Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of December 2024

Commission File Number: 001-36765

Hello Group Inc.

20^th Floor, Block B

Tower 2, Wangjing SOHO

No.1 Futongdong Street

Chaoyang District, Beijing 100102

People’s Republic of China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Exhibit Index

Exhibit 99.1—Press Release

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Hello Group Inc.

By	:	/s/ Cathy Hui Peng
Name	:	Cathy Hui Peng
Title	:	Chief Financial Officer

Date: December 9, 2024

Exhibit 99.1

Hello Group Inc. Announces Unaudited Financial Results for the Third Quarter of 2024

BEIJING, CHINA, December 9, 2024 – Hello Group Inc. (NASDAQ: MOMO) (“Hello Group” or the “Company”), a leading player in mainland China’s online social networking space, today announced its unaudited financial results for the third quarter of 2024.

Third Quarter of 2024 Highlights

•

Net revenues decreased by 12.1% year over year to RMB2,674.7 million (US$381.1 million^*) in the third quarter of 2024.

•

Net income attributable to Hello Group Inc. decreased to RMB449.4 million (US$64.0 million) in the third quarter of 2024, from RMB546.4 million in the same period of 2023.

•

Non-GAAP net income attributable to Hello Group Inc. (note 1) decreased to RMB493.3 million (US$70.3 million) in the third quarter of 2024, from RMB605.9 million in the same period of 2023.

•

Diluted net income per American Depositary Share (“ADS”) was RMB2.46 (US$0.35) in the third quarter of 2024, compared to RMB2.75 in the same period of 2023.

•

Non-GAAP diluted net income per ADS (note 1) was RMB2.70 (US$0.38) in the third quarter of 2024, compared to RMB3.05 in the same period of 2023.

•

Monthly Active Users (“MAU”) on Tantan app were 12.0 million in September 2024, compared to 15.7 million in September 2023.

•

For the Momo app total paying users was 6.9 million for the third quarter of 2024, compared to 7.8 million for the same period last year. Tantan had 0.9 million paying users for the third quarter of 2024 compared to 1.4 million from the year ago period.

First Nine Months of 2024 Highlights

•

Net revenues decreased by 11.9% year over year to RMB7,926.5 million (US$1,129.5 million) for the first nine months of 2024.

•

Net income attributable to Hello Group Inc. was RMB852.3 million (US$121.5 million) for the first nine months of 2024, compared to RMB1,505.1 million during the same period of 2023.

•

Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB1,002.4 million (US$142.8 million) for the first nine months of 2024, compared to RMB1,710.0 million during the same period of 2023.

•

Diluted net income per ADS was RMB4.51(US$0.64) for the first nine months of 2024, compared to RMB7.52 during the same period of 2023.

•

Non-GAAP diluted net income per ADS (note 1) was RMB5.31(US$0.76) for the first nine months of 2024, compared to RMB8.53 during the same period of 2023.

“Q3 2024 was a fruitful quarter for us. We delivered satisfactory financial results and executed well against our strategic priorities across all business lines,” commented Yan Tang, Chairman and CEO of Hello Group. “ Our overseas business reaccelerated growth thanks to improved operational efficiency. Our team made good progress in advancing the localization process and expanding our product offering. This gives us more confidence to continue to invest firmly in more diversified overseas markets.”

This press release contains translations of certain Renminbi amounts into U.S. dollars at specified rate solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars, in this press release, were made at a rate of RMB7.0176 to US$1.00, the effective noon buying rate for September 30, 2024 as set forth in the H.10 statistical release of the Federal Reserve Board.

Third Quarter of 2024 Financial Results

Net revenues

Total net revenues were RMB2,674.7 million (US$381.1 million) in the third quarter of 2024, a decrease of 12.1% from RMB3,042.8 million in the third quarter of 2023.

Live video service revenues were RMB1,286.4 million (US$183.3 million) in the third quarter of 2024, a decrease of 16.0% from RMB1,530.8 million during the same period of 2023. The decrease was primarily attributable to our proactive operational adjustments to de-emphasize large scale competition events in the Momo app and a soft consumer sentiment in the current macro environment, and to a lesser degree, Tantan pivoting away from the less dating-centric live video service.

Value-added service revenues mainly include virtual gift revenues and membership subscription revenues. Total value-added service revenues were RMB1,356.3 million (US$193.3 million) in the third quarter of 2024, a decrease of 7.5% from RMB1,466.7 million during the same period of 2023. The decrease was primarily due to our product adjustments to improve Momo app’s ecosystem as well as the impact of the macro economy on consumer sentiment, and to a lesser extent, the decline in Tantan’s paying users which was in turn due to the decline in user base and the short-term impact of the product upgrade on new user paying conversions. The decrease was partially offset by the revenue growth from the new standalone apps.

Mobile marketing revenues were RMB30.7 million (US$4.4 million) in the third quarter of 2024, compared to RMB30.7 million during the same period of 2023.

Net revenues from the Momo segment decreased from RMB2,743.1 million in the third quarter of 2023 to RMB2,462.3 million (US$350.9 million) in the third quarter of 2024, primarily due to the decrease in net revenues from value-added service and live video service on Momo app. The decrease was partially offset by the revenue growth of the new standalone apps. Net revenues from the Tantan segment decreased from RMB295.0 million in the third quarter of 2023 to RMB212.1 million (US$30.2 million) in the third quarter of 2024, mainly due to the decrease in net revenues from live video service and value-added service.

