BEIJING, March 18, 2026 /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 fourth quarter and the full year ended December 31, 2025.
Fourth Quarter of 2025 Highlights
-- Net revenues decreased by 2.3% year over year to RMB2,575.8 million
(US$368.3 million*) in the fourth quarter of 2025.
-- Net revenues from overseas increased by 70.3% year over year to RMB608.2
million (US$87.0 million) in the fourth quarter of 2025.
-- Net income attributable to Hello Group Inc. was RMB237.3 million (US$33.9
million) in the fourth quarter of 2025, compared to RMB187.2 million in
the same period of 2024.
-- Non-GAAP net income attributable to Hello Group Inc. (note 1) was
RMB281.3 million (US$40.2 million) in the fourth quarter of 2025,
compared to RMB230.5 million in the same period of 2024.
-- Diluted net income per American Depositary Share ("ADS") was RMB1.44
(US$0.21) in the fourth quarter of 2025, compared to RMB1.05 in the same
period of 2024.
-- Non-GAAP diluted net income per ADS (note 1) was RMB1.70 (US$0.24) in the
fourth quarter of 2025, compared to RMB1.30 in the same period of 2024.
-- For the Momo app total paying users was 3.9 million for the fourth
quarter of 2025, compared to 5.7 million for the same period last year,
and 3.7 million from last quarter. Tantan had 0.6 million paying users
for the fourth quarter of 2025 compared to 0.9 million from the year ago
period and 0.7 million from last quarter.
Full Year 2025 Highlights
-- Net revenues decreased by 1.9% year over year to RMB10,367.1 million
(US$1,482.5 million) for the full year of 2025.
-- Net revenues from overseas increased by 70.8% year over year to
RMB2,000.0 million (US$286.0 million) for the full year of 2025.
-- Net income attributable to Hello Group Inc. was RMB804.0 million
(US$115.0 million) for the full year of 2025, compared to RMB1,039.6
million during the same period of 2024.
-- Non-GAAP net income attributable to Hello Group Inc. (note 1) was
RMB993.5 million (US$142.1 million) for the full year of 2025, compared
to RMB1,232.9 million during the same period of 2024.
-- Diluted net income per ADS was RMB4.75 (US$0.68) for the full year of
2025, compared to RMB5.57 during the same period of 2024.
-- Non-GAAP diluted net income per ADS (note 1) was RMB5.87 (US$0.84) for
the full year of 2025, compared to RMB6.60 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 RMB 6.9931 to US$1.00, the effective noon
buying rate for December 31, 2025 as set forth in the H.10 statistical release
of the Federal Reserve Board.
"In the second half of 2025, our domestic business faced fresh external headwinds. That said, through the team's agile response and strong execution, we maintained stable performance of our cash-cow business while sustaining a healthy ecosystem." commented Yan Tang, Chairman and CEO of Hello Group. "Our overseas business has posted exceptional results over the past year, fueled by organic product incubation and targeted mergers and acquisitions. This has enabled us to diversify and enrich our brand portfolio while rapidly expanding our global presence, resulting in accelerated overseas revenue momentum. The overseas business has now solidified as an important revenue contributor for the Group and stands as the key engine for our future overall growth."
Fourth Quarter of 2025 Financial Results
Net revenues
Total net revenues were RMB2,575.8 million (US$368.3 million) in the fourth quarter of 2025, a decrease of 2.3% from RMB2,636.5 million in the fourth 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 RMB2,533.1 million (US$362.2 million) in the fourth quarter of 2025, a decrease of 2.3% from RMB2,591.6 million during the same period of 2024. The decrease was primarily due to external factors that influenced the operational focus of certain broadcasters and agencies as well as the weak consumer sentiment on Momo app, and to a lesser extent, the decline in Tantan resulting from a decline in user base. The decrease was largely offset by the revenue growth from our overseas apps, driven by the rapid expansion from multiple social entertainment and dating brands across our rich portfolio.
