PRNewsWire
02 Jun 2026, 07:33 UTC · 2h ago
Hello Group Inc. Announces Unaudited Financial Results for the First Quarter of 2026
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PRNewsWire
02 Jun 2026, 07:33 UTC · 2h ago
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Total net revenues decreased by 5.3% year-over-year to RMB 2,386.0 million in Q1 2026. — A decline in top-line growth for a growth-oriented social networking company typically signals slowing momentum and user attrition.
-0.40Net revenues from overseas markets grew from RMB 414.6 million to RMB 597.4 million year-over-year. — Strong growth in MENA and international dating brands provides a crucial diversification path away from the declining Chinese domestic market.
+0.30Net revenues from Chinese mainland decreased from RMB 2,106.2 million to RMB 1,788.6 million. — The core domestic business, including Momo and Tantan, is facing significant headwinds and a declining user base.
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Income from operations increased slightly to RMB 309.7 million from RMB 299.5 million year-over-year. — The ability to grow operating income despite falling revenues shows effective cost management and operational efficiency.
Total cost and expenses decreased by 6.5% to RMB 2,088.7 million. — Cost reduction in personnel and share-based compensation helps protect margins during a revenue downturn.
+0.10Ticker attribution
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The company reported a 5.3% decrease in total net revenues and a decline in its core Chinese mainland business.
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