Financial Performance - Total revenue for Q1 2021 was CNY 3.47 billion, down 3% year-over-year due to a decrease in live streaming revenue, but the decline rate has narrowed compared to previous quarters [8][39] - Adjusted net income for the quarter was CNY 634 million, representing an 18% profit margin, while adjusted net income for core Momo was CNY 676 million, or a 23% profit margin [8] - Tantan's total revenue was CNY 568 million for Q1, up 49% year-over-year, with an adjusted net loss of CNY 42.04 million [9][31] Business Line Performance - Core Momo had 115.3 million monthly active users (MAU) in Q1, up 7% year-on-year, with significant growth in user interactions and retention metrics [9][10] - The number of paying users for core Momo was 9.1 million, with a net addition of 100,000 from the previous quarter [11] - Tantan's paying user count decreased to 3.5 million, down from 3.8 million, due to weak DAU performance and changes in user demographics [15] Market Data - The VAS (Value-Added Services) business grew 42% year-over-year, driven by chat room experiences, which contributed significantly to revenue [25][41] - Live broadcasting revenue for core Momo was CNY 1.71 billion, down 26% year-over-year, while Tantan's live streaming revenue dropped 38% sequentially to CNY 251 million [40][32] Company Strategy and Industry Competition - The company aims to grow the core user base with limited marketing budget and improve ROI, while Tantan focuses on solid user growth through improved marketing efficiency [16][33] - The management emphasizes a sustainable growth model for live broadcasting, avoiding aggressive revenue-oriented operational efforts [20] - Tantan's management change is expected to enhance product and marketing effectiveness, with a focus on improving user experience and addressing past inefficiencies [30][35] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in Tantan's growth potential, targeting a user base increase of 20% to 35% in the coming months [53] - The company anticipates a revenue decline in Tantan for the second quarter due to temporary disruptions but expects user growth to drive revenue recovery in the second half [55][59] - Core Momo's revenue performance has exceeded expectations, with a positive outlook for the second half of the year [62] Other Important Information - The company has repatriated RMB 1.3 billion from its offshore entity to replenish U.S. dollar funding, incurring a 10% withholding tax [49] - The company plans to disclose Tantan's user data later this year to provide investors with more reliable metrics [54] Q&A Session Summary Question: What are the strategies for Tantan's user and revenue trends after the management change? - Management has identified several issues in Tantan's user acquisition and is confident that addressing these will lead to significant user growth, targeting a 20% to 35% increase [53][54] Question: What is the outlook for core Momo's live streaming in the second half? - Management believes that core Momo's live streaming business is on a stable recovery trend, with a focus on maintaining a healthy content ecosystem and effective incentive programs [62]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to or ☐ SHELL COMPANY REPORT PURSUANT TO SECTI ...

Momo Inc. (NASDAQ:MOMO) Q4 2020 Earnings Conference Call March 25, 2021 8:00 AM ET Company Participants Cathey Peng - Head of IR Wang Li - Chief Executive Officer Wang Yu - Founder and Chief Executive Officer of Tantan Jonathan Zhang - Chief Financial Officer Conference Call Participants Thomas Chong - Jefferies Tian Hou - TH Capital * Operator Ladies and gentlemen, thank you for standing by, and welcome to the Fourth Quarter and Full Year of 2020 Momo Incorporated Earnings Conference Call. [Operator Instru ...

Momo Inc. (NASDAQ:MOMO) Q3 2020 Earnings Conference Call December 1, 2020 8:00 AM ET Company Participants Cathy Peng - Head of IR Tang Yan - Executive Chairman of the Board Wang Li - Chief Executive Officer Wang Yu - Founder and Chief Executive Officer of Tantan Jonathan Zhang - Chief Financial Officer Conference Call Participants Thomas Chong - Jefferies Tian Hou - TH Capital Operator Ladies and gentlemen, thank you for standing by, and welcome to Third Quarter 2020 Momo Incorporated Earnings Conference Ca ...

Momo Inc. (NASDAQ:MOMO) Q2 2020 Earnings Conference Call September 3, 2020 8:00 AM ET Company Participants Cathy Peng - Head of IR Yan Tang - Co-Founder, Chairman & CEO Jonathan Zhang - CFO Wang Yu - Co-Founder & CEO, Tantan Limited Li Wang - COO, President Conference Call Participants Thomas Chong - Jefferies Tian Hou - T.H. Capital Lei Zhang - Bank of America Merrill Lynch Operator Ladies and gentlemen, thank you for standing by, and welcome to the Second Quarter 2020 Momo Inc. Earnings Conference Call. A ...

