BEIJING, Dec. 10, 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 third quarter of 2025.
Third Quarter of 2025 Highlights
-- Net revenues decreased by 0.9% year over year to RMB2,650.1 million
(US$372.3 million*) in the third quarter of 2025.
-- Net revenues from overseas increased by 69.0% year over year to RMB534.8
million (US$75.1 million) in the third quarter of 2025.
-- Net income attributable to Hello Group Inc. was RMB348.9 million (US$49.0
million) in the third quarter of 2025, compared to RMB449.4 million in
the same period of 2024.
-- Non-GAAP net income attributable to Hello Group Inc. (note 1) was
RMB404.5 million (US$56.8 million) in the third quarter of 2025, compared
to RMB493.3 million in the same period of 2024.
-- Diluted net income per American Depositary Share ("ADS") was RMB2.06
(US$0.29) in the third quarter of 2025, compared to RMB2.46 in the same
period of 2024.
-- Non-GAAP diluted net income per ADS (note 1) was RMB2.38 (US$0.33) in the
third quarter of 2025, compared to RMB2.70 in the same period of 2024.
-- For the Momo app total paying users was 3.7 million for the third quarter
of 2025, compared to 6.9 million for the same period last year, and 3.5
million from last quarter. Tantan** had 0.7 million paying users for the
third quarter of 2025 compared to 0.9 million from the year ago period
and 0.7 million from last quarter.
First Nine Months of 2025 Highlights
-- Net revenues decreased by 1.7% year over year to RMB7,791.3 million
(US$1,094.4 million) for the first nine months of 2025.
-- Net revenues from overseas increased by 71.0% year over year to
RMB1,391.8 million (US$195.5 million) for the first nine months of 2025.
-- Net income attributable to Hello Group Inc. was RMB566.7 million (US$79.6
million) for the first nine months of 2025, compared to RMB852.3 million
during the same period of 2024.
-- Non-GAAP net income attributable to Hello Group Inc. (note 1) was
RMB712.2 million (US$100.0 million) for the first nine months of 2025,
compared to RMB1,002.4 million during the same period of 2024.
-- Diluted net income per ADS was RMB3.32 (US$0.47) for the first nine
months of 2025, compared to RMB4.51 during the same period of 2024.
-- Non-GAAP diluted net income per ADS (note 1) was RMB4.17 (US$0.59) for
the first nine months of 2025, compared to RMB5.31 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 RMB7.119 to US$1.00, the effective
noon buying rate for September 30, 2025 as set forth in the H.10 statistical
release of the Federal Reserve Board.
** In line with our strategic focus on return on investment in user
acquisition and considering Tantan's diminished materiality to the Group's
revenue, we will discontinue the monitoring of Tantan's MAUs. We believe that
the number of Tantan's paying users represent a more meaningful metric that
better aligns with our current strategy and overall performance.
"Q3 was a busy quarter. I am pleased to see that our team responded swiftly to external challenges and delivered good results in both user and financial metrics." commented Yan Tang, Chairman and CEO of Hello Group. " As one of the earliest mobile social platforms in China, Momo has maintained strong brand relevance and user stickiness over the years. Continuous product innovation and algorithm enhancements have driven steady improvement in key user metrics, laying a solid foundation for the sustained performance of our cash cow business. On the overseas front, revenue continued to grow robustly, driven by the rapid expansion of multiple social entertainment and dating brands in our portfolio. We expect the overseas business to become an increasingly important contributor to the Group's future revenue growth."
Third Quarter of 2025 Financial Results
Net revenues
Total net revenues were RMB2,650.1 million (US$372.3 million) in the third quarter of 2025, a decrease of 0.9% from RMB2,674.7 million in the third 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 RMB2,611.4 million (US$366.8 million) in the third quarter of 2025, a decrease of 1.2% from RMB2,642.7 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's paying 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 RMB38.8 million (US$5.4 million) in the third quarter of 2025, compared to RMB32.0 million during the same period of 2024.
Net revenues from Chinese mainland decreased from RMB2,358.3 million in the third quarter of 2024 to RMB2,115.4 million (US$297.1 million) in the third quarter of 2025, primarily due to the decrease in net revenues from Momo app and Tantan app. Net revenues from overseas increased from RMB316.4 million in the third quarter of 2024 to RMB534.8 million (US$75.1 million) in the third quarter of 2025, driven by the growth of audio- and video-based products in the MENA region, primarily by the new apps, along with incremental revenue from other emerging brands.