Cost and expenses

Cost and expenses were RMB2,286.2 million (US$325.8 million) in the third quarter of 2024, a decrease of 7.1% from RMB2,461.1 million in the third quarter of 2023. The decrease was primarily attributable to: (a) a decrease in revenue sharing with broadcasters related to live video service on Momo app and Tantan app, and a decrease in revenue sharing with virtual gift recipients of virtual gift service on Momo app. The decrease was partially offset by an increase in revenue sharing with virtual gift recipients for new standalone apps; and (b) a decrease in salary expenses and share-based compensation expenses, due to our continuous optimization in personnel costs and the newly granted share options which had lower fair value.

Non-GAAP cost and expenses (note 1) were RMB2,242.2 million (US$319.5 million) in the third quarter of 2024, a decrease of 6.6% from RMB2,401.6 million during the same period of 2023.

Income from operations

Income from operations was RMB410.7 million (US$58.5 million) in the third quarter of 2024, compared to RMB621.8 million during the same period of 2023. Income from operations of the Momo segment was RMB397.5 million (US$56.7 million) in the third quarter of 2024, which decreased from RMB618.6 million in the third quarter of 2023. Income from operations of the Tantan segment was RMB14.7 million (US$2.1 million) in the third quarter of 2024, which decreased from RMB24.0 million in the third quarter of 2023.

Non-GAAP income from operations (note 1) was RMB454.7 million (US$64.8 million) in the third quarter of 2024, compared to RMB681.2 million during the same period of 2023. Non-GAAP income from operations of the Momo segment was RMB441.0 million (US$62.8 million) in the third quarter of 2024, which decreased from RMB674.5 million in the third quarter of 2023. Non-GAAP income from operations of the Tantan segment was RMB15.2 million (US$2.2 million) in the third quarter of 2024, compared to RMB27.6 million in the third quarter of 2023.

Income tax expenses

Income tax expenses were RMB95.3 million (US$13.6 million) in the third quarter of 2024, compared to RMB158.1 million in the third quarter of 2023. The decrease in income tax expenses was primarily due to the lower profit in the third quarter of 2024, and to a lesser extent, lower withholding tax rate due to our eligibility for a preferential tax rate since the beginning of the year.

Net income

Net income was RMB449.4 million (US$64.0 million) in the third quarter of 2024, compared to RMB542.2 million during the same period of 2023. Net income from the Momo segment was RMB436.4 million (US$62.2 million) in the third quarter of 2024, compared to RMB540.0 million in the same period of 2023. Net income from the Tantan segment was RMB14.4 million (US$2.1 million) in the third quarter of 2024, compared to RMB23.0 million in the third quarter of 2023.

Non-GAAP net income (note 1) was RMB493.3 million (US$70.3 million) in the third quarter of 2024, compared to RMB601.6 million during the same period of 2023. Non-GAAP net income from the Momo segment was RMB479.9 million (US$68.4 million) in the third quarter of 2024, which decreased from RMB595.9 million in the third quarter of 2023. Non-GAAP net income of the Tantan segment was RMB14.9 million (US$2.1 million) in the third quarter of 2024, compared to RMB26.6 million in the third quarter of 2023.

Net income attributable to Hello Group Inc.

Net income attributable to Hello Group Inc. was RMB449.4 million (US$64.0 million) in the third quarter of 2024, compared to RMB546.4 million during the same period of 2023.

Non-GAAP net income (note 1) attributable to Hello Group Inc. was RMB493.3 million (US$70.3 million) in the third quarter of 2024, compared to RMB605.9 million during the same period of 2023.

Net income per ADS

Diluted net income per ADS was RMB2.46 (US$0.35) in the third quarter of 2024, compared to RMB2.75 in the third quarter of 2023.

Non-GAAP diluted net income per ADS (note 1) was RMB2.70 (US$0.38) in the third quarter of 2024, compared to RMB3.05 in the third quarter of 2023.

Cash and cash flow

As of September 30, 2024, the Company’s cash, cash equivalents, short-term deposits, long-term deposits, short-term restricted cash and long-term restricted cash totaled RMB14,782.2 million (US$2,106.4 million), compared to RMB13,478.5 million as of December 31, 2023.

Net cash provided by operating activities in the third quarter of 2024 was RMB341.0 million (US$48.6 million), compared to RMB582.5 million in the third quarter of 2023.

First Nine Months of 2024 Financial Results

Net revenues for the first nine months of 2024 were RMB7,926.5 million (US$1,129.5 million), a decrease of 11.9% from RMB8,999.4 million in the same period of 2023.

Net income attributable to Hello Group Inc. was RMB852.3 million (US$121.5 million) for the first nine months of 2024, compared to RMB1,505.1 million during the same period of 2023.

Diluted net income per ADS was RMB4.51 (US$0.64) during the first nine months of 2024, compared to RMB7.52 in the same period of 2023.

Non-GAAP diluted net income per ADS (note 1) was RMB5.31 (US$0.76) during the first nine months of 2024, compared to RMB8.53 in the same period of 2023.

Net cash provided by operating activities was RMB1,216.4 million (US$173.3 million) during the first nine months of 2024, compared to RMB1,861.3 million in the same period of 2023.

Recent Development

Share repurchase program

On June 7, 2022, Hello Group’s board of directors authorized a share repurchase program under which the Company may repurchase up to US$200 million of its shares up to June 6, 2024 (the “Share Repurchase Program”). On March 14, 2024, Hello Group’s board of directors approved to amend the Share Repurchase Program to (i) extend the term of the Share Repurchase Program up to June 30, 2026, and (ii) upsize the Share Repurchase Program so that the Company is authorized to, from time to time, acquire up to an aggregate of US$286.1 million worth of its shares in the form of ADSs and/or the ordinary shares of the Company in the open market and through privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations.

