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Hello Group Inc

Hello Group Inc. Announces Unaudited Financial Results for the Third Quarter of 2025

BEIJING , Dec. 10, 2025 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) ("Hello Group" or the "Company"), a leading player in Asia's online social networking space, today announced its unaudited financial results for the 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.

F irst 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


GAAP

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

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


GAAP

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

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.







 

Cision 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.