Financial Performance - Net revenues for Q4 2024 decreased by 12.2% year over year to RMB2,636.5 million (US$361.2 million) from RMB3,002.9 million in Q4 2023[5] - Net income attributable to Hello Group Inc. in Q4 2024 was RMB187.2 million (US$25.6 million), down from RMB452.5 million in the same period of 2023[5] - Full year 2024 net revenues were RMB10,563.0 million (US$1,447.1 million), a decrease of 12.0% from RMB12,002.3 million in 2023[24] - Non-GAAP net income for the full year 2024 was RMB1,232.9 million (US$168.9 million), compared to RMB2,224.7 million in the same period of 2023[25] - The net income for Q4 2024 was RMB187,235, down from RMB452,469 in Q4 2023, reflecting a decrease of about 58.6%[48] - Net income for the year ended December 31, 2024, was RMB 1,039,573, a decrease of 46.7% compared to RMB 1,951,695 in 2023[53] User Metrics - Monthly Active Users (MAU) on the Tantan app decreased to 10.8 million in December 2024, compared to 13.7 million in December 2023[5] - Total paying users for the Momo app in Q4 2024 was 5.7 million, down from 7.4 million in the same period last year[5] Expenses and Costs - Research and development expenses for Q4 2024 were RMB222,684, slightly down from RMB231,445 in Q4 2023, indicating a decrease of about 3.3%[46] - The total cost and expenses for Q4 2024 were RMB2,407,825, a slight decrease from RMB2,431,756 in Q4 2023[46] - The cost of revenues for the three months ended December 31, 2024, was RMB 1,724,821, reflecting an increase from RMB 1,621,151 in the previous year[61] - The company incurred total costs and expenses of RMB 9,089,204 (US$ 1,245,216) for the year ended December 31, 2024, with significant allocations to research and development at RMB 804,425 (US$ 110,206)[69] Cash and Assets - As of December 31, 2024, the company's cash and cash equivalents totaled RMB14,728.5 million (US$2,017.8 million), an increase from RMB13,478.5 million a year earlier[23] - Total current assets increased from RMB 7,833,378 in 2023 to RMB 12,011,870 in 2024, representing a growth of 53.9%[50] - Cash and cash equivalents at the end of the period rose to RMB 9,642,421, up from RMB 8,282,912, indicating an increase of 16.4%[53] - The company reported a cash inflow from the maturity of short-term deposits of RMB 1,047,165 in 2024, compared to RMB 800,000 in 2023, an increase of 30.9%[53] Shareholder Actions - The company declared a special cash dividend of US$0.30 per ADS, totaling approximately US$50 million, to be paid on April 30, 2025[27] - The share repurchase program was upsized to US$486.1 million, with US$222 million remaining as of March 12, 2025[29] Future Outlook - For Q1 2025, the Company expects total net revenues to be between RMB2.4 billion to RMB2.5 billion, representing a year-over-year decrease of 6.3% to 2.4%[31] - The company plans to continue expanding its market presence, particularly in live video and value-added services, which are key growth areas[69] Operational Metrics - Non-GAAP diluted net income per ADS for Q4 2024 was RMB1.30 (US$0.18), down from RMB2.63 in the same period of 2023[22] - The Company reported a comprehensive income of RMB510,170 for Q4 2024, compared to RMB356,695 in Q4 2023, showing an increase of approximately 43%[48] - The Company’s diluted net income per share for Q4 2024 was RMB0.53, compared to RMB1.16 in Q4 2023, representing a decline of approximately 54.4%[46] - The company reported an income from operations of RMB 236,686 for the three months ended December 31, 2024, compared to RMB 226,424 in the prior year[63] Investment and Growth - The Company has incubated several new apps since 2019, targeting niche markets and selective demographics, including Hertz, Soulchill, and Duidui[40] - The company demonstrated a strong performance in non-GAAP metrics, indicating operational efficiency[75] - Future strategies may focus on enhancing user engagement and expanding market presence[75]