As of December 9, 2024, the Company has repurchased 40.0 million ADSs for US$238.4 million on the open market under Share Repurchase Program announced on June 7, 2022 and amended on March 14, 2024, at an average purchase price of US$5.94 per ADS.

Business Outlook

For the fourth quarter of 2024, the Company expects total net revenues to be between RMB2.56 billion to RMB2.66 billion, representing a decrease of 14.7% to 11.4% year over year. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change.

Note 1: Non-GAAP measures

To supplement our consolidated financial statements presented in accordance with U.S. generally accepted accounting principles (“GAAP”), we, Hello Group, use various non-GAAP financial measures that are adjusted from the most comparable GAAP results to exclude share-based compensation and such adjustment has no impact on income tax.

Reconciliations of our non-GAAP financial measures to our U.S. GAAP financial measures are shown in tables at the end of this earnings release, which provide more details about the non-GAAP financial measures.

Our non-GAAP financial information is provided as additional information to help investors compare business trends among different reporting periods on a consistent basis and to enhance investors’ overall understanding of the historical and current financial performance of our continuing operations and our prospects for the future. Our non-GAAP financial information should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to the GAAP results. In addition, our calculation of the non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited.

Our non-GAAP information (including non-GAAP cost and operating expenses, income (loss) from operations, net income (loss), net income attributable to Hello Group Inc., and diluted net income per ADS) is adjusted from the most comparable GAAP results to exclude share-based compensation and such adjustment has no impact on income tax. A limitation of using these non-GAAP financial measures is that share-based compensation has been and will continue to be for the foreseeable future significant recurring expenses in our results of operations. We compensate for such limitation by providing reconciliations of our non-GAAP measures to our U.S. GAAP measures. Please see the reconciliation tables at the end of this earnings release.

Conference Call

Hello Group’s management will host an earnings conference call on Monday, December 9, 2024, at 7:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on December 9, 2024).

Participants can register for the conference call by navigating to:

https://s1.c-conf.com/diamondpass/10043397-w4b3f5.html.

Upon registration, each participant will receive details for the conference call, including dial-in numbers, conference call passcode and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin.

A telephone replay of the call will be available after the conclusion of the conference call through December 16, 2024. The dial-in details for the replay are as follows:

U.S. / Canada: 1-855-883-1031

Hong Kong: 800-930-639

Passcode: 10043397

Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of Hello Group’s website at https://ir.hellogroup.com.

About Hello Group Inc.

We are a leading player in mainland China’s online social networking space. Through Momo, Tantan and other properties within our product portfolio, we enable users to discover new relationships, expand their social connections and build meaningful interactions. Momo is a mobile application that connects people and facilitates social interactions based on location, interests and a variety of online recreational activities. Tantan, which was added into our family of applications through acquisition in May 2018, is a leading social and dating application. Tantan is designed to help its users find and establish romantic connections as well as meet interesting people. Starting from 2019, we have incubated a number of other new apps, such as Hertz, Soulchill, and Duidui, which target more niche markets and more selective demographics.

For investor and media inquiries, please contact:

Hello Group Inc.

Investor Relations

Phone: +86-10-5731-0538

Email: ir@hellogroup.com

Christensen

In China

Ms. Xiaoyan Su

Phone: +86-10-5900-1548

E-mail: Xiaoyan.Su@christensencomms.com

In U.S.

Ms. Linda Bergkamp

Phone: +1-480-614-3004

Email: linda.bergkamp@christensencomms.com

Safe Harbor Statement

This news release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include but are not limited to our management quotes, our financial outlook for the fourth quarter of 2024, as well as the amount of, timing, methods and funding sources for repurchases of our shares under the share repurchase program.

Our forward-looking statements are not historical facts but instead represent only our belief regarding expected results and events, many of which, by their nature, are inherently uncertain and outside of our control. Our actual results and other circumstances may differ, possibly materially, from the anticipated results and events indicated in these forward-looking statements. Announced results for the third quarter of 2024 are preliminary, unaudited and subject to audit adjustment. In addition, we may not meet our financial outlook for the fourth quarter of 2024 and may be unable to grow our business in the manner planned. We may also modify our strategy for growth. Moreover, there are other risks and uncertainties that could cause our actual results to differ from what we currently anticipate, including those relating to our ability to retain and grow our user base, our ability to attract and retain sufficiently trained professionals to support our operations, our ability to anticipate and develop new services and enhance existing services to meet the demand of our users or customers, the market price of the Company’s stock prevailing from time to time, the nature of other investment opportunities presented to the Company from time to time, the Company’s cash flows from operations, general economic conditions, and other factors. For additional information on these and other important factors that could adversely affect our business, financial condition, results of operations, and prospects, please see our filings with the U.S. Securities and Exchange Commission.

All information provided in this press release and in the attachments is as of the date of the press release. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, after the date of this release, except as required by law. Such information speaks only as of the date of this release.

Hello Group Inc.

