Hello Group Inc. Announces Unaudited Financial Results for the Second Quarter of 2022
Hello Group (NASDAQ: MOMO) reported Q2 2022 financial results, showing a 15.3% year-over-year revenue decline, with net revenues at RMB3,110.4 million (US$464.4 million). Net income also fell to RMB345.6 million (US$51.6 million) from RMB464.2 million in Q2 2021. The company's monthly active users dropped to 111.2 million from 115.6 million a year earlier. For H1 2022, net revenues decreased by 12.4% to RMB6,258.5 million (US$934.4 million). For Q3 2022, the company anticipates revenues between RMB3.1 billion and RMB3.2 billion, reflecting further decline due to market conditions.
- Total value-added service revenues increased by 1.9% year-over-year to RMB1,536.4 million.
- Mobile games revenues surged by 87.3% year-over-year to RMB17.2 million.
- Net revenues decreased by 15.3% year-over-year in Q2 2022.
- Net income attributable to Hello Group decreased to RMB345.6 million in Q2 2022 from RMB464.2 million in Q2 2021.
- Monthly active users on the Momo app fell to 111.2 million from 115.6 million year-over-year.
- Total paying users for the Momo app declined to 8.6 million from 9.3 million year-over-year.
- Tantan segment reported a net loss of RMB131.7 million in Q2 2022, worsening from a loss of RMB6.7 million in Q2 2021.
- Expected Q3 2022 net revenues reflect a continued decline of 17.5% to 14.9% year-over-year.
BEIJING, Sept. 1, 2022 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) ("Hello Group" or the "Company"), a leading mobile social and entertainment platform in China, today announced its unaudited financial results for the second quarter of 2022.
Second Quarter of 2022 Highlights
- Net revenues decreased by 15.3% year over year to RMB3,110.4 million (US$464.4 million*) in the second quarter of 2022.
- Net income attributable to Hello Group Inc. decreased to RMB345.6 million (US$51.6 million) in the second quarter of 2022, from RMB464.2 million in the same period of 2021.
- Non-GAAP net income attributable to Hello Group Inc. (note 1) decreased to RMB463.5 million (US$69.2 million) in the second quarter of 2022, from RMB551.0 million in the same period of 2021.
- Diluted net income per American Depositary Share ("ADS") was RMB1.68 (US
$0.25) in the second quarter of 2022, compared to RMB2.15 in the same period of 2021. - Non-GAAP diluted net income per ADS (note 1) was RMB2.22 (US
$0.33) in the second quarter of 2022, compared to RMB2.54 in the same period of 2021. - Monthly Active Users ("MAU") on Momo application were 111.2 million in June 2022, compared to 115.6 million in June 2021. MAU on Tantan application were 24.8 million in June 2022.
- For the Momo app total paying users was 8.6 million for the second quarter of 2022, compared to 9.3 million for the same period last year. Tantan had 2.2 million paying users for the second quarter of 2022 compared to 3.1 million from the year ago period.
* This press release contains translations of certain Renminbi amounts into U.S. dollars at specified rates 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 RMB6. 6981 to US |
First Half of 2022 Highlights
- Net revenues decreased
12.4% year over year to RMB6,258.5 million (US$934.4 million ) for the first half of 2022. - Net income attributable to Hello Group Inc. was RMB635.5 million (US
$94.9 million ) for the first half of 2022, compared to RMB925.8 million during the same period of 2021. - Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB862.0 million (US
$128.7 million ) for the first half of 2022, compared to RMB1,184.6 million during the same period of 2021. - Diluted net income per ADS was RMB3.11 (US$0.46) for the first half of 2022, compared to RMB4.29 during the same period of 2021.
- Non-GAAP diluted net income per ADS (note 1) was RMB4.16 (US$0.62) for the first half of 2022, compared to RMB5.45 during the same period of 2021.
"The COVID resurgence in the first half of 2022 has brought many challenges and uncertainties to the overall market environment and our execution of strategic goals. However, I'm pleased to see that our team managed to deliver good results in the second quarter by adjusting our product and operational initiatives in a timely manner to cope with external headwinds, at the same time adapting our execution plan to fit the evolving external environment." commented Li Wang, CEO of Hello Group.
Second Quarter of 2022 Financial Results
Net revenues
Total net revenues were RMB3,110.4 million (US$464.4 million) in the second quarter of 2022, a decrease of 15.3% from RMB3,671.7 million in the second quarter of 2021.
Live video service revenues were RMB1,520.0 million (US
Value-added service revenues mainly include virtual gift revenues and membership subscription revenues. Total value-added service revenues were RMB1,536.4 million (US$229.4 million) in the second quarter of 2022, an increase of 1.9% from RMB1,507.3 million during the same period of 2021. The year-over-year increase was primarily attributable to the rapid revenue growth from the new standalone apps. The increase was partially offset by the decrease in Tantan's value-added service due to the demonetization process to improve user experience and retention, as well as COVID's negative impact on users' dating sentiment and propensity to pay for VAS.
Mobile marketing revenues were RMB35.9 million (US
Mobile games revenues were RMB17.2 million (US
Net revenues from the Momo segment decreased from RMB3,157.5 million in the second quarter of 2021 to RMB2,779.5 million (US
Cost and expenses
Cost and expenses were RMB2,804.8 million (US
Non-GAAP cost and expenses (note 1) were RMB2,686.9 million (US$401.1 million) in the second quarter of 2022, a decrease of 9.8% from RMB2,980.1 million during the same period of 2021.
Other operating income
Other operating income was RMB40.6 million (US$6.1 million) in the second quarter of 2022, a decrease from RMB90.3 million during the second quarter of 2021. The other operating income mainly consisted of government incentives.
