Exhibit 99.1

Hello Group Inc. Announces Unaudited Financial Results for the Third Quarter of 2025

BEIJING, CHINA, December 10, 2025 – Hello Group Inc. (NASDAQ: MOMO) (“Hello Group” or the “Company”), a leading player in Asia’s online social networking space, today announced its unaudited financial results for the third quarter of 2025.

Third Quarter of 2025 Highlights

 

•

Net revenues decreased by 0.9% year over year to RMB2,650.1 million (US$372.3 million*) in the third quarter of 2025.

 

•

Net revenues from overseas increased by 69.0% year over year to RMB534.8 million (US$75.1 million) in the third quarter of 2025.

 

•

Net income attributable to Hello Group Inc. was RMB348.9 million (US$49.0 million) in the third quarter of 2025, compared to RMB449.4 million in the same period of 2024.

 

•

Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB404.5 million (US$56.8 million) in the third quarter of 2025, compared to RMB493.3 million in the same period of 2024.

 

•

Diluted net income per American Depositary Share (“ADS”) was RMB2.06 (US$0.29) in the third quarter of 2025, compared to RMB2.46 in the same period of 2024.

 

•

Non-GAAP diluted net income per ADS (note 1) was RMB2.38 (US$0.33) in the third quarter of 2025, compared to RMB2.70 in the same period of 2024.

 

•

For the Momo app total paying users was 3.7 million for the third quarter of 2025, compared to 6.9 million for the same period last year, and 3.5 million from last quarter. Tantan** had 0.7 million paying users for the third quarter of 2025 compared to 0.9 million from the year ago period and 0.7 million from last quarter.

First Nine Months of 2025 Highlights

 

•

Net revenues decreased by 1.7% year over year to RMB7,791.3 million (US$1,094.4 million) for the first nine months of 2025.

 

•

Net revenues from overseas increased by 71.0% year over year to RMB1,391.8 million (US$195.5 million) for the first nine months of 2025.

 

•

Net income attributable to Hello Group Inc. was RMB566.7 million (US$79.6 million) for the first nine months of 2025, compared to RMB852.3 million during the same period of 2024.

 

•

Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB712.2 million (US$100.0 million) for the first nine months of 2025, compared to RMB1,002.4 million during the same period of 2024.

 

•

Diluted net income per ADS was RMB3.32 (US$0.47) for the first nine months of 2025, compared to RMB4.51 during the same period of 2024.

 

•

Non-GAAP diluted net income per ADS (note 1) was RMB4.17 (US$0.59) for the first nine months of 2025, compared to RMB5.31 during the same period of 2024.

 

*

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 RMB7.119 to US$1.00, the effective noon buying rate for September 30, 2025 as set forth in the H.10 statistical release of the Federal Reserve Board.

**

In line with our strategic focus on return on investment in user acquisition and considering Tantan’s diminished materiality to the Group’s revenue, we will discontinue the monitoring of Tantan’s MAUs. We believe that the number of Tantan’s paying users represent a more meaningful metric that better aligns with our current strategy and overall performance.

 

1

“Q3 was a busy quarter. I am pleased to see that our team responded swiftly to external challenges and delivered good results in both user and financial metrics.” commented Yan Tang, Chairman and CEO of Hello Group. “ As one of the earliest mobile social platforms in China, Momo has maintained strong brand relevance and user stickiness over the years. Continuous product innovation and algorithm enhancements have driven steady improvement in key user metrics, laying a solid foundation for the sustained performance of our cash cow business. On the overseas front, revenue continued to grow robustly, driven by the rapid expansion of multiple social entertainment and dating brands in our portfolio. We expect the overseas business to become an increasingly important contributor to the Group’s future revenue growth.”

Third Quarter of 2025 Financial Results

Net revenues

Total net revenues were RMB2,650.1 million (US$372.3 million) in the third quarter of 2025, a decrease of 0.9% from RMB2,674.7 million in the third quarter of 2024.

Value-added service revenues mainly include virtual gift revenues from various audio, video and text- based scenarios, and membership subscription revenues. Total value-added service revenues were RMB2,611.4 million (US$366.8 million) in the third quarter of 2025, a decrease of 1.2% from RMB2,642.7 million during the same period of 2024. The decrease was primarily due to external factors that influenced the operational focus of certain broadcasters and agencies as well as the weak consumer sentiment on Momo app, and to a lesser extent, the decline in Tantan’s paying resulting from a decline in user base. The decrease was largely offset by the revenue growth from our overseas apps, driven by the rapid expansion from multiple social entertainment and dating brands across our rich portfolio.

