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Hello Group Inc. Announces Unaudited Financial Results for the First Quarter of 2026June 2, 2026 3:33 AM
PR Newswire (US) BEIJING, June 2, 2026 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) ("Hello Group" or the "Company"), a leading player in Asia's online social networking space, today announced its unaudited financial results for the first quarter of 2026.First Quarter of 2026 HighlightsNet revenues decreased by 5.3% year over year to RMB2,386.0 million (US$345.9 million) in the first quarter of 2026.Net revenues from overseas increased by 44.1% year over year to RMB597.4 million (US$86.6 million) in the first quarter of 2026.Net income attributable to the shareholders of Hello Group Inc. was RMB291.0 million (US$42.2 million) in the first quarter of 2026, compared to RMB358.0 million in the same period of 2025.Non-GAAP net income attributable to the shareholders of Hello Group Inc. (note 1) was RMB328.8 million (US$47.7 million) in the first quarter of 2026, compared to RMB403.8 million in the same period of 2025.Diluted net income per American Depositary Share ("ADS") was RMB1.81 (US$0.26) in the first quarter of 2026, compared to RMB2.07 in the same period of 2025.Non-GAAP diluted net income per ADS (note 1) was RMB2.05 (US$0.30) in the first quarter of 2026, compared to RMB2.34 in the same period of 2025.For Momo app, total paying users were 3.7 million for the first quarter of 2026, compared to 4.2 million for the same period last year, and 3.9 million from last quarter. Tantan had 0.6 million paying users for the first quarter of 2026 compared to 0.8 million from the year ago period and 0.6 million from last quarter. 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 RMB6.8980 to US$1.00, the effective noon buying rate for March 31, 2026 as set forth in the H.10 statistical release of the Federal Reserve Board."In the first quarter of 2026, the Group maintained steady business momentum." commented Yan Tang, Chairman and CEO of Hello Group. "Guided by our strategic focus, our domestic business continued to sustain the healthy operation of the cash cow business through a focus on product innovation and refined operations. Leveraging the synergy of a diversified product portfolio, our overseas business has maintained a positive development trend. Looking ahead, we are confident in our ability to execute on the strategic roadmap for each business line in 2026."First Quarter of 2026 Financial Results Net revenues Total net revenues were RMB2,386.0 million (US$345.9 million) in the first quarter of 2026, a decrease of 5.3% from RMB2,520.8 million in the first quarter of 2025.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 RMB2,353.6 million (US$341.2 million) in the first quarter of 2026, a decrease of 5.5% from RMB2,489.9 million during the same period of 2025. The decrease was primarily due to external factors that influenced the operational focus of certain broadcasters and agencies on Momo app, which are still in recovery, 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 RMB32.3 million (US$4.7 million) in the first quarter of 2026, compared to RMB30.9 million during the same period of 2025.Net revenues from Chinese mainland decreased from RMB2,106.2 million in the first quarter of 2025 to RMB1,788.6 million (US$259.3 million) in the first quarter of 2026, primarily due to the decrease in net revenues from Momo app and Tantan app. Net revenues from overseas increased from RMB414.6 million in the first quarter of 2025 to RMB597.4 million (US$86.6 million) in the first quarter of 2026, 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 RMB2,088.7 million (US$302.8 million) in the first quarter of 2026, a decrease of 6.5% from RMB2,234.5 million in the first quarter of 2025. The decrease was primarily attributable to: (a) a decrease in revenue sharing with broadcasters on Momo app, partially offset by an increased revenue sharing with virtual gift recipients on overseas apps; (b) a decrease in salary expenses and share-based compensation expenses, due to our continuous optimization in personnel costs and the newly granted share options which had lower fair value; and (c) partially offset by increased investment in marketing for our new overseas apps while we continued to reduce marketing expenses for China apps.Non-GAAP cost and expenses (note 1) were RMB2,049.3 million (US$297.1 million) in the first quarter of 2026, compared to RMB2,188.8 million during the same period of 2025.Income from operationsIncome from operations was RMB309.7 million (US$44.9 million) in the first quarter of 2026, compared to RMB299.5 million during the same period of 2025.Non-GAAP income from operations (note 1) was RMB349.2 million (US$50.6 million) in the first quarter of 2026, compared to RMB345.3 million during the same period of 2025. Interest incomeInterest income was RMB54.0 million (US$7.8 million) in the first quarter of 2026, compared to RMB120.3 million during the same period of 2025. The decrease was primarily attributable to: (a) a reduction in the total volume of interest-bearing funds, as a result of 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; (b) a lower proportion of high-yield US dollar funds in the total funds; and (c) a drop in the yield of both US dollar and RMB funds due to falling market interest rates.Income tax expenses Income tax expenses were RMB79.9 million (US$11.6 million) in the first quarter of 2026, compared to RMB70.4 million in the first quarter of 2025.Share of income on equity method investments Share of income on equity method investments was RMB8.5 million (US$1.2 million) in the first quarter of 2026, compared to RMB39.7 million during the same period of 2025. The decrease was primarily attributable to lower fair value gains recognized from an investment in an open mutual fund.Net income Net income was RMB291.5 million (US$42.3 million) in the first quarter of 2026, compared to RMB358.5 million during the same period of 2025.Non-GAAP net income (note 1) was RMB329.3 million (US$47.7 million) in the first quarter of 2026, compared to RMB404.3 million during the same period of 2025.Net income attributable to the shareholders of Hello Group Inc.Net income attributable to the shareholders of Hello Group Inc. was RMB291.0 million (US$42.2 million) in the first quarter of 2026, compared to RMB358.0 million during the same period of 2025.Non-GAAP net income (note 1) attributable to the shareholders of Hello Group Inc. was RMB328.8 million (US$47.7 million) in the first quarter of 2026, compared to RMB403.8 million during the same period of 2025.Net income per ADSDiluted net income per ADS was RMB1.81 (US$0.26) in the first quarter of 2026, compared to RMB2.07 in the first quarter of 2025.Non-GAAP diluted net income per ADS (note 1) was RMB2.05 (US$0.30) in the first quarter of 2026, compared to RMB2.34 in the first quarter of 2025.Cash and cash flowAs of March 31, 2026, the Company's cash, cash equivalents, short-term deposits, short-term investments, short-term restricted cash and long-term deposits totaled RMB8,561.0 million (US$1,241.1 million), compared to RMB8,677.6 million as of December 31, 2025.Net cash provided by operating activities in the first quarter of 2026 was RMB158.9 million (US$23.0 million), compared to RMB239.7 million in the first quarter of 2025.Recent DevelopmentPayment of a special cash dividendIn March 2026, Hello Group's board of directors declared a special cash dividend in the amount of US$0.28 per ADS, or US$0.14 per ordinary share. The cash dividend was paid in April 2026 to shareholders of record at the close of business on April 10, 2026. The aggregate amount of cash dividends paid was US$41.2 million.Share repurchase programAs of June 2, 2026, the Company has repurchased 63.7 million ADSs for US$399.5 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$6.25 per ADS. The remaining size of the program is US$86.6 million.Business OutlookFor the second quarter of 2026, the Company expects total net revenues to be between RMB2.45 billion and RMB2.55 billion, representing a decrease of 6.5% to 2.7% 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 measuresTo 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 the shareholders of 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 Tuesday, June 2, 2026, at 7:00 a.m. U.S. Eastern Time (7:00 p.m. Beijing / Hong Kong Time on June 2, 2026).Participants can register for the conference call by navigating to:
https://s1.c-conf.com/diamondpass/10054808-suvwn2.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 June 10, 2026. The dial-in details for the replay are as follows:U.S. / Canada: 1-855-883-1031
Hong Kong: 800-930-639
Passcode: 10054808Additionally, 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. Since 2019, we have continuously expanded our portfolio through internal incubation and strategic acquisitions, adding apps such as Hertz, Soulchill, and Happn. These products target more niche markets and selective user demographics both domestically and internationally, further strengthening our global presence.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 StatementThis 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 second 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 first quarter of 2026 are preliminary, unaudited and subject to audit adjustment. In addition, we may not meet our financial outlook for the second 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 monthsEnded March 31
