Revenue decline and weak Q3 guidance confirm ongoing domestic headwinds, but the swing to profitability and strong overseas growth (+52% YoY) provide a partial offset. Watch for further updates on Tantan monetization recovery and overseas app expansion; the buyback program (US$62M remaining) offers a floor but is not a growth catalyst.
Price Chart
Executive Summary
Hello Group (MOMO) reported Q2 2026 revenue of RMB2,486M (US$366.4M), down 5.1% YoY, but net income swung to a profit of RMB237.4M from a loss of RMB140.2M a year ago, driven by lower tax expenses and improved cost control. Overseas revenue grew 52% YoY to RMB672.7M, partially offsetting continued weakness in China (down 17%). The company guided Q3 2026 revenue of RMB2.4B-2.5B, implying a YoY decline of 5.7%-9.4%, signaling persistent headwinds in its core domestic business.
Key Financial Metrics
Key Facts
- Q2 2026 net revenues decreased 5.1% YoY to RMB2,486.0M (US$366.4M)
- Net income attributable to shareholders was RMB237.4M vs a net loss of RMB140.2M in Q2 2025
- Overseas net revenues increased 52.0% YoY to RMB672.7M (US$99.1M)
- Chinese mainland net revenues fell 16.7% YoY to RMB1,813.3M (US$267.2M)
- Diluted GAAP EPS was RMB1.52 (US$0.22) vs a diluted loss per ADS of RMB0.84 in Q2 2025
- Non-GAAP diluted net income per ADS was RMB1.75 (US$0.26) vs a loss of RMB0.58 in Q2 2025
- Momo app paying users were 3.9M (up from 3.5M YoY); Tantan paying users fell to 0.5M from 0.7M
- Q3 2026 revenue guidance: RMB2.4B-2.5B, representing a YoY decline of 5.7%-9.4%
- Operating cash flow improved to RMB642.3M from RMB250.1M in Q2 2025
- Company repurchased 68.0M ADSs for US$424.1M under its buyback program; US$62.0M remaining
Financial Impact
Revenue declined 5.1% YoY to RMB2,486M; net income swung to RMB237.4M profit from a RMB140.2M loss; Q3 guidance implies further 5.7%-9.4% YoY revenue decline
Risk Factors
- Continued domestic revenue decline (China mainland -16.7% YoY) driven by macro headwinds and broadcaster disruption
- Tantan paying users declining to 0.5M from 0.7M YoY, indicating ongoing monetization challenges
- Q3 guidance of -5.7% to -9.4% YoY revenue decline suggests no near-term stabilization
- Increased marketing spend on overseas apps and film production costs are pressuring operating margins
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302868775 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 7w ago | 6-K | $5.10 $4.72 | ▲ +7.45% | ▲ +6.26% | $4.41 (+13.53%) |
Sep 3, 2026 7w ago | Press Release | $5.10 $4.72 | ▼ −7.45% | ▼ −6.26% | $4.41 (−13.53%) |
Aug 10, 2026 11w ago | Press Release | $5.89 $5.26 | ▼ −10.70% | ▼ −9.78% | $4.41 (−25.13%) |
Jul 31, 2026 12w ago | 6-K | $5.99 $5.72 | ▼ −4.51% | ▼ −7.50% | $4.41 (−26.38%) |
Jun 2, 2026 21w ago | 6-K | $5.76 $5.96 | ▼ −3.47% | ▼ −5.04% | $4.41 (+23.44%) |
Apr 28, 2026 26w ago | 20-F | $6.14 $6.04 | ▲ +1.63% | ▲ +7.08% | $4.41 (+28.18%) |
US Market Status
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