Hello Group Inc. Announces Unaudited Financial Results for the Second Quarter of 2026
Hello Group returned to profit with stronger overseas growth and cash flow, despite lower revenues and a weaker outlook for the third quarter of 2026.
Rhea-AI Summary
Hello Group (MOMO) reported second quarter 2026 net revenues of RMB2,486.0 million, down 5.1% year over year, while returning to profitability.
Net income attributable to shareholders was RMB237.4 million versus a loss of RMB140.2 million a year earlier, and non-GAAP net income reached RMB273.9 million. Overseas net revenues rose 52.0% to RMB672.7 million, offsetting declines in Chinese mainland, where revenues fell to RMB1,813.3 million. Operating income decreased to RMB238.0 million from RMB403.5 million, but operating cash flow improved sharply to RMB642.3 million from RMB250.1 million. Momo app paying users increased to 3.9 million, while Tantan paying users declined to 0.5 million. For the first half of 2026, revenues fell 5.2% to RMB4,872.0 million, but net income attributable to shareholders more than doubled to RMB528.5 million. The company has repurchased 68.0 million ADSs for US$424.1 million and guides Q3 2026 revenues to RMB2.4–2.5 billion, a 9.4%–5.7% YoY decline.
Positive
- Q2 2026 net income attributable RMB237.4 million vs. RMB140.2 million loss in Q2 2025
- Q2 2026 overseas revenues RMB672.7 million, up 52.0% year over year
- Q2 2026 operating cash flow RMB642.3 million vs. RMB250.1 million a year earlier
- H1 2026 net income attributable RMB528.5 million vs. RMB217.8 million in H1 2025
- Momo app paying users 3.9 million in Q2 2026 vs. 3.5 million a year earlier
- Share repurchases 68.0 million ADSs for US$424.1 million at US$6.22 average price
Negative
- Q2 2026 net revenues RMB2,486.0 million, down 5.1% year over year
- H1 2026 net revenues RMB4,872.0 million, down 5.2% from H1 2025
- Income from operations RMB238.0 million in Q2 2026 vs. RMB403.5 million in Q2 2025
- Chinese mainland revenues fell to RMB1,813.3 million in Q2 2026 from RMB2,177.9 million
- Tantan paying users declined to 0.5 million in Q2 2026 from 0.7 million a year ago
- Q3 2026 revenue guidance RMB2.4–2.5 billion, implying a 9.4%–5.7% year-over-year decline
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 02 | Q1 earnings | Negative | -6.0% | Revenue declined while net income fell, and shares dropped 6.04%. |
| Mar 18 | Q4 earnings | Neutral | +4.0% | Revenue declined, but overseas growth and capital returns accompanied a 4% gain. |
| Dec 10 | Q3 earnings | Negative | -6.2% | Revenue and net income declined, followed by a 6.16% share drop. |
| Sep 09 | Q2 earnings | Negative | -3.0% | Revenue fell and withholding tax drove a net loss; shares declined 2.96%. |
| Jun 05 | Q1 earnings | Positive | +13.0% | Net income improved sharply and overseas revenue grew; shares gained 12.96%. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings reactions were mostly directionally consistent with the selected event framing, with one mixed-event divergence.
Key Terms
non-gaap financial measures financial
withholding tax financial
equity method investments financial
wfoe regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Second Quarter of 2026 Highlights
- Net revenues decreased by
5.1% year over year toRMB2,486.0 million (US *) in the second quarter of 2026.$366.4 million - Net revenues from overseas increased by
52.0% year over year toRMB672.7 million (US ) in the second quarter of 2026.$99.1 million - Net income attributable to the shareholders of Hello Group Inc. was
RMB237.4 million (US ) in the second quarter of 2026, compared to a net loss of$35.0 million RMB140.2 million in the same period of 2025. - Non-GAAP net income attributable to the shareholders of Hello Group Inc. (note 1) was
RMB273.9 million (US ) in the second quarter of 2026, compared to a net loss of$40.4 million RMB96.0 million in the same period of 2025. In the second quarter of 2025, the Company accrued an additional withholding tax ofRMB547.9 million related to dividends paid or payable by its wholly foreign-owned enterprise ("WFOE") in Chinese mainland to its offshore parent company inHong Kong , Momo Hong Kong. - Diluted net income per American Depositary Share ("ADS") was
RMB1.52 (US ) in the second quarter of 2026, compared to a diluted net loss per ADS of$0.22 RMB0.84 in the same period of 2025. - Non-GAAP diluted net income per ADS (note 1) was
RMB1.75 (US ) in the second quarter of 2026, compared to a diluted net loss per ADS of$0.26 RMB0.58 in the same period of 2025. - For Momo app, total paying users were 3.9 million for the second quarter of 2026, compared to 3.5 million for the same period last year, and 3.7 million for the previous quarter. Tantan had 0.5 million paying users for the second quarter of 2026 compared to 0.7 million for the same period last year and 0.6 million for the previous quarter.