Income from operations
Income from operations was RMB346.2 million (US$51.7 million) in the second quarter of 2022, compared to RMB686.3 million during the same period of 2021. Income from operations of the Momo segment was RMB483.5 million (US$72.2 million) in the second quarter of 2022, which decreased from RMB711.3 million in the second quarter of 2021. Loss from operations of the Tantan segment was RMB131.3 million (US
Non-GAAP income from operations (note 1) was RMB464.1 million (US$69.3 million) in the second quarter of 2022, compared to RMB781.9 million during the same period of 2021. Non-GAAP income from operations of the Momo segment was RMB589.2 million (US$88.0 million) in the second quarter of 2022, which decreased from RMB835.8 million in the second quarter of 2021. Non-GAAP loss from operations of the Tantan segment was RMB119.0 million (US$17.8 million) in the second quarter of 2022, compared to non-GAAP loss from operations of RMB40.9 million in the second quarter of 2021.
Other gain or loss, net
Other gain was RMB66.3 million (US
Income tax expenses
Income tax expenses were RMB146.0 million (US
Net income
Net income was RMB344.3 million (US$51.4 million) in the second quarter of 2022, compared to RMB461.5 million during the same period of 2021. Net income from the Momo segment was RMB482.0 million (US$72.0 million) in the second quarter of 2022, compared to RMB481.3 million in the same period of 2021. Net loss from the Tantan segment was RMB131.7 million (US$19.7 million) in the second quarter of 2022, compared to net loss of RMB6.7 million in the second quarter of 2021.
Non-GAAP net income (note 1) was RMB462.3 million (US$69.0 million) in the second quarter of 2022, compared to RMB548.3 million during the same period of 2021. Non-GAAP net income from the Momo segment was RMB587.6 million (US$87.7 million) in the second quarter of 2022, which decreased from RMB605.8 million in the second quarter of 2021. Non-GAAP net loss of the Tantan segment was RMB119.4 million (US$17.8 million) in the second quarter of 2022, compared to non-GAAP net loss of RMB44.5 million in the second quarter of 2021.
Net income attributable to Hello Group Inc.
Net income attributable to Hello Group Inc. was RMB345.6 million (US$51.6 million) in the second quarter of 2022, compared to a net income of RMB464.2 million during the same period of 2021.
Non-GAAP net income (note 1) attributable to Hello Group Inc. was RMB463.5 million (US$69.2 million) in the second quarter of 2022, compared to RMB551.0 million during the same period of 2021.
Net income per ADS
Diluted net income per ADS was RMB1.68 (US$0.25) in the second quarter of 2022, compared to RMB2.15 in the second quarter of 2021.
Non-GAAP diluted net income per ADS (note 1) was RMB2.22 (US
Cash and cash flow
As of June 30, 2022, the Company's cash, cash equivalents, short-term deposits, long-term deposits, short-term restricted cash and long-term restricted cash totaled RMB13,947.2 million (US$2,082.3 million), compared to RMB15,707.0 million as of December 31, 2021. The decrease of cash, cash equivalents, short-term deposits, long-term deposits, short-term restricted cash and long-term restricted cash was mainly due to the cash dividend we paid to our shareholders and payment for repurchase of convertible senior notes in the second quarter of 2022.
Net cash provided by operating activities in the second quarter of 2022 was RMB200.3 million (US$29.9 million), compared to a net cash used in operating activities of RMB167.8 million in the second quarter of 2021. For the second quarter of 2022, included in our cash provided by operating activities is RMB100.0 million (US
First Half of 2022 Financial Results
Net revenues for the first half of 2022 were RMB6,258.5 million (US
Net income attributable to Hello Group Inc. was RMB635.5 million (US
Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB862.0 million (US
Diluted net income per ADS was RMB3.11 (US
Non-GAAP diluted net income per ADS (note 1) was RMB4.16 (US
Net cash provided by operating activities was RMB243.7 million (US
Recent Development
Execution of 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
Business Outlook
For the third quarter of 2022, the Company expects total net revenues to be between RMB3.1 billion to RMB3.2 billion, representing a decrease of
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, impairment loss on goodwill and intangible assets, amortization of intangible assets from business acquisitions, and tax impacts related to the amortization of intangible assets from business acquisitions.
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 (loss) attributable to Hello Group Inc., and diluted net income per ADS) is adjusted from the most comparable GAAP results to exclude share-based compensation, impairment loss on goodwill and intangible assets, amortization of intangible assets from business acquisitions, and tax impacts related to the amortization of intangible assets from business acquisitions. A limitation of using these non-GAAP financial measures is that share-based compensation, impairment loss on goodwill and intangible assets, amortization of intangible assets from business acquisitions, and tax impacts related to the amortization of intangible assets from business acquisitions have 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 Thursday, September 1, 2022, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on September 1, 2022).
Participants can register for the conference call by navigating to:
https://s1.c-conf.com/diamondpass/10024750-8qar7z.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 September 8, 2022. The dial-in details for the replay are as follows:
U.S. / Canada: 1-855-883-1031
Hong Kong: 800-930-639
Passcode: 10024750
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 China's online social and entertainment 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. It is designed to help its users find and establish romantic connections as well as meet interesting people. We also operate a number of other applications to serve different social and entertainment demands from our users.
For investor and media inquiries, please contact:
Hello Group Inc.