Other services revenues were RMB38.8 million (US$5.4 million) in the third quarter of 2025, compared to RMB32.0 million during the same period of 2024.

Net revenues from Chinese mainland decreased from RMB2,358.3 million in the third quarter of 2024 to RMB2,115.4 million (US$297.1 million) in the third quarter of 2025, primarily due to the decrease in net revenues from Momo app and Tantan app. Net revenues from overseas increased from RMB316.4 million in the third quarter of 2024 to RMB534.8 million (US$75.1 million) in the third quarter of 2025, driven by the growth of audio- and video-based products in the MENA region, primarily by the new apps, along with incremental revenue from other emerging brands.

Cost and expenses

Cost and expenses were RMB2,309.4 million (US$324.4 million) in the third quarter of 2025, an increase of 1.0% from RMB2,286.2 million in the third quarter of 2024. The increase was primarily attributable to: (a) an increase in revenue sharing with virtual gift recipients for overseas apps, partially offset by a decrease in revenue sharing with broadcasters on Momo apps; (b) an increase in commission fees paid to payment channels for overseas apps; and (c) an increase in amortization of intangible assets from business acquisitions.

Non-GAAP cost and expenses (note 1) were RMB2,250.0 million (US$316.1 million) in the third quarter of 2025, compared to RMB2,242.2 million during the same period of 2024.

 

2

Income from operations

Income from operations was RMB344.5 million (US$48.4 million) in the third quarter of 2025, compared to RMB410.7 million during the same period of 2024.

Non-GAAP income from operations (note 1) was RMB404.0 million (US$56.7 million) in the third quarter of 2025, compared to RMB454.7 million during the same period of 2024.

Income tax expenses

Income tax expenses were RMB65.1 million (US$9.1 million) in the third quarter of 2025, compared to RMB95.3 million in the third quarter of 2024. The decrease in income tax expenses was primarily due to the lower profit in the third quarter of 2025.

Net income

Net income was RMB349.6 million (US$49.1 million) in the third quarter of 2025, compared to RMB449.4 million during the same period of 2024.

Non-GAAP net income (note 1) was RMB405.2 million (US$56.9 million) in the third quarter of 2025, compared to RMB493.3 million during the same period of 2024.

Net income attributable to Hello Group Inc.

Net income attributable to Hello Group Inc. was RMB348.9 million (US$49.0 million) in the third quarter of 2025, compared to RMB449.4 million during the same period of 2024.

Non-GAAP net income (note 1) attributable to Hello Group Inc. was RMB404.5 million (US$56.8 million) in the third quarter of 2025, compared to RMB493.3 million during the same period of 2024.

Net income per ADS

Diluted net income per ADS was RMB2.06 (US$0.29) in the third quarter of 2025, compared to RMB2.46 in the third quarter of 2024.

Non-GAAP diluted net income per ADS (note 1) was RMB2.38 (US$0.33) in the third quarter of 2025, compared to RMB2.70 in the third quarter of 2024.

Cash and cash flow

As of September 30, 2025, the Company’s cash, cash equivalents, short-term deposits, long-term deposits, short-term investments, short-term restricted cash and long-term restricted cash totaled RMB8,861.9 million (US$1,244.8 million), compared to RMB14,728.5 million as of December 31, 2024.

Net cash provided by operating activities in the third quarter of 2025 was RMB143.5 million (US$20.2 million), compared to RMB341.0 million in the third quarter of 2024.

First Nine Months of 2025 Financial Results

Net revenues for the first nine months of 2025 were RMB7,791.3 million (US$1,094.4 million), a decrease of 1.7% from RMB7,926.5 million in the same period of 2024.

 

3

Net income attributable to Hello Group Inc. was RMB566.7 million (US$79.6 million) for the first nine months of 2025, compared to RMB852.3 million during the same period of 2024.

Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB712.2 million (US$100.0 million) for the first nine months of 2025, compared to RMB1,002.4 million during the same period of 2024.

Diluted net income per ADS was RMB3.32 (US$0.47) during the first nine months of 2025, compared to RMB4.51 in the same period of 2024.

