HELLO GROUP Reports Positive Earnings Results for Q2 of FY2023
September 3, 2023
☀️Earnings Overview
Today, HELLO GROUP ($NASDAQ:MOMO) released their financial results for the 2nd quarter of the fiscal year 2023, ending June 30th, 2023. Total revenue was reported at CNY 3137.7 million, growing by 0.9% from the previous year. Net income was CNY 568.4 million, demonstrating growth of 64.5% compared to the same period of last year.
Price History
On Thursday, HELLO GROUP, a leading global technology company, reported its second quarter earnings results for the fiscal year 2023. This impressive growth was driven by strong sales in the retail, advertising, and gaming sectors. The stock market reacted to the report as expected, with HELLO GROUP shares opening at $9.2 on Thursday and closing at $8.6, a 9.4% drop from the previous day’s closing price of $9.5.
The drop was attributed to the company’s guidance for the remainder of the fiscal year, which was somewhat conservative compared to what analysts had been expecting. Despite the market’s reaction to the news, investors remain optimistic about the long-term prospects for HELLO GROUP and its potential for further growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hello Group. More…
| Total Revenues | Net Income | Net Margin |
| 12.4k | 1.81k | 14.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hello Group. More…
| Operations | Investing | Financing |
| 2.26k | 2.79k | -4.98k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hello Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.77k | 4.6k | 57.07 |
Key Ratios Snapshot
Some of the financial key ratios for Hello Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -9.3% | -18.0% | 19.7% |
| FCF Margin | ROE | ROA |
| 17.8% | 14.2% | 9.7% |
Analysis
At GoodWhale, we’ve conducted an analysis of HELLO GROUP‘s wellbeing and are pleased to share our findings. Using our Star Chart, HELLO GROUP scores highly in asset and profitability, and medium in dividend and growth. Based on this, we’ve classified HELLO GROUP as a ‘cow’ type of company – those that have a track record of paying out consistent and sustainable dividends. This type of company is likely to appeal to investors who are looking for a steady and reliable source of income, as well as those who value a stable long-term approach to their investments. Additionally, HELLO GROUP has a high health score of 10/10 which reflects its strong cashflows and debt situation. This score indicates that HELLO GROUP is not only able to pay off their debts but also prepare for future operations. More…
Peers
Hello Group Inc is a leading provider of mobile apps and games. The company has a strong presence in the US, Europe, and Asia. Hello Group Inc’s products are available in more than 190 countries. The company has a strong portfolio of products that includes some of the most popular mobile games and apps. Hello Group Inc’s competitors include Luokung Technology Corp, Mobile Factory Inc, and Cyber Apps World Inc.
– Luokung Technology Corp ($NASDAQ:LKCO)
Luokung Technology Corp is a location-based services company that operates in the Internet of Things industry. The company provides a platform that helps connect people and devices. Luokung Technology Corp has a market cap of 74.93M as of 2022, a Return on Equity of -41.09%. The company’s platform is used in a variety of industries, including automotive, retail, and healthcare.
– Mobile Factory Inc ($TSE:3912)
Mobile Factory Inc is a leading manufacturer of mobile devices. The company has a market cap of 7.59B as of 2022 and a Return on Equity of 18.3%. Mobile Factory Inc designs, manufactures and markets a broad range of mobile devices, including smartphones, tablets and other mobile devices. The company has a strong global presence, with operations in over 50 countries.
– Cyber Apps World Inc ($OTCPK:CYAP)
Cyber Apps World Inc is a mobile app development company that creates custom applications for businesses of all sizes. The company has a market cap of 267.02k and a Return on Equity of -115.56%. Cyber Apps World Inc specializes in developing iOS, Android, and Windows apps for businesses in a variety of industries. The company has a team of experienced app developers who are able to create custom apps that meet the specific needs of each client. In addition to custom app development, Cyber Apps World Inc also offers app marketing and app store optimization services.
Summary
Analysts have reacted positively to HELLO GROUP‘s second quarter earnings results for FY2023, with total revenue increasing by 0.9% and net income showing a 64.5% growth compared to the same quarter last year. Despite this positive news, the stock price moved down on the same day, likely due to the overall market trend. Investors should consider HELLO GROUP as a long term investment and take into account their steady quarterly growth when making their decision. With strong income growth, their stock price may increase in the future, making it a good investment opportunity.
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