Momo Inc. (NASDAQ:MOMO) Q1 2020 Results Earnings Conference Call May 28, 2020 8:00 AM ET Company Participants Cathy Peng - Head of IR Yan Tang - Co-Founder, Chairman & CEO Li Wang - COO, President Wang Yu - Co-Founder & CEO, Tantan Limited Xiaosong Zhang - CFO Conference Call Participants Thomas Chong - Jefferies Tian Hou - T.H. Capital Daniel Chen - JPMorgan Operator Ladies and gentlemen, thank you for standing by, and welcome to the First Quarter 2020 for Momo Incorporated Earnings Conference Call. [Opera ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to or ☐ SHELL COMPANY REPORT PURSUANT TO SE ...

Financial Data and Key Metrics Changes - For Q4 2019, total revenue reached RMB 4.69 billion, up 22% year-on-year, and adjusted operating income was RMB 1.46 billion, up 42% from the same period last year [6][7] - For fiscal year 2019, total revenue was RMB 17 billion, a 27% increase year-over-year, and adjusted operating income reached RMB 5.12 billion, up 30% year-on-year, with a 30.1% operating margin [7][49] - Non-GAAP net income attributable to Momo for 2019 was RMB 4.49 billion, an increase of 30% year-on-year [49] Business Line Data and Key Metrics Changes - Live broadcasting revenue for Q4 was RMB 3.38 billion, an increase of 14% year-on-year, and total live broadcasting revenue for fiscal 2019 was RMB 12.4 billion, up 16% from last year [24][25] - VAS revenue for Q4, excluding Tantan, reached RMB 819.3 million, a 64% increase year-on-year, and for fiscal 2019, VAS revenue totaled RMB 2.85 billion, up 94% year-on-year [28][29] - Tantan's paying users were 4.5 million in Q4, flat from the previous quarter, while total revenue for Tantan was RMB 369.8 million, up 66% year-over-year [10][39] Market Data and Key Metrics Changes - The core Momo app had 114.5 million monthly active users in Q4, up 1% year-on-year, with total paying users reaching 9.3 million, a net addition of 400,000 from the last quarter [8][9] - Tantan experienced downward pressure on user retention starting from late Q3, attributed to changes in subscription management policy and social distancing measures due to COVID-19 [10][11] Company Strategy and Development Direction - The company aims to improve user growth by enhancing social experiences, targeting lower-tier cities, and increasing marketing efficiency at Tantan [15][17][18] - New product innovations include a video-dating experience and virtual community services, which are expected to improve user engagement and retention [12][13] - The company plans to introduce new experiences to counteract revenue pressures caused by COVID-19 and maintain a focus on effective product and operational initiatives [20][21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of COVID-19 on user engagement and revenue, but expressed confidence in the team's ability to navigate challenges and drive growth [20][21][60] - The company expects Q1 to be the low point of the year, with a gradual recovery starting in Q2 and a positive outlook for the second half of 2020 [61][62] Other Important Information - The board declared a cash dividend of USD 0.76 per ADS, totaling approximately USD 161 million, representing over 25% of adjusted net income for 2019 [22] - The company ended Q4 with cash, cash equivalents, and term deposits totaling RMB 14.93 billion, compared to RMB 11.29 billion at the end of 2018 [53] Q&A Session Summary Question: What is the impact of COVID-19 on traffic and revenue recovery? - Management noted that traffic and revenue are gradually recovering in March, with expectations for Q1 to be the lowest point of the year, and a rebound anticipated in Q2 [57][59][61] Question: What are the plans for cost management and profitability? - Management indicated that overall costs may rise as a percentage of revenue, but they will maintain marketing spending to support user recovery while aiming for a 30% operating margin for the year [66][68] Question: Can you provide details on the new non-subscription feature for Tantan? - Management stated that the new feature is under testing and aims to enhance user experience and engagement, with expectations for user growth to ramp up in Q2 [69][72]

