Zhihu Group (MOMO, Financial) released its Q3 2023 financial results, reporting a total net revenue of RMB 2.6747 billion, a 12.1% year-over-year decline. Net profit attributable to Zhihu Group was RMB 449.4 million, down from RMB 546.4 million in the previous year. Non-GAAP net profit was RMB 493.3 million, compared to RMB 605.9 million a year ago.
In September 2024, Tantan's monthly active users (MAU) were 12 million, down from 15.7 million in 2023. Momo App's paying users totaled 6.9 million, a decrease from 7.8 million, while Tantan's paying users dropped to 900,000 from 1.4 million.
Zhihu Group forecasts Q4 2024 net revenue between RMB 2.56 billion and RMB 2.66 billion, indicating a year-over-year decline of 14.7% to 11.4%.
