BEIJING, Sept. 9, 2025 /PRNewswire/ -- Hello Group Inc. $(MOMO)$ ("Hello Group" or the "Company"), a leading player in Asia's online social networking space, today announced its unaudited financial results for the second quarter of 2025.
Second Quarter of 2025 Highlights
-- Net revenues decreased by 2.6% year over year to RMB2,620.4 million
(US$365.8 million*) in the second quarter of 2025.
-- Net revenues from overseas increased by 72.7% year over year to RMB442.4
million (US$61.8 million) in the second quarter of 2025.
-- Net loss attributable to Hello Group Inc. was RMB140.2 million (US$19.6
million) in the second quarter of 2025, compared to a net income of
RMB397.8 million in the same period of 2024.
-- Non-GAAP net loss attributable to Hello Group Inc. (note 1) was RMB96.0
million (US$13.4 million) in the second quarter of 2025, compared to a
net income of RMB449.2 million in the same period of 2024. In the second
quarter of 2025, the Company accrued an additional withholding tax of
RMB547.9 million (US$76.5 million) related to dividends paid or payable
by its wholly-foreign owned enterprise ("WFOE") in Chinese mainland to
its offshore parent company in Hong Kong, Momo Hong Kong. This accrual
followed a notice the Company's WFOE, Momo Beijing, received from the
Chinese tax authorities requiring Momo Beijing to withhold tax at the
standard rate of 10% instead of the previously applied preferential rate
of 5%. The RMB547.9 million (US$76.5 million) accrual in withholding tax
was for prior periods. This accrual is unrelated to the normal business
operation of the current period and future periods. In the second quarter
of 2025 and going forward, we will continue to accrue withholding tax for
the dividends payable by Momo Beijing to Momo Hong Kong at the standard
rate of 10%. Further details are provided under "Income tax expenses."
-- Diluted net loss per American Depositary Share ("ADS") was RMB0.84
(US$0.12) in the second quarter of 2025, compared to a diluted net income
per ADS of RMB2.11 in the same period of 2024.
-- Non-GAAP diluted net loss per ADS (note 1) was RMB0.58 (US$0.08) in the
second quarter of 2025, compared to a diluted net income per ADS of
RMB2.38 in the same period of 2024.
-- Monthly Active Users ("MAU") on Tantan app were 10.2 million in June
2025, compared to 12.9 million in June 2024.
-- For the Momo app total paying users was 3.5 million for the second
quarter of 2025, compared to 7.2 million for the same period last year.
Tantan had 0.7 million paying users for the second quarter of 2025
compared to 1.0 million from the year ago period.
First Half of 2025 Highlights
-- Net revenues decreased by 2.1% year over year to RMB5,141.2 million
(US$717.7 million) for the first half of 2025.
-- Net revenues from overseas increased by 72.3% year over year to RMB857.0
million (US$119.6 million) for the first half of 2025.
-- Net income attributable to Hello Group Inc. was RMB217.8 million (US$30.4
million) for the first half of 2025, compared to RMB403.0 million during
the same period of 2024.
-- Non-GAAP net income attributable to Hello Group Inc. (note 1) was
RMB307.7 million (US$43.0 million) for the first half of 2025, compared
to RMB509.1 million during the same period of 2024.
-- Diluted net income per ADS was RMB1.27 (US$0.18) for the first half of
2025, compared to RMB2.10 during the same period of 2024.
-- Non-GAAP diluted net income per ADS (note 1) was RMB1.80 (US$0.25) for
the first half of 2025, compared to RMB2.65 during the same period of
2024.
* This press release contains translations of certain Renminbi amounts into
U.S. dollars at specified rate solely for the convenience of readers. Unless
otherwise noted, all translations from Renminbi to U.S. dollars, in this press
release, were made at a rate of RMB7.1636 to US$1.00, the effective noon
buying rate for June 30, 2025 as set forth in the H.10 statistical release of
the Federal Reserve Board.