Investor Relations
Phone: +86-10-5731-0538
Email: ir@hellogroup.com
Christensen
In China
Mr. Eric Yuan
Phone: +86-10-5900-1548
E-mail: Eyuan@christensenir.com
In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.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 third quarter of 2022, 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 second quarter of 2022 are preliminary, unaudited and subject to audit adjustment. In addition, we may not meet our financial outlook for the third quarter of 2022 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 impact of the COVID-19 pandemic on the Company's business operations and the economy in China, 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 | First half year | ||||||||||
Ended June 30 | Ended June 30 | ||||||||||
2021 | 2022 | 2022 | 2021 | 2022 | 2022 | ||||||
RMB | RMB | US$ | RMB | RMB | US$ | ||||||
Net revenues: | |||||||||||
Live video service | 2,101,332 | 1,519,978 | 226,927 | 4,063,427 | 3,128,701 | 467,103 | |||||
Value-added service | 1,507,258 | 1,536,384 | 229,376 | 2,962,771 | 3,019,815 | 450,847 | |||||
Mobile marketing | 51,601 | 35,913 | 5,362 | 90,318 | 63,786 | 9,523 | |||||
Mobile games | 9,182 | 17,200 | 2,568 | 20,366 | 42,697 | 6,374 | |||||
Other services | 2,341 | 940 | 140 | 5,428 | 3,494 | 521 | |||||
Total net revenues | 3,671,714 | 3,110,415 | 464,373 | 7,142,310 | 6,258,493 | 934,368 | |||||
Cost and expenses: | |||||||||||
Cost of revenues | (2,070,329) | (1,797,846) | (268,411) | (4,008,574) | (3,619,234) | (540,337) | |||||
Research and development | (268,325) | (238,262) | (35,572) | (554,818) | (488,457) | (72,925) | |||||
Sales and marketing | (650,236) | (610,953) | (91,213) | (1,263,809) | (1,199,530) | (179,085) | |||||
General and administrative | (86,747) | (157,746) | (23,551) | (264,709) | (317,581) | (47,414) | |||||
Total cost and expenses | (3,075,637) | (2,804,807) | (418,747) | (6,091,910) | (5,624,802) | (839,761) | |||||
Other operating income | 90,268 | 40,570 | 6,057 | 116,168 | 64,501 | 9,630 | |||||
Income from operations | 686,345 | 346,178 | 51,683 | 1,166,568 | 698,192 | 104,237 | |||||
Interest income | 94,448 | 93,630 | 13,979 | 191,142 | 191,487 | 28,588 | |||||
Interest expense | (18,302) | (28,231) | (4,215) | (36,663) | (47,565) | (7,101) | |||||
Other gain or loss, net | (10,500) | 66,303 | 9,899 | (18,000) | 77,922 | 11,633 | |||||
Income before income tax and share of income on equity method investments | 751,991 | 477,880 | 71,346 | 1,303,047 | 920,036 | 137,357 | |||||
Income tax expenses | (291,509) | (146,045) | (21,804) | (382,907) | (296,819) | (44,314) | |||||
Income before share of income on equity method investments | 460,482 | 331,835 | 49,542 | 920,140 | 623,217 | 93,043 | |||||
Share of income on equity method investments | 1,042 | 12,513 | 1,868 | 2,303 | 9,913 | 1,480 | |||||
Net income | 461,524 | 344,348 | 51,410 | 922,443 | 633,130 | 94,523 | |||||
Less: net loss attributable to non-controlling interest | (2,636) | (1,221) | (182) | (3,376) | (2,324) | (347) | |||||
Net income attributable to the shareholders of Hello Group Inc. | 464,160 | 345,569 | 51,592 | 925,819 | 635,454 | 94,870 | |||||
Net income per share attributable to ordinary shareholders | |||||||||||
Basic | 1.13 | 0.87 | 0.13 | 2.25 | 1.6 | 0.24 | |||||
Diluted | 1.07 | 0.84 | 0.13 | 2.15 | 1.56 | 0.23 | |||||
Weighted average shares used in calculating net income per ordinary share | |||||||||||
Basic | 411,540,714 | 396,777,496 | 396,777,496 | 411,753,583 | 396,013,164 | 396,013,164 | |||||
Diluted | 449,020,572 | 434,212,413 | 434,212,413 | 448,597,242 | 432,896,998 | 432,896,998 | |||||
Hello Group Inc. | |||||||||||
Unaudited Condensed Consolidated Statement of Comprehensive Income | |||||||||||
(All amounts in thousands, except share and per share data) | |||||||||||
Three months | First half year | ||||||||||
Ended June 30 | Ended June 30 | ||||||||||
2021 | 2022 | 2022 | 2021 | 2022 | 2022 | ||||||
RMB | RMB | US$ | RMB | RMB | US$ | ||||||
Net income | 461,524 | 344,348 | 51,410 | 922,443 | 633,130 | 94,523 | |||||
Other comprehensive loss, net of tax: | |||||||||||
Foreign currency translation adjustment | (28,396) | (151,539) | (22,624) | (32,198) | (140,489) | (20,974) | |||||
Comprehensive income | 433,128 | 192,809 | 28,786 | 890,245 | 492,641 | 73,549 | |||||
Less: comprehensive (loss) income attributed to the non- controlling interest | (6,162) | 8,915 | 1,331 | (5,783) | 6,879 | 1,027 | |||||
Comprehensive income attributable to Hello Group Inc. | 439,290 | 183,894 | 27,455 | 896,028 | 485,762 | 72,522 | |||||
Hello Group Inc. | |||||
Unaudited Condensed Consolidated Balance Sheets | |||||
(All amounts in thousands, except share and per share data) | |||||
December 31 | June 30 | June 30 | |||
2021 | 2022 | 2022 | |||
RMB | RMB | US$ | |||
Assets | |||||
Current assets | |||||