First Half of 2026 Highlights
- Net revenues decreased by
5.2% year over year toRMB4,872.0 million (US ) for the first half of 2026.$718.0 million - Net revenues from overseas increased by
48.2% year over year toRMB1,270.1 million (US ) for the first half of 2026.$187.2 million - Net income attributable to the shareholders of Hello Group Inc. was
RMB528.5 million (US ) for the first half of 2026, compared to$77.9 million RMB217.8 million during the same period of 2025. - Non-GAAP net income attributable to the shareholders of Hello Group Inc. (note 1) was
RMB602.7 million (US ) for the first half of 2026, compared to$88.8 million RMB307.7 million during the same period of 2025. - Diluted net income per ADS was
RMB3.33 (US ) for the first half of 2026, compared to$0.49 RMB1.27 during the same period of 2025. - Non-GAAP diluted net income per ADS (note 1) was
RMB3.80 (US ) for the first half of 2026, compared to$0.56 RMB1.80 during the same period of 2025.
* This press release contains translations of certain Renminbi amounts into |
"The Group maintained steady business momentum in the second quarter of 2026," commented Yan Tang, Chairman and CEO of Hello Group. "On the domestic front, Momo navigated external headwinds to sustain the healthy performance of our cash-cow business, while Tantan continued to strengthen its AI capabilities to enhance user experience and monetization efficiency. Overseas, our product portfolio shifted from single-product reliance to more balanced and diversified growth, with growing synergies across the portfolio."
Second Quarter of 2026 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
Interest income
Interest income was
Other gain or loss, net
Other gain or loss, net was a net loss of
Income tax expenses
Income tax expenses were
Share of income on equity method investments
Share of income on equity method investments was
Net income (loss)
Net income was
Non-GAAP net income (note 1) was
Net income (loss) attributable to the shareholders of Hello Group Inc.
Net income attributable to the shareholders of Hello Group Inc. was
Non-GAAP net income (note 1) attributable to the shareholders of Hello Group Inc. was
Net income (loss) per ADS
Diluted net income per ADS was
Non-GAAP diluted net income per ADS (note 1) was
Cash and cash flow
As of June 30, 2026, the Company's cash, cash equivalents, short-term deposits, short-term investments, short-term restricted cash and long-term deposits totaled
Net cash provided by operating activities in the second quarter of 2026 was
First Half of 2026 Financial Results
Net revenues for the first half of 2026 were
Net income attributable to the shareholders of Hello Group Inc. was
Non-GAAP net income attributable to the shareholders of 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
Share repurchase program
As of September 3, 2026, the Company has repurchased 68.0 million ADSs for
Appointment of New Chief Operating Officer
The board of directors has appointed Mr. Jianhua Wen as the chief operating officer of the Company, effective September 3, 2026. In connection with this appointment, Mr. Wen will cease serving as the chief technology officer of the Company on the same date.
Mr. Wen served as the chief technology officer of the Company from April 2024 to September 2026. He joined the Company in August 2011 and, prior to his appointment as the chief technology officer, held various positions, including development engineer, technical director and vice president of technology, overseeing the Company's app development and AI department. Before joining the Company, Mr. Wen served as a development engineer at Huawen Group from July 2010 to June 2011.
Business Outlook
For the third 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 (loss), net income (loss) attributable to the shareholders of Hello Group Inc., and diluted net income (loss) 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 Thursday, September 3, 2026, at 7:00 a.m. U.S. Eastern Time (7:00 p.m. Beijing / Hong Kong Time on September 3, 2026).
Participants can register for the conference call by navigating to:
https://s1.c-conf.com/diamondpass/10056690-cemk7n.html.
Upon registration, each participant will receive details for the conference call, including dial-in numbers, conference call passcode and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin.
