Hello Group Inc. (NASDAQ:MOMO) Q3 2024 Earnings Conference Call December 9, 2024 7:00 AM ET

Company Participants

Ashley Jing - IR
Zhang Sichuan - COO
Peng Hui - CFO
Tang Yan - CEO

Conference Call Participants

Raphael Chen - BOCI Research
Jenny Wang - UBS
Thomas Chong - Jefferies
Xueqing Zhang - CICC

Operator

Ladies and gentlemen, thank you for standing by and welcome to the Third Quarter 2024 Hello Group Inc Earnings Conference Call. All participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. [Operator Instructions] Please note this conference is being recorded today.

I would now like to hand the conference over to your first speaker today, Ms. Ashley Jing. Thank you. Please go ahead, ma'am.

Ashley Jing

Thank you, operator. Good morning and good evening, everyone. Thank you for joining us today for Hello Group's Third Quarter 2024 Earnings Conference Call. The company's results were released earlier today and are available on the company's IR website. On the call today are Mr. Tang Yan, CEO of the company; Ms. Zhang Sichuan, COO of the company and Ms. Peng Hui, CFO of the company. They will discuss the company's business operations and highlights, as well as the financials and guidance. They will all be available to answer your questions during the Q&A session that follows.

Before we begin, I would like to remind you that this call may contain forward-looking statements made under the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and current market and operating conditions and relate to events that involve known and unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the company's control, which may cause the company's actual results, performance or achievements to differ materially from those in the forward-looking statements.

Further information regarding this and other risks, uncertainties, and factors is included in the company's findings with the U.S. Securities and Exchange Commission. The company does not undertake any obligation to update any forward-looking statement as a result of new information due to events or otherwise, except as required under law.

I will now pass the call over to our COO, Ms. Zhang Sichuan. Ms. Zhang, please.

Zhang Sichuan

Thank you. Hello, everyone. Thank you for joining our call. I would now like to – I’ll now give you an update on our business on Q3 2024. Starting with an overview of our financial performance. For Q3 2024, total group revenue was RMB2.67 billion, close to the high end of our guidance, down 12% from the year ago, with [a smaller] (ph) year-over-year decrease than in Q2.