Hello Group Inc. ( (MOMO) ) has released its Q2 earnings. Here is a breakdown of the information Hello Group Inc. presented to its investors.
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Hello Group Inc., a prominent entity in Asia’s online social networking sector, offers platforms like Momo and Tantan that facilitate social and romantic connections through mobile applications. The company also develops niche apps targeting specific demographics.
In its latest earnings report for the second quarter of 2025, Hello Group Inc. revealed a 2.6% decline in net revenues year-over-year, totaling RMB2,620.4 million. Despite the overall revenue drop, the company experienced a significant 72.7% increase in net revenues from overseas operations. However, the quarter ended with a net loss attributable to the company of RMB140.2 million, contrasting with a net income of RMB397.8 million in the same period of 2024.
Key financial metrics highlighted a decrease in monthly active users on the Tantan app and a reduction in total paying users on the Momo app. The company faced a substantial withholding tax accrual of RMB547.9 million due to changes in tax rates applied by Chinese authorities, impacting its financial results. Despite these challenges, Hello Group’s overseas business maintained rapid growth, contributing positively to the company’s financial performance.
Looking forward, Hello Group Inc. anticipates net revenues for the third quarter of 2025 to range between RMB2.59 billion and RMB2.69 billion. The company remains focused on stabilizing its domestic operations while leveraging growth opportunities in international markets to enhance its overall financial standing.