A telephone replay of the call will be available after the conclusion of the conference call through September 10, 2026. The dial-in details for the replay are as follows:
Passcode: 10056690
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. 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 Statement
This news release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include but are not limited to our management quotes, our financial outlook for the third quarter of 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 second quarter of 2026 are preliminary, unaudited and subject to audit adjustment. In addition, we may not meet our financial outlook for the third 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 | First half year | |||||||||||
Ended June 30 | Ended June 30 | |||||||||||
2025 | 2026 | 2026 | 2025 | 2026 | 2026 | |||||||
RMB | RMB | US$ | RMB | RMB | US$ | |||||||
Net revenues(i): | ||||||||||||
Value-added service | 2,579,292 | 2,439,625 | 359,556 | 5,069,194 | 4,793,274 | 706,442 | ||||||
Other services | 41,076 | 46,352 | 6,832 | 72,009 | 78,679 | 11,595 | ||||||
Total net revenues | 2,620,368 | 2,485,977 | 366,388 | 5,141,203 | 4,871,953 | 718,037 | ||||||
Cost and expenses: | ||||||||||||
Cost of revenues | (1,607,712) | (1,599,304) | (235,708) | (3,176,786) | (3,062,632) | (451,376) | ||||||
Research and development | (183,859) | (182,949) | (26,963) | (379,628) | (360,055) | (53,066) | ||||||
Sales and marketing | (347,327) | (388,038) | (57,190) | (676,505) | (731,279) | (107,777) | ||||||
General and administrative | (88,839) | (90,036) | (13,270) | (229,350) | (195,084) | (28,752) | ||||||
Total cost and expenses | (2,227,737) | (2,260,327) | (333,131) | (4,462,269) | (4,349,050) | (640,971) | ||||||
Other operating income, net | 10,865 | 12,350 | 1,820 | 24,047 | 24,840 | 3,661 | ||||||
Income from operations | 403,496 | 238,000 | 35,077 | 702,981 | 547,743 | 80,727 | ||||||
Interest income | 105,513 | 53,568 | 7,895 | 225,851 | 107,585 | 15,856 | ||||||
Interest expense | (23,417) | (29) | (4) | (54,076) | (81) | (12) | ||||||
Other gain or loss, net | (40) | (25,087) | (3,697) | (40) | (25,982) | (3,829) | ||||||
Income before income tax and share of income on equity method investments | 485,552 | 266,452 | 39,271 | 874,716 | 629,265 | 92,742 | ||||||
Income tax expenses | (638,390) | (69,568) | (10,253) | (708,796) | (149,418) | (22,021) | ||||||
(Loss) income before share of income on equity method investments | (152,838) | 196,884 | 29,018 | 165,920 | 479,847 | 70,721 | ||||||
Share of income on equity method investments | 13,427 | 41,479 | 6,113 | 53,158 | 50,017 | 7,372 | ||||||
Net (loss) income | (139,411) | 238,363 | 35,131 | 219,078 | 529,864 | 78,093 | ||||||
Less: net income attributable to non-controlling interest | 793 | 928 | 137 | 1,288 | 1,381 | 204 | ||||||
Net (loss) income attributable to the shareholders of Hello Group Inc. | (140,204) | 237,435 | 34,994 | 217,790 | 528,483 | 77,889 | ||||||
Net (loss) income per share attributable to ordinary shareholders | ||||||||||||
Basic | (0.42) | 0.77 | 0.11 | 0.65 | 1.70 | 0.25 | ||||||
Diluted | (0.42) | 0.76 | 0.11 | 0.64 | 1.67 | 0.25 | ||||||
Weighted average shares used in calculating net (loss) income per ordinary share | ||||||||||||
Basic | 332,986,414 | 308,522,125 | 308,522,125 | 335,653,491 | 311,726,989 | 311,726,989 | ||||||
Diluted | 332,986,414 | 313,093,175 | 313,093,175 | 341,743,527 | 316,994,251 | 316,994,251 | ||||||
(i) The following table presents revenues by geographic area based on the addresses of our users: | ||||||||||||
Three months | First half year | |||||||||||
