Yiqun Chen's questions to Hello Group Inc (MOMO) leadership • Q3 2024
Question
Yiqun Chen of China Renaissance inquired about the primary growth drivers for Hello Group's overseas business in Q3, requesting the latest revenue and profit figures and the outlook for Q4 and 2025.
Answer
CEO Tang Yan attributed the accelerated growth to improved operational efficiency and a robust localization strategy, noting that new apps' revenue reached nearly RMB 220 million, with Soulchill contributing 60-70%. CFO Cathy Peng projected Soulchill's Q4 YoY growth at over 40%, leading to a full-year 2024 growth of nearly 50%. She emphasized a focus on 'profitable growth,' expecting overseas apps to contribute meaningfully to both top and bottom lines in 2025.