24/7 Market News Snapshot 05 June, 2025 – Hello Group Inc. American Depositary Shares (NASDAQ:MOMO)
DENVER, Colo., 05 June, 2025 (www.247marketnews.com) – (NASDAQ:MOMO) are discussed in this article.
Hello Group Inc. commenced trading today at $6.70 and has experienced a notable rise of approximately 10.66%, with its current share price reaching $6.916. This uptick follows a previous closing price of $6.25 and is supported by a trading volume of 1.26 million shares, illustrating enhanced investor interest and a potential bullish outlook for the stock. The upward momentum indicates a possible breakout from established resistance levels, prompting further market scrutiny to assess the likelihood of continued growth amidst psychological barriers.
In additional news, Hello Group reported its financial results for the first quarter of 2025, highlighting a robust financial performance despite a slight year-over-year decline in total net revenues, which amounted to RMB 2,520.8 million (US$347.4 million), a decrease of 1.5%. However, the Company achieved significant growth in its overseas revenue streams, which surged by 71.9% year-over-year to RMB 414.6 million (US$57.1 million). This growth underscores the effectiveness of Hello Group’s strategies focused on product localization and engagement in international markets.
The financial results reveal a net income attributable to shareholders soaring to RMB 358.0 million (US$49.3 million), a remarkable increase from RMB 5.2 million in Q1 2024. The non-GAAP net income also reflected a positive trend, climbing to RMB 403.8 million (US$55.6 million). Furthermore, diluted earnings per American Depositary Share (ADS) rose to RMB 2.07 (US$0.29), reinforcing the Company’s strong profitability.
Chairman and CEO Yan Tang expressed confidence in the future, citing internal efficiencies and cost control contributing to improved profitability, alongside the success in overseas markets. In a move to enhance shareholder value, the Company has initiated a special cash dividend of $0.30 per ADS and has repurchased 47.8 million ADSs at approximately $291.3 million. Looking ahead, Hello Group anticipates Q2 2025 revenues to range from RMB 2.57 billion to RMB 2.67 billion, signaling strategic plans for sustained growth despite expected revenue fluctuations.