This article only represents the author's own views.
More than a year after kicking off a major overhaul at one of its two main units, dating app operator Hello Group (MOMO.US), often called the “Tinder of China,” is saying it still needs time to return to a growth track.
That’s the big picture coming from the company’s latest quarterly earnings, which show its revenue continued to shrink in the second quarter, extending a streak dating back to early 2020. It predicted its third quarter revenue will continue sliding by at least 14.9%, similar to the 15.3% decline it posted for the three months through June, according to the announcement released last Thursday.
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