2025
2026
2026
RMB
RMB
US$Net revenues(i):
Value-added service2,489,902
2,353,649
341,207Other services30,933
32,327
4,687Total net revenues2,520,835
2,385,976
345,894Cost and expenses:
Cost of revenues(1,569,074)
(1,463,328)
(212,138)Research and development(195,769)
(177,106)
(25,675)Sales and marketing(329,178)
(343,241)
(49,759)General and administrative(140,511)
(105,048)
(15,229)Total cost and expenses(2,234,532)
(2,088,723)
(302,801)Other operating income, net13,182
12,490
1,811Income from operations299,485
309,743
44,904Interest income120,338
54,017
7,831Interest expense(30,659)
(52)
(8)Other gain or loss, net-
(895)
(130)Income before income tax and share of income on equity method investments389,164
362,813
52,597Income tax expenses(70,406)
(79,850)
(11,576)Income before share of income on equity method investments318,758
282,963
41,021Share of income on equity method investments 39,731
8,538
1,238Net income 358,489
291,501
42,259Less: net income attributable to non-controlling interest495
453
66Net income attributable to the shareholders of Hello Group Inc.357,994
291,048
42,193Net income per share attributable to ordinary shareholders
Basic1.05
0.92
0.13Diluted1.04
0.91
0.13Weighted average shares used in calculating net income per ordinary share
Basic339,405,347
315,359,212
315,359,212Diluted345,905,274
321,322,687
321,322,687
(i) The following table presents revenues by geographic area based on the addresses of our customers of our users:
Three months Ended March 31
2025
2026
2026
RMB
RMB
US$Chinese mainland2,106,233
1,788,568
259,288Overseas414,602
597,408
86,606Total2,520,835
2,385,976
345,894 Hello Group Inc.Unaudited Condensed Consolidated Statement of Comprehensive Income(All amounts in thousands, except share and per share data)
Three months Ended March 31
2025
2026
2026
RMB
RMB
US$Net income 358,489
291,501
42,259Other comprehensive loss, net of tax:
Foreign currency translation adjustment(43,338)
(74,295)
(10,771)Comprehensive income315,151
217,206
31,488Less: comprehensive loss attributed to the non-controlling interest(599)
(2,700)
(391)Comprehensive income attributable to the shareholders of Hello Group Inc.315,750
219,906
31,879 Hello Group Inc.Unaudited Condensed Consolidated Balance Sheets(All amounts in thousands, except share and per share data)
December 31
March 31
March 31
2025
2026
2026RMBRMB
US$Assets
Current assets
Cash and cash equivalents5,320,022
5,408,023
783,999Short-term deposits3,112,207
2,856,680
414,132Restricted cash120,612
103,470
15,000Short-term investment124,713
162,778
23,598Accounts receivable, net of allowance for credit losses of RMB18,623 and RMB18,958 as of December 31, 2025 and March 31, 2026, respectively246,208
416,065
60,317Amounts due from related parties21,751
18,433
2,672Prepaid expenses and other current assets791,317
754,846
109,430Total current assets9,736,830
9,720,295
1,409,148Long-term deposits-
30,000
4,349Right-of-use assets, net118,799
78,356
11,359Property and equipment, net1,420,030
1,408,232
204,151Intangible assets, net240,716
225,481
32,688Rental deposits3,585
4,891
709Long-term investments1,514,042
1,526,586
221,308Other non-current assets114,384
115,408
16,731Deferred tax assets34,614
36,024
5,222Goodwill596,299
579,765
84,048Total assets13,779,299
13,725,038
1,989,713Liabilities and equity
Current liabilities
Accounts payable584,557
569,131
82,506Deferred revenue468,221
468,313
67,891Accrued expenses and other current liabilities848,679
769,462
111,549Lease liabilities due within one year83,590
58,752
8,517Income tax payable44,787
35,198
5,103Deferred consideration in connection with business acquisitions-current47,839
47,180
6,840Long-term borrowings, current portion2,118
1,957
284Dividends payable-
284,426
41,233Total current liabilities2,079,791
2,234,419
323,923Lease liabilities39,986
27,708
4,017Deferred tax liabilities531,996
550,249
79,769Long-term borrowings3,133
2,324
337Other non-current liabilities39,605
49,661
7,199Total liabilities2,694,511
2,864,361
415,245Shareholder's equity (ii)11,084,788
10,860,677
1,574,468Total liabilities and shareholder's equity13,779,299
13,725,038
1,989,713
(ii): As of March 31, 2026, the number of ordinary shares outstanding was 295,494,802.