Non-GAAP diluted net income per ADS (note 1) was RMB4.17 (US$0.59) during the first nine months of 2025, compared to RMB5.31 in the same period of 2024.

Net cash provided by operating activities was RMB633.4 million (US$89.0 million) during the first nine months of 2025, compared to RMB1,216.4 million in the same period of 2024.

Recent Development

Share repurchase program

As of December 10, 2025, the Company has repurchased 54.7 million ADSs for US$341.6 million on the open market under the Share Repurchase Program announced on June 7, 2022 and amended on March 14, 2024 and March 12, 2025, at an average purchase price of US$6.23 per ADS. The remaining size of the program is US$144.5 million.

Business Outlook

For the fourth quarter of 2025, the Company expects total net revenues to be between RMB2.52 billion to RMB2.62 billion, representing a decrease of 4.4% to 0.6% 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, 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.

 

4

Our non-GAAP information (including non-GAAP cost and operating expenses, income from operations, net income, 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, 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, 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 Wednesday, December 10, 2025, at 7:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on December 10, 2025).

Participants can register for the conference call by navigating to:

https://s1.c-conf.com/diamondpass/10051507-10xa67.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 17, 2025. The dial-in details for the replay are as follows:

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

Hong Kong: 800-930-639

Passcode: 10051507

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 Asia’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: +852-3157-1669

Email: ir@hellogroup.com

 

5

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 2025, 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 2025 are preliminary, unaudited and subject to audit adjustment. In addition, we may not meet our financial outlook for the fourth quarter of 2025 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.    

 

6

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
		2024				2025				2025				2024				2025				2025
		RMB				RMB				US$				RMB				RMB				US$
Net revenues(i):
Value-added service			2,642,712				2,611,356				366,815				7,823,965				7,680,550				1,078,880
Other services			31,952				38,768				5,446				102,510				110,777				15,561
Total net revenues			2,674,664				2,650,124				372,261				7,926,475				7,791,327				1,094,441
Cost and expenses:
Cost of revenues			(1,623,723	)			(1,658,331	)			(232,944	)			(4,722,520	)			(4,835,117	)			(679,185	)
Research and development			(196,382	)			(183,263	)			(25,743	)			(581,741	)			(562,891	)			(79,069	)
Sales and marketing			(354,881	)			(343,854	)			(48,301	)			(1,013,081	)			(1,020,359	)			(143,329	)
General and administrative			(111,174	)			(123,992	)			(17,417	)			(364,037	)			(353,342	)			(49,634	)
Total cost and expenses			(2,286,160	)			(2,309,440	)			(324,405	)			(6,681,379	)			(6,771,709	)			(951,217	)
Other operating income, net			22,221				3,842				540				50,988				27,889				3,918
Income from operations			410,725				344,526				48,396				1,296,084				1,047,507				147,142
Interest income			134,875				90,309				12,686				386,919				316,160				44,411
Interest expense			(34,809	)			(18,333	)			(2,575	)			(91,000	)			(72,409	)			(10,171	)
Other gain or loss, net			—				1,820				256				(43,870	)			1,780				250
Income before income tax and share of income (loss) on equity method investments			510,791				418,322				58,763				1,548,133				1,293,038				181,632
Income tax expenses			(95,298	)			(65,130	)			(9,149	)			(755,525	)			(773,926	)			(108,713	)
Income before share of income (loss) on equity method investments			415,493				353,192				49,614				792,608				519,112				72,919
Share of income (loss) on equity method investments			33,876				(3,579	)			(503	)			59,730				49,579				6,964
Net income			449,369				349,613				49,111				852,338				568,691				79,883
Less: net income attributable to non-controlling interest			—				725				102				—				2,013				283
Net income attributable to the shareholders of Hello Group Inc.			449,369				348,888				49,009				852,338				566,678				79,600
Net income per share attributable to ordinary shareholders
Basic			1.29				1.05				0.15				2.36				1.69				0.24
Diluted			1.23				1.03				0.14				2.26				1.66				0.23
Weighted average shares used in calculating net income per ordinary share
Basic			347,943,851				332,480,464				332,480,464				361,613,017				334,932,043				334,932,043
Diluted			365,942,405				339,420,383				339,420,383				377,697,017				341,305,373				341,305,373

 

(i)	The following table presents revenues by geographic area based on the addresses of our customers of our users:

 

		Three months Ended September 30												First nine months Ended September 30
		2024				2025				2025				2024				2025				2025
		RMB				RMB				US$				RMB				RMB				US$
Chinese mainland			2,358,283				2,115,350				297,141				7,112,639				6,399,512				898,934
Overseas			316,381				534,774				75,120				813,836				1,391,815				195,507
Total			2,674,664				2,650,124				372,261				7,926,475				7,791,327				1,094,441

 

7

Hello Group Inc.