"Q2 was a good quarter. Both our domestic and overseas business fundamentals extended the positive trend that began at the start of the year, achieving favorable results across various operational and financial metrics," commented Yan Tang, Chairman and CEO of Hello Group." Our Momo business has progressively stabilized, with both revenue and profit surpassing our initial expectations. For our overseas business, we have successfully maintained rapid growth while controlling costs and expenses effectively. This strategic approach keeps our overseas business on course to deliver an increasingly meaningful contribution to the group's overall financial performance. "
Second Quarter of 2025 Financial Results
Net revenues
Total net revenues were RMB2,620.4 million (US$365.8 million) in the second quarter of 2025, a decrease of 2.6% from RMB2,691.4 million in the second quarter of 2024.
Value-added service revenues mainly include virtual gift revenues from various audio, video and text- based scenarios, and membership subscription revenues. Total value-added service revenues were RMB2,579.3 million (US$360.1 million) in the second quarter of 2025, a decrease of 2.6% from RMB2,648.3 million during the same period of 2024. The decrease was primarily due to a soft consumer sentiment among top users in the current macro environment of Momo app, and to a lesser extent, the decline in Tantan's paying users which was in turn due to the decline in user base. The decrease was partially mitigated by the rapid revenue growth from our overseas apps, driven by the strong performance of the relatively established brand-Soulchill, along with the monetization of a collection of new apps.
Other services revenues were RMB41.1 million (US$5.7 million) in the second quarter of 2025, compared to RMB43.1 million during the same period of 2024.
Net revenues from Chinese mainland decreased from RMB2,435.1 million in the second quarter of 2024 to RMB2,177.9 million (US$304.0 million) in the second quarter of 2025, primarily due to the decrease in net revenues from Momo app and Tantan app. Net revenues from overseas increased from RMB256.3 million in the second quarter of 2024 to RMB442.4 million (US$61.8 million) in the second quarter of 2025, driven by the growth of Souchill and incremental revenue from emerging brands.
Cost and expenses
Cost and expenses were RMB2,227.7 million (US$311.0 million) in the second quarter of 2025, a decrease of 2.1% from RMB2,275.2 million in the second quarter of 2024. The decrease was primarily attributable to: (a) a decrease in Tantan's marketing and promotional expense due to our continuous initiatives to control cost and optimize Tantan's channel marketing strategy, partially offset by an increase in sales and marketing expenses related to the promotion of overseas apps; (b) a decrease in revenue sharing with broadcasters on Momo apps, which was partially offset by an increase in revenue sharing with virtual gift recipients for overseas apps; and (c) a decrease in production costs in connection with films.
Non-GAAP cost and expenses (note 1) were RMB2,183.6 million (US$304.8 million) in the second quarter of 2025, compared to RMB2,223.8 million during the same period of 2024.
Income from operations
Income from operations was RMB403.5 million (US$56.3 million) in the second quarter of 2025, compared to RMB425.0 million during the same period of 2024.
Non-GAAP income from operations (note 1) was RMB447.7 million (US$62.5 million) in the second quarter of 2025, compared to RMB476.5 million during the same period of 2024.
Income tax expenses
Income tax expenses were RMB638.4 million (US$89.1 million) in the second quarter of 2025, compared to RMB102.6 million in the second quarter of 2024.
On August 27, 2025, the Company's WFOE, Momo Beijing, received a notice from the Chinese tax authorities requiring Momo Beijing to withhold tax at the standard rate of 10% instead of the previously applied preferential rate of 5%. As a result, the Company accrued an additional withholding tax of RMB547.9 million (US$76.5 million). Of this total amount, RMB356.1 million (US$49.7 million) was related to dividends paid by Momo Beijing in 2024 and in the first half of 2025, and this amount has been remitted in September 2025. The remaining RMB191.8 million (US$26.8 million) represents additional withholding tax accrued for the undistributed retained earnings of Momo Beijing as of March 31st 2025. The RMB547.9 million (US$76.5 million) accrual in withholding tax was for prior periods. This accrual is unrelated to the normal business operation of the current period and future periods. In the second quarter of 2025 and going forward, we will continue to accrue withholding tax for the dividends payable by Momo Beijing to Momo Hong Kong at the standard rate of 10%.