Other services revenues were RMB42.7 million (US$6.1 million) in the fourth quarter of 2025, compared to RMB44.9 million during the same period of 2024.
Net revenues from Chinese mainland decreased from RMB2,279.4 million in the fourth quarter of 2024 to RMB1,967.6 million (US$281.4 million) in the fourth quarter of 2025, primarily due to the decrease in net revenues from Momo app and Tantan app. Net revenues from overseas increased from RMB357.1 million in the fourth quarter of 2024 to RMB608.2 million (US$87.0 million) in the fourth quarter of 2025, driven by the growth of audio- and video-based products in the Middle East and North Africa("MENA") region, primarily by the new apps, along with incremental revenue from dating brands outside of MENA.
Cost and expenses
Cost and expenses were RMB2,278.4 million (US$325.8 million) in the fourth quarter of 2025, a decrease of 5.4% from RMB2,407.8 million in the fourth quarter of 2024. The decrease was primarily attributable to: (a) a RMB94.1 million in production costs incurred in connection with films in the fourth quarter of 2024, and (b) a decrease in revenue sharing with broadcasters on Momo apps, partially offset by an increased revenue sharing with virtual gift recipients on overseas apps.
Non-GAAP cost and expenses (note 1) were RMB2,231.4 million (US$319.1 million) in the fourth quarter of 2025, compared to RMB2,364.6 million during the same period of 2024.
Income from operations
Income from operations was RMB307.1 million (US$43.9 million) in the fourth quarter of 2025, compared to RMB236.7 million during the same period of 2024.
Non-GAAP income from operations (note 1) was RMB354.1 million (US$50.6 million) in the fourth quarter of 2025, compared to RMB279.9 million during the same period of 2024.
Income tax expenses
Income tax expenses were RMB68.9 million (US$9.9 million) in the fourth quarter of 2025, compared to RMB89.5 million in the fourth quarter of 2024.
Net income
Net income was RMB237.8 million (US$34.0 million) in the fourth quarter of 2025, compared to RMB187.2 million during the same period of 2024.
Non-GAAP net income (note 1) was RMB281.8 million (US$40.3 million) in the fourth quarter of 2025, compared to RMB230.5 million during the same period of 2024.
Net income attributable to Hello Group Inc.
Net income attributable to Hello Group Inc. was RMB237.3 million (US$33.9 million) in the fourth quarter of 2025, compared to RMB187.2 million during the same period of 2024.
Non-GAAP net income (note 1) attributable to Hello Group Inc. was RMB281.3 million (US$40.2 million) in the fourth quarter of 2025, compared to RMB230.5 million during the same period of 2024.
Net income per ADS
Diluted net income per ADS was RMB1.44 (US$0.21) in the fourth quarter of 2025, compared to RMB1.05 in the fourth quarter of 2024.
Non-GAAP diluted net income per ADS (note 1) was RMB1.70 (US$0.24) in the fourth quarter of 2025, compared to RMB1.30 in the fourth quarter of 2024.
Cash and cash flow
As of December 31, 2025, the Company's cash, cash equivalents, short-term deposits, long-term deposits, short-term investments, short-term restricted cash and long-term restricted cash totaled RMB8,677.6 million (US$1,240.9 million), compared to RMB14,728.5 million as of December 31, 2024. The decrease in cash was primarily driven by bank loan repayments, the distribution of a special cash dividend, settlement of withholding tax accrued for prior periods, certain acquisitions and investments, and payment under the company's Share Repurchase Program.
Net cash provided by operating activities in the fourth quarter of 2025 was RMB549.7 million (US$78.6 million), compared to RMB423.6 million in the fourth quarter of 2024.
Full Year 2025 Financial Results
Net revenues for the full year of 2025 were RMB10,367.1 million (US$1,482.5 million), a decrease of 1.9% from RMB10,563.0 million in the same period of 2024.
Net income attributable to Hello Group Inc. was RMB804.0 million (US$115.0 million) for the full year of 2025, compared to RMB1,039.6 million during the same period of 2024.
Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB993.5 million (US$142.1 million) for the full year of 2025, compared to RMB1,232.9 million during the same period of 2024.
Diluted net income per ADS was RMB4.75 (US$0.68) during the full year of 2025, compared to RMB5.57 in the same period of 2024.
Non-GAAP diluted net income per ADS (note 1) was RMB5.87 (US$0.84) during the f full year of 2025, compared to RMB6.60 in the same period of 2024.
Net cash provided by operating activities was RMB1,183.1 million (US$169.2 million) during the full year of 2025, compared to RMB1,640.0 million in the same period of 2024.
Recent Development
Declaration of a special cash dividend
Hello Group's board of directors has declared a special cash dividend in the amount of US$0.28 per ADS, or US$0.14 per ordinary share. The cash dividend will be paid on April 30, 2026 to shareholders of record at the close of business on April 10, 2026. The ex-dividend date will be April 10, 2026. The aggregate amount of cash dividends to be paid is approximately US$42.6 million, which will be funded by available cash on the Company's balance sheet.
Share repurchase program
As of March 18, 2026, the Company has repurchased 60.3 million ADSs for US$378.9 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$6.26 per ADS. The remaining size of the program is US$107.2 million.
Business Outlook
For the first quarter of 2026, the Company expects total net revenues to be between RMB2.3 billion to RMB2.4 billion, representing a decrease of 8.8% to 4.8% 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, amortization of intangible assets from business acquisitions and tax impacts related to the amortization of intangible assets from business acquisitions.
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, net income attributable to Hello Group Inc., and diluted net income per ADS) is adjusted from the most comparable GAAP results to exclude share-based compensation, amortization of intangible assets from business acquisitions, and tax impacts related to the amortization of intangible assets from business acquisitions. A limitation of using these non-GAAP financial measures is that share-based compensation, amortization of intangible assets from business acquisitions and tax impacts related to the 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 Wednesday, March 18, 2026, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on March 18, 2026).
Participants can register for the conference call by navigating to:
https://s1.c-conf.com/diamondpass/10053257-1s7egv.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 March 27, 2026. The dial-in details for the replay are as follows:
U.S. / Canada: 1-855-883-1031
Hong Kong: 800-930-639
Passcode: 10053257
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
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 first quarter of 2026, 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 fourth quarter of 2025 are preliminary, unaudited and subject to audit adjustment. In addition, we may not meet our financial outlook for the first quarter of 2026 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 Year
Ended December 31 Ended December 31
------------------------------------- -------------------------------------
2024 2025 2025 2024 2025 2025
RMB RMB US$ RMB RMB US$
----------- ----------- ----------- ----------- ----------- -----------
Net revenues(i):
Value-added
service 2,591,615 2,533,104 362,229 10,415,580 10,213,654 1,460,533
Other services 44,881 42,665 6,101 147,391 153,442 21,942
----------- ----------- ----------- ----------- ----------- -----------
Total net
revenues 2,636,496 2,575,769 368,330 10,562,971 10,367,096 1,482,475
Cost and
expenses:
Cost of revenues (1,724,821) (1,611,502) (230,442) (6,447,341) (6,446,619) (921,854)
Research and
development (222,684) (216,558) (30,967) (804,425) (779,449) (111,460)
Sales and
