MOMO Latest Report

Performance of the Quarterly Report

The Group's total operating revenue of MOMO as of December 31, 2024 was US$2.636 billion, a year-on-year decrease of 12.54% from US$3.003 billion as of December 31, 2023. This change indicates challenges in revenue, which may affect its overall profitability and market confidence.

Key Data in the Financial Report

1. The total operating revenue in 2024 was US$2.636 billion, a year-on-year decrease of 12.54%.

2. The revenue in the third quarter of 2024 was RMB2.68 billion, a year-on-year decrease of 12%, slightly better than expectations.

3. New businesses maintained growth, with overseas social products' revenue up 41% year-on-year.

4. The live and value-added revenue of Momo's main site decreased year-on-year, mainly affected by the contraction of events and weak social consumption sentiment.

5. The Company performed well in cost control, with an adjusted net profit of RMB490 million, a year-on-year decrease of 19%.

Peer Comparison

1. Overall Industry Analysis: The overall industry's operating revenue in 2024 was generally affected by the economic slowdown, with many companies facing similar revenue decline trends. This reflects challenges in the industry's internal and external environment, which may lead to investors' cautious attitude towards the industry's prospects.

2. Peer Evaluation Analysis: Compared with peer companies, the Group's operating revenue decline was significant, possibly lower than the industry average. This indicates that the Group is at a disadvantage in the market competition and needs to take effective measures to enhance its market position and revenue level.

Summary

The Group's operating revenue has significantly decreased, mainly affected by intensified market competition, weakened consumer demand, and adjustments in product and marketing strategies. Although new businesses have grown, overall performance remains under pressure, showing the Company's inadequacy in responding to market challenges.

Opportunities

1. Say goodbye to traditional businesses and further develop and promote overseas social products, leveraging their growth potential in this area.

2. Strengthen cost control and optimize operational efficiency to enhance the net profit margin.

3. Adjust marketing strategies to enhance customer acquisition ability and brand influence.

Risks

1. Continuous revenue decline may lead to tight cash flow, affecting its long-term development.

2. Intensified market competition may lead to the loss of market share, affecting profit levels.

3. Uncertainties in the external economic environment, such as policy changes and exchange rate fluctuations, may negatively affect the Company's revenue.