Net income (loss)
Net loss was RMB139.4 million (US$19.5 million) in the second quarter of 2025, compared to a net income of RMB397.8 million during the same period of 2024.
Non-GAAP net loss (note 1) was RMB95.2 million (US$13.3 million) in the second quarter of 2025, compared to a net income of RMB449.2 million during the same period of 2024.
Net income (loss) attributable to Hello Group Inc.
Net loss attributable to Hello Group Inc. was RMB140.2 million (US$19.6 million) in the second quarter of 2025, compared to a net income of RMB397.8 million during the same period of 2024.
Non-GAAP net loss (note 1) attributable to Hello Group Inc. was RMB96.0 million (US$13.4 million) in the second quarter of 2025, compared to a net income of RMB449.2 million during the same period of 2024.
Net income (loss) per ADS
Diluted net loss per ADS was RMB0.84 (US$0.12) in the second quarter of 2025, compared to a diluted net income per ADS of RMB2.11 in the second quarter of 2024.
Non-GAAP diluted net loss per ADS (note 1) was RMB0.58 (US$0.08) in the second quarter of 2025, compared to a diluted net income per ADS of RMB2.38 in the second quarter of 2024.
Cash and cash flow
As of June 30, 2025, the Company's cash, cash equivalents, short-term deposits, long-term deposits, short-term restricted cash and long-term restricted cash totaled RMB12,390.6 million (US$1,729.7 million), compared to RMB14,728.5 million as of December 31, 2024.
Net cash provided by operating activities in the second quarter of 2025 was RMB250.1 million (US$34.9 million), compared to RMB475.2 million in the second quarter of 2024.
First Half of 2025 Financial Results
Net revenues for the first half of 2025 were RMB5,141.2 million (US$717.7 million), a decrease of 2.1% from RMB5,251.8 million in the same period of 2024.
Net income attributable to Hello Group Inc. was RMB217.8 million (US$30.4 million) for the first half of 2025, compared to RMB403.0 million during the same period of 2024.
Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB307.7 million (US$43.0 million) for the first half of 2025, compared to RMB509.1 million during the same period of 2024.
Diluted net income per ADS was RMB1.27 (US$0.18) during the first half of 2025, compared to RMB2.10 in the same period of 2024.
Non-GAAP diluted net income per ADS (note 1) was RMB1.80 (US$0.25) during the first half of 2025, compared to RMB2.65 in the same period of 2024.
Net cash provided by operating activities was RMB489.9 million (US$68.4 million) during the first half of 2025, compared to RMB875.4 million in the same period of 2024.
Recent Development
Share repurchase program
As of September, 9, 2025, the Company has repurchased 48.9 million ADSs for US$300.3 million on the open market under the Share Repurchase Program announced on June 7, 2022 and amended on March 14, 2024 and March 12, 2025, at an average purchase price of US$6.12 per ADS. The remaining size of the program is US$185.8 million.
Business Outlook
For the third quarter of 2025, the Company expects total net revenues to be between RMB2.59 billion to RMB2.69 billion, representing a decrease of 3.2% to an increase of 0.6% year over year. This forecast reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change.
Note 1: Non-GAAP measures
To supplement our consolidated financial statements presented in accordance with U.S. generally accepted accounting principles ("GAAP"), we, Hello Group, use various non-GAAP financial measures that are adjusted from the most comparable GAAP results to exclude share-based compensation and amortization of intangible assets from business acquisitions, and such adjustments has no impact on income tax.
Reconciliations of our non-GAAP financial measures to our U.S. GAAP financial measures are shown in tables at the end of this earnings release, which provide more details about the non-GAAP financial measures.
Our non-GAAP financial information is provided as additional information to help investors compare business trends among different reporting periods on a consistent basis and to enhance investors' overall understanding of the historical and current financial performance of our continuing operations and our prospects for the future. Our non-GAAP financial information should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to the GAAP results. In addition, our calculation of the non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited.