Cost and expenses
Cost and expenses were RMB2,309.4 million (US$324.4 million) in the third quarter of 2025, an increase of 1.0% from RMB2,286.2 million in the third quarter of 2024. The increase was primarily attributable to: (a) an increase in revenue sharing with virtual gift recipients for overseas apps, partially offset by a decrease in revenue sharing with broadcasters on Momo apps; (b) an increase in commission fees paid to payment channels for overseas apps; and (c) an increase in amortization of intangible assets from business acquisitions.
Non-GAAP cost and expenses (note 1) were RMB2,250.0 million (US$316.1 million) in the third quarter of 2025, compared to RMB2,242.2 million during the same period of 2024.
Income from operations
Income from operations was RMB344.5 million (US$48.4 million) in the third quarter of 2025, compared to RMB410.7 million during the same period of 2024.
Non-GAAP income from operations (note 1) was RMB404.0 million (US$56.7 million) in the third quarter of 2025, compared to RMB454.7 million during the same period of 2024.
Income tax expenses
Income tax expenses were RMB65.1 million (US$9.1 million) in the third quarter of 2025, compared to RMB95.3 million in the third quarter of 2024. The decrease in income tax expenses was primarily due to the lower profit in the third quarter of 2025.
Net income
Net income was RMB349.6 million (US$49.1 million) in the third quarter of 2025, compared to RMB449.4 million during the same period of 2024.
Non-GAAP net income (note 1) was RMB405.2 million (US$56.9 million) in the third quarter of 2025, compared to RMB493.3 million during the same period of 2024.
Net income attributable to Hello Group Inc.
Net income attributable to Hello Group Inc. was RMB348.9 million (US$49.0 million) in the third quarter of 2025, compared to RMB449.4 million during the same period of 2024.
Non-GAAP net income (note 1) attributable to Hello Group Inc. was RMB404.5 million (US$56.8 million) in the third quarter of 2025, compared to RMB493.3 million during the same period of 2024.
Net income per ADS
Diluted net income per ADS was RMB2.06 (US$0.29) in the third quarter of 2025, compared to RMB2.46 in the third quarter of 2024.
Non-GAAP diluted net income per ADS (note 1) was RMB2.38 (US$0.33) in the third quarter of 2025, compared to RMB2.70 in the third quarter of 2024.
Cash and cash flow
As of September 30, 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 RMB8,861.9 million (US$1,244.8 million), compared to RMB14,728.5 million as of December 31, 2024.
Net cash provided by operating activities in the third quarter of 2025 was RMB143.5 million (US$20.2 million), compared to RMB341.0 million in the third quarter of 2024.
First Nine Months of 2025 Financial Results
Net revenues for the first nine months of 2025 were RMB7,791.3 million (US$1,094.4 million), a decrease of 1.7% from RMB7,926.5 million in the same period of 2024.
Net income attributable to Hello Group Inc. was RMB566.7 million (US$79.6 million) for the first nine months of 2025, compared to RMB852.3 million during the same period of 2024.
Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB712.2 million (US$100.0 million) for the first nine months of 2025, compared to RMB1,002.4 million during the same period of 2024.
Diluted net income per ADS was RMB3.32 (US$0.47) during the first nine months of 2025, compared to RMB4.51 in the same period of 2024.
Non-GAAP diluted net income per ADS (note 1) was RMB4.17 (US$0.59) during the first nine months of 2025, compared to RMB5.31 in the same period of 2024.
Net cash provided by operating activities was RMB633.4 million (US$89.0 million) during the first nine months of 2025, compared to RMB1,216.4 million in the same period of 2024.
Recent Development
Share repurchase program
As of December 10, 2025, the Company has repurchased 54.7 million ADSs for US$341.6 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$6.23 per ADS. The remaining size of the program is US$144.5 million.
Business Outlook
For the fourth quarter of 2025, the Company expects total net revenues to be between RMB2.52 billion to RMB2.62 billion, representing a decrease of 4.4% to 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, 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, December 10, 2025, at 7:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on December 10, 2025).