Company Performance - Hello Group Inc. (MOMO) reported quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.21 per share, and down from $0.37 per share a year ago, representing an earnings surprise of -14.29% [1] - The company posted revenues of $361.2 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 1.06%, and down from $422.95 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Market Outlook - Momo shares have lost about 3.8% since the beginning of the year, compared to the S&P 500's decline of -5.3% [3] - The company's earnings outlook, including current consensus earnings expectations for the coming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the coming quarter is $0.24 on revenues of $319.48 million, and for the current fiscal year, it is $0.82 on revenues of $1.38 billion [7] Industry Context - The Internet - Software industry, to which Momo belongs, is currently in the top 33% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Momo's stock performance [5] - The current estimate revisions trend for Momo is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the shares are expected to perform in line with the market in the near future [6]

Financial Data and Key Metrics Changes - For Q4 2024, total group revenue was RMB 2.64 billion, down 12% year over year [9] - Adjusted operating income was RMB 280 million with a margin of 10.6% [9] - For fiscal 2024, total revenue was RMB 10.6 billion compared to RMB 12 billion in the previous year [11] Business Line Data and Key Metrics Changes - Revenue from the Momo app and standalone new apps totaled RMB 9.7 billion, down 11% year over year [12] - Tantan's Q4 revenue was RMB 213 million, down 22% year over year due to a decrease in paying users [11] - Revenue from value-added services excluding Tantan totaled RMB 4.18 billion, down 6% year over year [20] Market Data and Key Metrics Changes - The overseas business maintained robust growth, contributing significantly to the group's financials [6] - Revenue from standalone new apps grew 40% year over year, driven by overseas expansion [12] - Tantan's MAU declined by 10% sequentially to 10.8 million in September [23] Company Strategy and Development Direction - The company aims to maintain the productivity of the Momo app while focusing on improving user experience and optimizing operational efficiency [13][14] - For Tantan, the strategy is to enhance the dating experience and build a sustainable business model while reducing user acquisition costs [78][80] - The company plans to increase investments in overseas markets and new product initiatives to drive growth [28][30] Management Comments on Operating Environment and Future Outlook - Management acknowledged challenges from the macroeconomic environment and regulatory changes but expressed confidence in the resilience of the Momo platform [56][58] - The outlook for Q1 2025 anticipates a revenue decline of 6.3% to 2.4% year over year, with expectations of a slight rebound in Q2 [45][61] - Management expects Tantan's revenue to decline by 20% in 2025 due to reduced marketing spend and operational adjustments [86] Other Important Information - The Board approved a special cash dividend of USD 0.3 per ADS, totaling approximately USD 15 million [32] - The company emphasized a flexible approach to capital allocation, preferring to invest in growth opportunities rather than committing to a fixed dividend policy [92] Q&A Session Summary Question: What caused the significant drop in paying users for Momo? - Management indicated that the drop was due to a strategic shift away from acquiring low-return paying users, which was necessary to improve profitability [52][53] Question: What are the adjustments to live streaming and value-added services? - Management stated that no major changes would be made to reduce earnings, focusing instead on enhancing user engagement and adding fun features [54] Question: What is the outlook for Tantan's revenue and profit in 2025? - Management expects a revenue decline of 20% to 30% for Tantan in 2025 due to reduced marketing spend and operational adjustments [86] Question: How does the company view its overseas business growth? - The overseas business is expected to grow significantly, with revenue projected to increase from around RMB 1 billion in 2024 to between RMB 1.7 billion to RMB 2 billion in 2025 [73] Question: What is the company's approach to capital returns? - Management prefers flexibility in capital allocation, indicating that a rigid dividend policy is not being considered, as they aim to optimize returns through various means [92]