Cash and cash equivalents | 5,570,563 | 4,364,550 | 651,610 | ||
Short-term deposits | 2,860,000 | 6,600,000 | 985,354 | ||
Restricted cash | - | 102,270 | 15,269 | ||
Accounts receivable, net of allowance for doubtful accounts of RMB15,127 and RMB6,765 as of December 31, 2021 and June 30, 2022, respectively | 205,225 | 213,983 | 31,947 | ||
Prepaid expenses and other current assets | 775,072 | 824,221 | 123,053 | ||
Total current assets | 9,410,860 | 12,105,024 | 1,807,233 | ||
Long-term deposits | 7,200,000 | 2,800,000 | 418,029 | ||
Long-term restricted cash | 76,471 | 80,377 | 12,000 | ||
Right-of-use assets, net | 257,934 | 179,102 | 26,739 | ||
Property and equipment, net | 180,664 | 192,372 | 28,720 | ||
Intangible assets, net | 27,320 | 24,762 | 3,697 | ||
Rental deposits | 19,204 | 21,453 | 3,203 | ||
Long-term investments | 820,006 | 885,947 | 132,268 | ||
Other non-current assets | 83,930 | 99,139 | 14,801 | ||
Deferred tax assets | 34,849 | 36,425 | 5,438 | ||
Total assets | 18,111,238 | 16,424,601 | 2,452,128 | ||
Liabilities and equity | |||||
Current liabilities | |||||
Accounts payable | 726,207 | 626,497 | 93,534 | ||
Deferred revenue | 539,967 | 486,264 | 72,597 | ||
Accrued expenses and other current liabilities | 911,050 | 771,145 | 115,129 | ||
Amount due to related parties | 5,016 | 1,619 | 242 | ||
Lease liabilities due within one year | 162,950 | 121,587 | 18,152 | ||
Income tax payable | 125,773 | 90,484 | 13,509 | ||
Deferred consideration in connection with business acquisitions | 44,802 | 41,220 | 6,154 | ||
Total current liabilities | 2,515,765 | 2,138,816 | 319,317 | ||
Deferred tax liabilities | 213,384 | 54,469 | 8,132 | ||
Convertible senior notes | 4,565,292 | 3,606,426 | 538,425 | ||
Lease liabilities | 103,105 | 63,588 | 9,493 | ||
Other non-current liabilities | 128,095 | 113,405 | 16,931 | ||
Total liabilities | 7,525,641 | 5,976,704 | 892,298 | ||
Shareholder's equity (i) | 10,585,597 | 10,447,897 | 1,559,830 | ||
Total liabilities and shareholder's equity | 18,111,238 | 16,424,601 | 2,452,128 | ||
(i): As of June 30, 2022, the number of ordinary shares outstanding was 396,887,230. | |||||
Hello Group Inc. | |||||||||||
Unaudited Condensed Consolidated Statement of Cash Flows | |||||||||||
(All amounts in thousands, except share and per share data) | |||||||||||
Three months | First half year | ||||||||||
Ended June 30 | Ended June 30 | ||||||||||
2021 | 2022 | 2022 | 2021 | 2022 | 2022 | ||||||
RMB | RMB | US$ | RMB | RMB | US$ | ||||||
Cash flows from operating activities: | |||||||||||
Net income | 461,524 | 344,348 | 51,410 | 922,443 | 633,130 | 94,523 | |||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation of property and equipment | 40,072 | 28,081 | 4,192 | 82,615 | 56,060 | 8,370 | |||||
Amortization of intangible assets | 36,108 | 1,279 | 191 | 73,061 | 2,558 | 382 | |||||
Share-based compensation | 60,658 | 117,948 | 17,609 | 205,915 | 226,564 | 33,825 | |||||
Share of income on equity method investments | (1,042) | (12,513) | (1,868) | (2,303) | (9,913) | (1,480) | |||||
Gain on repurchase of convertible senior notes | - | (66,303) | (9,899) | - | (77,922) | (11,633) | |||||
Loss on long-term investments | 10,500 | - | - | 18,000 | - | - | |||||
Gain on disposal of subsidiaries | (15,526) | - | - | (15,526) | - | - | |||||
Cash received on distributions from equity method investments | - | 1,708 | 255 | - | 1,708 | 255 | |||||
Loss or gain on disposal of property and equipment | (1,101) | 180 | 27 | (1,079) | 140 | 21 | |||||
Provision of losses on receivable and other assets | 169 | 365 | 54 | 564 | 367 | 55 | |||||
Changes in operating assets and liabilities: | |||||||||||
Accounts receivable | (15,162) | (9,927) | (1,482) | (22,742) | (7,278) | (1,087) | |||||
Prepaid expenses and other current assets | (31,941) | (13,584) | (2,028) | (118,618) | (57,562) | (8,594) | |||||
Rental deposits | (1,951) | 3,136 | 468 | (592) | 683 | 102 | |||||
Deferred tax assets | (627) | - | - | (1,234) | (1,576) | (235) | |||||
Other non-current assets | 36,720 | 19,075 | 2,848 | 49,050 | 60,690 | 9,061 | |||||
Accounts payable | 48,889 | (16,996) | (2,537) | 47,822 | (105,954) | (15,819) | |||||
Income tax payable | (119,269) | (30,714) | (4,585) | (96,378) | (35,288) | (5,268) | |||||
Deferred revenue | 16,464 | (11,921) | (1,780) | 16,085 | (54,535) | (8,142) | |||||
Accrued expenses and other current liabilities | 23,189 | (63,615) | (9,497) | (95,783) | (195,833) | (29,237) | |||||
Amount due to related parties | 600 | (3,240) | (484) | (6,556) | (3,397) | (507) | |||||
Deferred tax liabilities | (9,027) | (61,942) | (9,248) | (18,265) | (157,327) | (23,488) | |||||
Share-based compensation liability | (678,153) | - | - | (678,153) | - | - | |||||
Other non-current liabilities | (28,877) | (25,016) | (3,735) | (24,517) | (31,656) | (4,726) | |||||