Hello Group Inc.Unaudited Condensed Consolidated Statement of Cash Flows(All amounts in thousands, except share and per share data)
Three months
Ended March 31
2025
2026
2026
RMB
RMB
US$Cash flows from operating activities:
Net income358,489
291,501
42,259Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment12,391
15,828
2,295Amortization of intangible assets6,191
9,410
1,364Share-based compensation40,860
31,305
4,539Share of income on equity method investments(39,731)
(8,538)
(1,238)Gain or loss on fair value changes of short-term investments-
895
130Returns on investments508
-
-Gain or loss on disposal of property and equipment(102)
-
-Provision of loss on receivable and other assets5,405
435
63Changes in operating assets and liabilities:
Accounts receivable(19,144)
(171,970)
(24,930)Prepaid expenses and other current assets11,375
53,628
7,774Amounts due from related parties-
(142)
(21)Rental deposits(110)
(17)
(2)Deferred tax assets340
(1,451)
(210)Other non-current assets35,046
38,767
5,620Accounts payable(13,543)
(14,677)
(2,128)Income tax payable(100,979)
(9,516)
(1,380)Deferred revenue9,035
1,083
157Accrued expenses and other current liabilities(70,983)
(95,293)
(13,815)Deferred tax liabilities12,713
18,922
2,743Other non-current liabilities(8,040)
(1,266)
(184)Net cash provided by operating activities239,721
158,904
23,036Cash flows from investing activities:
Purchase of property and equipment(27,814)
(15,161)
(2,198)Payment for long-term investments-
(18,000)
(2,609)Payment for business acquisition(194,390)
-
-Purchase of term deposits-
(110,000)
(15,947)Cash received on maturity of term deposits1,257,245
326,904
47,391Payment for short-term investments-
(40,798)
(5,914)Returns of investments-
1,303
189Loan to a third-party company(27,478)
-
-Loan to a related party-
(3,930)
(570)Cash received from repayment of loans to a related party-
7,390
1,071Other investing activities192
97
14Net cash provided by investing activities1,007,755
147,805
21,427Cash flows from financing activities:
Proceeds from exercise of share options2
3
-Repurchase of ordinary shares(201,529)
(187,184)
(27,136)Advance payment for acquisition of non-controlling interest-
(20,918)
(3,032)Repayment of short-term borrowings(1,690,535)
-
-Repayment of long-term borrowings(395)
(732)
(106)Net cash used in financing activities(1,892,457)
(208,831)
(30,274)Effect of exchange rate changes(25,685)
(27,019)
(3,916)Net (decrease) increase in cash and cash equivalents (670,666)
70,859
10,273Cash, cash equivalents and restricted cash at the beginning of period9,642,421
5,440,634
788,726Cash, cash equivalents and restricted cash at the end of period8,971,755
5,511,493
798,999 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 to comparable GAAP measures.
Three months
Three months
Three monthsEnded March 31, 2025
Ended March 31, 2026
Ended March 31, 2026
GAAPAmortization of intangible assets from business acquisitions Share-based compensationNon-GAAP
GAAPAmortization of intangible assets from business acquisitions Share-based compensationTax impacts(iii)Non-GAAP
GAAPAmortization of intangible assets from business acquisitions Share-based compensationTax impacts(iii)Non-GAAPRMBRMBRMBRMBRMBRMBRMBRMB RMBUS$US$US$US$US$Cost of revenues(1,569,074)1,2631,774(1,566,037)
(1,463,328)1,5832,526-(1,459,219)
(212,138)229366-(211,543)Research and development(195,769)8599,060(185,850)
(177,106)1,67810,194-(165,234)
(25,675)2431,478-(23,954)Sales and marketing(329,178)2,7904,311(322,077)
(343,241)4,8692,923-(335,449)
(49,759)706424-(48,629)General and administrative(140,511)-25,715(114,796)
(105,048)-15,662-(89,386)
(15,229)-2,271-(12,958)Cost and operating expenses(2,234,532)4,91240,860(2,188,760)
(2,088,723)8,13031,305-(2,049,288)
(302,801)1,1784,539-(297,084)Income from operations299,4854,91240,860345,257
309,7438,13031,305-349,178
44,9041,1784,539-50,621Net income attributable to the shareholders of Hello Group Inc.357,9944,91240,860403,766
291,0488,13031,305(1,653)328,830
42,1931,1784,539(240)47,670
(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-first-quarter-of-2026-302788171.htmlSOURCE Hello Group Inc. Original: Hello Group Inc. Announces Unaudited Financial Results for the First Quarter of 2026
US Market News
3月前
Hello Group Inc. Announces Unaudited Financial Results for the Fourth Quarter and Fiscal Year 2025March 18, 2026 3:05 AM
