Momo Inc. Earnings Recaps
Q1 2026
Jun 4, 2026
Shares dropped 6% as investors reacted negatively to a clear deceleration in domestic revenue and an ongoing decline in Momo's core business, despite growth overseas and stable margins.
Key takeaways
- Total group revenue declined 5% year-over-year to RMB 2.39 billion, driven primarily by a 15% decline in domestic revenue to RMB 1.79 billion.
- Overseas revenue grew 44% year-over-year to RMB 597 million, now comprising 25% of total revenue, up from 16% last year.
- Adjusted operating income was RMB 349 million, up slightly by 1%, with a stable margin of 14.6%, indicating limited margin improvement.
- Momo’s gross revenue slid 15% year-over-year and 9% quarter-over-quarter, weighed down by regulatory headwinds, tax changes, and seasonal softness, with paying users decreasing by 200,000 to 3.7 million.
- The company acknowledged user activity was impacted by Chinese New Year, but ongoing regulatory challenges and consumer softness suggest more significant structural pressures domestically.
Q2 2025
Sep 9, 2025
Hello Group, Inc. reported a mixed performance in Q2 2025, with total revenue of RMB 2.62 billion, reflecting a year-over-year decline, while overseas revenue surged by 73%, signaling growth potential in international markets.
Key takeaways
- Domestic revenue fell 11% year-over-year, primarily due to soft spending among high-paying users amid a challenging macroeconomic environment.
- Overseas business grew by 73% year-over-year, contributing RMB 442 million, demonstrating successful expansion efforts.
- Adjusted operating income decreased 6% to RMB 448 million, with a margin of 17%, influenced by a reduction in user acquisition costs and improved profitability.
- Momo app saw a stable user retention despite a decrease in paying users, while Tantan implemented budget cuts on marketing channels to prioritize ROI, resulting in a slight decline in user numbers but steady organic growth.