The earnings call presented a mixed picture, with significant growth in overseas revenue and advancements in AI integration being overshadowed by declines in overall and domestic revenue, and a notable one-off tax expense. While there is optimism in overseas expansion and technology adoption, challenges remain in domestic performance and tax implications.

Company Guidance

During the second quarter of 2025, Hello Group reported a total revenue of RMB 2.62 billion, a decline of 3% year-over-year, with domestic revenue at RMB 2.18 billion, down 11%, and overseas revenue at RMB 442 million, up 73%. The adjusted operating income was RMB 448 million, with a margin of 17%. The company focused on maintaining the productivity of its cash cow business, Momo, and improving Tantan's core dating experience. Momo's app enhancements, including AI features, helped stabilize user retention, achieving 3.5 million paying users, albeit a sequential decrease of 0.6 million. Tantan's revenue was RMB 160 million, down 18% year-over-year, but with an ARPPU increase of 18%. Overseas revenue grew to account for 17% of the total group revenue, driven by social products in the MENA region. For the third quarter, Hello Group projected revenue to be between RMB 2.59 billion and RMB 2.69 billion. The company also discussed adjustments to tax compliance, impacting the financials due to a change in the withholding income tax rate from 5% to 10%, which resulted in a one-off tax expense of RMB 547.9 million.

Overseas Revenue Growth

Overseas business revenue reached RMB 442 million, up 73% year-over-year and 7% quarter-over-quarter, now accounting for 17% of the group revenue compared to 10% in the same period last year.

AI Integration and Innovation

The company has successfully integrated AI into its social products, enhancing user experience, with efforts including AI greeting and chat assistant features, as well as launching a stand-alone AI character role play app in Japan.

Non-GAAP Net Income Increase

Excluding a one-off tax expense, non-GAAP net income for the quarter would have been RMB 451.9 million, up 1% from Q2 last year and 12% from last quarter.

Stabilization and Growth in Tantan International

Tantan International revenue has stabilized after a strategic shift to focus on core dating experience, with a plan to expand further in Southeast Asia.

Hello Group (MOMO) Earnings, Revenues Date & History

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MOMO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 04, 2025	2025 (Q3)	0.26 / -	0.345	―	―	―
Sep 09, 2025	2025 (Q2)	0.27 / -0.12	0.296	-139.81% (-0.41)	―
Jun 05, 2025	2025 (Q1)	0.19 / 0.29	0.004	6800.00% (+0.29)	―
Mar 12, 2025	2024 (Q4)	0.20 / 0.07	0.326	-77.16% (-0.25)	―
Dec 09, 2024	2024 (Q3)	0.24 / 0.35	0.386	-10.55% (-0.04)	―
Sep 03, 2024	2024 (Q2)	0.26 / 0.30	0.396	-25.18% (-0.10)	―
May 28, 2024	2024 (Q1)	0.28 / <0.01	0.275	-98.47% (-0.27)	―
Mar 14, 2024	2023 (Q4)	0.33 / 0.33	0.282	15.42% (+0.04)	―
Dec 08, 2023	2023 (Q3)	0.33 / 0.39	0.309	25.00% (+0.08)	―
Aug 31, 2023	2023 (Q2)	0.34 / 0.40	0.236	67.86% (+0.16)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MOMO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 09, 2025	$8.12	$7.88	-2.96%
Jun 05, 2025	$6.25	$7.06	+12.96%
Mar 12, 2025	$7.04	$6.46	-8.24%
Dec 09, 2024	$6.43	$7.02	+9.18%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.