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1、Hello Group Inc.Announces Unaudited Financial Results for the Fourth Quarter and Fiscal Year 2023March 14,2024BEIJING,March 14,2024/PRNewswire/-Hello Group Inc.(NASDAQ:MOMO)(Hello Group or the Company),a leading mobile social andentertainment platform in China,today announced its unaudited financial

2、 results for the fourth quarter and the full year ended December 31,2023.Fourth Quarter of 2023 HighlightsNet revenues decreased by 6.5%year over year to RMB3,002.9 million(US$423.0 million*)in the fourth quarter of 2023.Net income attributable to Hello Group Inc.increased to RMB452.5 million(US$63.

3、7 million)in the fourth quarter of 2023,from RMB398.0 million in the same period of 2022.Non-GAAP net income attributable to Hello Group Inc.(note 1)increased to RMB514.7 million(US$72.5 million)in thefourth quarter of 2023,from RMB487.9 million in the same period of 2022.Diluted net income per Amer

4、ican Depositary Share(ADS)was RMB2.32(US$0.33)in the fourth quarter of 2023,compared to RMB2.01 in the same period of 2022.Non-GAAP diluted net income per ADS(note 1)was RMB2.63(US$0.37)in the fourth quarter of 2023,compared toRMB2.46 in the same period of 2022.Monthly Active Users(MAU)on Tantan app

5、 were 13.7 million in December 2023,compared to 18.4 million in December2022.For the Momo app total paying users was 7.4 million for the fourth quarter of 2023,compared to 7.8 million for the sameperiod last year.Tantan had 1.2 million paying users for the fourth quarter of 2023 compared to 1.7 mill

6、ion from the yearago period.Full Year 2023 HighlightsNet revenues decreased by 5.5%year over year to RMB12,002.3 million(US$1,690.5 million)for the full year of 2023.Net income attributable to Hello Group Inc.was RMB1,957.6 million(US$275.7 million)for the full year of 2023,comparedto RMB1,484.3 mil

7、lion during the same period of 2022.Non-GAAP net income attributable to Hello Group Inc.(note 1)was RMB2,224.7 million(US$313.3 million)for the full yearof 2023,compared to RMB1,885.8 million during the same period of 2022.Diluted net income per ADS was RMB9.84(US$1.39)for the full year of 2023,comp

8、ared to RMB7.31 during the sameperiod of 2022.Non-GAAP diluted net income per ADS(note 1)was RMB11.17(US$1.57)for the full year of 2023,compared to RMB9.20during the same period of 2022.2023 was a busy,yet fruitful year.Despite many changes and challenges in the external environment,our team made st

9、eady progress against ourstrategic priorities.Commented Yan Tang,Chairman and CEO of Hello Group.With solid improvement in cost efficiency,we were able tomeaningfully improve the profitability of the company against economic headwinds.I am also pleased to see that our new endeavors in the overseasma

10、rket have started bearing fruits,which gives us more confidence to invest more resources and take bigger strides to explore wider markets abroad.*This press release contains translations of certain Renminbi amounts into U.S.dollars at specified rate solely for the convenience of readers.Unlessotherw

11、ise noted,all translations from Renminbi to U.S.dollars,in this press release,were made at a rate of RMB7.0999 to US$1.00,the effectivenoon buying rate for December 29,2023 as set forth in the H.10 statistical release of the Federal Reserve Board.Fourth Quarter of 2023 Financial ResultsNet revenuesT

12、otal net revenues were RMB3,002.9 million(US$423.0 million)in the fourth quarter of 2023,a decrease of 6.5%from RMB3,212.7 million in thefourth quarter of 2022.Live video service revenues were RMB1,523.9 million(US$214.6 million)in the fourth quarter of 2023,a decrease of 11.6%from RMB1,724.2 millio

13、nduring the same period of 2022.The decrease was primarily attributable to a soft consumer sentiment in the current macro environment and ourproactive operation adjustments to de-emphasise large scale competition events in the Momo app,and to a lesser degree,Tantan pivoting away fromthe less dating-

14、centric live video service.Value-added service revenues mainly include virtual gift revenues and membership subscription revenues.Total value-added service revenues wereRMB1,424.9 million(US$200.7 million)in the fourth quarter of 2023,a decrease of 1.7%from RMB1,449.5 million during the same period

15、of 2022.Thedecrease was primarily due to the impact of the macro economy on consumer sentiment as well as our product adjustments to improve Momo appsecosystem,and to a lesser extent,the decline in Tantans paying users that resulted from a reduction in channel investment,the anti-spam campaignand th

