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MOMO

Hello Group Inc.

MOMO

Hello Group Inc. • NASDAQ
$6.96 ▲ 0.14% (+0.01)
Market Cap $1.23 B
52w High $9.22
52w Low $5.12
Dividend Yield 0.54%
P/E 10.39
Volume 358.05K
Outstanding Shares 176.44M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $2.62B ▲ $609.16M ▼ $-140.204M ▼ -5.351% ▼ $-0.84 ▼ $422.38M ▼
Q1-2025 $2.521B ▼ $652.276M ▼ $357.994M ▲ 14.201% ▲ $2.1 ▲ $438.405M ▲
Q4-2024 $2.636B ▼ $674.989M ▲ $187.235M ▼ 7.102% ▼ $1.06 ▼ $250.603M ▼
Q3-2024 $2.675B ▼ $640.216M ▼ $449.369M ▲ 16.801% ▲ $2.58 ▲ $560.023M ▲
Q2-2024 $2.691B $670.558M $397.785M 14.78% $2.2 $536.16M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $6.325B ▲ $16.515B ▼ $5.522B ▲ $10.993B ▼
Q1-2025 $6.145B ▼ $16.728B ▼ $5.462B ▼ $11.078B ▼
Q4-2024 $6.149B ▲ $18.383B ▲ $6.95B ▲ $11.433B ▲
Q3-2024 $6.142B ▼ $18.153B ▲ $6.847B ▲ $11.124B ▼
Q2-2024 $6.309B $17.474B $6.109B $11.183B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-140.204M ▼ $250.129M ▲ $-104.731M ▼ $-463.876M ▲ $-372.098M ▲ $223.967M ▲
Q1-2025 $358.489M ▲ $239.721M ▼ $1.008B ▲ $-1.892B ▼ $-670.666M ▼ $211.907M ▼
Q4-2024 $187.235M ▼ $423.642M ▲ $884.032M ▲ $-425.175M ▼ $1.055B ▲ $401.915M ▲
Q3-2024 $449.369M ▲ $340.953M ▼ $-2.277B ▼ $553.063M ▲ $-1.562B ▼ $321.157M ▲
Q2-2024 $397.785M $475.229M $576.222M $-1.111B $-31.685M $275.387M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been slowly shrinking over the past several years, suggesting a maturing or pressured core business rather than a growth story. Even so, the company has managed to stay solidly profitable in most years, with only one year of notable losses in the recent past. Margins appear to have held up reasonably well despite the revenue decline, helped by tighter cost control and a more disciplined approach to spending. Profit rebounded strongly after the loss year, then eased a bit more recently but remained positive, which points to a business that is smaller than before but still capable of generating healthy earnings. Overall, the income statement shows a company transitioning from high-growth to a more mature, efficiency-focused phase, with stable profitability but no obvious top-line growth momentum in the last few years.

Balance Sheet

Balance Sheet The balance sheet looks steady and conservative. Total assets have come down from earlier peaks but remain comfortably above the company’s debt levels, and shareholder equity has stayed relatively stable over time. Cash holdings are solid, providing a useful buffer against shocks and flexibility for product investment or marketing when needed. Debt is present but not extreme relative to the size of the business and equity base, suggesting leverage is manageable rather than excessive. In simple terms, the financial foundation appears sound: not overextended, with enough resources to support ongoing operations and selective new initiatives.

Cash Flow

Cash Flow Hello Group generates consistent cash from its operations, and that cash comfortably exceeds what it spends on capital investments. Capital spending is modest, which fits an asset-light, internet-based business model. Free cash flow is positive year after year, even in periods when reported earnings were under pressure. This indicates that the company’s products and services still convert user activity into real cash, not just accounting profits. Altogether, the cash flow profile is a key strength: reliable, positive, and not heavily burdened by large ongoing investment needs.

Competitive Edge

Competitive Edge Hello Group operates in one of the most competitive spaces in China: online social, dating, and entertainment. Its main strengths are the large, established user bases of Momo and Tantan, strong brand recognition, and network effects—people tend to go where other people already are. However, the moat is not bulletproof. User tastes in social apps change quickly, rival platforms continually launch new features, and big tech players can push competing products to their own large ecosystems. Domestic regulatory scrutiny of online content and social platforms is another ongoing headwind. To offset a slowing home market, the company is leaning into international expansion and into broader social entertainment, not just dating. Success abroad and in new formats could help counterbalance domestic saturation, but competition and execution risks remain high.

Innovation and R&D

Innovation and R&D Innovation is a central pillar of Hello Group’s strategy. The company has leaned heavily into artificial intelligence, using it to power matchmaking algorithms and, more recently, to support AI chat assistants that help users start and maintain conversations. This aims to make the apps “stickier” and more engaging. Technically, Hello Group has built strong live streaming capabilities and a creator-centered virtual gifting system, which remain crucial revenue engines. Beyond the core apps, it is experimenting with new products like an immersive social app for mixed-reality headsets and voice-focused social platforms, as well as niche apps targeting overseas markets such as the Middle East. The big question is not whether the company can launch new products—it clearly can—but whether these innovations will gain lasting traction and meaningful monetization, rather than being short-lived experiments.

Summary

Hello Group looks like a business in transition: moving from a past of rapid growth to a present defined by revenue pressure but renewed profitability and solid cash generation. The income statement shows shrinking sales but decent margins; the balance sheet and cash flows show a financially stable, cash-generative company with moderate risk from leverage. Strategically, its advantages lie in well-known brands, large existing communities, and a proven live streaming and virtual gifting engine. At the same time, it faces intense competition, fast-changing user preferences, and regulatory and macro uncertainty in its core Chinese market. Future performance will hinge on three things: how effectively it deepens AI-driven engagement on existing platforms, whether its portfolio of niche and international apps can become meaningful businesses in their own right, and its ability to maintain user loyalty in a very crowded social and dating landscape. The company has the financial flexibility and technological base to pursue these paths, but outcomes are far from guaranteed.

NEWS

November 12, 2025 · 4:00 AM UTC

Hello Group to Report Third Quarter 2025 Results on December 10, 2025

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