Financial Data and Key Metrics Changes - Total revenue for Q3 2019 reached RMB4.45 billion, up 22% year-over-year, and grew 28% year-over-year when excluding non-recurring revenue from Phanta City [6][7] - Adjusted operating income for the quarter was RMB1.2 billion, up 41% year-over-year, representing a 27% adjusted operating margin [6][7] - Core Momo's adjusted operating income was RMB1.36 billion, up 38% year-over-year, with an adjusted operating margin of 33%, up from 28% in the same period last year [7] Business Line Data and Key Metrics Changes - Core Momo application had 114.1 million monthly active users, a 3% increase year-over-year, with 600,000 net additions from the previous quarter [7] - Total paying users for the core Momo platform reached 8.9 million, a net addition of 300,000 from the last quarter [8] - Tantan ended the quarter with 4.5 million paying users, up from 3.2 million a quarter ago, reflecting recovery trends after the lift of download and payment suspensions [10][32] Market Data and Key Metrics Changes - Revenue from live broadcasting business was RMB3.28 billion, an increase of 18% from the same period last year [19] - Revenue from Value Added Services (VAS) reached RMB1.06 billion, an 86% increase year-over-year, with core Momo's VAS generating RMB755 million, an increase of 84% from the same period last year [26][27] Company Strategy and Development Direction - The company aims to grow the user base and engagement through product innovations and effective marketing approaches [11] - Focus on driving steady growth from live broadcasting and cultivating paying potential from middle cohorts and long-tail users [11][18] - The company is enhancing user experience through new features and optimizing existing premium features to drive monetization growth [11][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of Tantan's user base and the effectiveness of new product initiatives to improve user retention [54] - The company is committed to maintaining a balance between shareholder returns and investments for future growth [7][55] - Management noted that competitive pressure in the live streaming space has not significantly impacted their ecosystem, with healthy growth indicators [23][25] Other Important Information - Non-GAAP gross margin for Q3 2019 was up 2.5% year-over-year due to lower payout ratios from live streaming and VAS businesses [44] - The company ended the quarter with RMB13.7 billion in cash and cash equivalents, up from RMB11.3 billion at the end of 2018 [46] Q&A Session Summary Question: Tantan's user recovery and future strategies - Management indicated that internal metrics show a significant increase in paying users for Tantan, reflecting a recovery in MAU and DAU after the suspension [52][53] - Strategies include enriching product offerings and improving marketing efficiency to drive user growth [54] Question: Dividend considerations - The company has strong intentions to return cash to shareholders in the form of dividends, but prefers to keep dividends under a special form rather than regular dividends [55][56] Question: Industry outlook for social networking services - Management believes the competitive landscape will resemble Western markets, with opportunities for multiple players in the open social space [60][61] Question: Overseas expansion initiatives - The company is exploring diverse opportunities in overseas markets, with Tantan being a key focus, while also considering new applications [65][66] Question: New product ZAO and year-end gala plans - Management plans to enhance user stickiness with the ZAO app and aims to make the year-end gala a more engaging experience without revenue pressure [70][73]

Financial Data and Key Metrics Changes - Total revenue for Q2 2019 reached RMB4.15 billion, up 32% year-over-year [7][40] - Adjusted operating income for the quarter was RMB1.45 billion, representing a 35% adjusted operating margin [8][41] - Non-GAAP net income attributable to Momo was RMB1.24 billion, a 39% increase year-over-year [40][41] - Non-GAAP gross margin improved slightly by 1 percentage point due to lower payout ratios [42] Business Line Data and Key Metrics Changes - Core Momo app had 113.5 million monthly active users, up 5% year-over-year but down 1% from the previous quarter [9] - Total paying users for the core Momo platform was 8.6 million, down by 400,000 from the previous quarter [10] - Revenue from live broadcasting business was RMB3.1 billion, an increase of 18% year-over-year [20] - Revenue from value-added services (VAS) reached RMB948.4 million, a 169% growth year-over-year [26] Market Data and Key Metrics Changes - Tantan's paying users decreased to 3.2 million in Q2 2019 due to download and payment service suspensions, but rebounded to 4.1 million by August 25 [13][30] - Mobile marketing revenue was RMB76.2 million, a 46% year-over-year decrease [29] Company Strategy and Development Direction - Company aims to grow user base and engagement through product innovations and effective marketing [15] - Focus on driving monetization growth from Tantan through optimization of existing premium features and introduction of new paying experiences [15][36] - Plans to convert low ARPPU membership subscribers into higher ARPPU VAS paying users [12] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to growth after overcoming homepage suspension challenges [7] - Anticipated that total number of paying users on core Momo will return to growth from Q3 onward [12] - Management noted that Tantan has ample room for growth in both domestic and overseas markets [14][39] Other Important Information - Company ended Q2 2019 with cash and cash equivalents totaling RMB12.5 billion [46] - Non-GAAP R&D expenses increased to RMB204.8 million, reflecting investment in product innovation [43] Q&A Session Summary Question: Tantan's revenue and bottom line outlook for the second half - Management expects a quarter-on-quarter grossing increase of around 30% to 40%, with revenue guidance assuming a sequential growth of around 10% [51] Question: Industry outlook and Momo's strategies - Management acknowledged challenges in user acquisition but highlighted growth opportunities in open social space and overseas markets [54][57] Question: Tantan's ARPPU growth and new features - Management indicated that ARPPU growth was driven by optimizations, with expectations for revenue to be affected in Q3 due to lagging effects [60][61] Question: Uniqueness of Momo in the competitive landscape - Management emphasized that Momo's core social use case differentiates it from competitors, and noted strong growth in professional broadcasters and agencies [64][67]