Ended June 30 | Ended June 30 | |||||||||||
2025 | 2026 | 2026 | 2025 | 2026 | 2026 | |||||||
RMB | RMB | US$ | RMB | RMB | US$ | |||||||
Chinese mainland | 2,177,929 | 1,813,297 | 267,247 | 4,284,162 | 3,601,865 | 530,850 | ||||||
Overseas | 442,439 | 672,680 | 99,141 | 857,041 | 1,270,088 | 187,187 | ||||||
Total | 2,620,368 | 2,485,977 | 366,388 | 5,141,203 | 4,871,953 | 718,037 | ||||||
Hello Group Inc. | ||||||||||||
Unaudited Condensed Consolidated Statement of Comprehensive Income | ||||||||||||
(All amounts in thousands, except share and per share data) | ||||||||||||
Three months | First half year | |||||||||||
Ended June 30 | Ended June 30 | |||||||||||
2025 | 2026 | 2026 | 2025 | 2026 | 2026 | |||||||
RMB | RMB | US$ | RMB | RMB | US$ | |||||||
Net (loss) income | (139,411) | 238,363 | 35,131 | 219,078 | 529,864 | 78,093 | ||||||
Other comprehensive loss, net of tax: | ||||||||||||
Foreign currency translation adjustment | (73,476) | (76,282) | (11,243) | (116,814) | (150,577) | (22,192) | ||||||
Comprehensive (loss) income | (212,887) | 162,081 | 23,888 | 102,264 | 379,287 | 55,901 | ||||||
Less: comprehensive loss attributed to the non-controlling interest | (920) | (2,916) | (430) | (1,519) | (5,616) | (828) | ||||||
Comprehensive (loss) income attributable to the shareholders of Hello | (211,967) | 164,997 | 24,318 | 103,783 | 384,903 | 56,729 | ||||||
Hello Group Inc. | |||||
Unaudited Condensed Consolidated Balance Sheets | |||||
(All amounts in thousands, except share and per share data) | |||||
December 31 | June 30 | June 30 | |||
2025 | 2026 | 2026 | |||
RMB | RMB | US$ | |||
Assets | |||||
Current assets | |||||
Cash and cash equivalents | 5,320,022 | 6,558,477 | 966,600 | ||
Short-term deposits | 3,112,207 | 1,749,255 | 257,808 | ||
Restricted cash | 120,612 | 20,355 | 3,000 | ||
Short-term investment | 124,713 | 184,349 | 27,170 | ||
Accounts receivable, net of allowance for credit losses of | 246,208 | 223,512 | 32,942 | ||
Amounts due from related parties | 21,751 | 15,030 | 2,215 | ||
Prepaid expenses and other current assets | 791,317 | 648,247 | 95,540 | ||
Total current assets | 9,736,830 | 9,399,225 | 1,385,275 | ||
Long-term deposits | - | 30,000 | 4,421 | ||
Right-of-use assets, net | 118,799 | 60,671 | 8,942 | ||
Property and equipment, net | 1,420,030 | 1,392,562 | 205,238 | ||
Intangible assets, net | 240,716 | 210,365 | 31,004 | ||
Rental deposits | 3,585 | 3,930 | 579 | ||
Long-term investments | 1,514,042 | 1,595,616 | 235,165 | ||
Other non-current assets | 114,384 | 47,689 | 7,028 | ||
Deferred tax assets | 34,614 | 35,349 | 5,210 | ||
Goodwill | 596,299 | 564,482 | 83,194 | ||
Total assets | 13,779,299 | 13,339,889 | 1,966,056 | ||
Liabilities and equity | |||||
Current liabilities | |||||
Accounts payable | 584,557 | 574,746 | 84,706 | ||
Deferred revenue | 468,221 | 459,108 | 67,664 | ||
Accrued expenses and other current liabilities | 848,679 | 687,673 | 101,350 | ||
Lease liabilities due within one year | 83,590 | 40,587 | 5,982 | ||
Income tax payable | 44,787 | 20,570 | 3,032 | ||
Deferred consideration in connection with business acquisitions-current | 47,839 | 46,408 | 6,840 | ||
Long-term borrowings, current portion | 2,118 | 1,702 | 251 | ||
Total current liabilities | 2,079,791 | 1,830,794 | 269,825 | ||
Lease liabilities | 39,986 | 24,056 | 3,545 | ||
Deferred tax liabilities | 531,996 | 565,753 | 83,382 | ||
Long-term borrowings | 3,133 | 1,816 | 268 | ||
Other non-current liabilities | 39,605 | 44,464 | 6,553 | ||
Total liabilities | 2,694,511 | 2,466,883 | 363,573 | ||
Shareholder's equity (ii) | 11,084,788 | 10,873,006 | 1,602,483 | ||
Total liabilities and shareholder's equity | 13,779,299 | 13,339,889 | 1,966,056 | ||
