EarningsQ2 2026 Earnings Report
DE:1MO Q2 2026 EPS Results
Actual EPS€0.20
Consensus EPS€0.20
Beat/MissBeat by +<€0.01
One Year Ago EPS-€0.11
DE:1MO Q2 2026 Revenue Results
Actual Revenue€325.17M
Expected Revenue€328.63M
Beat/MissMissed by -€3.46M
YoY Revenue Growth+0.81%
Earnings Announcement Details
QuarterQ2 2026
Date09/03/2026
TimeBefore Open
Conference CallThursday, September 3, 2026
DE:1MO Upcoming Earnings
Hello Group's next earnings date is estimated for December 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:1MO Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call had a mixed but cautiously constructive tone. Overseas operations delivered strong growth, MENA diversification improved, several products showed better profitability, Momo user engagement remained resilient, and the company returned to non-GAAP profitability. However, domestic revenue faced significant pressure from weaker spending among high-value users, tax-related agency challenges, and Alipay-related effects on Tantan, while Q3 and full-year revenue expectations were reduced and margins remained under pressure. The highlights outweighed the lowlights due to strong overseas momentum, improving profitability in newer businesses, and resilient platform metrics.Company Guidance
Overseas Revenue Growth and Diversification
Overseas revenue increased 52% year over year and 13% quarter over quarter to RMB 673 million, representing 27% of total revenue versus 17% in the same period last year. Growth was driven by strong momentum from new MENA products, consolidation of overseas dating products acquired last year, recovery from the seasonal Ramadan low, and new product and seasonal features.
Return to Non-GAAP Net Profit
Non-GAAP net income attributable to shareholders was RMB 249 million, compared with a net loss of RMB 96 million in the same period of 2025. Net cash provided by operating activities was RMB 642 million in Q2.
Momo User Engagement and Paying User Growth
User-oriented product iteration lifted platform engagement and contributed to a modest increase in Momo's overall user base. Audio and video small-ticket scenarios tied to the World Cup and seasonal occasions increased paying users by 200 thousand quarter over quarter to 3.9 million.
Momo Product and AI Innovation
Momo's refined deep-chat matching strategy improved engagement, retention, and overall user scale. The AI chat assistant continued to see growth in feature adoption and AI greeting reply rates, while the company began gray testing AI Xiaomi, which browses user photos, identifies common interests, screens potential matches, and generates personalized icebreakers.
Improved Momo Acquisition Efficiency
A holdout experiment on channel spending for dormant-user reactivation showed room to optimize channel investment. Management said it is confident the company can maintain its current platform scale and revenue with less spending and will continue improving acquisition efficiency in Q3.
Momo Monetization Initiatives Supported Revenue Stability
Momo used tiered monetization and use-case innovation, including AI-generated gifts for high-value users, World Cup interactive gameplay for mid-tier users, and a gray-tested paid moment-boost feature for long-tail users. Management said the approach provided solid support for the stability of the overall revenue base amid the macro downturn.
Tantan User Base Stabilization and AI Improvements
Tantan's average domestic user scale was stable with a slight uptick in Q2, marking the first stabilization since marketing spend began scaling back in early 2022. AI icebreakers, an AI chat assistant, AI-curated matching, one-click registration, and profile optimization improved matching and onboarding experiences, with personalized opening lines showing a particularly strong pull on female user retention.
Tantan Maintained Healthy Overall ROI
Although channel ROI declined quarter over quarter, Tantan's overall ROI remained above 100% payback. Organic traffic retained better and declined more slowly than channel traffic, partially offsetting the reduction in paid acquisition.
Tantan Payment and Product Adjustments
Tantan launched a lifetime membership product, encouraged conversion to longer-cycle plans, upgraded its payment infrastructure by integrating DouyinPay and WeChat Pay, and optimized FlashChat matching, which drove revenue growth in that scenario.
MENA Portfolio Profitability Improvement
Yahalan achieved net-income breakeven for the first time in Q2. Ammar's net loss continued to narrow rapidly following its earlier transition to marginal contribution positive, supported by rapid revenue growth and operating leverage. Management said both products' gross margin and contribution margin are improving rapidly and steadily.
New MENA Products Approaching and Surpassing SoulChill Scale
The combined Q2 revenue of Yahalan and Ammar approached SoulChill's scale, and management expects the two products' combined revenue to surpass SoulChill in Q3. Their different gameplay, target user bases, and regional focus are creating a more diversified MENA product matrix.
Happn and Developed-Market Dating Progress
Happn improved pay conversion and ARPU through membership-benefit iteration and precision targeting, driving revenue growth both year over year and quarter over quarter. The product also saw encouraging early results in neighboring markets, including Korea, Taiwan, and the UK.
Cost Controls and Operating Efficiency Initiatives
Non-GAAP sales and marketing expenses decreased 15% year over year to RMB 380.4 million, reflecting cost controls in Mainland China operations. Management also identified further opportunities to optimize personnel costs and domestic sales and marketing spending.
Strong Liquidity Position
Cash, cash equivalents, deposits, short-term investments, and restricted cash totaled RMB 8.54 billion as of June 30, 2026.
DE:1MO Earnings History
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