Hello Group Inc. Announces Unaudited Financial Results for the Second Quarter of 2025

Core Viewpoint - Hello Group Inc. reported a mixed financial performance for the second quarter of 2025, with a decline in overall net revenues but significant growth in overseas revenues, indicating a shift in business dynamics and market conditions [3][11]. Financial Results - Total net revenues for Q2 2025 were RMB2,620.4 million (US$365.8 million), a decrease of 2.6% from RMB2,691.4 million in Q2 2024 [4]. - Value-added service revenues were RMB2,579.3 million (US$360.1 million), also down by 2.6% year-over-year [5]. - Net revenues from the Chinese mainland decreased from RMB2,435.1 million in Q2 2024 to RMB2,177.9 million (US$304.0 million) in Q2 2025, while overseas revenues increased from RMB256.3 million to RMB442.4 million (US$61.8 million), marking a growth of 72.7% [7][11]. Cost and Expenses - Total costs and expenses were RMB2,227.7 million (US$311.0 million), a decrease of 2.1% from RMB2,275.2 million in Q2 2024 [8]. - Non-GAAP costs and expenses were RMB2,183.6 million (US$304.8 million), compared to RMB2,223.8 million in the same period of 2024 [9]. Income and Loss - Income from operations was RMB403.5 million (US$56.3 million), down from RMB425.0 million in Q2 2024 [10]. - The net loss attributable to Hello Group Inc. was RMB140.2 million (US$19.6 million) in Q2 2025, compared to a net income of RMB397.8 million in the same period of 2024 [11][14]. Cash Flow and Financial Position - As of June 30, 2025, the company's cash and cash equivalents totaled RMB12,390.6 million (US$1,729.7 million), down from RMB14,728.5 million at the end of 2024 [16]. - Net cash provided by operating activities in Q2 2025 was RMB250.1 million (US$34.9 million), a decrease from RMB475.2 million in Q2 2024 [16]. Business Outlook - For Q3 2025, the company expects total net revenues to be between RMB2.59 billion to RMB2.69 billion, reflecting a potential decrease of 3.2% to an increase of 0.6% year-over-year [20]. Recent Developments - As of September 9, 2025, the company has repurchased 48.9 million ADSs for US$300.3 million under its share repurchase program, with a remaining size of US$185.8 million [19].