Hello Group's live video service net revenue 2015-2023
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.