Unaudited Condensed Consolidated Statement of Operations

(All amounts in thousands, except share and per share data)


	Three months Ended September 30									First nine months Ended September 30
	2023			2024			2024			2023			2024			2024
	RMB			RMB			US$			RMB			RMB			US$
Net revenues:
Live video service		1,530,797			1,286,442			183,317			4,548,986			3,828,003			545,486
Value-added service		1,466,727			1,356,270			193,267			4,327,678			3,995,962			569,420
Mobile marketing		30,705			30,735			4,380			88,762			99,320			14,153
Mobile games		7,864			—			—			14,169			432			62
Other services		6,754			1,217			173			19,796			2,758			393

Total net revenues		3,042,847			2,674,664			381,137			8,999,391			7,926,475			1,129,514
Cost and expenses:
Cost of revenues		(1,771,530	)		(1,623,723	)		(231,379	)		(5,255,277	)		(4,722,520	)		(672,954	)
Research and development		(201,693	)		(196,382	)		(27,984	)		(653,145	)		(581,741	)		(82,897	)
Sales and marketing		(373,942	)		(354,881	)		(50,570	)		(1,110,253	)		(1,013,081	)		(144,363	)
General and administrative		(113,896	)		(111,174	)		(15,842	)		(376,981	)		(364,037	)		(51,875	)

Total cost and expenses		(2,461,061	)		(2,286,160	)		(325,775	)		(7,395,656	)		(6,681,379	)		(952,089	)
Other operating income, net		39,971			22,221			3,166			99,284			50,988			7,266

Income from operations		621,757			410,725			58,528			1,703,019			1,296,084			184,691
Interest income		96,791			134,875			19,220			311,899			386,919			55,136
Interest expense		(19,293	)		(34,809	)		(4,960	)		(41,671	)		(91,000	)		(12,967	)
Other gain or loss, net		—			—			—			4,565			(43,870	)		(6,251	)

Income before income tax and share of income (loss) on equity method investments		699,255			510,791			72,788			1,977,812			1,548,133			220,609
Income tax expenses		(158,064	)		(95,298	)		(13,580	)		(446,646	)		(755,525	)		(107,661	)

Income before share of income (loss) on equity method investments		541,191			415,493			59,208			1,531,166			792,608			112,948
Share of income (loss) on equity method investments		974			33,876			4,827			(31,940	)		59,730			8,511

Net income		542,165			449,369			64,035			1,499,226			852,338			121,459

Less: net loss attributable to non-controlling interest		(4,263	)		—			—			(5,886	)		—			—

Net income attributable to the shareholders of Hello Group Inc.		546,428			449,369			64,035			1,505,112			852,338			121,459

Net income per share attributable to ordinary shareholders
Basic		1.44			1.29			0.18			3.98			2.36			0.34
Diluted		1.37			1.23			0.18			3.76			2.26			0.32
Weighted average shares used in calculating net income per ordinary share
Basic		379,292,110			347,943,851			347,943,851			378,085,030			361,613,017			361,613,017
Diluted		398,296,690			365,942,405			365,942,405			405,490,366			377,697,017			377,697,017

Hello Group Inc.

Unaudited Condensed Consolidated Statement of Comprehensive Income

(All amounts in thousands, except share and per share data)


	Three months									First nine months
	Ended September 30									Ended September 30
	2023			2024			2024			2023		2024			2024
	RMB			RMB			US$			RMB		RMB			US$
Net income		542,165			449,369			64,035			1,499,226		852,338			121,459
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment		6,032			(287,150	)		(40,919	)		116,188		(190,687	)		(27,173	)

Comprehensive income		548,197			162,219			23,116			1,615,414		661,651			94,286
Less: comprehensive (loss) income attributed to the non-controlling interest		(3,141	)		(6,400	)		(912	)		5,377		(2,114	)		(301	)

Comprehensive income attributable to Hello Group Inc.		551,338			168,619			24,028			1,610,037		663,765			94,587

Hello Group Inc.

Unaudited Condensed Consolidated Balance Sheets

(All amounts in thousands, except share and per share data)


	December 31		September 30		September 30
	2023		2024		2024
	RMB		RMB		US$
Assets
Current assets
Cash and cash equivalents		5,620,466		3,301,235		470,422
Short-term deposits		1,270,626		2,840,310		404,741
Restricted cash		10,147		4,084,937		582,099
Accounts receivable, net of allowance for doubtful accounts of RMB12,780 and RMB12,490 as of December 31, 2023 and September 30, 2024, respectively		201,517		186,374		26,558
Amounts due from related parties		7,258		—		—
Prepaid expenses and other current assets		723,364		1,008,208		143,668

Total current assets		7,833,378		11,421,064		1,627,488
Long-term deposits		3,924,975		3,354,400		477,998
Long-term restricted cash		2,652,299		1,201,311		171,185
Right-of-use assets, net		109,572		288,193		41,067
Property and equipment, net		659,033		879,996		125,398
Intangible assets, net		17,086		13,247		1,888
Rental deposits		12,962		13,257		1,889
Long-term investments		786,911		783,521		111,651
Amounts due from RPT-non current		20,000		—		—
Other non-current assets		180,052		161,702		23,042
Deferred tax assets		31,741		35,938		5,121

Total assets		16,228,009		18,152,629		2,586,727

Liabilities and equity
Current liabilities
Accounts payable		616,681		608,607		86,723
Deferred revenue		442,805		443,036		63,132
Accrued expenses and other current liabilities		630,617		600,435		85,561
Amounts due to related parties		4,314		—		—
Lease liabilities due within one year		60,008		154,969		22,083
Income tax payable		94,719		93,432		13,314
Deferred consideration in connection with business acquisitions		27,261		26,945		3,840
Convertible Senior Notes-current		—		19,394		2,764
Long-term borrowings, current portion		215,615		1,938,385		276,218
Short-term borrowings		—		2,365,535		337,086

Total current liabilities		2,092,020		6,250,738		890,721
Deferred tax liabilities		24,987		323,362		46,079
Convertible Senior Notes		19,571		—		—
Long-term borrowings		1,938,385		—		—
Lease liabilities		52,171		142,803		20,349
Other non-current liabilities		114,085		130,359		18,576

Total liabilities		4,241,219		6,847,262		975,725
Shareholder’s equity (i)		11,986,790		11,305,367		1,611,002

Total liabilities and shareholder’s equity		16,228,009		18,152,629		2,586,727

(i):	As of September 30, 2024, the number of ordinary shares outstanding was 344,219,472.

