Hello Group reports Q3 EPS 37c, consensus 31c

Reports Q3 revenue $454.5M, consensus $449.5M. Monthly active users on Momo application were 108.8M in September, compared to 115.5 million in September 2021. MAU on Tantan application were 20.9M in September. "I am very happy to return to the CEO position. In the third quarter, thanks to product and operational enhancements, we delivered good financial results and made solid progress across all business lines." commented Yan Tang, chairman and CEO of Hello Group. "Such progress on the business front, coupled with the efforts to improve cost efficiency, allowed us to see meaningful bottom line improvement on a sequential basis. I am very proud of the execution capabilities that the team demonstrated in such a challenging environment."