(ii): As of June 30, 2026, the number of ordinary shares outstanding was 287,271,368. | |||||
Hello Group Inc. | ||||||||||||
Unaudited Condensed Consolidated Statement of Cash Flows | ||||||||||||
(All amounts in thousands, except share and per share data) | ||||||||||||
Three months | First half year | |||||||||||
Ended June 30 | Ended June 30 | |||||||||||
2025 | 2026 | 2026 | 2025 | 2026 | 2026 | |||||||
RMB | RMB | US$ | RMB | RMB | US$ | |||||||
Cash flows from operating activities: | ||||||||||||
Net (loss) income | (139,411) | 238,363 | 35,131 | 219,078 | 529,864 | 78,093 | ||||||
Adjustments to reconcile net (loss) income to net cash provided by operating | ||||||||||||
Depreciation of property and equipment | 11,229 | 15,898 | 2,343 | 23,620 | 31,726 | 4,676 | ||||||
Amortization of intangible assets | 7,655 | 9,200 | 1,356 | 13,846 | 18,610 | 2,743 | ||||||
Share-based compensation | 37,801 | 30,146 | 4,444 | 78,661 | 61,451 | 9,057 | ||||||
Share of income on equity method investments | (13,427) | (41,479) | (6,113) | (53,158) | (50,017) | (7,372) | ||||||
Gain or loss on fair value changes of short-term investments | - | 25,087 | 3,697 | - | 25,982 | 3,829 | ||||||
Returns on investments | 289 | - | - | 797 | - | - | ||||||
Loss on long-term investments | 40 | - | - | 40 | - | - | ||||||
Gain or loss on disposal of property and equipment | (146) | 1,382 | 204 | (248) | 1,382 | 204 | ||||||
Provision of loss (income) on receivable and other assets | 312 | (325) | (48) | 5,717 | 110 | 16 | ||||||
Changes in operating assets and liabilities: | ||||||||||||
Accounts receivable | (17,847) | 192,026 | 28,301 | (36,991) | 20,056 | 2,956 | ||||||
Prepaid expenses and other current assets | (133,016) | 103,792 | 15,297 | (121,641) | 157,420 | 23,201 | ||||||
Amounts due from related parties | - | (98) | (14) | - | (240) | (35) | ||||||
Rental deposits | 8,016 | 858 | 126 | 7,906 | 841 | 124 | ||||||
Deferred tax assets | 581 | 627 | 92 | 921 | (824) | (121) | ||||||
Other non-current assets | 46,626 | 84,667 | 12,478 | 81,672 | 123,434 | 18,192 | ||||||
Accounts payable | 4,047 | 7,534 | 1,110 | (9,496) | (7,143) | (1,053) | ||||||
Income tax payable | 363,302 | (14,535) | (2,142) | 262,323 | (24,051) | (3,545) | ||||||
Deferred revenue | 2,684 | (7,983) | (1,177) | 11,719 | (6,900) | (1,017) | ||||||
Accrued expenses and other current liabilities | (70,803) | (11,312) | (1,667) | (141,786) | (106,605) | (15,712) | ||||||
Deferred tax liabilities | 181,183 | 16,264 | 2,397 | 193,896 | 35,186 | 5,186 | ||||||
Other non-current liabilities | (38,986) | (7,764) | (1,144) | (47,026) | (9,030) | (1,331) | ||||||
Net cash provided by operating activities | 250,129 | 642,348 | 94,671 | 489,850 | 801,252 | 118,091 | ||||||
Cash flows from investing activities: | ||||||||||||
Purchase of property and equipment | (26,162) | (15,043) | (2,217) | (53,976) | (30,204) | (4,452) | ||||||
Payment for long-term investments | (72,593) | (44,000) | (6,485) | (72,593) | (62,000) | (9,138) | ||||||
Payment for business acquisition | - | - | - | (194,390) | - | - | ||||||
Purchase of term deposits | - | (280,000) | (41,267) | - | (390,000) | (57,479) | ||||||
Cash received on maturity of term deposits | - | 1,379,613 | 203,330 | 1,257,245 | 1,706,517 | 251,509 | ||||||
Payment for short-term investments | - | (49,471) | (7,291) | - | (90,269) | (13,304) | ||||||
Returns of investments | - | - | - | - | 1,303 | 192 | ||||||
Loan to a third-party company | (6,278) | - | - | (33,756) | - | - | ||||||
Loan to a related party | - | - | - | - | (3,930) | (579) | ||||||