Our non-GAAP information (including non-GAAP cost and operating expenses, income from operations, net income (loss), net income (loss) attributable to Hello Group Inc., and diluted net income (loss) per ADS) is adjusted from the most comparable GAAP results to exclude share-based compensation and amortization of intangible assets from business acquisitions, and such adjustments has no impact on income tax. A limitation of using these non-GAAP financial measures is that share-based compensation and amortization of intangible assets from business acquisitions have been and will continue to be for the foreseeable future significant recurring expenses in our results of operations. We compensate for such limitation by providing reconciliations of our non-GAAP measures to our U.S. GAAP measures. Please see the reconciliation tables at the end of this earnings release.
Conference Call
Hello Group's management will host an earnings conference call on Tuesday, September 9, 2025, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on September 9, 2025).
Participants can register for the conference call by navigating to:
https://s1.c-conf.com/diamondpass/10049643-g8d65s.html.
Upon registration, each participant will receive details for the conference call, including dial-in numbers, conference call passcode and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin.
A telephone replay of the call will be available after the conclusion of the conference call through September 16, 2025. The dial-in details for the replay are as follows:
U.S. / Canada: 1-855-883-1031
Hong Kong: 800-930-639
Passcode: 10049643
Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of Hello Group's website at https://ir.hellogroup.com.
About Hello Group Inc.
We are a leading player in Asia's online social networking space. Through Momo, Tantan and other properties within our product portfolio, we enable users to discover new relationships, expand their social connections and build meaningful interactions. Momo is a mobile application that connects people and facilitates social interactions based on location, interests and a variety of online recreational activities. Tantan, which was added into our family of applications through acquisition in May 2018, is a leading social and dating application. Tantan is designed to help its users find and establish romantic connections as well as meet interesting people. Starting from 2019, we have incubated a number of other new apps, such as Hertz, Soulchill, and Duidui, which target more niche markets and more selective demographics.
For investor and media inquiries, please contact:
Hello Group Inc.
Investor Relations
Phone: +852 3157 1669
Email: ir@hellogroup.com
Christensen
In China
Ms. Xiaoyan Su
Phone: +86-10-5900-1548
E-mail: Xiaoyan.Su@christensencomms.com
In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com
Safe Harbor Statement
This news release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include but are not limited to our management quotes, our financial outlook for the third quarter of 2025, as well as the amount of, timing, methods and funding sources for repurchases of our shares under the share repurchase program.
Our forward-looking statements are not historical facts but instead represent only our belief regarding expected results and events, many of which, by their nature, are inherently uncertain and outside of our control. Our actual results and other circumstances may differ, possibly materially, from the anticipated results and events indicated in these forward-looking statements. Announced results for the second quarter of 2025 are preliminary, unaudited and subject to audit adjustment. In addition, we may not meet our financial outlook for the third quarter of 2025 and may be unable to grow our business in the manner planned. We may also modify our strategy for growth. Moreover, there are other risks and uncertainties that could cause our actual results to differ from what we currently anticipate, including those relating to our ability to retain and grow our user base, our ability to attract and retain sufficiently trained professionals to support our operations, our ability to anticipate and develop new services and enhance existing services to meet the demand of our users or customers, the market price of the Company's stock prevailing from time to time, the nature of other investment opportunities presented to the Company from time to time, the Company's cash flows from operations, general economic conditions, and other factors. For additional information on these and other important factors that could adversely affect our business, financial condition, results of operations, and prospects, please see our filings with the U.S. Securities and Exchange Commission.
All information provided in this press release and in the attachments is as of the date of the press release. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, after the date of this release, except as required by law. Such information speaks only as of the date of this release.
Hello Group Inc.
