HELLO GROUP Reports Record Earnings for FY2023 Q2 on August 31 2023
September 5, 2023
🌥️Earnings Overview
On August 31 2023, HELLO GROUP ($NASDAQ:MOMO) revealed their financial results for Q2 of fiscal year 2023, ending on June 30 2023. Total revenue rose to CNY 3137.7 million, representing an increase of 0.9% from the same period in the prior year. Their reported net income increased to CNY 568.4 million, a 64.5% jump from last year.
Price History
On Thursday, August 31 2023, HELLO GROUP reported record earnings for its second fiscal year quarter. The company’s stock opened at $9.2 per share and closed at $8.6, a 9.4% drop from the previous closing price of $9.5. The news of these record earnings sent shockwaves through the market and shares of HELLO GROUP plummeted as investors tried to process the news. Despite the sharp drop in stock prices, analysts remain optimistic about HELLO GROUP’s long-term prospects and believe that the company’s strong financial performance should continue into the future. 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 provide comprehensive analyses of companies’ wellbeing to help you make smart investment decisions. Recently, we have conducted an analysis of HELLO GROUP and are pleased to report that the company is low risk in terms of financial and business aspects. For more in-depth analysis, GoodWhale has also detected two risk warnings in HELLO GROUP’s income sheet and balance sheet. To gain access to the detailed report of the analysis, simply register on GoodWhale.com. We are certain that you will find our service invaluable in your search for the right investment opportunities. 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
Hello Group released their fiscal year 2023 Q2 earnings results on August 31 2023. Revenue increased by 0.9% from the same period last year, while net income increased by 64.5%. On the same day, the stock price dropped. From an investing perspective, the increase in revenue and net income suggests that Hello Group is financially sound and is performing better than the previous period.
However, the decrease in stock price indicates that the market may not have been impressed with their performance and the stock may be overvalued. Investors should consider this when deciding whether to invest in Hello Group.
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