Net cash (used in) provided by operating activities | (167,783) | 200,349 | 29,911 | 333,809 | 243,659 | 36,378 | |||||
Cash flows from investing activities: | |||||||||||
Purchase of property and equipment | (20,020) | (21,694) | (3,239) | (45,203) | (43,341) | (6,471) | |||||
Payment for long-term investments | (300,000) | (55,343) | (8,262) | (300,000) | (55,343) | (8,262) | |||||
Purchase of short-term deposits | (1,566,688) | - | - | (2,476,688) | - | - | |||||
Cash received on maturity of short-term deposits | 2,089,618 | 100,000 | 14,930 | 2,658,912 | 1,010,000 | 150,789 | |||||
Cash received on investment income distribution | - | - | - | 5,610 | 3,523 | 526 | |||||
Cash of disposed subsidiaries | (8,750) | - | - | (8,750) | - | - | |||||
Purchase of long-term deposits | (250,000) | (400,000) | (59,718) | (250,000) | (1,550,000) | (231,409) | |||||
Cash received on maturity of long-term deposits | - | 1,200,000 | 179,155 | - | 1,200,000 | 179,155 | |||||
Other investing activities | 2,390 | 318 | 47 | 2,393 | 322 | 48 | |||||
Net cash (used in) provided by investing activities | (53,450) | 823,281 | 122,913 | (413,726) | 565,161 | 84,376 | |||||
Cash flows from financing activities: | |||||||||||
Deferred payment for business acquisition | - | - | - | (12,907) | (5,563) | (831) | |||||
Proceeds from exercise of share options | 310 | 2 | - | 310 | 33 | 5 | |||||
Repurchase of ordinary shares | (103,072) | (2,335) | (349) | (106,151) | (2,335) | (349) | |||||
Repurchase of subsidiary's share options | (2,780) | (21,110) | (3,152) | (5,561) | (25,537) | (3,813) | |||||
Dividends payment | (852,743) | (840,997) | (125,558) | (852,743) | (840,997) | (125,558) | |||||
Payment for redemption of convertible bonds | - | (1,002,537) | (149,675) | - | (1,112,544) | (166,098) | |||||
Net cash used in financing activities | (958,285) | (1,866,977) | (278,734) | (977,052) | (1,986,943) | (296,644) | |||||
Effect of exchange rate changes | (28,952) | 93,897 | 14,020 | (25,036) | 78,286 | 11,689 | |||||
Net decrease in cash and cash equivalents | (1,208,470) | (749,450) | (111,890) | (1,082,005) | (1,099,837) | (164,201) | |||||
Cash, cash equivalents and restricted cash at the beginning of period | 3,492,537 | 5,296,647 | 790,769 | 3,366,072 | 5,647,034 | 843,080 | |||||
Cash, cash equivalents and restricted cash at the end of period | 2,284,067 | 4,547,197 | 678,879 | 2,284,067 | 4,547,197 | 678,879 | |||||
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 June 30, 2021 | Ended June 30, 2022 | Ended June 30, 2022 | ||||||||||||
GAAP | Amortization of intangible assets from business acquisitions | Share-based compensation | Tax impacts | Non-GAAP | GAAP | Share-based compensation | Non-GAAP | GAAP | Share-based compensation | Non-GAAP | ||||
(ii) | ||||||||||||||
RMB | RMB | RMB | RMB | RMB | RMB | RMB | RMB | US$ | US$ | US$ | ||||
Cost of revenues | (2,070,329) | 17,256 | 4,201 | - | (2,048,872) | (1,797,846) | 7,914 | (1,789,932) | (268,411) | 1,182 | (267,229) | |||
Research and development | (268,325) | 1,461 | 33,965 | - | (232,899) | (238,262) | 23,965 | (214,297) | (35,572) | 3,578 | (31,994) | |||
Sales and marketing | (650,236) | 16,137 | 14,588 | - | (619,511) | (610,953) | 10,894 | (600,059) | (91,213) | 1,626 | (89,587) | |||
General and administrative | (86,747) | - | 7,904 | - | (78,843) | (157,746) | 75,175 | (82,571) | (23,551) | 11,223 | (12,328) | |||
Cost and operating expenses | (3,075,637) | 34,854 | 60,658 | - | (2,980,125) | (2,804,807) | 117,948 | (2,686,859) | (418,747) | 17,609 | (401,138) | |||
Income from operations | 686,345 | 34,854 | 60,658 | - | 781,857 | 346,178 | 117,948 | 464,126 | 51,683 | 17,609 | 69,292 | |||
Net income | 464,160 | 34,854 | 60,658 | (8,714) | 550,958 | 345,569 | 117,948 | 463,517 | 51,592 | 17,609 | 69,201 | |||
attributable to Hello Group Inc. | ||||||||||||||
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 half year | First half year | First half year | ||||||||||||||
Ended June 30, 2021 | Ended June 30, 2022 | Ended June 30, 2022 | ||||||||||||||
GAAP | Amortization of intangible assets from business acquisitions | Share- based compensa tion | Tax impacts | Non-GAAP | GAAP | Share-based compensation | Non-GAAP | GAAP | Share-based compensation | Non-GAAP | ||||||
(ii) | ||||||||||||||||
RMB | RMB | RMB | RMB | RMB | RMB | RMB | RMB | US$ | US$ | US$ | ||||||
Cost of revenues | (4,008,574) | 34,567 | 7,925 | - | (3,966,082) | (3,619,234) | 10,992 | (3,608,242) | (540,337) | 1,641 | (538,696) | |||||
Research and development | (554,818) | 3,660 | 74,174 | - | (476,984) | (488,457) | 44,939 | (443,518) | (72,925) | 6,709 | (66,216) | |||||
Sales and marketing | (1,263,809) | 32,326 | 32,144 | - | (1,199,339) | (1,199,530) | 21,499 | (1,178,031) | (179,085) | 3,210 | (175,875) | |||||
General and administrative | (264,709) | - | 91,672 | - | (173,037) | (317,581) | 149,134 | (168,447) | (47,414) | 22,265 | (25,149) | |||||