Unaudited Condensed Consolidated Statement of Operations
(All amounts in thousands, except share and per share data)
Three months First half year
Ended June 30 Ended June 30
------------------------------------- -------------------------------------
2024 2025 2025 2024 2025 2025
RMB RMB US$ RMB RMB US$
----------- ----------- ----------- ----------- ----------- -----------
Net revenues(i):
Value-added
service 2,648,336 2,579,292 360,055 5,181,253 5,069,194 707,632
Other services 43,055 41,076 5,734 70,558 72,009 10,052
----------- ----------- ----------- ----------- ----------- -----------
Total net
revenues 2,691,391 2,620,368 365,789 5,251,811 5,141,203 717,684
Cost and
expenses:
Cost of revenues (1,595,789) (1,607,712) (224,428) (3,098,797) (3,176,786) (443,462)
Research and
development (193,168) (183,859) (25,666) (385,359) (379,628) (52,994)
Sales and
marketing (364,769) (347,327) (48,485) (658,200) (676,505) (94,436)
General and
administrative (121,482) (88,839) (12,401) (252,863) (229,350) (32,016)
----------- ----------- -----------
Total cost and
expenses (2,275,208) (2,227,737) (310,980) (4,395,219) (4,462,269) (622,908)
Other operating
income, net 8,861 10,865 1,517 28,767 24,047 3,357
----------- ----------- ----------- ----------- ----------- -----------
Income from
operations 425,044 403,496 56,326 885,359 702,981 98,133
Interest income 130,937 105,513 14,729 252,044 225,851 31,528
Interest expense (32,493) (23,417) (3,269) (56,191) (54,076) (7,549)
Other gain or
loss, net (34,625) (40) (6) (43,870) (40) (6)
----------- ----------- ----------- ----------- ----------- -----------
Income before
income tax and
share of income
on equity
method
investments 488,863 485,552 67,780 1,037,342 874,716 122,106
Income tax
expenses (102,614) (638,390) (89,116) (660,227) (708,796) (98,944)
----------- ----------- ----------- ----------- ----------- -----------
Income (loss)
before share of
income on
equity method
investments 386,249 (152,838) (21,336) 377,115 165,920 23,162
Share of income
on equity
method
investments 11,536 13,427 1,874 25,854 53,158 7,421
----------- ----------- ----------- ----------- ----------- -----------
Net income
(loss) 397,785 (139,411) (19,462) 402,969 219,078 30,583
=========== =========== =========== =========== =========== ===========
Less: net income
attributable to
non-controlling
interest - 793 111 - 1,288 180
----------- ----------- ----------- ----------- ----------- -----------
Net income
(loss)
attributable to
the
shareholders of
Hello Group
Inc. 397,785 (140,204) (19,573) 402,969 217,790 30,403
=========== =========== ===========
Net income
(loss) per share
attributable to
ordinary
shareholders
Basic 1.10 (0.42) (0.06) 1.09 0.65 0.09
Diluted 1.05 (0.42) (0.06) 1.05 0.64 0.09
Weighted average
shares used in
calculating net
income (loss)
per ordinary
share
Basic 362,394,762 332,986,414 332,986,414 368,522,705 335,653,491 335,653,491
Diluted 377,903,589 332,986,414 332,986,414 383,528,002 341,743,527 341,743,527
(i) The following table presents revenues
by geographic area based on the addresses
of our customers of our users:
Three months First half year
Ended June 30 Ended June 30
------------------------------------- -------------------------------------
2024 2025 2025 2024 2025 2025
RMB RMB US$ RMB RMB US$
----------- ----------- ----------- ----------- ----------- -----------
Chinese mainland 2,435,133 2,177,929 304,027 4,754,356 4,284,162 598,046
Overseas 256,258 442,439 61,762 497,455 857,041 119,638
----------- ----------- ----------- ----------- ----------- -----------
Total 2,691,391 2,620,368 365,789 5,251,811 5,141,203 717,684
=========== =========== =========== =========== =========== ===========
Hello Group Inc.
Unaudited Condensed Consolidated Statement of Comprehensive Income
(All amounts in thousands, except share and per share data)
Three months First half year
Ended June 30 Ended June 30
---------------------------- ----------------------------
2024 2025 2025 2024 2025 2025
------- --------- -------- ------- --------- --------
RMB RMB US$ RMB RMB US$
------- --------- -------- ------- --------- --------
Net income
(loss) 397,785 (139,411) (19,462) 402,969 219,078 30,583
Other
comprehensive
income (loss),
net of tax:
Foreign currency
translation
adjustment 41,569 (73,476) (10,257) 96,463 (116,814) (16,307)
------- --------- -------- ------- --------- --------
Comprehensive
income (loss) 439,354 (212,887) (29,719) 499,432 102,264 14,276
Less:
comprehensive
income (loss)
attributed to
the
non-controlling
interest 1,202 (920) (128) 4,286 (1,519) (212)
------- --------- -------- ------- --------- --------
Comprehensive
income (loss)
attributable to
Hello Group
Inc. 438,152 (211,967) (29,591) 495,146 103,783 14,488
======= ========= ======== ======= ========= ========
Hello Group Inc.
