The revenue of Hello Group Inc., formerly known as Momo Inc., generated by live video service dropped from 12.4 billion yuan in 2019 to 6.1 billion yuan in 2023. Hello Group Inc. is a Chinese company that operates the location-based social networking app Momo. The company first introduced live video streaming service to improve its stagnated user growth in 2015. Just within one year, this new service became the key revenue driver of the company.
Net revenue of Hello Group Inc.'s live video service from 2015 to 2023
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Hello Group. (March 14, 2024). Net revenue of Hello Group Inc.'s live video service from 2015 to 2023 (in million yuan) [Graph]. In Statista. Retrieved July 13, 2024, from https://www.statista.com/statistics/1031554/china-momo-live-video-service-net-revenue/
Hello Group. "Net revenue of Hello Group Inc.'s live video service from 2015 to 2023 (in million yuan)." Chart. March 14, 2024. Statista. Accessed July 13, 2024. https://www.statista.com/statistics/1031554/china-momo-live-video-service-net-revenue/
Hello Group. (2024). Net revenue of Hello Group Inc.'s live video service from 2015 to 2023 (in million yuan). Statista. Statista Inc.. Accessed: July 13, 2024. https://www.statista.com/statistics/1031554/china-momo-live-video-service-net-revenue/
Hello Group. "Net Revenue of Hello Group Inc.'s Live Video Service from 2015 to 2023 (in Million Yuan)." Statista, Statista Inc., 14 Mar 2024, https://www.statista.com/statistics/1031554/china-momo-live-video-service-net-revenue/
Hello Group, Net revenue of Hello Group Inc.'s live video service from 2015 to 2023 (in million yuan) Statista, https://www.statista.com/statistics/1031554/china-momo-live-video-service-net-revenue/ (last visited July 13, 2024)
Net revenue of Hello Group Inc.'s live video service from 2015 to 2023 (in million yuan) [Graph], Hello Group, March 14, 2024. [Online]. Available: https://www.statista.com/statistics/1031554/china-momo-live-video-service-net-revenue/