Core Viewpoint - Hello Group Inc. reported its unaudited financial results for Q4 and the full year of 2024, highlighting challenges and opportunities faced during the year, with a focus on the performance of its Momo and Tantan segments and plans for future growth and innovation in international markets [3][4]. Q4 2024 Highlights - Total net revenues for Q4 2024 were RMB2,636.5 million (US$361.2 million), a decrease of 12.2% from RMB3,002.9 million in Q4 2023 [4][15]. - Live video service revenues decreased by 17.0% to RMB1,264.9 million (US$173.3 million) due to operational adjustments and soft consumer sentiment [5]. - Value-added service revenues fell by 6.9% to RMB1,326.8 million (US$181.8 million), impacted by product adjustments and a decline in Tantan's paying users [6]. - Net income attributable to Hello Group Inc. was RMB187.2 million (US$25.6 million), down from RMB452.5 million in Q4 2023 [15][19]. - Monthly Active Users (MAU) on Tantan app decreased to 10.8 million in December 2024 from 13.7 million in December 2023 [15]. Full Year 2024 Highlights - Full year net revenues were RMB10,563.0 million (US$1,447.1 million), a decrease of 12.0% from RMB12,002.3 million in 2023 [22][23]. - Net income attributable to Hello Group Inc. for the full year was RMB1,039.6 million (US$142.4 million), compared to RMB1,957.6 million in 2023 [22]. - Non-GAAP net income for the full year was RMB1,232.9 million (US$168.9 million), down from RMB2,224.7 million in 2023 [23]. Cash and Cash Flow - As of December 31, 2024, the Company had cash and cash equivalents totaling RMB14,728.5 million (US$2,017.8 million), an increase from RMB13,478.5 million as of December 31, 2023 [21]. - Net cash provided by operating activities in Q4 2024 was RMB423.6 million (US$58.0 million), compared to RMB415.9 million in Q4 2023 [21]. Recent Developments - The board of directors declared a special cash dividend of US$0.30 per ADS, totaling approximately US$50 million, to be paid on April 30, 2025 [25]. - The Share Repurchase Program was amended to increase the total authorization to US$486.1 million, with a remaining size of US$222 million as of March 12, 2025 [26][27]. Business Outlook - For Q1 2025, the Company expects total net revenues to be between RMB2.4 billion to RMB2.5 billion, representing a decrease of 6.3% to 2.4% year over year [28].

Core Viewpoint - Hello Group Inc. is set to release its unaudited financial results for Q4 and the fiscal year ending December 31, 2024, on March 12, 2025, before U.S. markets open [1] Group 1: Financial Results Announcement - The unaudited financial results will be announced before U.S. markets open on March 12, 2025 [1] - An earnings conference call will be held on the same day at 8:00 a.m. U.S. Eastern Time [2] - Participants can preregister for the conference call through a provided link and will receive details including dial-in numbers and a unique access PIN [3] Group 2: Conference Call Details - A telephone replay of the conference call will be available until March 19, 2025, with specific dial-in details provided [4] - A live and archived webcast of the conference call will be accessible on the Investor Relations section of Hello Group's website [4] Group 3: Company Overview - Hello Group Inc. is a leading player in mainland China's online social networking space, operating applications like Momo and Tantan [5] - Momo facilitates social interactions based on location and interests, while Tantan focuses on romantic connections [5] - The company has also incubated several new apps targeting niche markets since 2019 [5]

Group 1 - Hello Group Inc. (NASDAQ: MOMO) operates social media apps in China, benefiting from a massive potential client base [1] - The company has been in the industry since 2011, accumulating significant expertise [1] - MOMO is well-positioned in the market, similar to how a kingfisher searches for small fish, indicating a strategic approach to identifying opportunities [1] Group 2 - The analyst has a beneficial long position in MOMO shares, indicating confidence in the company's future performance [2] - The article expresses the author's personal opinions and does not involve compensation from any company mentioned [2]