Hello Group Inc.

Unaudited Condensed Consolidated Statement of Cash Flows

(All amounts in thousands, except share and per share data)


	Three months Ended September 30									First nine months Ended September 30
	2023 RMB			2024 RMB			2024 US$			2023 RMB			2024 RMB			2024 US$
Cash flows from operating activities:
Net income		542,165			449,369			64,035			1,499,226			852,338			121,459
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment		17,467			13,144			1,873			59,098			40,979			5,839
Amortization of intangible assets		1,279			1,279			182			3,837			3,837			547
Share-based compensation		59,472			43,951			6,264			204,877			150,079			21,385
Share of (income) loss on equity method investments		(974	)		(33,876	)		(4,827	)		31,940			(59,730	)		(8,511	)
Gain on repurchase of convertible senior notes		—			—			—			(4,565	)		—			—
Cash received on distributions from equity method investments		718			—			—			2,067			1,197			171
Loss on long-term investments		—			—			—			—			43,870			6,251
Gain or loss on disposal of property and equipment		(60	)		(142	)		(20	)		(520	)		(62	)		(9	)
Provision of (income) loss on receivable and other assets		(133	)		1,754			250			10,071			3,675			524
Changes in operating assets and liabilities:
Accounts receivable		10,749			(3,876	)		(552	)		(9,916	)		11,952			1,703
Prepaid expenses and other current assets		(96,572	)		(97,212	)		(13,853	)		98,294			(91,846	)		(13,088	)
Amounts due from related parties		(27,114	)		—			—			(27,059	)		—			—
Rental deposits		1,301			493			70			2,252			(309	)		(44	)
Deferred tax assets		415			(117	)		(17	)		872			(4,195	)		(598	)
Other non-current assets		(50,578	)		22,945			3,270			(27,639	)		(183,398	)		(26,134	)
Accounts payable		6,987			16,036			2,285			38,825			(15,710	)		(2,239	)
Income tax payable		24,215			35,209			5,017			20,496			(1,288	)		(184	)
Deferred revenue		11,736			(838	)		(119	)		(11,137	)		568			81
Accrued expenses and other current liabilities		15,374			(3,390	)		(483	)		(172,186	)		61,357			8,743
Amount due to related parties		(8,401	)		—			—			(5,504	)		—			—
Deferred tax liabilities		47,681			(85,088	)		(12,125	)		130,198			294,333			41,942
Other non-current liabilities		26,741			(18,688	)		(2,663	)		17,757			108,705			15,490

Net cash provided by operating activities		582,468			340,953			48,587			1,861,284			1,216,352			173,328
Cash flows from investing activities:
Purchase of property and equipment		(238,219	)		(19,796	)		(2,821	)		(259,463	)		(263,814	)		(37,593	)
Payment for long-term investments		—			(28,000	)		(3,990	)		(9,000	)		(33,250	)		(4,738	)
Purchase of short-term deposits		(531,214	)		(2,133,086	)		(303,962	)		(1,028,556	)		(2,133,086	)		(303,962	)
Cash received on maturity of short-term deposits		1,900,000			—			—			5,409,820			1,081,016			154,044
Cash received on investment income distribution		—			—			—			1,517			—			—
Purchase of long-term deposits		(2,498,860	)		—			—			(3,848,860	)		(718,860	)		(102,437	)
Cash received on maturity of long-term deposits		1,700,000			—			—			1,700,000			718,860			102,437
Cash received from sales of long-term investment		15,000			—			—			15,000			2,000			285
Loan to a third-party company		—			(96,680	)		(13,777	)		—			(96,680	)		(13,777	)
Other investing activities		137			212			30			1,822			895			128

Net cash provided by (used in) investing activities		346,844			(2,277,350	)		(324,520	)		1,982,280			(1,442,919	)		(205,613	)
Cash flows from financing activities:
Proceeds from exercise of share options		551			4			1			570			17			2
Repurchase of ordinary shares		(58,767	)		(265,441	)		(37,825	)		(62,004	)		(772,263	)		(110,047	)
Repurchase of subsidiary’s share options		(223	)		—			—			(4,319	)		—			—
Dividends payment		—			—			—			(937,249	)		(716,302	)		(102,072	)
Proceeds from short-term borrowings		—			1,033,900			147,330			—			2,365,535			337,086
Proceeds from long-term borrowings		2,154,000			—			—			2,154,000			—			—
Repayment of long-term borrowings		—			(215,400	)		(30,694	)		—			(215,615	)		(30,725	)
Payment for redemption of convertible bonds		(86,932	)		—			—			(2,679,942	)		—			—

Net cash provided by (used in) financing activities		2,008,629			553,063			78,812			(1,528,944	)		661,372			94,244
Effect of exchange rate changes		(7,837	)		(178,773	)		(25,478	)		128,597			(130,234	)		(18,559	)

Net increase (decrease) in cash and cash equivalents		2,930,104			(1,562,107	)		(222,599	)		2,443,217			304,571			43,400
Cash, cash equivalents and restricted cash at the beginning of period		4,711,714			10,149,590			1,446,305			5,198,601			8,282,912			1,180,306
Cash, cash equivalents and restricted cash at the end of period		7,641,818			8,587,483			1,223,706			7,641,818			8,587,483			1,223,706

Hello Group Inc.