Participants can register for the conference call by navigating to:
https://s1.c-conf.com/diamondpass/10051507-10xa67.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 December 17, 2025. The dial-in details for the replay are as follows:
U.S. / Canada: 1-855-883-1031
Hong Kong: 800-930-639
Passcode: 10051507
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 fourth 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 third quarter of 2025 are preliminary, unaudited and subject to audit adjustment. In addition, we may not meet our financial outlook for the fourth 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 nine months
Ended September 30 Ended September 30
------------------------------------- -------------------------------------
2024 2025 2025 2024 2025 2025
RMB RMB US$ RMB RMB US$
----------- ----------- ----------- ----------- ----------- -----------
Net revenues(i):
Value-added
service 2,642,712 2,611,356 366,815 7,823,965 7,680,550 1,078,880
Other services 31,952 38,768 5,446 102,510 110,777 15,561
----------- ----------- ----------- ----------- ----------- -----------
Total net
revenues 2,674,664 2,650,124 372,261 7,926,475 7,791,327 1,094,441
Cost and
expenses:
Cost of revenues (1,623,723) (1,658,331) (232,944) (4,722,520) (4,835,117) (679,185)
Research and
development (196,382) (183,263) (25,743) (581,741) (562,891) (79,069)
Sales and
marketing (354,881) (343,854) (48,301) (1,013,081) (1,020,359) (143,329)
General and
administrative (111,174) (123,992) (17,417) (364,037) (353,342) (49,634)
----------- ----------- -----------
Total cost and
expenses (2,286,160) (2,309,440) (324,405) (6,681,379) (6,771,709) (951,217)
Other operating
income, net 22,221 3,842 540 50,988 27,889 3,918
----------- ----------- ----------- ----------- ----------- -----------
Income from
operations 410,725 344,526 48,396 1,296,084 1,047,507 147,142
Interest income 134,875 90,309 12,686 386,919 316,160 44,411
Interest expense (34,809) (18,333) (2,575) (91,000) (72,409) (10,171)
Other gain or
loss, net - 1,820 256 (43,870) 1,780 250
----------- ----------- ----------- ----------- ----------- -----------
Income before
income tax and
share of income
(loss) on
equity method
investments 510,791 418,322 58,763 1,548,133 1,293,038 181,632
Income tax
expenses (95,298) (65,130) (9,149) (755,525) (773,926) (108,713)
----------- ----------- ----------- ----------- ----------- -----------
Income before
share of income
(loss) on
equity method
investments 415,493 353,192 49,614 792,608 519,112 72,919
Share of income
(loss) on
equity method
investments 33,876 (3,579) (503) 59,730 49,579 6,964
----------- ----------- ----------- ----------- ----------- -----------
Net income 449,369 349,613 49,111 852,338 568,691 79,883
=========== =========== =========== =========== =========== ===========
Less: net income
attributable to
non-controlling
interest - 725 102 - 2,013 283
----------- ----------- ----------- ----------- ----------- -----------
Net income
attributable to
the
shareholders of
Hello Group
Inc. 449,369 348,888 49,009 852,338 566,678 79,600
=========== =========== ===========
Net income per
share
attributable to
ordinary
shareholders
Basic 1.29 1.05 0.15 2.36 1.69 0.24
Diluted 1.23 1.03 0.14 2.26 1.66 0.23
Weighted average
shares used in
calculating net
income per
ordinary share
Basic 347,943,851 332,480,464 332,480,464 361,613,017 334,932,043 334,932,043
Diluted 365,942,405 339,420,383 339,420,383 377,697,017 341,305,373 341,305,373
(i) The following table presents revenues
by geographic area based on the addresses
of our customers of our users:
Three months First nine months
Ended September 30 Ended September 30
------------------------------------- -------------------------------------
2024 2025 2025 2024 2025 2025
RMB RMB US$ RMB RMB US$
----------- ----------- ----------- ----------- ----------- -----------
Chinese mainland 2,358,283 2,115,350 297,141 7,112,639 6,399,512 898,934
Overseas 316,381 534,774 75,120 813,836 1,391,815 195,507
----------- ----------- ----------- ----------- ----------- -----------
Total 2,674,664 2,650,124 372,261 7,926,475 7,791,327 1,094,441
=========== =========== =========== =========== =========== ===========
Hello Group Inc.