marketing (316,699) (348,299) (49,806) (1,329,780) (1,368,658) (195,715)
General and
administrative (143,621) (102,051) (14,593) (507,658) (455,393) (65,120)
----------- ----------- -----------
Total cost and
expenses (2,407,825) (2,278,410) (325,808) (9,089,204) (9,050,119) (1,294,149)
Other operating
income, net 8,015 9,697 1,387 59,003 37,586 5,375
----------- ----------- ----------- ----------- ----------- -----------
Income from
operations 236,686 307,056 43,909 1,532,770 1,354,563 193,701
Interest income 124,045 58,306 8,338 510,964 374,466 53,548
Interest expense (36,846) (29) (4) (127,846) (72,438) (10,358)
Other gain or
loss, net (46,639) 3,902 558 (90,509) 5,682 813
----------- ----------- ----------- ----------- ----------- -----------
Income before
income tax and
share of (loss)
income on
equity method
investments 277,246 369,235 52,801 1,825,379 1,662,273 237,704
Income tax
expenses (89,497) (68,943) (9,859) (845,022) (842,869) (120,529)
----------- ----------- ----------- ----------- ----------- -----------
Income before
share of (loss)
income on
equity method
investments 187,749 300,292 42,942 980,357 819,404 117,175
Share of (loss)
income on
equity method
investments (514) (62,458) (8,931) 59,216 (12,879) (1,842)
----------- ----------- ----------- ----------- ----------- -----------
Net income 187,235 237,834 34,011 1,039,573 806,525 115,333
=========== =========== =========== =========== =========== ===========
Less: net income
attributable to
non-controlling
interest - 499 71 - 2,512 359
----------- ----------- ----------- ----------- ----------- -----------
Net income
attributable to
the
shareholders of
Hello Group
Inc. 187,235 237,335 33,940 1,039,573 804,013 114,974
=========== =========== ===========
Net income per
share
attributable to
ordinary
shareholders
Basic 0.54 0.73 0.1 2.81 2.42 0.35
Diluted 0.53 0.72 0.1 2.78 2.37 0.34
Weighted average
shares used in
calculating net
income per
ordinary share
Basic 349,401,183 324,712,989 324,712,989 369,312,997 332,356,281 332,356,281
Diluted 355,325,921 330,556,192 330,556,192 373,591,974 338,597,079 338,597,079
(i) The
following table
presents
revenues by
geographic area
based on the
addresses of our
customers of our
users:
Three months Year
Ended December 31 Ended December 31
------------------------------------- -------------------------------------
2024 2025 2025 2024 2025 2025
RMB RMB US$ RMB RMB US$
----------- ----------- ----------- ----------- ----------- -----------
Chinese mainland 2,279,440 1,967,582 281,360 9,392,079 8,367,094 1,196,479
Overseas 357,056 608,187 86,970 1,170,892 2,000,002 285,996
----------- ----------- ----------- ----------- ----------- -----------
Total 2,636,496 2,575,769 368,330 10,562,971 10,367,096 1,482,475
=========== =========== =========== =========== =========== ===========
Hello Group Inc.
Unaudited Condensed Consolidated Statement of Comprehensive Income
(All amounts in thousands, except share and per share data)
Three months Year
Ended December 31 Ended December 31
--------------------------- ------------------------------
2024 2025 2025 2024 2025 2025
------- -------- -------- --------- --------- --------
RMB RMB US$ RMB RMB US$
------- -------- -------- --------- --------- --------
Net income 187,235 237,834 34,011 1,039,573 806,525 115,333
Other
comprehensive
income (loss),
net of tax:
Foreign currency
translation
adjustment 322,935 (89,088) (12,739) 132,248 (245,615) (35,122)
------- -------- -------- --------- --------- --------
Comprehensive
income 510,170 148,746 21,272 1,171,821 560,910 80,211
Less:
comprehensive
income (loss)
attributed to
the
non-controlling
interest 7,225 (4,689) (671) 5,111 (7,505) (1,073)
------- -------- -------- --------- --------- --------
Comprehensive
income
attributable to
Hello Group
Inc. 502,945 153,435 21,943 1,166,710 568,415 81,284
======= ======== ======== ========= ========= ========
Hello Group Inc.