PR Newswire (US)
BEIJING, March 18, 2026 /PRNewswire/ -- Hello Group Inc. (NASDAQ: 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 HighlightsNet 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 HighlightsNet 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 operationsIncome 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 ADSDiluted 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 flowAs 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 ResultsNet 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 DevelopmentDeclaration of a special cash dividendHello 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 programAs 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 OutlookFor 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 measuresTo 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: 10053257Additionally, 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 StatementThis 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 service2,591,615
2,533,104
362,229
10,415,580
10,213,654
1,460,533
Other services44,881
42,665
6,101
147,391
153,442
21,942
Total net revenues2,636,496
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, net8,015
9,697
1,387
59,003
37,586
5,375
Income from operations236,686
307,056
43,909
1,532,770
1,354,563
193,701
Interest income124,045
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
investments277,246
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 investments187,749
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
Basic0.54
0.73
0.1
2.81
2.42
0.35
Diluted0.53
0.72
0.1
2.78
2.37
0.34
Weighted average shares used in calculating net income per ordinary share
Basic349,401,183
324,712,989
324,712,989
369,312,997
332,356,281
332,356,281
Diluted355,325,921
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 mainland2,279,440
1,967,582
281,360
9,392,079
8,367,094
1,196,479
Overseas357,056
608,187
86,970
1,170,892
2,000,002
285,996
Total2,636,496
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 adjustment322,935
(89,088)
(12,739)
132,248
(245,615)
(35,122)
Comprehensive income510,170
148,746
21,272
1,171,821
560,910
80,211
Less: comprehensive income (loss) attributed to the non-controlling interest7,225
(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
2025RMBRMB
US$Assets
Current assets
Cash and cash equivalents4,122,659
5,320,022
760,753Short-term deposits2,026,245
3,112,207
445,040Restricted cash4,566,477
120,612
17,247Short-term investment-
124,713
17,834Accounts receivable, net of allowance for credit losses of RMB12,433
and RMB18,623 as of December 31, 2024 and 2025,
respectively192,317
246,208
35,207Amounts due from related parties-
21,751
3,110Prepaid expenses and other current assets1,104,172
791,317
113,157Total current assets12,011,870
9,736,830
1,392,348Long-term deposits3,059,860
-
-Long-term restricted cash953,285
-
-Right-of-use assets, net252,169
118,799
16,988Property and equipment, net897,036
1,420,030
203,062Intangible assets, net86,661
240,716
34,422Rental deposits13,280
3,585
513Long-term investments825,533
1,514,042
216,505Other non-current assets110,960
114,384
16,357Deferred tax assets36,066
34,614
4,950Goodwill136,250
596,299
85,270Total assets18,382,970
13,779,299
1,970,415Liabilities and equity
Current liabilities
Accounts payable615,254
584,557
83,593Deferred revenue427,702
468,221
66,955Accrued expenses and other current liabilities704,410
848,679
121,359Lease liabilities due within one year141,971
83,590
11,953Income tax payable157,057
44,787
6,404Deferred consideration in connection with business acquisitions-current28,027
47,839
6,841Convertible Senior Notes-current20,191
-
-Long-term borrowings, current portion1,938,385
2,118
303Short-term borrowings2,365,535
-
-Total current liabilities6,398,532
2,079,791
297,408Deferred consideration in connection with business acquisitions-non current65,694
-
-Lease liabilities115,105
39,986
5,718Deferred tax liabilities241,915
531,996
76,074Long-term borrowings-
3,133
448Other non-current liabilities129,051
39,605
5,663Total liabilities6,950,297
2,694,511
385,311Shareholder's equity (ii)11,432,673
11,084,788
1,585,104Total liabilities and shareholder's equity18,382,970
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 income187,235
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 equipment11,868