Unaudited Condensed Consolidated Balance Sheets
(All amounts in thousands, except share and per share data)
December 31 June 30 June 30
2024 2025 2025
RMB RMB US$
----------- ---------- ---------
Assets
Current assets
Cash and cash equivalents 4,122,659 5,017,224 700,377
Short-term deposits 2,026,245 1,308,180 182,615
Restricted cash 4,566,477 3,539,451 494,088
Accounts receivable, net of allowance
for credit losses of RMB12,433 and
RMB17,725 as of December 31, 2024 and
June 30, 2025, respectively 192,317 238,778 33,332
Prepaid expenses and other current
assets 1,104,172 982,242 137,116
Total current assets 12,011,870 11,085,875 1,547,528
Long-term deposits 3,059,860 2,482,720 346,574
Long-term restricted cash 953,285 42,982 6,000
Right-of-use assets, net 252,169 154,635 21,586
Property and equipment, net 897,036 928,462 129,608
Intangible assets, net 86,661 186,287 26,005
Rental deposits 13,280 5,365 749
Long-term investments 825,533 1,195,290 166,856
Other non-current assets 110,960 147,693 20,617
Deferred tax assets 36,066 35,144 4,906
Goodwill 136,250 250,684 34,994
Total assets 18,382,970 16,515,137 2,305,423
=========== ========== =========
Liabilities and equity
Current liabilities
Accounts payable 615,254 619,442 86,469
Deferred revenue 427,702 439,478 61,349
Accrued expenses and other current
liabilities 704,410 603,410 84,233
Lease liabilities due within one year 141,971 103,672 14,472
Income tax payable 157,057 415,524 58,005
Deferred consideration in connection
with business acquisitions-current 28,027 48,997 6,840
Convertible Senior Notes-current 20,191 - -
Long-term borrowings, current portion 1,938,385 1,939,273 270,712
Short-term borrowings 2,365,535 675,000 94,226
Total current liabilities 6,398,532 4,844,796 676,306
Deferred consideration in connection
with business acquisitions-non
current 65,694 42,982 6,000
Lease liabilities 115,105 57,640 8,046
Deferred tax liabilities 241,915 435,811 60,837
Long-term borrowings - 3,036 424
Other non-current liabilities 129,051 137,491 19,193
Total liabilities 6,950,297 5,521,756 770,806
Shareholder's equity (ii) 11,432,673 10,993,381 1,534,617
Total liabilities and shareholder's
equity 18,382,970 16,515,137 2,305,423
=========== ========== =========
(ii): As of June 30, 2025, the number of ordinary
shares outstanding was 318,881,690.
Hello Group Inc.