Unaudited Condensed Consolidated Balance Sheets
(All amounts in thousands, except share and per share data)
December 31 December 31 December 31
2024 2025 2025
RMB RMB US$
----------- ----------- -----------
Assets
Current assets
Cash and cash equivalents 4,122,659 5,320,022 760,753
Short-term deposits 2,026,245 3,112,207 445,040
Restricted cash 4,566,477 120,612 17,247
Short-term investment - 124,713 17,834
Accounts receivable, net of
allowance for credit losses of
RMB12,433 and RMB18,623 as of
December 31, 2024 and 2025,
respectively 192,317 246,208 35,207
Amounts due from related parties - 21,751 3,110
Prepaid expenses and other current
assets 1,104,172 791,317 113,157
Total current assets 12,011,870 9,736,830 1,392,348
Long-term deposits 3,059,860 - -
Long-term restricted cash 953,285 - -
Right-of-use assets, net 252,169 118,799 16,988
Property and equipment, net 897,036 1,420,030 203,062
Intangible assets, net 86,661 240,716 34,422
Rental deposits 13,280 3,585 513
Long-term investments 825,533 1,514,042 216,505
Other non-current assets 110,960 114,384 16,357
Deferred tax assets 36,066 34,614 4,950
Goodwill 136,250 596,299 85,270
Total assets 18,382,970 13,779,299 1,970,415
=========== =========== ===========
Liabilities and equity
Current liabilities
Accounts payable 615,254 584,557 83,593
Deferred revenue 427,702 468,221 66,955
Accrued expenses and other current
liabilities 704,410 848,679 121,359
Lease liabilities due within one
year 141,971 83,590 11,953
Income tax payable 157,057 44,787 6,404
Deferred consideration in
connection with business
acquisitions-current 28,027 47,839 6,841
Convertible Senior Notes-current 20,191 - -
Long-term borrowings, current
portion 1,938,385 2,118 303
Short-term borrowings 2,365,535 - -
Total current liabilities 6,398,532 2,079,791 297,408
Deferred consideration in
connection with business
acquisitions-non current 65,694 - -
Lease liabilities 115,105 39,986 5,718
Deferred tax liabilities 241,915 531,996 76,074
Long-term borrowings - 3,133 448
Other non-current liabilities 129,051 39,605 5,663
Total liabilities 6,950,297 2,694,511 385,311
Shareholder's equity (ii) 11,432,673 11,084,788 1,585,104
Total liabilities and shareholder's
equity 18,382,970 13,779,299 1,970,415
=========== =========== ===========
(ii): As of December 31, 2025, the number of ordinary shares outstanding
was 303,566,956.
Hello Group Inc.
Unaudited Condensed Consolidated Statement of Cash Flows
(All amounts in thousands, except share and per share data)
Three months Year
Ended December 31 Ended December 31
------------------------------ -----------------------------------
2024 2025 2025 2024 2025 2025
RMB RMB US$ RMB RMB US$
--------- --------- -------- ----------- ----------- ---------
Cash flows
from
operating
activities:
Net income 187,235 237,834 34,011 1,039,573 806,525 115,333
Adjustments
to reconcile
net income to
net cash
provided by
operating
activities:
Depreciation
of property
and
equipment 11,868 9,563 1,367 52,847 43,040 6,155
Amortization
of
intangible
assets 2,049 14,853 2,124 5,886 38,775 5,545
Share-based
compensation 42,493 33,434 4,781 192,572 162,745 23,273
Share of loss
(income) on
equity
method
investments 514 62,458 8,931 (59,216) 12,879 1,842
Gain or loss
on fair
value
changes of
short-term
investments - (3,902) (558) - (5,722) (819)
Returns on
investments 730 - - 1,927 797 114
Loss on
long-term
investments 46,639 - - 90,509 40 6
Gain or loss
on disposal
of property
and
equipment - (126) (18) (62) (465) (66)
Provision of
(income)
loss on
receivable
and other
assets (57) 1,008 144 3,618 6,893 986
Changes in
