Hello Group Inc. Announces Unaudited Financial Results for the Fourth Quarter and Fiscal Year 2025
Rhea-AI Summary
Hello Group (NASDAQ: MOMO) reported unaudited Q4 and full-year 2025 results on March 18, 2026. Total net revenues were RMB2,575.8M in Q4 and RMB10,367.1M for 2025, declines of 2.3% and 1.9% respectively. Overseas revenue grew ~70% to RMB608.2M in Q4 and RMB2,000.0M for 2025. Net income attributable was RMB237.3M in Q4 and RMB804.0M for 2025. Cash balances declined to RMB8,677.6M as of Dec 31, 2025. The board declared a special cash dividend of US$0.28 per ADS payable Apr 30, 2026, and the company repurchased 60.3M ADSs totaling US$378.9M.
Positive
- Overseas revenue +70.8% YoY to RMB2,000.0M for full year 2025
- Share repurchases of 60.3M ADSs for US$378.9M under program
- Special dividend declared at US$0.28 per ADS (aggregate ~US$42.6M)
Negative
- Net income -22.6% YoY to RMB804.0M for full year 2025
- Cash balances -41% from RMB14,728.5M to RMB8,677.6M at year-end
- Operating cash flow -27.9% YoY to RMB1,183.1M for full year 2025
News Market Reaction – MOMO
On the day this news was published, MOMO gained 4.00%, reflecting a moderate positive market reaction. Argus tracked a peak move of +3.8% during that session. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $39M to the company's valuation, bringing the market cap to $1.02B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
MOMO was modestly lower (-0.5%) while peers were mixed: BMBL up 7.25%, CARS up 3.22%, OPRA up 1.51%, GRPN down 1.01%, TBLA flat. This points to stock-specific drivers rather than a sector-wide move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 10 | Q3 2025 earnings | Negative | -6.2% | Q3 2025 revenues and net income declined despite strong overseas growth. |
| Sep 09 | Q2 2025 earnings | Negative | -3.0% | Q2 2025 revenue drop, net loss driven by higher withholding tax accrual. |
| Jun 05 | Q1 2025 earnings | Positive | +13.0% | Q1 2025 profit recovery, strong overseas growth, dividend and buybacks. |
| Apr 28 | FY 2024 20-F | Neutral | -0.3% | Filing of FY2024 Form 20-F with audited financial statements. |
| Mar 12 | Q4/FY 2024 earnings | Negative | -8.4% | Q4 and FY2024 revenue declines and weaker user metrics, despite capital returns. |
Earnings and financial updates have often been followed by negative price reactions, especially when revenue or user metrics weakened, though occasional strong positive responses occurred when profitability and capital returns improved.
Over the past year, Hello Group’s earnings reports have highlighted modest revenue declines alongside strong overseas growth and pressured user metrics. Q4 and FY2024 results on Mar 12, 2025 showed double-digit revenue contraction and were followed by an -8.36% move. Subsequent 2025 quarters (Q1–Q3) showed low-single-digit revenue declines, sharp swings in profitability, and accelerating overseas revenues, paired with ongoing special dividends and buybacks. The current Q4/FY2025 release continues this pattern: slight top-line decline, growing overseas contribution, and continued capital return via dividends and repurchases.
Historical Comparison
In the last five earnings-related releases, MOMO moved on average -0.97%, often reacting negatively to modest revenue declines despite strong overseas growth and capital returns.
Across FY2024 and Q1–Q3 2025, Hello Group reported low-single-digit revenue declines, volatile profitability, and consistently strong overseas growth. The latest Q4/FY2025 earnings extend this pattern while adding another special dividend and continued share repurchases.
Market Pulse Summary
This announcement details Q4 and FY2025 results with net revenues of RMB10,367.1M (down 1.9% YoY) and strong overseas growth to RMB2,000.0M. Profitability improved in Q4 but softened for the full year, while cash levels declined after dividends, buybacks, and other outflows. A new special dividend of US$0.28 per ADS and ongoing repurchases continue capital returns. Investors may watch domestic user trends, overseas momentum, and execution against Q1 2026 revenue guidance of RMB2.3–2.4B.