Unaudited Condensed Consolidated Statement of Comprehensive Income
(All amounts in thousands, except share and per share data)
Three months First nine months
Ended September 30 Ended September 30
---------------------------- ------------------------------
2024 2025 2025 2024 2025 2025
--------- -------- ------- --------- --------- --------
RMB RMB US$ RMB RMB US$
--------- -------- ------- --------- --------- --------
Net income 449,369 349,613 49,111 852,338 568,691 79,883
Other
comprehensive
loss, net of
tax:
Foreign currency
translation
adjustment (287,150) (39,713) (5,578) (190,687) (156,527) (21,987)
--------- -------- ------- --------- --------- --------
Comprehensive
income 162,219 309,900 43,533 661,651 412,164 57,896
Less:
comprehensive
loss attributed
to the
non-controlling
interest (6,400) (1,297) (182) (2,114) (2,816) (396)
--------- -------- ------- --------- --------- --------
Comprehensive
income
attributable to
Hello Group
Inc. 168,619 311,197 43,715 663,765 414,980 58,292
========= ======== ======= ========= ========= ========
Hello Group Inc.
Unaudited Condensed Consolidated Balance Sheets
(All amounts in thousands, except share and per share data)
December 31 September 30 September 30
2024 2025 2025
RMB RMB US$
----------- ------------ ------------
Assets
Current assets
Cash and cash equivalents 4,122,659 4,192,578 588,928
Short-term deposits 2,026,245 4,525,808 635,736
Restricted cash 4,566,477 123,900 17,404
Short-term investment - 19,572 2,749
Accounts receivable, net of
allowance for credit losses of
RMB12,433 and RMB17,636 as of
December 31, 2024 and September
30, 2025, respectively 192,317 248,915 34,965
Prepaid expenses and other
current assets 1,104,172 824,153 115,768
Total current assets 12,011,870 9,934,926 1,395,550
Long-term deposits 3,059,860 - -
Long-term restricted cash 953,285 - -
Right-of-use assets, net 252,169 148,998 20,930
Property and equipment, net 897,036 1,014,094 142,449
Intangible assets, net 86,661 265,507 37,296
Rental deposits 13,280 3,839 539
Long-term investments 825,533 1,551,807 217,981
Other non-current assets 110,960 172,710 24,260
Deferred tax assets 36,066 33,805 4,749
Goodwill 136,250 615,300 86,431
Total assets 18,382,970 13,740,986 1,930,185
=========== ============ ============
Liabilities and equity
Current liabilities
Accounts payable 615,254 552,338 77,586
Deferred revenue 427,702 473,129 66,460
Accrued expenses and other
current liabilities 704,410 692,217 97,235
Lease liabilities due within one
year 141,971 92,929 13,054
Income tax payable 157,057 19,548 2,746
Deferred consideration in
connection with business
acquisitions-current 28,027 76,093 10,689
Convertible Senior Notes-current 20,191 - -
Long-term borrowings, current
portion 1,938,385 2,610 367
Short-term borrowings 2,365,535 - -
Total current liabilities 6,398,532 1,908,864 268,137
Deferred consideration in
connection with business
acquisitions-non current 65,694 - -
Lease liabilities 115,105 60,859 8,549
Deferred tax liabilities 241,915 513,495 72,130
Long-term borrowings - 3,508 493
Other non-current liabilities 129,051 47,543 6,678
Total liabilities 6,950,297 2,534,269 355,987
Shareholder's equity (ii) 11,432,673 11,206,717 1,574,198
Total liabilities and
shareholder's equity 18,382,970 13,740,986 1,930,185
=========== ============ ============
(ii): As of September 30, 2025, the number of
ordinary shares outstanding was 314,131,458.
Hello Group Inc.
