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Dec 31, 2024
Hello Group Q4 2024 Earnings Report
Hello Group reported a decline in revenue and profitability in Q4 2024, with net income decreasing 58.6% year-over-year.
Key Takeaways
Hello Group experienced a 12.2% YoY revenue decline in Q4 2024, with net income dropping to $25.6 million from $61.9 million in Q4 2023. The company's live video and value-added service revenues both fell due to product adjustments and a weaker macroeconomic environment. Non-GAAP net income also decreased 55.2% YoY, despite cost optimizations.
Total revenue decreased 12.2% YoY to $361.2 million.
Live video service revenue declined 17.0% YoY to $173.3 million.
Net income dropped to $25.6 million from $61.9 million in Q4 2023.
Non-GAAP net income fell 55.2% YoY to $31.6 million.
Revenue by Segment
Forward Guidance
Hello Group expects revenue to continue declining in Q1 2025, with a projected decrease of 6.3% to 2.4% YoY, reflecting macroeconomic challenges and shifts in user engagement.
Positive Outlook
- Expected revenue of $328M-$342M in Q1 2025.
- Continued cost optimizations to improve profitability.
- Strong balance sheet with $2.02 billion in cash reserves.
- Strategic investments in standalone apps for future growth.
- Special dividend of $0.30 per ADS announced.
Challenges Ahead
- Revenue expected to decline 6.3% to 2.4% YoY in Q1 2025.
- Live video service revenue continues to decline.
- User engagement on Tantan has weakened.
- Paying users on Momo and Tantan have decreased.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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