Key Terms
non-GAAP financial
value-added service financial
withholding tax financial
AI-generated analysis. Not financial advice.
Fourth Quarter of 2025 Highlights
- Net revenues decreased by
2.3% year over year toRMB2,575.8 million (US *) in the fourth quarter of 2025.$368.3 million - Net revenues from overseas increased by
70.3% year over year toRMB608.2 million (US ) in the fourth quarter of 2025.$87.0 million - Net income attributable to Hello Group Inc. was
RMB237.3 million (US ) in the fourth quarter of 2025, compared to$33.9 million 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 ) in the fourth quarter of 2025, compared to$40.2 million RMB230.5 million in the same period of 2024. - Diluted net income per American Depositary Share ("ADS") was
RMB1.44 (US ) in the fourth quarter of 2025, compared to$0.21 RMB1.05 in the same period of 2024. - Non-GAAP diluted net income per ADS (note 1) was
RMB1.70 (US ) in the fourth quarter of 2025, compared to$0.24 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 toRMB10,367.1 million (US ) for the full year of 2025.$1,482.5 million - Net revenues from overseas increased by
70.8% year over year toRMB2,000.0 million (US ) for the full year of 2025.$286.0 million - Net income attributable to Hello Group Inc. was
RMB804.0 million (US ) for the full year of 2025, compared to$115.0 million 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 ) for the full year of 2025, compared to$142.1 million RMB1,232.9 million during the same period of 2024. - Diluted net income per ADS was
RMB4.75 (US ) for the full year of 2025, compared to$0.68 RMB5.57 during the same period of 2024. - Non-GAAP diluted net income per ADS (note 1) was
RMB5.87 (US ) for the full year of 2025, compared to$0.84 RMB6.60 during the same period of 2024.
* This press release contains translations of certain Renminbi amounts into |
"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
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
Other services revenues were
Net revenues from Chinese mainland decreased from
Cost and expenses
Cost and expenses were
Non-GAAP cost and expenses (note 1) were
Income from operations
Income from operations was
Non-GAAP income from operations (note 1) was
Income tax expenses
Income tax expenses were
Net income
Net income was
Non-GAAP net income (note 1) was
Net income attributable to Hello Group Inc.
Net income attributable to Hello Group Inc. was
Non-GAAP net income (note 1) attributable to Hello Group Inc. was
Net income per ADS
Diluted net income per ADS was
Non-GAAP diluted net income per ADS (note 1) was
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
Net cash provided by operating activities in the fourth quarter of 2025 was
Full Year 2025 Financial Results
Net revenues for the full year of 2025 were
Net income attributable to Hello Group Inc. was
Non-GAAP net income attributable to Hello Group Inc. (note 1) was
Diluted net income per ADS was
Non-GAAP diluted net income per ADS (note 1) was
Net cash provided by operating activities was
Recent Development
Declaration of a special cash dividend
Hello Group's board of directors has declared a special cash dividend in the amount of
Share repurchase program
As of March 18, 2026, the Company has repurchased 60.3 million ADSs for
Business Outlook
For the first quarter of 2026, the Company expects total net revenues to be between
Note 1: Non-GAAP measures
To supplement our consolidated financial statements presented in accordance with
Reconciliations of our non-GAAP financial measures to our
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
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:
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
For investor and media inquiries, please contact:
Hello Group Inc.
Investor Relations
Phone: +852-3157-1669
Email: ir@hellogroup.com
Christensen
In
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
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 | 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 | 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 | ||||||||||||
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 | ||||||||||||||
GAAP | Amortization of intangible assets from business acquisitions | Share-based compensation | Non-GAAP | GAAP | Amortization of intangible assets from business acquisitions | Share-based compensation | Tax impacts(iii) | Non-GAAP | GAAP | Amortization of intangible assets from business acquisitions | Share-based compensation | Tax 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 | ||||||||||||||
GAAP | Amortization of | Share-based | Non-GAAP | GAAP | Amortization of | Share-based | Tax | Non-GAAP | GAAP | Amortization of | Share-based | Tax | 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.
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