Cost and operating expenses | (6,091,910) | 70,553 | 205,915 | - | (5,815,442) | (5,624,802) | 226,564 | (5,398,238) | (839,761) | 33,825 | (805,936) | |||||
Income from operations | 1,166,568 | 70,553 | 205,915 | - | 1,443,036 | 698,192 | 226,564 | 924,756 | 104,237 | 33,825 | 138,062 | |||||
Net income | 925,819 | 70,553 | 205,915 | (17,639) | 1,184,648 | 635,454 | 226,564 | 862,018 | 94,870 | 33,825 | 128,695 | |||||
attributable to Hello Group Inc. | ||||||||||||||||
(ii) Includes tax impacts related to the amortization of intangible assets from business acquisition. | ||||||||||||||||
Hello Group Inc. | |||||||||
Unaudited Condensed Segment Report | |||||||||
(All amounts in thousands, except share and per share data) | |||||||||
Three months | |||||||||
Ended June 30, 2022 | |||||||||
Momo | Tantan | QOOL | Total | Total | |||||
RMB | RMB | RMB | RMB | US$ | |||||
Net revenues: | |||||||||
Live video service | 1,403,596 | 116,382 | - | 1,519,978 | 226,927 | ||||
Value-added service | 1,321,967 | 214,417 | - | 1,536,384 | 229,376 | ||||
Mobile marketing | 35,913 | - | - | 35,913 | 5,362 | ||||
Mobile games | 17,200 | - | - | 17,200 | 2,568 | ||||
Other services | 782 | - | 158 | 940 | 140 | ||||
Total net revenues | 2,779,458 | 330,799 | 158 | 3,110,415 | 464,373 | ||||
Cost and expenses (iii): | |||||||||
Cost of revenues | (1,631,584) | (165,696) | (566) | (1,797,846) | (268,411) | ||||
Research and development | (171,614) | (66,648) | - | (238,262) | (35,572) | ||||
Sales and marketing | (386,496) | (223,311) | (1,146) | (610,953) | (91,213) | ||||
General and administrative | (144,574) | (8,685) | (4,487) | (157,746) | (23,551) | ||||
Total cost and expenses | (2,334,268) | (464,340) | (6,199) | (2,804,807) | (418,747) | ||||
Other operating income | 38,344 | 2,225 | 1 | 40,570 | 6,057 | ||||
Income (loss) from operations | 483,534 | (131,316) | (6,040) | 346,178 | 51,683 | ||||
Interest income | 93,506 | 52 | 72 | 93,630 | 13,979 | ||||
Interest expense | (28,231) | - | - | (28,231) | (4,215) | ||||
Other gain or loss, net | 66,303 | - | - | 66,303 | 9,899 | ||||
Income (loss) before income tax and share of income on equity method investments | 615,112 | (131,264) | (5,968) | 477,880 | 71,346 | ||||
Income tax expenses | (145,628) | (417) | - | (146,045) | (21,804) | ||||
Income (loss) before share of income on equity method investments | 469,484 | (131,681) | (5,968) | 331,835 | 49,542 | ||||
Share of loss on equity method investments | 12,513 | - | - | 12,513 | 1,868 | ||||
Net income (loss) | 481,997 | (131,681) | (5,968) | 344,348 | 51,410 | ||||
(iii) Share-based compensation was allocated in cost of revenues and operating expenses as follows: | |||||||||
Three months | |||||||||
Ended June 30, 2022 | |||||||||
Momo | Tantan | QOOL | Total | Total | |||||
RMB | RMB | RMB | RMB | US$ | |||||
Cost of revenues | 2,152 | 5,762 | - | 7,914 | 1,182 | ||||
Research and development | 17,659 | 6,306 | - | 23,965 | 3,578 | ||||
Sales and marketing | 10,693 | 201 | - | 10,894 | 1,626 | ||||
General and administrative | 75,134 | 41 | - | 75,175 | 11,223 | ||||
Total cost and expenses | 105,638 | 12,310 | - | 117,948 | 17,609 | ||||
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 June 30, 2022 | |||||||||
Momo | Tantan | QOOL | Total | Total | |||||
RMB | RMB | RMB | RMB | US$ | |||||
Income (loss) from operations | 483,534 | (131,316) | (6,040) | 346,178 | 51,683 | ||||
Share-based compensation | 105,638 | 12,310 | - | 117,948 | 17,609 | ||||
Non-GAAP income (loss) from operations | 589,172 | (119,006) | (6,040) | 464,126 | 69,292 | ||||
Net income (loss) | 481,997 | (131,681) | (5,968) | 344,348 | 51,410 | ||||
Share-based compensation | 105,638 | 12,310 | - | 117,948 | 17,609 | ||||
Non-GAAP net income (loss) | 587,635 | (119,371) | (5,968) | 462,296 | 69,019 | ||||
Hello Group Inc. | |||||||||
Unaudited Condensed Segment Report | |||||||||
(All amounts in thousands, except share and per share data) | |||||||||
Three months | |||||||||
Ended June 30, 2021 | |||||||||
Momo | Tantan | QOOL | Total | Total | |||||
RMB | RMB | RMB | RMB | US$[1] | |||||
Net revenues: | |||||||||
Live video service | 1,884,821 | 216,511 | - | 2,101,332 | 325,455 | ||||
Value-added service | 1,210,220 | 297,038 | - | 1,507,258 | 233,445 | ||||
Mobile marketing | 51,601 | - | - | 51,601 | 7,992 | ||||
Mobile games | 9,182 | - | - | 9,182 | 1,422 | ||||
Other services | 1,706 | - | 635 | 2,341 | 362 | ||||
Total net revenues | 3,157,530 | 513,549 | 635 | 3,671,714 | 568,676 | ||||
Cost and expenses (iv): | |||||||||
Cost of revenues | (1,796,504) | (266,197) | (7,628) | (2,070,329) | (320,653) | ||||
Research and development | (195,371) | (72,954) | - | (268,325) | (41,558) | ||||
Sales and marketing | (378,938) | (270,266) | (1,032) | (650,236) | (100,709) | ||||