Unaudited Condensed Consolidated Statement of Cash Flows
(All amounts in thousands, except share and per share data)
Three months First half year
Ended June 30 Ended June 30
--------------------------------- ----------------------------------
2024 2025 2025 2024 2025 2025
RMB RMB US$ RMB RMB US$
----------- --------- --------- ---------- ----------- ---------
Cash flows
from operating
activities:
Net income
(loss) 397,785 (139,411) (19,462) 402,969 219,078 30,583
Adjustments to
reconcile net
income (loss)
to net cash
provided by
operating
activities:
Depreciation
of property
and
equipment 13,525 11,229 1,568 27,835 23,620 3,297
Amortization
of intangible
assets 1,279 7,655 1,069 2,558 13,846 1,933
Share-based
compensation 51,458 37,801 5,277 106,128 78,661 10,980
Share of
income on
equity method
investments (11,536) (13,427) (1,874) (25,854) (53,158) (7,421)
Cash received
on
distributions
from equity
method
investments 1,197 - - 1,197 - -
Returns on
investments - 289 40 - 797 111
Loss on
long-term
investments 34,625 40 6 43,870 40 6
Gain or loss
on disposal
of property
and
equipment (178) (146) (20) 80 (248) (35)
Provision of
loss on
receivable
and other
assets 145 312 44 1,921 5,717 798
Changes in
operating
assets and
liabilities:
Accounts
receivable 4,848 (17,847) (2,491) 15,828 (36,991) (5,164)
Prepaid
expenses and
other current
assets 15,043 (133,016) (18,568) 5,366 (121,641) (16,980)
Rental
deposits - 8,016 1,119 (802) 7,906 1,104
Deferred tax
assets (1,580) 581 81 (4,078) 921 129
Other
non-current
assets (198,746) 46,626 6,509 (206,343) 81,672 11,401
Accounts
payable (14,292) 4,047 565 (31,746) (9,496) (1,326)
Income tax
payable (42,533) 363,302 50,715 (36,497) 262,323 36,619
Deferred
revenue (15,268) 2,684 375 1,406 11,719 1,636
Accrued
expenses and
other current
liabilities 121,547 (70,803) (9,884) 64,747 (141,786) (19,793)
Deferred tax
liabilities 14,410 181,183 25,292 379,421 193,896 27,067
Other
non-current
liabilities 103,500 (38,986) (5,442) 127,393 (47,026) (6,565)
---------- ----------- ---------
Net cash
provided by
operating
activities 475,229 250,129 34,919 875,399 489,850 68,380
Cash flows
from investing
activities:
Purchase of
property and
equipment (199,842) (26,162) (3,652) (244,018) (53,976) (7,535)
Payment for
long-term
investments (5,250) (72,593) (10,134) (5,250) (72,593) (10,134)
Payment for
business
acquisition - - - - (194,390) (27,136)
Cash received
on maturity
of short-term
deposits 781,016 - - 1,081,016 1,107,245 154,565
Purchase of
long-term
deposits - - - (718,860) - -
Cash received
on maturity
of long-term
deposits - - - 718,860 150,000 20,939
Cash received
from sales of
long-term
investment - - - 2,000 - -
Loan to a
third-party
company - (6,278) (876) - (33,756) (4,712)
Other
investing
activities 298 302 42 683 494 69
---------- ----------- ---------
Net cash
provided by
(used in)
investing
activities 576,222 (104,731) (14,620) 834,431 903,024 126,056
Cash flows
from financing
activities:
Proceeds from
exercise of
share
options 2 2 - 13 4 1
Repurchase of
ordinary
shares (394,561) (97,196) (13,568) (506,822) (298,725) (41,700)
Dividends
payment (716,302) (346,182) (48,325) (716,302) (346,182) (48,325)
Payment in
relation to
redemption of
convertible
bonds - (20,221) (2,823) - (20,221) (2,823)
Proceeds from
short-term
borrowings - - - 1,331,635 - -
Repayment of
short-term
borrowings - - - - (1,690,535) (235,990)
Repayment of
long-term
borrowings - (279) (39) (215) (674) (94)
---------- ----------- ---------
Net cash (used
in) provided
by financing
activities (1,110,861) (463,876) (64,755) 108,309 (2,356,333) (328,931)
Effect of
exchange rate
changes 27,725 (53,620) (7,488) 48,539 (79,305) (11,070)
----------- --------- --------- ---------- ----------- ---------
Net (decrease)
increase in
cash and cash
equivalents (31,685) (372,098) (51,944) 1,866,678 (1,042,764) (145,565)
Cash, cash
equivalents
and
restricted
cash at the
beginning of
period 10,181,275 8,971,755 1,252,409 8,282,912 9,642,421 1,346,030
Cash, cash
equivalents
and
restricted
cash at the
end of
period 10,149,590 8,599,657 1,200,465 10,149,590 8,599,657 1,200,465
Hello Group Inc.