Unaudited Condensed Consolidated Statement of Cash Flows
(All amounts in thousands, except share and per share data)
Three months First nine months
Ended September 30 Ended September 30
----------------------------------- -----------------------------------
2024 2025 2025 2024 2025 2025
RMB RMB US$ RMB RMB US$
----------- ----------- --------- ----------- ----------- ---------
Cash flows
from
operating
activities:
Net income 449,369 349,613 49,111 852,338 568,691 79,883
Adjustments
to reconcile
net income to
net cash
provided by
operating
activities:
Depreciation
of property
and
equipment 13,144 9,857 1,385 40,979 33,477 4,702
Amortization
of
intangible
assets 1,279 10,076 1,415 3,837 23,922 3,360
Share-based
compensation 43,951 50,650 7,115 150,079 129,311 18,165
Share of
(income)
loss on
equity
method
investments (33,876) 3,579 503 (59,730) (49,579) (6,964)
Gain or loss
on fair
value
changes of
short-term
investments - (1,820) (256) - (1,820) (256)
Returns on
investments - - - 1,197 797 112
Loss on
long-term
investments - - - 43,870 40 6
Gain or loss
on disposal
of property
and
equipment (142) (91) (13) (62) (339) (48)
Provision of
loss on
receivable
and other
assets 1,754 168 24 3,675 5,885 827
Changes in
operating
assets and
liabilities:
Accounts
receivable (3,876) 13,340 1,874 11,952 (23,651) (3,322)
Prepaid
expenses and
other
current
assets (97,212) 189,050 26,556 (91,846) 67,409 9,469
Rental
deposits 493 3,256 457 (309) 11,162 1,568
Deferred tax
assets (117) 1,340 188 (4,195) 2,261 318
Other
non-current
assets 22,945 32,021 4,498 (183,398) 113,693 15,970
Accounts
payable 16,036 (61,473) (8,635) (15,710) (70,969) (9,969)
Income tax
payable 35,209 (400,264) (56,225) (1,288) (137,941) (19,376)
Deferred
revenue (838) 9,298 1,306 568 21,017 2,952
Accrued
expenses and
other
current
liabilities (3,390) (60,925) (8,558) 61,357 (202,711) (28,475)
Deferred tax
liabilities (85,088) 20,333 2,856 294,333 214,229 30,093
Other
non-current
liabilities (18,688) (24,461) (3,436) 108,705 (71,487) (10,042)
----------- ----------- ---------
Net cash
provided by
operating
activities 340,953 143,547 20,165 1,216,352 633,397 88,973
Cash flows
from
investing
activities:
Purchase of
property and
equipment (19,796) (118,363) (16,626) (263,814) (172,339) (24,208)
Payment for
long-term
investments (28,000) (369,697) (51,931) (33,250) (442,290) (62,128)
Payment for
business
acquisition - (412,378) (57,926) - (606,768) (85,232)
Purchase of
short-term
deposits (2,133,086) (2,545,730) (357,597) (2,133,086) (2,545,730) (357,597)
Cash received
on maturity
of
short-term
deposits - 353,022 49,589 1,081,016 1,460,267 205,122
Payment for
short-term
investments - (18,014) (2,530) - (18,014) (2,530)
Purchase of
long-term
deposits - - - (718,860) - -
Cash received
on maturity
of long-term
deposits - 1,483,045 208,322 718,860 1,633,045 229,392
Cash received
from sales
of long-term
investment - - - 2,000 - -
Returns of
investments - 1,145 161 - 1,145 161
Loan to a
third-party
company (96,680) (10,458) (1,469) (96,680) (44,214) (6,211)
Other
investing
activities 212 161 23 895 655 92
----------- ----------- ---------
Net cash used
in investing
activities (2,277,350) (1,637,267) (229,984) (1,442,919) (734,243) (103,139)
Cash flows
from
financing
activities:
Proceeds from
exercise of
share
options 4 1 - 17 5 1
Repurchase of
ordinary
shares (265,441) (147,160) (20,671) (772,263) (445,885) (62,633)
Deferred
payment for
business
acquisition - (17,132) (2,407) - (17,132) (2,407)
Dividends
payment - - - (716,302) (346,182) (48,628)
Payment in
relation to
redemption
of
convertible
bonds - - - - (20,221) (2,840)
Proceeds from
short-term
borrowings 1,033,900 - - 2,365,535 - -
Repayment of
short-term
borrowings - (675,000) (94,817) - (2,365,535) (332,285)
Repayment of
long-term
borrowings (215,400) (1,938,862) (272,350) (215,615) (1,939,536) (272,445)
----------- ----------- ---------
Net cash
provided by
