Hello Group Inc. (NASDAQ:MOMO) Q1 2022 Results Conference Call June 7, 2022 8:00 AM ET Company Participants Ashley Jing - Head, IR Wang Li - CEO Jonathan Zhang - CFO Conference Call Participants Thomas Chong - Jefferies Leo Chiang - Deutsche Bank Operator Ladies and gentlemen, thank you for standing by, and welcome to Hello Group Inc.'s First Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded conference is being recorded today. I'd now like to h ...

Revenue and Financial Performance - Revenues from consolidated affiliated entities accounted for 99.9%, 99.2%, and 98.4% of total revenues for the years ended December 31, 2019, 2020, and 2021, respectively[13]. - Total third-party revenues for Hello Group Inc. reached RMB 14,575,719 thousand for the year ended December 31, 2021, compared to RMB 15,024,188 thousand in 2020, reflecting a decrease of approximately 3%[33]. - The net income attributable to Hello Group's shareholders for the year ended December 31, 2021, was a loss of RMB 2,913,708 thousand, compared to a profit of RMB 2,970,890 thousand in 2020, indicating a significant decline[33]. - Total costs and expenses for Hello Group Inc. amounted to RMB 17,141,233 thousand in 2021, an increase from RMB 12,721,530 thousand in 2020, representing an increase of approximately 35%[33]. - The company reported a net loss of RMB2,925.7 million (US$459.1 million) in 2021, primarily due to goodwill and intangible assets impairment of RMB4,397.0 million (US$690.0 million) related to the acquisition of Tantan[68]. - Basic net income per share for 2021 was a loss of RMB 7.20, compared to a profit of RMB 5.05 in 2020[44]. Dividends and Cash Flow - For the years ended December 31, 2019, 2020, and 2021, the company declared and distributed cash dividends of US$128.6 million, US$158.6 million, and US$132.0 million, respectively[22]. - Beijing Momo IT declared and distributed dividends of RMB nil, RMB2,200.0 million, and RMB1,300.0 million (US$204.0 million) for the years ended December 31, 2019, 2020, and 2021, respectively[23]. - Cash dividends received from subsidiaries for the year ended December 31, 2021 totaled RMB 1,153,506,000[37]. Assets and Liabilities - The total assets of Hello Group Inc. as of December 31, 2021, were RMB 18,111,238 thousand, compared to RMB 23,220,556 thousand in 2020, indicating a decrease of approximately 22%[35]. - Hello Group Inc. had total liabilities of RMB 7,525,641 thousand as of December 31, 2021, compared to RMB 8,385,227 thousand in 2020, indicating a reduction of approximately 10%[35]. - The total shareholders' equity for Hello Group Inc. as of December 31, 2021, was RMB 10,585,597 thousand, down from RMB 14,835,329 thousand in 2020, reflecting a decrease of approximately 29%[35]. Regulatory and Compliance Risks - The company faces risks related to the enforcement of contractual arrangements with consolidated affiliated entities, which could materially affect financial performance[17]. - The HFCA Act may impact the company's ability to remain listed on U.S. exchanges if audit reports are not inspected by the PCAOB for three consecutive years starting in 2021[20]. - The company may be required to obtain additional licenses or permits for its operations in China, which could materially affect its business and financial condition[30]. - The company faces uncertainties regarding the interpretation and application of current or future PRC laws and regulations[157]. - The PRC government's oversight may result in material adverse changes in operations and the value of the company's ADSs due to new regulations affecting the industry[178]. Market and Competitive Environment - The mobile social and dating industry is highly competitive, with low switching costs for consumers, posing risks to user retention and engagement[97]. - The company faces significant challenges in keeping up with rapidly changing technologies and evolving user expectations, which could adversely affect user retention and revenue generation[111]. - The company operates in a highly dynamic market, making it difficult to predict future prospects and user behaviors[62]. User Engagement and Retention - The company faces significant risks related to user retention and engagement, which are critical for its success, as user growth has previously stalled[56]. - The company has encountered challenges in maintaining and increasing the number of paying users for its services, which is essential for future growth[69]. - The company’s ability to attract and retain talented broadcasters and talent agencies is crucial for the success of its live video service[67]. Cybersecurity and Data Protection - The company is vulnerable to cybersecurity threats and service disruptions, which could impact user experience and business operations[132]. - The PRC Data Security Law took effect in September 2021, establishing security review procedures for data-related activities that may affect national security[76]. - The Cybersecurity Review Measures require network platform operators holding personal information of over one million users to apply for a cybersecurity review before any initial public offering at a foreign stock exchange[76]. Acquisitions and Investments - The acquisition of Tantan was completed in May 2018 for approximately 5.3 million newly issued Class A ordinary shares and US$613.2 million in cash[94]. - As of December 31, 2021, an impairment loss of RMB4,397.0 million (US$690.0 million) was recorded related to the Tantan acquisition due to a decline in market capitalization and lower-than-projected business outlook[96]. - The company has consolidated Tantan's results since Q2 2018, but Tantan has historically not been profitable, which may impact overall profitability[117]. Economic and Political Factors - Economic and political changes in China could adversely impact overall economic growth and the company's business prospects[203]. - The Chinese economy's growth rate has gradually slowed, with considerable uncertainty regarding the long-term effects of monetary and fiscal policies from major economies, including the US and China[204]. - A severe or prolonged downturn in the global or Chinese economy may materially and adversely affect the company's business and financial condition[204].

Hello Group Inc. (NASDAQ:MOMO) Q4 2021 Earnings Conference Call March 24, 2022 8:00 AM ET Company Participants Ashley Jing - Head, IR Wang Li - CEO Jonathan Zhang - CFO Conference Call Participants Thomas Chong - Jefferies Operator Ladies and gentlemen, thank you for standing by, and welcome to the Fourth Quarter and Fiscal Year 2021 Hello Group, Inc. Earnings Conference Call. [Operator Instructions] Please note that today's conference is being recorded. I would now like to hand the conference over to your ...

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Momo Inc. (NASDAQ:MOMO) Q1 2021 Earnings Conference Call June 8, 2021 8:00 AM ET Company Participants Cathy Peng - Investor Relations Wang Li - Chief Executive Officer Jonathan Zhang - Chief Financial Officer Conference Call Participants Thomas Chong - Jefferies Operator Ladies and gentlemen, thank you for standing by and welcome to the First Quarter of 2021 Momo Incorporated Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded today. And I would like to hand ...