Reconciliation of Non-GAAP financial measures to comparable GAAP measures

(All amounts in thousands, except per share data)

1. Reconciliation of Non-GAAP cost and operating expenses, income from operations, and net income to comparable GAAP measures.


	Three months								Three months								Three months
	Ended September 30, 2023								Ended September 30, 2024								Ended September 30, 2024
	GAAP RMB			Share-based compensation RMB		Non-GAAP RMB			GAAP RMB			Share-based compensation RMB		Non-GAAP RMB			GAAP US$			Share-based compensation US$		Non-GAAP US$
Cost of revenues		(1,771,530	)		1,211		(1,770,319	)		(1,623,723	)		2,143		(1,621,580	)		(231,379	)		305		(231,074	)
Research and development		(201,693	)		14,993		(186,700	)		(196,382	)		11,030		(185,352	)		(27,984	)		1,573		(26,411	)
Sales and marketing		(373,942	)		5,854		(368,088	)		(354,881	)		4,774		(350,107	)		(50,570	)		680		(49,890	)
General and administrative		(113,896	)		37,414		(76,482	)		(111,174	)		26,004		(85,170	)		(15,842	)		3,706		(12,136	)

Cost and operating expenses		(2,461,061	)		59,472		(2,401,589	)		(2,286,160	)		43,951		(2,242,209	)		(325,775	)		6,264		(319,511	)
Income from operations		621,757			59,472		681,229			410,725			43,951		454,676			58,528			6,264		64,792
Net income attributable to Hello Group Inc.		546,428			59,472		605,900			449,369			43,951		493,320			64,035			6,264		70,299

Hello Group Inc.

Reconciliation of Non-GAAP financial measures to comparable GAAP measures

(All amounts in thousands, except per share data)

1. Reconciliation of Non-GAAP cost and operating expenses, income from operations, and net income to comparable GAAP measures-continued.


	First nine months								First nine months								First nine months
	Ended September 30, 2023								Ended September 30, 2024								Ended September 30, 2024
	GAAP RMB			Share-based compensation RMB		Non-GAAP RMB			GAAP RMB			Share-based compensation RMB		Non-GAAP RMB			GAAP US$			Share-based compensation US$		Non-GAAP US$
Cost of revenues		(5,255,277	)		4,398		(5,250,879	)		(4,722,520	)		5,821		(4,716,699	)		(672,954	)		829		(672,125	)
Research and development		(653,145	)		51,186		(601,959	)		(581,741	)		33,328		(548,413	)		(82,897	)		4,749		(78,148	)
Sales and marketing		(1,110,253	)		20,413		(1,089,840	)		(1,013,081	)		15,040		(998,041	)		(144,363	)		2,143		(142,220	)
General and administrative		(376,981	)		128,880		(248,101	)		(364,037	)		95,890		(268,147	)		(51,875	)		13,664		(38,211	)

Cost and operating expenses		(7,395,656	)		204,877		(7,190,779	)		(6,681,379	)		150,079		(6,531,300	)		(952,089	)		21,385		(930,704	)
Income from operations		1,703,019			204,877		1,907,896			1,296,084			150,079		1,446,163			184,691			21,385		206,076
Net income attributable to Hello Group Inc.		1,505,112			204,877		1,709,989			852,338			150,079		1,002,417			121,459			21,385		142,844

Hello Group Inc.

Unaudited Condensed Segment Report

(All amounts in thousands, except share and per share data)


	Three months Ended September 30, 2024
	Momo RMB			Tantan RMB			QOOL RMB			Total RMB			Total US$
Net revenues:
Live video service		1,219,890			66,552			—			1,286,442			183,317
Value-added service		1,219,115			137,155			—			1,356,270			193,267
Mobile marketing		22,368			8,367			—			30,735			4,380
Other services		899			—			318			1,217			173

Total net revenues		2,462,272			212,074			318			2,674,664			381,137
Cost and expenses (ii):
Cost of revenues		(1,523,515	)		(100,171	)		(37	)		(1,623,723	)		(231,379	)
Research and development		(160,161	)		(36,221	)		—			(196,382	)		(27,984	)
Sales and marketing		(298,630	)		(55,033	)		(1,218	)		(354,881	)		(50,570	)
General and administrative		(103,438	)		(7,175	)		(561	)		(111,174	)		(15,842	)

Total cost and expenses		(2,085,744	)		(198,600	)		(1,816	)		(2,286,160	)		(325,775	)
Other operating income		21,021			1,200			—			22,221			3,166

Income (loss) from operations		397,549			14,674			(1,498	)		410,725			58,528
Interest income		134,605			268			2			134,875			19,220
Interest expense		(34,809	)		—			—			(34,809	)		(4,960	)

Income (loss) before income tax and share of income on equity method investments		497,345			14,942			(1,496	)		510,791			72,788
Income tax expenses		(94,777	)		(521	)		—			(95,298	)		(13,580	)

Income (loss) before share of income on equity method investments		402,568			14,421			(1,496	)		415,493			59,208
Share of income on equity method investments		33,876			—			—			33,876			4,827

Net income (loss)		436,444			14,421			(1,496	)		449,369			64,035

(ii)	Share-based compensation was allocated in cost of revenues and operating expenses as follows:


	Three months Ended September 30, 2024
	Momo RMB		Tantan RMB		QOOL RMB		Total RMB		Total US$
Cost of revenues		2,143		—		—		2,143		305
Research and development		10,533		497		—		11,030		1,573
Sales and marketing		4,774		—		—		4,774		680
General and administrative		26,002		2		—		26,004		3,706

Total cost and expenses		43,452		499		—		43,951		6,264

Hello Group Inc.

Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report

(All amounts in thousands, except share and per share data)


	Three months Ended September 30, 2024
	Momo RMB		Tantan RMB		QOOL RMB			Total RMB		Total US$
Income (loss) from operations		397,549		14,674		(1,498	)		410,725		58,528
Share-based compensation		43,452		499		—			43,951		6,264

Non-GAAP income (loss) from operations		441,001		15,173		(1,498	)		454,676		64,792
Net income (loss)		436,444		14,421		(1,496	)		449,369		64,035
Share-based compensation		43,452		499		—			43,951		6,264

Non-GAAP net income (loss)		479,896		14,920		(1,496	)		493,320		70,299

Hello Group Inc.

Unaudited Condensed Segment Report

(All amounts in thousands, except share and per share data)


	Three months Ended September 30, 2023
	Momo RMB			Tantan RMB			QOOL RMB			Total RMB			Total US$¹
Net revenues:
Live video service		1,410,844			119,953			—			1,530,797			209,813
Value-added service		1,298,329			168,398			—			1,466,727			201,031
Mobile marketing		24,039			6,666			—			30,705			4,208
Mobile games		7,864			—			—			7,864			1,078
Other services		1,981			—			4,773			6,754			927

Total net revenues		2,743,057			295,017			4,773			3,042,847			417,057
Cost and expenses (iii):
Cost of revenues		(1,606,261	)		(145,346	)		(19,923	)		(1,771,530	)		(242,808	)
Research and development		(151,649	)		(50,044	)		—			(201,693	)		(27,644	)
Sales and marketing		(298,919	)		(71,978	)		(3,045	)		(373,942	)		(51,253	)
General and administrative		(105,339	)		(5,656	)		(2,901	)		(113,896	)		(15,611	)

Total cost and expenses		(2,162,168	)		(273,024	)		(25,869	)		(2,461,061	)		(337,316	)
Other operating income, net		37,750			1,985			236			39,971			5,478

Income (loss) from operations		618,639			23,978			(20,860	)		621,757			85,219
Interest income		96,680			94			17			96,791			13,266
Interest expense		(19,293	)		—			—			(19,293	)		(2,644	)

Income (loss) before income tax and share of income on equity method investments		696,026			24,072			(20,843	)		699,255			95,841
Income tax expenses		(156,992	)		(1,072	)		—			(158,064	)		(21,664	)

Income (loss) before share of income on equity method investments		539,034			23,000			(20,843	)		541,191			74,177
Share of income on equity method investments		974			—			—			974			133

Net income (loss)		540,008			23,000			(20,843	)		542,165			74,310

(iii)

Share-based compensation was allocated in cost of revenues and operating expenses as follows:


	Three months Ended September 30, 2023
	Momo RMB		Tantan RMB		QOOL RMB		Total RMB		Total US$
Cost of revenues		1,207		4		—		1,211		166
Research and development		11,401		3,592		—		14,993		2,055
Sales and marketing		5,854		—		—		5,854		802
General and administrative		37,406		8		—		37,414		5,128

Total cost and expenses		55,868		3,604		—		59,472		8,151

¹	All translations from RMB to U.S. dollars are made at a rate of RMB7.2960 to US$1.00, the effective noon buying rate for September 29, 2023 as set forth in the H.10 statistical release of the Federal Reserve Board.

Hello Group Inc.

Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report

(All amounts in thousands, except share and per share data)


	Three months Ended September 30, 2023
	Momo RMB		Tantan RMB		QOOL RMB			Total RMB		Total US$
Income (loss) from operations		618,639		23,978		(20,860	)		621,757		85,219
Share-based compensation		55,868		3,604		—			59,472		8,151

Non-GAAP income (loss) from operations		674,507		27,582		(20,860	)		681,229		93,370
Net income (loss)		540,008		23,000		(20,843	)		542,165		74,310
Share-based compensation		55,868		3,604		—			59,472		8,151

Non-GAAP net income (loss)		595,876		26,604		(20,843	)		601,637		82,461

Hello Group Inc.

Unaudited Condensed Segment Report

(All amounts in thousands, except share and per share data)


	First nine months
	Ended September 30, 2024
	Momo			Tantan			QOOL			Total			Total
	RMB			RMB			RMB			RMB			US$
Net revenues:
Live video service		3,590,747			237,256			—			3,828,003			545,486
Value-added service		3,573,860			422,102			—			3,995,962			569,420
Mobile marketing		71,397			27,923			—			99,320			14,153
Mobile games		432			—			—			432			62
Other services		1,915			—			843			2,758			393

Total net revenues		7,238,351			687,281			843			7,926,475			1,129,514
Cost and expenses (iv):
Cost of revenues		(4,408,264	)		(314,217	)		(39	)		(4,722,520	)		(672,954	)
Research and development		(462,202	)		(119,539	)		—			(581,741	)		(82,897	)
Sales and marketing		(836,410	)		(171,988	)		(4,683	)		(1,013,081	)		(144,363	)
General and administrative		(339,578	)		(23,744	)		(715	)		(364,037	)		(51,875	)