Unaudited Condensed Consolidated Statement of Comprehensive Income

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

 

		Three months Ended September 30												First nine months Ended September 30
		2024				2025				2025				2024				2025				2025
		RMB				RMB				US$				RMB				RMB				US$
Net income			449,369				349,613				49,111				852,338				568,691				79,883
Other comprehensive loss, net of tax:
Foreign currency translation adjustment			(287,150	)			(39,713	)			(5,578	)			(190,687	)			(156,527	)			(21,987	)
Comprehensive income			162,219				309,900				43,533				661,651				412,164				57,896
Less: comprehensive loss attributed to the non-controlling interest			(6,400	)			(1,297	)			(182	)			(2,114	)			(2,816	)			(396	)
Comprehensive income attributable to Hello Group Inc.			168,619				311,197				43,715				663,765				414,980				58,292

 

8

Hello Group Inc.

Unaudited Condensed Consolidated Balance Sheets

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

 

		December 31				September 30				September 30
		2024				2025				2025
		RMB				RMB				US$
Assets
Current assets
Cash and cash equivalents			4,122,659				4,192,578				588,928
Short-term deposits			2,026,245				4,525,808				635,736
Restricted cash			4,566,477				123,900				17,404
Short-term investment			—				19,572				2,749
Accounts receivable, net of allowance for credit losses of RMB12,433 and RMB17,636 as of December 31, 2024 and September 30, 2025, respectively			192,317				248,915				34,965
Prepaid expenses and other current assets			1,104,172				824,153				115,768
Total current assets			12,011,870				9,934,926				1,395,550
Long-term deposits			3,059,860				—				—
Long-term restricted cash			953,285				—				—
Right-of-use assets, net			252,169				148,998				20,930
Property and equipment, net			897,036				1,014,094				142,449
Intangible assets, net			86,661				265,507				37,296
Rental deposits			13,280				3,839				539
Long-term investments			825,533				1,551,807				217,981
Other non-current assets			110,960				172,710				24,260
Deferred tax assets			36,066				33,805				4,749
Goodwill			136,250				615,300				86,431
Total assets			18,382,970				13,740,986				1,930,185
Liabilities and equity
Current liabilities
Accounts payable			615,254				552,338				77,586
Deferred revenue			427,702				473,129				66,460
Accrued expenses and other current liabilities			704,410				692,217				97,235
Lease liabilities due within one year			141,971				92,929				13,054
Income tax payable			157,057				19,548				2,746
Deferred consideration in connection with business acquisitions-current			28,027				76,093				10,689
Convertible Senior Notes-current			20,191				—				—
Long-term borrowings, current portion			1,938,385				2,610				367
Short-term borrowings			2,365,535				—				—
Total current liabilities			6,398,532				1,908,864				268,137
Deferred consideration in connection with business acquisitions-non current			65,694				—				—
Lease liabilities			115,105				60,859				8,549
Deferred tax liabilities			241,915				513,495				72,130
Long—term borrowings			—				3,508				493
Other non-current liabilities			129,051				47,543				6,678
Total liabilities			6,950,297				2,534,269				355,987
Shareholder’s equity (ii)			11,432,673				11,206,717				1,574,198
Total liabilities and shareholder’s equity			18,382,970				13,740,986				1,930,185

 

(ii):

As of September 30, 2025, the number of ordinary shares outstanding was 314,131,458.

