4 Reasons Momo's High-Growth Days Are Over [The Motley Fool]
Hello Group Inc. - American Depositary Shares (MOMO)
Last hello group inc. - american depositary shares earnings: 3/19 05:10 am
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Source: The Motley Fool
Momo(NASDAQ:MOMOMomo and Tantan's news feeds were temporarily disabled, and Tantan was pulled from China's app stores. Both apps were eventually restored, but Momo's fragile recovery stalled out this year as the pandemic throttled the growth of its online dating and live streaming businesses.Image source: Getty Images.China mostly contained the pandemic by April, but Momo's business didn't recover alongside the country's other big tech companies. Instead, its revenue declined year-over-year for three straight quarters, and it expects that pain to continue for the foreseeable future.As a result, Momo's stock tumbled about 60% this year, and its low forward P/E of 7 now makes it look like a value trap instead of an undervalued growth stock. Let's review the four main reasons Momo's business fell of a cliff, and whether or not it can ever recover.. Its live streaming business is dyingIn the third quarter of 0, Momo launched a live video streaming platform for its main app. This feature,
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MOMO
News
- Hello Group Files Annual Report on Form 20-F for Fiscal Year 2023PR Newswire
- Hello Group (NASDAQ:MOMO) Has More To Do To Multiply In Value Going Forward [Yahoo! Finance]Yahoo! Finance
- Hello Group Stock: Seems Cheap, But Lacks Growth Opportunities [Seeking Alpha]Seeking Alpha
- Apple CEO visits Hello Group Inc. and is impressed with inSpaze on Apple Vision Pro [Yahoo! Finance]Yahoo! Finance
- Apple CEO visits Hello Group Inc. and is impressed with inSpaze on Apple Vision ProPR Newswire
MOMO
Earnings
- 3/14/24 - Beat
MOMO
Sec Filings
- 4/26/24 - Form 20-F
- 4/15/24 - Form 6-K
- 4/8/24 - Form 6-K
- MOMO's page on the SEC website