(used in)
financing
activities 553,063 (2,778,153) (390,245) 661,372 (5,134,486) (721,237)
Effect of
exchange
rate
changes (178,773) (11,306) (1,591) (130,234) (90,611) (12,728)
----------- ----------- --------- ----------- ----------- ---------
Net
(decrease)
increase in
cash and
cash
equivalents (1,562,107) (4,283,179) (601,655) 304,571 (5,325,943) (748,131)
Cash, cash
equivalents
and
restricted
cash at the
beginning of
period 10,149,590 8,599,657 1,207,987 8,282,912 9,642,421 1,354,463
Cash, cash
equivalents
and
restricted
cash at the
end of
period 8,587,483 4,316,478 606,332 8,587,483 4,316,478 606,332
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 September 30, 2024 Ended September 30, 2025 Ended September 30, 2025
-------------------------------------- ------------------------------------------------------------------ --------------------------------------------------------------
Amortization Amortization
of of
intangible intangible
assets from assets from
Share-based business Share-based Tax business Share-based Tax
GAAP 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 US$ US$ US$ US$ US$
----------- ------------ ----------- ----------- ------------ ------------ ------------ ----------- --------- ------------ ------------ ------------ ---------
Cost of
revenues (1,623,723) 2,143 (1,621,580) (1,658,331) 3,480 2,320 - (1,652,531) (232,944) 489 326 - (232,129)
Research and
development (196,382) 11,030 (185,352) (183,263) 1,335 11,302 - (170,626) (25,743) 188 1,588 - (23,967)
Sales and
marketing (354,881) 4,774 (350,107) (343,854) 3,982 3,986 - (335,886) (48,301) 559 560 - (47,182)
General and
administrative (111,174) 26,004 (85,170) (123,992) - 33,042 - (90,950) (17,417) - 4,641 - (12,776)
----------- ---------
Cost and
operating
expenses (2,286,160) 43,951 (2,242,209) (2,309,440) 8,797 50,650 - (2,249,993) (324,405) 1,236 7,115 - (316,054)
Income from
operations 410,725 43,951 454,676 344,526 8,797 50,650 - 403,973 48,396 1,236 7,115 - 56,747
Net income
attributable
to Hello Group
Inc. 449,369 43,951 493,320 348,888 8,797 50,650 (3,842) 404,493 49,009 1,236 7,115 (540) 56,820
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.
First nine months First nine months First nine months
Ended September 30, 2024 Ended September 30, 2025 Ended September 30, 2025
-------------------------------------- ------------------------------------------------------------------ --------------------------------------------------------------
Amortization Amortization
of of
intangible intangible
assets from assets from
Share-based business Share-based Tax business Share-based Tax
GAAP 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 US$ US$ US$ US$ US$
----------- ------------ ----------- ----------- ------------ ------------ ------------ ----------- --------- ------------ ------------ ------------ ---------
Cost of
revenues (4,722,520) 5,821 (4,716,699) (4,835,117) 6,505 5,654 - (4,822,958) (679,185) 914 794 - (677,477)
Research and
development (581,741) 33,328 (548,413) (562,891) 3,334 31,072 - (528,485) (79,069) 468 4,365 - (74,236)
Sales and
marketing (1,013,081) 15,040 (998,041) (1,020,359) 10,246 12,456 - (997,657) (143,329) 1,439 1,750 - (140,140)
General and
administrative (364,037) 95,890 (268,147) (353,342) - 80,129 - (273,213) (49,634) - 11,256 - (38,378)
----------- ---------
Cost and
operating
expenses (6,681,379) 150,079 (6,531,300) (6,771,709) 20,085 129,311 - (6,622,313) (951,217) 2,821 18,165 - (930,231)
Income from
operations 1,296,084 150,079 1,446,163 1,047,507 20,085 129,311 - 1,196,903 147,142 2,821 18,165 - 168,128
Net income
attributable
to Hello Group
Inc. 852,338 150,079 1,002,417 566,678 20,085 129,311 (3,842) 712,232 79,600 2,821 18,165 (540) 100,046
(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-third-quarter-of-2025-302637628.html
SOURCE Hello Group Inc.
(END) Dow Jones Newswires
December 10, 2025 02:00 ET (07:00 GMT)