以下文章来源于真故研究室 ，作者孙玥 真故研究室 . 真问题，更商业 CEO下去了，创始人上来了。 作者 | 孙玥 编辑｜龚正 来源 | 真故研究室 （ID：zhengulab） 2024年，全球涌起CEO下岗潮。汽车行业是重灾区，从极越、哪吒、零跑、保时捷到Stel lantis，CEO都有汰换；受降级影响的消 费行业，从星巴克到雀巢等也都换了CEO。 CEO下岗的背景是，市场周期和人们的消费需求发生了巨变，更换掌舵人被企业视为重整经营的第一环。这也显示出CEO们的尴尬， 不掌握生产资料的他们，本质都是一打工的，也是一个背锅的。 全球CEO下岗潮 年关在即，极越CEO夏一平迎来下岗倒计时。 12月11日，5000多名极越员工措手不及，工资停发、社保断缴。次日，数十名极越主播和销售开始在官方直播间在线求职。 成立仅三年，这个被百度和吉利两个大佬兜底、含着金汤匙出身的明星造车企业突然溃散。所有矛头都指向CEO夏一平。 入职极越前身集度之前，夏一平曾在福特汽车、菲亚特克莱斯勒等汽车公司工作，还有摩拜单车的创业经验，凭着懂车、懂互联网、 懂技术的履历光环，被百度元老、百度资本董事长任旭阳看中。 但据前员工爆料， 夏 ...

Investment Rating - The report maintains a **Neutral** rating for Momo Inc (MOMO US) with a target price of $7.40, representing a potential upside of 0.1% from the current price of $7.39 [1][4] Core Views - Momo's core business and Tantan are expected to remain under pressure due to ongoing business adjustments and weak social consumption trends [1] - Overseas business is growing rapidly, partially offsetting the decline in core business, with total revenue expected to decrease by 5% YoY in 2025 [1] - The company's market capitalization of $1.3 billion is below its net cash position of $1.4 billion as of Q3 2024, and its shareholder returns are leading among internet companies, with quarterly buybacks of $30-60 million and a dividend yield exceeding 7% [1] Financial Performance Q3 2024 Results - Revenue declined 12% YoY to RMB 2.68 billion, slightly better than expected, with adjusted net profit of RMB 490 million, down 19% YoY but above expectations [2] - Adjusted net margin was 18%, down 2 percentage points YoY, mainly due to increased operating expenses from higher overseas app revenue share and overall revenue decline [2] - Momo's live streaming and value-added services revenue declined 14% and 18% YoY respectively, while new app revenue grew 41% YoY, driven by overseas social product growth [2] - Tantan's revenue fell 28% YoY, with MAU and quarterly paying members declining by 900k and 100k respectively [2] Financial Forecasts - Revenue is expected to decline 12% YoY in Q4 2024, with the decline narrowing in 2025 as ecosystem adjustments conclude [2] - 2025 net profit forecast is revised down by 11% due to changes in revenue structure and ongoing new business investments [2] - For 2024E, revenue is forecast at RMB 10.526 billion, with adjusted net profit of RMB 1.3 billion, representing a net margin of 12.3% [3] - 2025E revenue is projected at RMB 10.015 billion, with adjusted net profit of RMB 1.308 billion and a net margin of 13.1% [3] Business Segments - Momo's revenue is expected to decline 3% YoY in Q4 2024, while Tantan's revenue is forecast to drop 26% YoY [16] - New independent social apps accounted for 16% of total revenue in Q3 2024, up from 2% in Q1 2021 [12] - Momo's live streaming revenue declined 45% YoY in Q3 2024, while value-added services revenue fell 19% YoY [14] Valuation and Shareholder Returns - The target price is based on 7x 2025E P/E ratio, raised from $5.90 to $7.40 [1] - The company's shareholder return policy is leading among internet peers, with quarterly buybacks of $30-60 million and a dividend yield exceeding 7% [1]

Exhibit 99.1 Hello Group Inc. Announces Unaudited Financial Results for the Third Quarter of 2024 BEIJING, CHINA, December 9, 2024 – Hello Group Inc. (NASDAQ: MOMO) ("Hello Group" or the "Company"), a leading player in mainland China's online social networking space, today announced its unaudited financial results for the third quarter of 2024. Third Quarter of 2024 Highlights • Net revenues decreased by 12.1% year over year to RMB2,674.7 million (US$381.1 million*) in the third quarter of 2024. • Net incom ...

BEIJING, Nov. 11, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) (the "Company"), a leading player in mainland China's online social networking space, today announced that it will release its unaudited financial results for the third quarter ended September 30, 2024 before U.S. markets open on Monday, December 9, 2024. Hello Group's management will host an earnings conference call on Monday, December 9, 2024, at 7:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on the same day). Preregis ...