 

9

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
		2024				2025				2025				2024				2025				2025
		RMB				RMB				US$				RMB				RMB				US$
Cash flows from operating activities:
Net income			449,369				349,613				49,111				852,338				568,691				79,883
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment			13,144				9,857				1,385				40,979				33,477				4,702
Amortization of intangible assets			1,279				10,076				1,415				3,837				23,922				3,360
Share-based compensation			43,951				50,650				7,115				150,079				129,311				18,165
Share of (income) loss on equity method investments			(33,876	)			3,579				503				(59,730	)			(49,579	)			(6,964	)
Gain or loss on fair value changes of short-term investments			—				(1,820	)			(256	)			—				(1,820	)			(256	)
Returns on investments			—				—				—				1,197				797				112
Loss on long-term investments			—				—				—				43,870				40				6
Gain or loss on disposal of property and equipment			(142	)			(91	)			(13	)			(62	)			(339	)			(48	)
Provision of loss on receivable and other assets			1,754				168				24				3,675				5,885				827
Changes in operating assets and liabilities:
Accounts receivable			(3,876	)			13,340				1,874				11,952				(23,651	)			(3,322	)
Prepaid expenses and other current assets			(97,212	)			189,050				26,556				(91,846	)			67,409				9,469
Rental deposits			493				3,256				457				(309	)			11,162				1,568
Deferred tax assets			(117	)			1,340				188				(4,195	)			2,261				318
Other non-current assets			22,945				32,021				4,498				(183,398	)			113,693				15,970
Accounts payable			16,036				(61,473	)			(8,635	)			(15,710	)			(70,969	)			(9,969	)
Income tax payable			35,209				(400,264	)			(56,225	)			(1,288	)			(137,941	)			(19,376	)
Deferred revenue			(838	)			9,298				1,306				568				21,017				2,952
Accrued expenses and other current liabilities			(3,390	)			(60,925	)			(8,558	)			61,357				(202,711	)			(28,475	)
Deferred tax liabilities			(85,088	)			20,333				2,856				294,333				214,229				30,093
Other non-current liabilities			(18,688	)			(24,461	)			(3,436	)			108,705				(71,487	)			(10,042	)
Net cash provided by operating activities			340,953				143,547				20,165				1,216,352				633,397				88,973
Cash flows from investing activities:
Purchase of property and equipment			(19,796	)			(118,363	)			(16,626	)			(263,814	)			(172,339	)			(24,208	)
Payment for long-term investments			(28,000	)			(369,697	)			(51,931	)			(33,250	)			(442,290	)			(62,128	)
Payment for business acquisition			—				(412,378	)			(57,926	)			—				(606,768	)			(85,232	)
Purchase of short-term deposits			(2,133,086	)			(2,545,730	)			(357,597	)			(2,133,086	)			(2,545,730	)			(357,597	)
Cash received on maturity of short-term deposits			—				353,022				49,589				1,081,016				1,460,267				205,122
Payment for short-term investments			—				(18,014	)			(2,530	)			—				(18,014	)			(2,530	)
Purchase of long-term deposits			—				—				—				(718,860	)			—				—
Cash received on maturity of long-term deposits			—				1,483,045				208,322				718,860				1,633,045				229,392
Cash received from sales of long-term investment			—				—				—				2,000				—				—
Returns of investments			—				1,145				161				—				1,145				161
Loan to a third-party company			(96,680	)			(10,458	)			(1,469	)			(96,680	)			(44,214	)			(6,211	)
Other investing activities			212				161				23				895				655				92
Net cash used in investing activities			(2,277,350	)			(1,637,267	)			(229,984	)			(1,442,919	)			(734,243	)			(103,139	)
Cash flows from financing activities:
Proceeds from exercise of share options			4				1				—				17				5				1
Repurchase of ordinary shares			(265,441	)			(147,160	)			(20,671	)			(772,263	)			(445,885	)			(62,633	)
Deferred payment for business acquisition			—				(17,132	)			(2,407	)			—				(17,132	)			(2,407	)
Dividends payment			—				—				—				(716,302	)			(346,182	)			(48,628	)
Payment in relation to redemption of convertible bonds			—				—				—				—				(20,221	)			(2,840	)
Proceeds from short-term borrowings			1,033,900				—				—				2,365,535				—				—
Repayment of short-term borrowings			—				(675,000	)			(94,817	)			—				(2,365,535	)			(332,285	)
Repayment of long-term borrowings			(215,400	)			(1,938,862	)			(272,350	)			(215,615	)			(1,939,536	)			(272,445	)
Net cash provided by (used in) financing activities			553,063				(2,778,153	)			(390,245	)			661,372				(5,134,486	)			(721,237	)
Effect of exchange rate changes			(178,773	)			(11,306	)			(1,591	)			(130,234	)			(90,611	)			(12,728	)
Net (decrease) increase in cash and cash equivalents			(1,562,107	)			(4,283,179	)			(601,655	)			304,571				(5,325,943	)			(748,131	)
Cash, cash equivalents and restricted cash at the beginning of period			10,149,590				8,599,657				1,207,987				8,282,912				9,642,421				1,354,463
Cash, cash equivalents and restricted cash at the end of period			8,587,483				4,316,478				606,332				8,587,483				4,316,478				606,332

 

10

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 (loss) to comparable GAAP measures.