operating
assets and
liabilities:
Accounts
receivable (4,347) (380) (54) 7,605 (24,031) (3,436)
Prepaid
expenses and
other
current
assets 27,035 43,467 6,216 (64,811) 110,876 15,855
Amounts due
from related
parties - (291) (42) - (291) (42)
Rental
deposits - 213 30 (309) 11,375 1,627
Deferred tax
assets (128) (892) (128) (4,323) 1,369 196
Other
non-current
assets 101,561 37,285 5,332 (81,837) 150,978 21,590
Accounts
payable 8,139 33,181 4,745 (7,571) (37,788) (5,404)
Income tax
payable 63,625 25,373 3,628 62,337 (112,568) (16,097)
Deferred
revenue (26,219) (3,565) (510) (25,651) 17,452 2,496
Accrued
expenses and
other
current
liabilities 78,250 66,599 9,524 139,607 (136,112) (19,464)
Deferred tax
liabilities (81,498) 21,325 3,049 212,835 235,554 33,684
Other
non-current
liabilities (34,247) (27,725) (3,965) 74,458 (99,212) (14,187)
----------- ----------- ---------
Net cash
provided by
operating
activities 423,642 549,712 78,607 1,639,994 1,183,109 169,187
Cash flows
from
investing
activities:
Purchase of
property and
equipment (21,727) (320,178) (45,785) (285,541) (492,517) (70,429)
Payment for
long-term
investments (35,959) (39,969) (5,715) (69,209) (482,259) (68,962)
Payment for
business
acquisition (136,642) (27,109) (3,877) (136,642) (633,877) (90,643)
Purchase of
term
deposits - (46,993) (6,720) (2,851,946) (2,592,723) (370,754)
Cash received
on maturity
of term
deposits 1,247,165 1,443,669 206,442 3,047,041 4,536,981 648,780
Payment for
short-term
investments - (104,382) (14,926) - (122,396) (17,502)
Cash received
from sales
of long-term
investment - - - 2,000 - -
Returns of
investments 120 - - 120 1,145 164
Loan to a
third-party
company (168,933) (3,521) (503) (265,613) (47,735) (6,826)
Loan to a
related
party - (3,000) (429) - (3,000) (429)
Other
investing
activities 8 196 28 903 851 122
----------- ----------- ---------
Net cash
provided by
(used in)
investing
activities 884,032 898,713 128,515 (558,887) 164,470 23,521
Cash flows
from
financing
activities:
Proceeds from
exercise of
share
options 1 - - 18 5 1
Repurchase of
ordinary
shares (425,176) (304,098) (43,485) (1,197,439) (749,983) (107,246)
Deferred
payment for
business
acquisition - - - - (17,132) (2,450)
Dividends
payment - - - (716,302) (346,182) (49,503)
Payment in
relation to
redemption
of
convertible
bonds - - - - (20,221) (2,892)
Proceeds from
short-term
borrowings - - - 2,365,535 - -
Repayment of
short-term
borrowings - - - - (2,365,535) (338,267)
Repayment of
long-term
borrowings - (586) (84) (215,615) (1,940,122) (277,434)
----------- ----------- ---------
Net cash
(used in)
provided by
financing
activities (425,175) (304,684) (43,569) 236,197 (5,439,170) (777,791)
Effect of
exchange
rate
changes 172,439 (19,585) (2,801) 42,205 (110,196) (15,765)
--------- --------- -------- ----------- ----------- ---------
Net increase
(decrease)
in cash and
cash
equivalents 1,054,938 1,124,156 160,752 1,359,509 (4,201,787) (600,848)
Cash, cash
equivalents
and
restricted
cash at the
beginning of
period 8,587,483 4,316,478 617,248 8,282,912 9,642,421 1,378,848
Cash, cash
equivalents
and
restricted
cash at the
end of
period 9,642,421 5,440,634 778,000 9,642,421 5,440,634 778,000
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 December 31, 2024 Ended December 31, 2025 Ended December 31, 2025
---------------------------------------------------- ------------------------------------------------------------------ --------------------------------------------------------------
Amortization Amortization Amortization
of of of
intangible intangible intangible