Cash received from repayment of loans to a related party | - | 3,500 | 516 | - | 10,890 | 1,605 | ||||||
Other investing activities | 302 | 2,406 | 355 | 494 | 2,503 | 369 | ||||||
Net cash (used in) provided by investing activities | (104,731) | 997,005 | 146,941 | 903,024 | 1,144,810 | 168,723 | ||||||
Cash flows from financing activities: | ||||||||||||
Proceeds from exercise of share options | 2 | - | - | 4 | 3 | - | ||||||
Repurchase of ordinary shares | (97,196) | (184,781) | (27,233) | (298,725) | (371,965) | (54,821) | ||||||
Dividends payment | (346,182) | (280,558) | (41,349) | (346,182) | (280,558) | (41,349) | ||||||
Deferred settlement of a share-based compensation liability | - | (82,361) | (12,139) | - | (82,361) | (12,139) | ||||||
Payment in relation to redemption of convertible bonds | (20,221) | - | - | (20,221) | - | - | ||||||
Advance payment for acquisition of non-controlling interest | - | - | - | - | (20,918) | (3,083) | ||||||
Repayment of short-term borrowings | - | (200) | (29) | (1,690,535) | (200) | (29) | ||||||
Repayment of long-term borrowings | (279) | (433) | (64) | (674) | (1,165) | (172) | ||||||
Net cash used in financing activities | (463,876) | (548,333) | (80,814) | (2,356,333) | (757,164) | (111,593) | ||||||
Effect of exchange rate changes | (53,620) | (23,681) | (3,492) | (79,305) | (50,700) | (7,471) | ||||||
Net (decrease) increase in cash and cash equivalents | (372,098) | 1,067,339 | 157,306 | (1,042,764) | 1,138,198 | 167,750 | ||||||
Cash, cash equivalents and restricted cash at the beginning of period | 8,971,755 | 5,511,493 | 812,294 | 9,642,421 | 5,440,634 | 801,850 | ||||||
Cash, cash equivalents and restricted cash at the end of period | 8,599,657 | 6,578,832 | 969,600 | 8,599,657 | 6,578,832 | 969,600 | ||||||
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 months | ||||||||||||||
Ended June 30, 2025 | Ended June 30, 2026 | Ended June 30, 2026 | ||||||||||||||
GAAP | Amortization of | Share-based | Non-GAAP | GAAP | Amortization of | Share-based | Tax impacts(iii) | Non-GAAP | GAAP | Amortization of | Share-based | Tax impacts(iii) | Non-GAAP | |||
RMB | RMB | RMB | RMB | RMB | RMB | RMB | RMB | RMB | US$ | US$ | US$ | US$ | US$ | |||
Cost of revenues | (1,607,712) | 1,762 | 1,560 | (1,604,390) | (1,599,304) | 1,537 | 2,257 | - | (1,595,510) | (235,708) | 227 | 333 | - | (235,148) | ||
Research and development | (183,859) | 1,140 | 10,710 | (172,009) | (182,949) | 1,635 | 10,014 | - | (171,300) | (26,963) | 241 | 1,476 | - | (25,246) | ||
Sales and marketing | (347,327) | 3,474 | 4,159 | (339,694) | (388,038) | 4,749 | 2,909 | - | (380,380) | (57,190) | 700 | 429 | - | (56,061) | ||
General and administrative | (88,839) | - | 21,372 | (67,467) | (90,036) | - | 14,966 | - | (75,070) | (13,270) | - | 2,206 | - | (11,064) | ||
Cost and operating expenses | (2,227,737) | 6,376 | 37,801 | (2,183,560) | (2,260,327) | 7,921 | 30,146 | - | (2,222,260) | (333,131) | 1,168 | 4,444 | - | (327,519) | ||
Income from operations | 403,496 | 6,376 | 37,801 | 447,673 | 238,000 | 7,921 | 30,146 | - | 276,067 | 35,077 | 1,168 | 4,444 | - | 40,689 | ||
Net (loss) income attributable to the shareholders of Hello Group Inc. | (140,204) | 6,376 | 37,801 | (96,027) | 237,435 | 7,921 | 30,146 | (1,596) | 273,906 | 34,994 | 1,168 | 4,444 | (235) | 40,371 | ||
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-continued. | |||||||||||||||
First half year | First half year | First half year | ||||||||||||||
Ended June 30, 2025 | Ended June 30, 2026 | Ended June 30, 2026 | ||||||||||||||
GAAP | Amortization of | Share-based | Non-GAAP | GAAP | Amortization of | Share-based | Tax impacts(iii) | Non-GAAP | GAAP | Amortization of | Share-based | Tax impacts(iii) | Non-GAAP | |||