 

		Three months Ended September 30, 2024												Three months Ended September 30, 2025																				Three months Ended September 30, 2025
		GAAP RMB				Share-based compensation RMB				Non-GAAP RMB				GAAP RMB				Amortization of intangible assets from business acquisitions RMB				Share-based compensation RMB				Tax impacts(iii) RMB				Non-GAAP RMB				GAAP US$				Amortization of intangible assets from business acquisitions US$				Share-based compensation US$				Tax impacts(iii) US$				Non-GAAP US$
Cost of revenues			(1,623,723	)			2,143				(1,621,580	)			(1,658,331	)			3,480				2,320				—				(1,652,531	)			(232,944	)			489				326				—				(232,129	)
Research and development			(196,382	)			11,030				(185,352	)			(183,263	)			1,335				11,302				—				(170,626	)			(25,743	)			188				1,588				—				(23,967	)
Sales and marketing			(354,881	)			4,774				(350,107	)			(343,854	)			3,982				3,986				—				(335,886	)			(48,301	)			559				560				—				(47,182	)
General and administrative			(111,174	)			26,004				(85,170	)			(123,992	)			—				33,042				—				(90,950	)			(17,417	)			—				4,641				—				(12,776	)
Cost and operating expenses			(2,286,160	)			43,951				(2,242,209	)			(2,309,440	)			8,797				50,650				—				(2,249,993	)			(324,405	)			1,236				7,115				—				(316,054	)
Income from operations			410,725				43,951				454,676				344,526				8,797				50,650				—				403,973				48,396				1,236				7,115				—				56,747
Net income attributable to Hello Group Inc.			449,369				43,951				493,320				348,888				8,797				50,650				(3,842	)			404,493				49,009				1,236				7,115				(540	)			56,820

 

11

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 (loss) to comparable GAAP measures-continued.

 

		First nine months Ended September 30, 2024												First nine months Ended September 30, 2025																				First nine months Ended September 30, 2025
		GAAP RMB				Share-based compensation RMB				Non-GAAP RMB				GAAP RMB				Amortization of intangible assets from business acquisitions RMB				Share-based compensation RMB				Tax impacts(iii) RMB				Non-GAAP RMB				GAAP US$				Amortization of intangible assets from business acquisitions US$				Share-based compensation US$				Tax impacts(iii) US$				Non-GAAP US$
Cost of revenues			(4,722,520	)			5,821				(4,716,699	)			(4,835,117	)			6,505				5,654				—				(4,822,958	)			(679,185	)			914				794				—				(677,477	)
Research and development			(581,741	)			33,328				(548,413	)			(562,891	)			3,334				31,072				—				(528,485	)			(79,069	)			468				4,365				—				(74,236	)
Sales and marketing			(1,013,081	)			15,040				(998,041	)			(1,020,359	)			10,246				12,456				—				(997,657	)			(143,329	)			1,439				1,750				—				(140,140	)
General and administrative			(364,037	)			95,890				(268,147	)			(353,342	)			—				80,129				—				(273,213	)			(49,634	)			—				11,256				—				(38,378	)
Cost and operating expenses			(6,681,379	)			150,079				(6,531,300	)			(6,771,709	)			20,085				129,311				—				(6,622,313	)			(951,217	)			2,821				18,165				—				(930,231	)
Income from operations			1,296,084				150,079				1,446,163				1,047,507				20,085				129,311				—				1,196,903				147,142				2,821				18,165				—				168,128
Net income attributable to Hello Group Inc.			852,338				150,079				1,002,417				566,678				20,085				129,311				(3,842	)			712,232				79,600				2,821				18,165				(540	)			100,046

 

(iii)

Includes tax impacts related to the amortization of intangible assets from business acquisition. There is no tax impact related to share-based compensation.

 

12