Hello Group Inc-ADR · Q1 2025 earnings

Briefing

Hello Group Q1 2025: RMB2.52B revenue (-1.5%), net income surges to RMB358M on cost discipline

Hello Group (MOMO) reported first quarter 2025 net revenues of RMB2,520.8 million ($347.4 million), down 1.5% year over year as mainland China softness was partly offset by rapid overseas growth. Net income attributable to Hello Group jumped to RMB358.0 million from RMB5.2 million, with non-GAAP net income of RMB403.8 million versus RMB59.9 million a year ago, reflecting lower tax expense and ongoing cost controls. Overseas revenue surged 71.9% to RMB414.6 million led by Soulchill and newer apps, while mainland revenue declined to RMB2,106.2 million. Operating income was RMB299.5 million and the company returned capital via a $47.9 million special dividend and ongoing share repurchases.

• Net revenues were RMB2,520.8M (-1.5% YoY); overseas revenue grew 71.9% to RMB414.6M while mainland revenue fell to RMB2,106.2M.
• Net income attributable to Hello Group rose to RMB358.0M from RMB5.2M; non-GAAP net income reached RMB403.8M versus RMB59.9M.
• Diluted GAAP net income was RMB1.04 per ordinary share; non-GAAP diluted net income per ADS was RMB2.34 ($0.32).
• Tantan MAUs were 10.7M in March 2025; Momo paying users were 4.2M and Tantan paying users 0.8M in the quarter.
• Management guides Q2 2025 total net revenues of RMB2.57B to RMB2.67B, down 4.5% to 0.8% year over year.

Headline financials

Revenue & EPS history

For Q2 2025, Hello Group expects total net revenues between RMB2.57 billion and RMB2.67 billion, representing a year-over-year decrease of 4.5% to 0.8%.