07:01 AM EDT, 03/14/2024 (MT Newswires) -- Hello Group ( MOMO ) reported Q4 non-GAAP net income Thursday of 2.63 renminbi ($0.37) per diluted American depositary share, up from 2.46 renminbi a year earlier.

Analysts surveyed by Capital IQ expected 2.60 renminbi.

Revenue for the quarter ended Dec. 31 was 3 billion renminbi, down from 3.21 renminbi a year earlier.

Analysts surveyed by Capital IQ expected 3.05 billion renminbi.

The social media and online entertainment platform said it expects Q1 revenue of 2.45 billion renminbi to 2.55 billion renminbi, a decrease of 9.5% to 13.1% from a year earlier. Comparable analyst estimates were unavailable.

Hello shares were down nearly 16% in recent Thursday premarket activity.

Price: 6.45, Change: -1.22, Percent Change: -15.91