Reconciliation of Non-GAAP financial measures to comparable GAAP measures
(All amounts in thousands, except per share data)
1. Reconciliation of Non-GAAP cost and operating expenses, income from operations, and net income (loss) to comparable GAAP measures.
Three months Three months Three months
Ended June 30, 2024 Ended June 30, 2025 Ended June 30, 2025
-------------------------------------- ---------------------------------------------------- ------------------------------------------------
Amortization Amortization
of of
intangible intangible
assets from assets from
Share-based business Share-based business Share-based
GAAP compensation Non-GAAP GAAP acquisitions compensation Non-GAAP GAAP acquisitions compensation Non-GAAP
RMB RMB RMB RMB RMB RMB RMB US$ US$ US$ US$
----------- ------------ ----------- ----------- ------------ ------------ ----------- --------- ------------ ------------ ---------
Cost of
revenues (1,595,789) 1,796 (1,593,993) (1,607,712) 1,762 1,560 (1,604,390) (224,428) 246 218 (223,964)
Research and
development (193,168) 13,512 (179,656) (183,859) 1,140 10,710 (172,009) (25,666) 159 1,495 (24,012)
Sales and
marketing (364,769) 4,149 (360,620) (347,327) 3,474 4,159 (339,694) (48,485) 485 581 (47,419)
General and
administrative (121,482) 32,001 (89,481) (88,839) - 21,372 (67,467) (12,401) - 2,983 (9,418)
----------- ---------
Cost and
operating
expenses (2,275,208) 51,458 (2,223,750) (2,227,737) 6,376 37,801 (2,183,560) (310,980) 890 5,277 (304,813)
Income from
operations 425,044 51,458 476,502 403,496 6,376 37,801 447,673 56,326 890 5,277 62,493
Net income
(loss)
attributable
to Hello Group
Inc. 397,785 51,458 449,243 (140,204) 6,376 37,801 (96,027) (19,573) 890 5,277 (13,406)
Hello Group Inc.
Reconciliation of Non-GAAP financial measures to comparable GAAP measures
(All amounts in thousands, except per share data)
Reconciliation of Non-GAAP cost and operating expenses, income from operations, and net income (loss) to comparable GAAP measures-continued.
1.
First half year First half year First half year
Ended June 30, 2024 Ended June 30, 2025 Ended June 30, 2025
-------------------------------------- ---------------------------------------------------- ------------------------------------------------
Amortization Amortization
of of
intangible intangible
assets from assets from
Share-based business Share-based business Share-based
GAAP compensation Non-GAAP GAAP acquisitions compensation Non-GAAP GAAP acquisitions compensation Non-GAAP
RMB RMB RMB RMB RMB RMB RMB US$ US$ US$ US$
----------- ------------ ----------- ----------- ------------ ------------ ----------- --------- ------------ ------------ ---------
Cost of
revenues (3,098,797) 3,678 (3,095,119) (3,176,786) 3,025 3,334 (3,170,427) (443,462) 422 465 (442,575)
Research and
development (385,359) 22,298 (363,061) (379,628) 1,999 19,770 (357,859) (52,994) 279 2,760 (49,955)
Sales and
marketing (658,200) 10,266 (647,934) (676,505) 6,264 8,470 (661,771) (94,436) 874 1,182 (92,380)
General and
administrative (252,863) 69,886 (182,977) (229,350) - 47,087 (182,263) (32,016) - 6,573 (25,443)
----------- ---------
Cost and
operating
expenses (4,395,219) 106,128 (4,289,091) (4,462,269) 11,288 78,661 (4,372,320) (622,908) 1,575 10,980 (610,353)
Income from
operations 885,359 106,128 991,487 702,981 11,288 78,661 792,930 98,133 1,575 10,980 110,688
Net income
attributable
to Hello Group
Inc. 402,969 106,128 509,097 217,790 11,288 78,661 307,739 30,403 1,575 10,980 42,958
View original content:https://www.prnewswire.com/news-releases/hello-group-inc-announces-unaudited-financial-results-for-the-second-quarter-of-2025-302550519.html
SOURCE Hello Group Inc.
(END) Dow Jones Newswires
September 09, 2025 04:56 ET (08:56 GMT)