9,563
1,367
52,847
43,040
6,155
Amortization of intangible assets2,049
14,853
2,124
5,886
38,775
5,545
Share-based compensation42,493
33,434
4,781
192,572
162,745
23,273
Share of loss (income) on equity method investments514
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 investments730
-
-
1,927
797
114
Loss on long-term investments46,639
-
-
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 assets27,035
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 assets101,561
37,285
5,332
(81,837)
150,978
21,590
Accounts payable8,139
33,181
4,745
(7,571)
(37,788)
(5,404)
Income tax payable63,625
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 liabilities78,250
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 activities423,642
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 deposits1,247,165
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 investments120
-
-
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 activities8
196
28
903
851
122
Net cash provided by (used in) investing activities884,032
898,713
128,515
(558,887)
164,470
23,521
Cash flows from financing activities:
Proceeds from exercise of share options1
-
-
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 changes172,439
(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 period8,587,483
4,316,478
617,248
8,282,912
9,642,421
1,378,848
Cash, cash equivalents and restricted cash at the end of period9,642,421
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 monthsEnded December 31, 2024
Ended December 31, 2025
Ended December 31, 2025
GAAPAmortization of intangible assets from business acquisitions Share-based compensationNon-GAAP
GAAPAmortization of intangible assets from business acquisitions Share-based compensationTax impacts(iii)Non-GAAP
GAAPAmortization of intangible assets from business acquisitions Share-based compensationTax impacts(iii)Non-GAAPRMBRMBRMBRMBRMBRMBRMBRMB RMBUS$US$US$US$US$Cost of revenues(1,724,821)1281,822(1,722,871)
(1,611,502)6,8402,752-(1,601,910)
(230,442)978394-(229,070)Research and development(222,684)12010,198(212,366)
(216,558)1,72710,926-(203,905)
(30,967)2471,562-(29,158)Sales and marketing(316,699)5214,480(311,698)
(348,299)5,0063,418-(339,875)
(49,806)716489-(48,601)General and administrative(143,621)-25,993(117,628)
(102,051)-16,338-(85,713)
(14,593)-2,336-(12,257)Cost and operating expenses(2,407,825)76942,493(2,364,563)
(2,278,410)13,57333,434-(2,231,403)
(325,808)1,9414,781-(319,086)Income from operations236,68676942,493279,948
307,05613,57333,434-354,063
43,9091,9414,781-50,631Net income attributable to Hello Group Inc.187,23576942,493230,497
237,33513,57333,434(3,030)281,312
33,9401,9414,781(433)40,229 Hello Group Inc.Reconciliation of Non-GAAP financial measures to comparable GAAP measures(All amounts in thousands, except per share data)
1.Reconciliation of Non-GAAP cost and operating expenses, income from operations, and net income (loss) to comparable GAAP measures-continued.
Year
Year
YearEnded December 31, 2024
Ended December 31, 2025
Ended December 31, 2025
GAAPAmortization of
intangible assets
from business
acquisitions Share-based
compensationNon-GAAP
GAAPAmortization of
intangible assets
from business
acquisitions Share-based
compensationTax
impacts(iii)Non-GAAP
GAAPAmortization of
intangible assets
from business
acquisitions Share-based
compensationTax
impacts(iii)Non-GAAPRMBRMBRMBRMBRMBRMBRMBRMB RMBUS$US$US$US$US$Cost of revenues(6,447,341)1287,643(6,439,570)
(6,446,619)13,3458,406-(6,424,868)
(921,854)1,9081,202-(918,744)Research and development(804,425)12043,526(760,779)
(779,449)5,06141,998-(732,390)
(111,460)7246,006-(104,730)Sales and marketing(1,329,780)52119,520(1,309,739)
(1,368,658)15,25215,874-(1,337,532)
(195,715)2,1812,270-(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)769192,572(8,895,863)
(9,050,119)33,658162,745-(8,853,716)
(1,294,149)4,81323,273-(1,266,063)Income from operations1,532,770769192,5721,726,111
1,354,56333,658162,745-1,550,966
193,7014,81323,273-221,787Net income attributable to Hello Group Inc.1,039,573769192,5721,232,914
804,01333,658162,745(6,872)993,544
114,9744,81323,273(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.htmlSOURCE Hello Group Inc.
Original: Hello Group Inc. Announces Unaudited Financial Results for the Fourth Quarter and Fiscal Year 2025