General and administrative | (140,905) | 59,205 | (5,047) | (86,747) | (13,435) | ||||
Total cost and expenses | (2,511,718) | (550,212) | (13,707) | (3,075,637) | (476,355) | ||||
Other operating income | 65,445 | 24,798 | 25 | 90,268 | 13,981 | ||||
Income (loss) from operations | 711,257 | (11,865) | (13,047) | 686,345 | 106,302 | ||||
Interest income | 94,112 | 291 | 45 | 94,448 | 14,628 | ||||
Interest expense | (18,302) | - | - | (18,302) | (2,835) | ||||
Other gain or loss, net | (10,500) | - | - | (10,500) | (1,626) | ||||
Income (loss) before income tax and share of income on equity method investments | 776,567 | (11,574) | (13,002) | 751,991 | 116,469 | ||||
Income tax (expenses) benefits | (296,344) | 4,835 | - | (291,509) | (45,149) | ||||
Income (loss) before share of income on equity method investments | 480,223 | (6,739) | (13,002) | 460,482 | 71,320 | ||||
Share of income on equity method investments | 1,042 | - | - | 1,042 | 161 | ||||
Net income (loss) | 481,265 | (6,739) | (13,002) | 461,524 | 71,481 | ||||
(iv) Share-based compensation was allocated in cost of revenues and operating expenses as follows: | |||||||||
Three months | |||||||||
Ended June 30, 2021 | |||||||||
Momo | Tantan | QOOL | Total | Total | |||||
RMB | RMB | RMB | RMB | US$ | |||||
Cost of revenues | 2,640 | 1,561 | - | 4,201 | 651 | ||||
Research and development | 29,663 | 4,302 | - | 33,965 | 5,261 | ||||
Sales and marketing | 12,971 | 1,617 | - | 14,588 | 2,259 | ||||
General and administrative | 79,308 | (71,404) | - | 7,904 | 1,224 | ||||
Total cost and expenses | 124,582 | (63,924) | - | 60,658 | 9,395 | ||||
[1] All translations from RMB to U.S. dollars are made at a rate of RMB6.4566 to US 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 June 30, 2021 | |||||||||
Momo | Tantan | QOOL | Total | Total | |||||
RMB | RMB | RMB | RMB | US$ | |||||
Income (loss) from operations | 711,257 | (11,865) | (13,047) | 686,345 | 106,302 | ||||
Share-based compensation | 124,582 | (63,924) | - | 60,658 | 9,395 | ||||
Amortization of intangible assets from business acquisitions | - | 34,854 | - | 34,854 | 5,398 | ||||
Non-GAAP income (loss) from operations | 835,839 | (40,935) | (13,047) | 781,857 | 121,095 | ||||
Net income (loss) | 481,265 | (6,739) | (13,002) | 461,524 | 71,481 | ||||
Share-based compensation | 124,582 | (63,924) | - | 60,658 | 9,395 | ||||
Amortization of intangible assets from business acquisitions | - | 34,854 | - | 34,854 | 5,398 | ||||
Tax impacts | - | (8,714) | - | (8,714) | (1,351) | ||||
Non-GAAP net income (loss) | 605,847 | (44,523) | (13,002) | 548,322 | 84,923 | ||||
Hello Group Inc. | |||||||||
Unaudited Condensed Segment Report | |||||||||
(All amounts in thousands, except share and per share data) | |||||||||
First half year | |||||||||
Ended June 30, 2022 | |||||||||
Momo | Tantan | QOOL | Total | Total | |||||
RMB | RMB | RMB | RMB | US$ | |||||
Net revenues: | |||||||||
Live video service | 2,887,119 | 241,582 | - | 3,128,701 | 467,103 | ||||
Value-added service | 2,581,559 | 438,256 | - | 3,019,815 | 450,847 | ||||
Mobile marketing | 63,786 | - | - | 63,786 | 9,523 | ||||
Mobile games | 42,697 | - | - | 42,697 | 6,374 | ||||
Other services | 3,172 | - | 322 | 3,494 | 521 | ||||
Total net revenues | 5,578,333 | 679,838 | 322 | 6,258,493 | 934,368 | ||||
Cost and expenses (v): | |||||||||
Cost of revenues | (3,276,411) | (341,911) | (912) | (3,619,234) | (540,337) | ||||
Research and development | (359,913) | (128,544) | - | (488,457) | (72,925) | ||||
Sales and marketing | (704,176) | (493,458) | (1,896) | (1,199,530) | (179,085) | ||||
General and administrative | (291,770) | (16,761) | (9,050) | (317,581) | (47,414) | ||||
Total cost and expenses | (4,632,270) | (980,674) | (11,858) | (5,624,802) | (839,761) | ||||
Other operating income | 56,690 | 7,769 | 42 | 64,501 | 9,630 | ||||
Income (loss) from operations | 1,002,753 | (293,067) | (11,494) | 698,192 | 104,237 | ||||
Interest income | 191,249 | 104 | 134 | 191,487 | 28,588 | ||||
Interest expense | (47,565) | - | - | (47,565) | (7,101) | ||||
Other gain or loss, net | 77,922 | - | - | 77,922 | 11,633 | ||||
Income (loss) before income tax and share of income on equity method investments | 1,224,359 | (292,963) | (11,360) | 920,036 | 137,357 | ||||
Income tax expenses | (295,733) | (1,086) | - | (296,819) | (44,314) | ||||
Income (loss) before share of income on equity method investments | 928,626 | (294,049) | (11,360) | 623,217 | 93,043 | ||||
Share of income on equity method investments | 9,913 | - | - | 9,913 | 1,480 | ||||
Net income (loss) | 938,539 | (294,049) | (11,360) | 633,130 | 94,523 | ||||
(v) Share-based compensation was allocated in cost of revenues and operating expenses as follows: | |||||||||
First half year | |||||||||
Ended June 30, 2022 | |||||||||
Momo | Tantan | QOOL | Total | Total | |||||
RMB | RMB | RMB | RMB | US$ | |||||
