Hello Group (MOMO) Company Report

Analyst Coverage

Research analysts who have asked questions during Hello Group earnings calls.

Thomas Chong

Jefferies Financial Group Inc.

8 questions for MOMO

Also covers: ATHM, BABA, BEKE +22 more

Xueqing Zhang

China International Capital Corporation

8 questions for MOMO

Also covers: BILI, IQ, NTES +4 more

Leo Chiang

Deutsche Bank

6 questions for MOMO

Also covers: ZKH

Jennifer Huang

UBS Group AG

2 questions for MOMO

Jiayun Fang

UBS

2 questions for MOMO

Jenny Jan

UBS Group AG

1 question for MOMO

Jenny Wan

UBS

1 question for MOMO

Jenny Wang

UBS Group AG

1 question for MOMO

Jiahui Wang

UBS Group AG

1 question for MOMO

Also covers: ECX

Yiqun Chen

BOCI

1 question for MOMO

Also covers: DOYU, EDU

Latest news

Recent press releases and 8-K filings for MOMO.

Hello Group Inc. Announces Unaudited Financial Results for Q3 2025

MOMO

Earnings

Guidance Update

Share Buyback

Hello Group Inc. reported net revenues of RMB2,650.1 million (US$372.3 million) for the third quarter of 2025, a 0.9% decrease year over year, and net income attributable to Hello Group Inc. of RMB348.9 million (US$49.0 million), compared to RMB449.4 million in the same period of 2024.
Overseas net revenues increased significantly by 69.0% year over year to RMB534.8 million (US$75.1 million) in Q3 2025. However, total paying users for the Momo app were 3.7 million in Q3 2025, down from 6.9 million in the prior year period.
As of December 10, 2025, the company repurchased 54.7 million ADSs for US$341.6 million under its share repurchase program, with US$144.5 million remaining.
For the fourth quarter of 2025, Hello Group Inc. expects total net revenues to be between RMB2.52 billion to RMB2.62 billion, representing a year-over-year decrease of 4.4% to 0.6%.

Dec 10, 2025, 2:22 PM

6-K

Hello Group Reports Q3 2025 Results with Revenue Decline and Overseas Growth

MOMO

Earnings

Guidance Update

M&A

Hello Group reported Q3 2025 total revenue of RMB 2.65 billion, a 1% year-over-year decrease, primarily due to a 10% decline in domestic revenue to RMB 2.12 billion, partially offset by a 69% surge in overseas revenue to RMB 535 million.
Adjusted operating income for Q3 2025 was RMB 404 million, down 11% year-over-year, with a margin of 15.2%, and non-GAAP gross margin decreased by 1.7 percentage points to 37.6%.
Momo's paying users increased by 200,000 quarter-over-quarter to 3.7 million in Q3 2025, driven by new gifting features in audio-based scenarios.
The company completed the acquisition of European dating product Happn at the end of Q3 2025, further enriching its overseas dating portfolio.
Hello Group anticipates its domestic business to decline by a low teens percentage for the full year 2025 and approximately 10% for the full year 2026, with overall group profitability expected to see some compression next year, largely from the domestic business.

Dec 10, 2025, 12:00 PM

Transcript

Hello Group Reports Q3 2025 Financial Results and Q4 2025 Guidance

MOMO

Earnings

Guidance Update

M&A

Hello Group reported Q3 2025 total revenue of RMB 2.65 billion, a 1% year-over-year decrease, and Non-GAAP net income attributable to the company of RMB 404.5 million.
Domestic revenue declined 10% year-over-year to RMB 2.12 billion due to tax scrutiny and softened consumer sentiment, while overseas revenue grew 69% year-over-year to RMB 535 million.
Momo's paying users increased by 200,000 quarter-over-quarter to 3.7 million in Q3 2025, and the company completed the acquisition of European dating product Happn at the end of Q3.
For Q4 2025, Hello Group estimates revenue to be in the range of RMB 2.52 billion to RMB 2.62 billion, representing a year-over-year decrease of 4.4% to 0.6%.

Dec 10, 2025, 12:00 PM

Transcript

Hello Group Reports Q3 2025 Financial Results

MOMO

Earnings

Guidance Update

Demand Weakening

Hello Group reported Q3 2025 total revenue of RMB 2.65 billion, a 1% year-over-year decrease, with domestic revenue down 10% and overseas revenue up 69% year-over-year.
Adjusted operating income was RMB 404 million, an 11% decrease year-over-year, resulting in a 15.2% margin. Non-GAAP net income attributable to the company was RMB 404.5 million.
The company's cash, cash equivalents, and investments totaled RMB 8.86 billion as of September 30, 2025, a decrease from RMB 14.73 billion at the end of 2024, primarily due to bank loan repayments, special cash dividends, and a one-off withholding tax payment.
For Q4 2025, revenue is projected to be between RMB 2.52 billion and RMB 2.62 billion, representing a 4.4% to 0.6% year-over-year decrease, with domestic revenue expected to decline by mid- to low-teens and overseas revenue maintaining a growth rate similar to Q3.
Momo's paying users increased by 200,000 quarter-over-quarter to 3.7 million in Q3 2025. The company's gross margin was 37.6% in Q3 2025, down 1.7 percentage points year-over-year, and is expected to be around 36%-37% at the Q4 2025 exit level due to increased revenue sharing and a structural shift towards overseas markets.

Dec 10, 2025, 12:00 PM

Transcript

Hello Group Inc. Announces Third Quarter 2025 Financial Results

MOMO

Earnings

Guidance Update

Share Buyback

Hello Group Inc. reported net revenues of RMB2,650.1 million (US$372.3 million) for the third quarter of 2025, representing a 0.9% decrease year-over-year.
Net income attributable to Hello Group Inc. was RMB348.9 million (US$49.0 million) in Q3 2025, compared to RMB449.4 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, down from RMB2.46 in Q3 2024.
Net revenues from overseas increased by 69.0% year over year to RMB534.8 million (US$75.1 million) in Q3 2025, while total paying users for the Momo app decreased to 3.7 million from 6.9 million, and Tantan paying users decreased to 0.7 million from 0.9 million compared to the year-ago period.
For the fourth quarter of 2025, the company expects total net revenues to be between RMB2.52 billion to RMB2.62 billion, indicating a year-over-year decrease of 4.4% to 0.6%.