Total cost and expenses		(6,046,454	)		(629,488	)		(5,437	)		(6,681,379	)		(952,089	)
Other operating income		49,037			1,925			26			50,988			7,266

Income (loss) from operations		1,240,934			59,718			(4,568	)		1,296,084			184,691
Interest income		386,340			573			6			386,919			55,136
Interest expense		(91,000	)		—			—			(91,000	)		(12,967	)
Other gain or loss, net		(43,870	)		—			—			(43,870	)		(6,251	)

Income (loss) before income tax and share of income on equity method investments		1,492,404			60,291			(4,562	)		1,548,133			220,609
Income tax expenses		(753,721	)		(1,804	)		—			(755,525	)		(107,661	)

Income (loss) before share of income on equity method investments		738,683			58,487			(4,562	)		792,608			112,948
Share of income on equity method investments		59,730			—			—			59,730			8,511

Net income (loss)		798,413			58,487			(4,562	)		852,338			121,459

(iv)	Share-based compensation was allocated in cost of revenues and operating expenses as follows:


	First nine months
	Ended September 30, 2024
	Momo		Tantan		QOOL		Total		Total
	RMB		RMB		RMB		RMB		US$
Cost of revenues		5,817		4		—		5,821		829
Research and development		28,496		4,832		—		33,328		4,749
Sales and marketing		15,040		—		—		15,040		2,143
General and administrative		95,874		16		—		95,890		13,664

Total cost and expenses		145,227		4,852		—		150,079		21,385

Hello Group Inc.

Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report

(All amounts in thousands, except share and per share data)


	First nine months
	Ended September 30, 2024
	Momo		Tantan		QOOL			Total		Total
	RMB		RMB		RMB			RMB		US$
Income (loss) from operations		1,240,934		59,718		(4,568	)		1,296,084		184,691
Share-based compensation		145,227		4,852		—			150,079		21,385

Non-GAAP income (loss) from operations		1,386,161		64,570		(4,568	)		1,446,163		206,076
Net income (loss)		798,413		58,487		(4,562	)		852,338		121,459
Share-based compensation		145,227		4,852		—			150,079		21,385

Non-GAAP net income (loss)		943,640		63,339		(4,562	)		1,002,417		142,844

Hello Group Inc.

Unaudited Condensed Segment Report

(All amounts in thousands, except share and per share data)


	First nine months
	Ended September 30, 2023
	Momo			Tantan			QOOL			Total			Total
	RMB			RMB			RMB			RMB			US$
Net revenues:
Live video service		4,144,164			404,822			—			4,548,986			623,490
Value-added service		3,821,183			506,495			—			4,327,678			593,158
Mobile marketing		75,730			13,032			—			88,762			12,166
Mobile games		14,169			—			—			14,169			1,942
Other services		14,577			—			5,219			19,796			2,713

Total net revenues		8,069,823			924,349			5,219			8,999,391			1,233,469
Cost and expenses (v):
Cost of revenues		(4,765,127	)		(469,111	)		(21,039	)		(5,255,277	)		(720,296	)
Research and development		(483,997	)		(169,148	)		—			(653,145	)		(89,521	)
Sales and marketing		(894,462	)		(210,208	)		(5,583	)		(1,110,253	)		(152,173	)
General and administrative		(349,614	)		(19,600	)		(7,767	)		(376,981	)		(51,670	)

Total cost and expenses		(6,493,200	)		(868,067	)		(34,389	)		(7,395,656	)		(1,013,660	)
Other operating income		95,876			3,110			298			99,284			13,608

Income (loss) from operations		1,672,499			59,392			(28,872	)		1,703,019			233,417
Interest income		311,157			656			86			311,899			42,749
Interest expense		(41,671	)		—			—			(41,671	)		(5,711	)
Other gain or loss, net		4,565			—			—			4,565			626

Income (loss) before income tax and share of loss on equity method investments		1,946,550			60,048			(28,786	)		1,977,812			271,081
Income tax expenses		(443,175	)		(3,471	)		—			(446,646	)		(61,218	)

Income (loss) before share of loss on equity method investments		1,503,375			56,577			(28,786	)		1,531,166			209,863
Share of loss on equity method investments		(31,940	)		—			—			(31,940	)		(4,378	)

Net income (loss)		1,471,435			56,577			(28,786	)		1,499,226			205,485

(v)	Share-based compensation was allocated in cost of revenues and operating expenses as follows:


	First nine months
	Ended September 30, 2023
	Momo		Tantan		QOOL		Total		Total
	RMB		RMB		RMB		RMB		US$
Cost of revenues		4,262		136		—		4,398		603
Research and development		36,793		14,393		—		51,186		7,016
Sales and marketing		20,408		5		—		20,413		2,798
General and administrative		128,856		24		—		128,880		17,664

Total cost and expenses		190,319		14,558		—		204,877		28,081

Hello Group Inc.

Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report

(All amounts in thousands, except share and per share data)


	First nine months
	ended September 30, 2023
	Momo		Tantan		QOOL			Total		Total
	RMB		RMB		RMB			RMB		US$
Operating income (loss)		1,672,499		59,392		(28,872	)		1,703,019		233,417
Share-based compensation		190,319		14,558		—			204,877		28,081

Non-GAAP operating income (loss)		1,862,818		73,950		(28,872	)		1,907,896		261,498
Net income (loss)		1,471,435		56,577		(28,786	)		1,499,226		205,485
Share-based compensation		190,319		14,558		—			204,877		28,081

Non-GAAP net income (loss)		1,661,754		71,135		(28,786	)		1,704,103		233,566