Cost of revenues | 3,999 | 6,993 | - | 10,992 | 1,641 | ||||
Research and development | 36,112 | 8,827 | - | 44,939 | 6,709 | ||||
Sales and marketing | 21,283 | 216 | - | 21,499 | 3,210 | ||||
General and administrative | 149,047 | 87 | - | 149,134 | 22,265 | ||||
Total cost and expenses | 210,441 | 16,123 | - | 226,564 | 33,825 | ||||
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 half year | |||||||||
ended June 30, 2022 | |||||||||
Momo | Tantan | QOOL | Total | Total | |||||
RMB | RMB | RMB | RMB | US$ | |||||
Operating income (loss) | 1,002,753 | (293,067) | (11,494) | 698,192 | 104,237 | ||||
Share-based compensation | 210,441 | 16,123 | - | 226,564 | 33,825 | ||||
Non-GAAP operating income (loss) | 1,213,194 | (276,944) | (11,494) | 924,756 | 138,062 | ||||
Net income (loss) | 938,539 | (294,049) | (11,360) | 633,130 | 94,523 | ||||
Share-based compensation | 210,441 | 16,123 | - | 226,564 | 33,825 | ||||
Non-GAAP net income (loss) | 1,148,980 | (277,926) | (11,360) | 859,694 | 128,348 | ||||
Hello Group Inc. | |||||||||
Unaudited Condensed Segment Report | |||||||||
(All amounts in thousands, except share and per share data) | |||||||||
First half year | |||||||||
Ended June 30, 2021 | |||||||||
Momo | Tantan | QOOL | Total | Total | |||||
RMB | RMB | RMB | RMB | US$ | |||||
Net revenues: | |||||||||
Live video service | 3,595,710 | 467,717 | - | 4,063,427 | 629,345 | ||||
Value-added service | 2,349,235 | 613,536 | - | 2,962,771 | 458,875 | ||||
Mobile marketing | 90,318 | - | - | 90,318 | 13,988 | ||||
Mobile games | 20,366 | - | - | 20,366 | 3,154 | ||||
Other services | 3,674 | - | 1,754 | 5,428 | 841 | ||||
Total net revenues | 6,059,303 | 1,081,253 | 1,754 | 7,142,310 | 1,106,203 | ||||
Cost and expenses (vi): | |||||||||
Cost of revenues | (3,453,399) | (547,186) | (7,989) | (4,008,574) | (620,849) | ||||
Research and development | (400,701) | (154,117) | - | (554,818) | (85,930) | ||||
Sales and marketing | (705,767) | (556,976) | (1,066) | (1,263,809) | (195,739) | ||||
General and administrative | (300,356) | 45,084 | (9,437) | (264,709) | (40,998) | ||||
Total cost and expenses | (4,860,223) | (1,213,195) | (18,492) | (6,091,910) | (943,516) | ||||
Other operating income | 85,406 | 30,736 | 26 | 116,168 | 17,992 | ||||
Income (loss) from operations | 1,284,486 | (101,206) | (16,712) | 1,166,568 | 180,679 | ||||
Interest income | 190,455 | 596 | 91 | 191,142 | 29,604 | ||||
Interest expense | (36,663) | - | - | (36,663) | (5,678) | ||||
Other gain or loss, net | (18,000) | - | - | (18,000) | (2,788) | ||||
Income (loss) before income tax and share of income on equity method investments | 1,420,278 | (100,610) | (16,621) | 1,303,047 | 201,817 | ||||
Income tax (expenses) benefits | (389,946) | 7,039 | - | (382,907) | (59,305) | ||||
Income (loss) before share of income on equity method investments | 1,030,332 | (93,571) | (16,621) | 920,140 | 142,512 | ||||
Share of income on equity method investments | 2,303 | - | - | 2,303 | 357 | ||||
Net income (loss) | 1,032,635 | (93,571) | (16,621) | 922,443 | 142,869 | ||||
(vi) Share-based compensation was allocated in cost of revenues and operating expenses as follows: | |||||||||
First half year | |||||||||
ended June 30, 2021 | |||||||||
Momo | Tantan | QOOL | Total | Total | |||||
RMB | RMB | RMB | RMB | US$ | |||||
Cost of revenues | 4,965 | 2,960 | - | 7,925 | 1,227 | ||||
Research and development | 60,188 | 13,986 | - | 74,174 | 11,488 | ||||
Sales and marketing | 25,877 | 6,267 | - | 32,144 | 4,978 | ||||
General and administrative | 160,792 | (69,120) | - | 91,672 | 14,198 | ||||
Total cost and expenses | 251,822 | (45,907) | - | 205,915 | 31,891 | ||||
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 half year | |||||||||
ended June 30, 2021 | |||||||||
Momo | Tantan | QOOL | Total | Total | |||||
RMB | RMB | RMB | RMB | US$ | |||||
Operating income (loss) | 1,284,486 | (101,206) | (16,712) | 1,166,568 | 180,679 | ||||
Share-based compensation | 251,822 | (45,907) | - | 205,915 | 31,891 | ||||
Amortization of intangible assets from business acquisitions | - | 70,553 | - | 70,553 | 10,928 | ||||
Non-GAAP operating income (loss) | 1,536,308 | (76,560) | (16,712) | 1,443,036 | 223,498 | ||||
Net income (loss) | 1,032,635 | (93,571) | (16,621) | 922,443 | 142,869 | ||||
Share-based compensation | 251,822 | (45,907) | - | 205,915 | 31,891 | ||||
Amortization of intangible assets from business acquisitions | - | 70,553 | - | 70,553 | 10,928 | ||||
Tax impacts | - | (17,639) | - | (17,639) | (2,732) | ||||
Non-GAAP net income (loss) | 1,284,457 | (86,564) | (16,621) | 1,181,272 | 182,956 | ||||
View original content:https://www.prnewswire.com/news-releases/hello-group-inc-announces-unaudited-financial-results-for-the-second-quarter-of-2022-301616157.html
SOURCE Hello Group Inc.
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