Hello Group Inc. is a Chinese holding company that operates a fast-growing social networking platform Momo. Live video streaming service was the Group's primary revenue driver, generating more than six billion yuan of revenue in 2023. The company launched its flagship product Momo in 2011 as a pure location-based dating app. After a stagnant growth of daily active users (DAU) in 2015, the company incorporated live streaming features to bolster its social networking function. Its monetization model which encourages users to buy virtual gifts for streamers was once highly profitable until the Chinese government has doubled down its regulations on live streaming.
Net revenue breakdown of Hello Group Inc. in 2023, by service
(in million yuan)
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Hello Group. (March 14, 2024). Net revenue breakdown of Hello Group Inc. in 2023, by service (in million yuan) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1031496/china-momo-net-revenue-breakdown-by-service/
Hello Group. "Net revenue breakdown of Hello Group Inc. in 2023, by service (in million yuan)." Chart. March 14, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1031496/china-momo-net-revenue-breakdown-by-service/
Hello Group. (2024). Net revenue breakdown of Hello Group Inc. in 2023, by service (in million yuan). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1031496/china-momo-net-revenue-breakdown-by-service/
Hello Group. "Net Revenue Breakdown of Hello Group Inc. in 2023, by Service (in Million Yuan)." Statista, Statista Inc., 14 Mar 2024, https://www.statista.com/statistics/1031496/china-momo-net-revenue-breakdown-by-service/
Hello Group, Net revenue breakdown of Hello Group Inc. in 2023, by service (in million yuan) Statista, https://www.statista.com/statistics/1031496/china-momo-net-revenue-breakdown-by-service/ (last visited November 05, 2024)
Net revenue breakdown of Hello Group Inc. in 2023, by service (in million yuan) [Graph], Hello Group, March 14, 2024. [Online]. Available: https://www.statista.com/statistics/1031496/china-momo-net-revenue-breakdown-by-service/
