28,2024/PRNewswire/-Hello Group Inc.(NASDAQ:MOMO)(Hello Group or the Company),a leading player in mainland Chinasonline social networking space,today announced its unaudited financial results fo
2、r the first quarter of 2024.First Quarter of 2024 HighlightsNet revenues decreased by 9.2%year over year to RMB2,560.4 million(US$354.6 million*)in the first quarter of 2024.Net income attributable to Hello Group Inc.decreased to RMB5.2 million(US$0.7 million)in the first quarter of 2024,fromRMB390.
3、3 million in the same period of 2023.Non-GAAP net income attributable to Hello Group Inc.(note 1)decreased to RMB59.9 million(US$8.3 million)in thefirst quarter of 2024,from RMB471.9 million in the same period of 2023,mainly due to the accrual of withholding incometax of RMB448.6 million(US$62.1 mil
4、lion)on historical undistributed earnings generated by our wholly-foreign ownedenterprise(WFOE).Diluted net income per American Depositary Share(ADS)was RMB0.03(US$0.00)in the first quarter of 2024,comparedto RMB1.96 in the same period of 2023.Non-GAAP diluted net income per ADS(note 1)was RMB0.31(U
5、S$0.04)in the first quarter of 2024,compared toRMB2.36 in the same period of 2023.Monthly Active Users(MAU)on Tantan app were 13.7 million in March 2024,compared to 19.5 million in March 2023.For the Momo app total paying users was 7.1 million for the first quarter of 2024,compared to 7.8 million fo
6、r the sameperiod last year.Tantan had 1.1 million paying users for the first quarter of 2024 compared to 1.6 million from the year agoperiod.We have made steady progress in implementing our strategic priorities for Momo,Tantan,and our new endeavors since the beginning of theyear,commented Yan Tang,C