assets from assets from assets from
business Share-based business Share-based Tax business Share-based Tax
GAAP acquisitions compensation Non-GAAP GAAP acquisitions compensation impacts(iii) Non-GAAP GAAP acquisitions compensation impacts(iii) Non-GAAP
RMB RMB RMB RMB RMB RMB RMB RMB RMB US$ US$ US$ US$ US$
----------- ------------ ------------ ----------- ----------- ------------ ------------ ------------ ----------- --------- ------------ ------------ ------------ ---------
Cost of
revenues (1,724,821) 128 1,822 (1,722,871) (1,611,502) 6,840 2,752 - (1,601,910) (230,442) 978 394 - (229,070)
Research and
development (222,684) 120 10,198 (212,366) (216,558) 1,727 10,926 - (203,905) (30,967) 247 1,562 - (29,158)
Sales and
marketing (316,699) 521 4,480 (311,698) (348,299) 5,006 3,418 - (339,875) (49,806) 716 489 - (48,601)
General and
administrative (143,621) - 25,993 (117,628) (102,051) - 16,338 - (85,713) (14,593) - 2,336 - (12,257)
----------- ---------
Cost and
operating
expenses (2,407,825) 769 42,493 (2,364,563) (2,278,410) 13,573 33,434 - (2,231,403) (325,808) 1,941 4,781 - (319,086)
Income from
operations 236,686 769 42,493 279,948 307,056 13,573 33,434 - 354,063 43,909 1,941 4,781 - 50,631
Net income
attributable
to Hello Group
Inc. 187,235 769 42,493 230,497 237,335 13,573 33,434 (3,030) 281,312 33,940 1,941 4,781 (433) 40,229
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-continued.
Year Year Year
Ended December 31, 2024 Ended December 31, 2025 Ended December 31, 2025
---------------------------------------------------- ------------------------------------------------------------------ ------------------------------------------------------------------
Amortization Amortization Amortization
of of of
intangible intangible intangible
assets from assets from assets from
business Share-based business Share-based Tax business Share-based Tax
GAAP acquisitions compensation Non-GAAP GAAP acquisitions compensation impacts(iii) Non-GAAP GAAP acquisitions compensation impacts(iii) Non-GAAP
RMB RMB RMB RMB RMB RMB RMB RMB RMB US$ US$ US$ US$ US$
----------- ------------ ------------ ----------- ----------- ------------ ------------ ------------ ----------- ----------- ------------ ------------ ------------ -----------
Cost of
revenues (6,447,341) 128 7,643 (6,439,570) (6,446,619) 13,345 8,406 - (6,424,868) (921,854) 1,908 1,202 - (918,744)
Research and
development (804,425) 120 43,526 (760,779) (779,449) 5,061 41,998 - (732,390) (111,460) 724 6,006 - (104,730)
Sales and
marketing (1,329,780) 521 19,520 (1,309,739) (1,368,658) 15,252 15,874 - (1,337,532) (195,715) 2,181 2,270 - (191,264)
General and
administrative (507,658) - 121,883 (385,775) (455,393) - 96,467 - (358,926) (65,120) - 13,795 - (51,325)
----------- -----------
Cost and
operating
expenses (9,089,204) 769 192,572 (8,895,863) (9,050,119) 33,658 162,745 - (8,853,716) (1,294,149) 4,813 23,273 - (1,266,063)
Income from
operations 1,532,770 769 192,572 1,726,111 1,354,563 33,658 162,745 - 1,550,966 193,701 4,813 23,273 - 221,787
Net income
attributable
to Hello Group
Inc. 1,039,573 769 192,572 1,232,914 804,013 33,658 162,745 (6,872) 993,544 114,974 4,813 23,273 (983) 142,077
(iii) Includes tax impacts related to the amortization of intangible
assets from business acquisition. There is no tax impact related to
share-based compensation.
View original content:https://www.prnewswire.com/news-releases/hello-group-inc-announces-unaudited-financial-results-for-the-fourth-quarter-and-fiscal-year-2025-302717129.html
SOURCE Hello Group Inc.
(END) Dow Jones Newswires
March 18, 2026 03:05 ET (07:05 GMT)