RMB | RMB | RMB | RMB | RMB | RMB | RMB | RMB | RMB | US$ | US$ | US$ | US$ | US$ | |||
Cost of revenues | (3,176,786) | 3,025 | 3,334 | (3,170,427) | (3,062,632) | 3,120 | 4,783 | - | (3,054,729) | (451,376) | 460 | 705 | - | (450,211) | ||
Research and development | (379,628) | 1,999 | 19,770 | (357,859) | (360,055) | 3,313 | 20,208 | - | (336,534) | (53,066) | 488 | 2,978 | - | (49,600) | ||
Sales and marketing | (676,505) | 6,264 | 8,470 | (661,771) | (731,279) | 9,618 | 5,832 | - | (715,829) | (107,777) | 1,418 | 860 | - | (105,499) | ||
General and administrative | (229,350) | - | 47,087 | (182,263) | (195,084) | - | 30,628 | - | (164,456) | (28,752) | - | 4,514 | - | (24,238) | ||
Cost and operating expenses | (4,462,269) | 11,288 | 78,661 | (4,372,320) | (4,349,050) | 16,051 | 61,451 | - | (4,271,548) | (640,971) | 2,366 | 9,057 | - | (629,548) | ||
Income from operations | 702,981 | 11,288 | 78,661 | 792,930 | 547,743 | 16,051 | 61,451 | - | 625,245 | 80,727 | 2,366 | 9,057 | - | 92,150 | ||
Net income attributable to the shareholders of Hello Group Inc. | 217,790 | 11,288 | 78,661 | 307,739 | 528,483 | 16,051 | 61,451 | (3,249) | 602,736 | 77,889 | 2,366 | 9,057 | (479) | 88,833 | ||
(iii) Includes tax impacts related to the amortization of intangible assets from business acquisitions. 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-second-quarter-of-2026-302868775.html
SOURCE Hello Group Inc.
FAQ
How did Hello Group (MOMO) perform financially in Q2 2026?
Hello Group reported Q2 2026 net revenues of RMB2,486.0 million, down 5.1% year over year. Net income attributable to shareholders was RMB237.4 million, compared with a loss of RMB140.2 million in Q2 2025, with non-GAAP net income at RMB273.9 million.
What were Hello Group (MOMO) overseas and Chinese mainland revenues in Q2 2026?
In Q2 2026, overseas net revenues were RMB672.7 million, up 52.0% year over year. Net revenues from Chinese mainland declined to RMB1,813.3 million from RMB2,177.9 million, mainly due to lower revenues from the Momo and Tantan apps.
How profitable was Hello Group (MOMO) in the first half of 2026?
For the first half of 2026, Hello Group generated net revenues of RMB4,872.0 million, down 5.2% year over year. Net income attributable to shareholders rose to RMB528.5 million from RMB217.8 million, and non-GAAP net income attributable reached RMB602.7 million.
What is Hello Group (MOMO) guiding for Q3 2026 revenues?
For the third quarter of 2026, Hello Group expects total net revenues between RMB2.4 billion and RMB2.5 billion, representing a projected year-over-year decline of 9.4% to 5.7%, based on its current view of market and operational conditions.
How many paying users did Momo and Tantan have in Q2 2026?
In Q2 2026, the Momo app had 3.9 million paying users, up from 3.5 million a year earlier and 3.7 million in the prior quarter. Tantan had 0.5 million paying users, down from 0.7 million a year earlier and 0.6 million in the previous quarter.
What did Hello Group (MOMO) report about cash flow and liquidity in Q2 2026?
As of June 30, 2026, Hello Group held RMB8,542.4 million in cash, cash equivalents, deposits, investments and restricted cash. Net cash provided by operating activities in Q2 2026 was RMB642.3 million, up from RMB250.1 million in Q2 2025.
How much stock has Hello Group (MOMO) repurchased under its program?
As of September 3, 2026, Hello Group had repurchased 68.0 million ADSs on the open market for a total of US$424.1 million, at an average price of US$6.22 per ADS. The remaining authorized size of the share repurchase program is US$62.0 million.