Hello Group reports Q3 EPS 42c, consensus 35c

Reports Q3 revenue $417.1M, consensus $413.37M. Monthly active users, or MAU, on Tantan application were 15.7M. For the Momo app total paying users was 7.8M for Q3. “We are pleased to report strong financial results for the third quarter and steady progress on various strategic priorities across all business lines.” commented Yan Tang, Chairman and CEO of Hello Group. “The group level profitability continued to grow from the prior year period, thanks to our effective cost optimization and efficiency improvement initiatives, which enabled us to maintain the stability of Momo cash cow business, turn Tantan profitable as well as support the development of new endeavors.”