16、e adjustments to subscription renewals.The decrease was partially offset by the rapid revenue growth from the new standalone apps.Mobile marketing revenues were RMB44.9 million(US$6.3 million)in the fourth quarter of 2023,an increase of 36.4%from RMB32.9 million during thesame period of 2022.Mobile

17、games revenues were RMB5.4 million(US$0.8 million)in the fourth quarter of 2023,an increase of 2.4%from RMB5.3 million in the fourthquarter of 2022.Net revenues from the Momo segment decreased from RMB2,865.8 million in the fourth quarter of 2022 to RMB2,728.7 million(US$384.3 million)inthe fourth q

18、uarter of 2023,primarily due to the decrease in net revenues from value-added service and live video service on Momo app.The decreasewas partially offset by the revenue growth of the new standalone apps.Net revenues from the Tantan segment decreased from RMB346.7 million inthe fourth quarter of 2022

19、 to RMB272.2 million(US$38.3 million)in the fourth quarter of 2023,mainly due to the decrease in net revenues from livevideo service,and to a lesser extent,the decrease from value-added service.Cost and expensesCost and expenses were RMB2,431.8 million(US$342.5 million)in the fourth quarter of 2023,

20、a decrease of 11.2%from RMB2,738.3 million in thefourth quarter of 2022.The decrease was primarily attributable to:(a)a decrease in revenue sharing with broadcasters related to live video service onthe Momo app and on the Tantan app,and a decrease in revenue sharing with virtual gift recipients of v

21、irtual gift service on the Momo app.Thedecrease was partially offset by an increase in revenue sharing with virtual gift recipients for new standalone apps;(b)a decrease in salary expensesand share-based compensation expenses,due to our continuous optimization in personnel costs and the newly grante

22、d share options which had lowerfair value;(c)a decrease in sales and marketing expenses due to our initiatives to control cost and optimize Tantans channel marketing strategy and,to a lesser extent,Momos strategy to trim inefficient channel marketing spend.Non-GAAP cost and expenses(note 1)were RMB2

23、,369.5 million(US$333.7 million)in the fourth quarter of 2023,a decrease of 10.5%fromRMB2,648.3 million during the same period of 2022.Other operating income(loss),netOther operating income was RMB30.8 million(US$4.3 million)in the fourth quarter of 2023,compared to a loss of RMB65.2 million during

24、thefourth quarter of 2022.The other operating loss in the fourth quarter of 2022 mainly included a contingent loss accrual of RMB92.9 million related to anongoing investigation of the alleged illegal activity on the source of the funding consumed on Momos platform.Income from operationsIncome from o

25、perations was RMB602.0 million(US$84.8 million)in the fourth quarter of 2023,compared to RMB409.2 million during the same periodof 2022.Income from operations of the Momo segment was RMB576.9 million(US$81.3 million)in the fourth quarter of 2023,which increased fromRMB435.8 million in the fourth qua

26、rter of 2022.Income from operations of the Tantan segment was RMB26.8 million(US$3.8 million)in the fourthquarter of 2023,compared to a loss from operations of RMB21.7 million in the fourth quarter of 2022.Non-GAAP income from operations(note 1)was RMB664.2 million(US$93.6 million)in the fourth quar

27、ter of 2023,compared to RMB499.2 millionduring the same period of 2022.Non-GAAP income from operations of the Momo segment was RMB638.9 million(US$90.0 million)in the fourthquarter of 2023,which increased from RMB519.2 million in the fourth quarter of 2022.Non-GAAP income from operations of the Tant

28、an segment wasRMB27.0 million(US$3.8 million)in the fourth quarter of 2023,compared to a non-GAAP loss from operations of RMB15.2 million in the fourth quarterof 2022.Income tax expensesIncome tax expenses were RMB183.4 million(US$25.8 million)in the fourth quarter of 2023,compared to RMB109.4 milli

29、on in the fourth quarter of2022.The increase in income tax expenses was primarily due to the higher profit in the fourth quarter of 2023.Net incomeNet income was RMB452.5 million(US$63.7 million)in the fourth quarter of 2023,compared to RMB397.0 million during the same period of 2022.Netincome from

30、the Momo segment was RMB430.0 million(US$60.6 million)in the fourth quarter of 2023,compared to RMB397.1 million in the sameperiod of 2022.Net income from the Tantan segment was RMB24.2 million(US$3.4 million)in the fourth quarter of 2023,compared to RMB4.7 millionin the fourth quarter of 2022.Non-G

31、AAP net income(note 1)was RMB514.7 million(US$72.5 million)in the fourth quarter of 2023,compared to RMB487.0 million during the sameperiod of 2022.Non-GAAP net income from the Momo segment was RMB492.1 million(US$69.3 million)in the fourth quarter of 2023,whichincreased from RMB480.5 million in the

32、 fourth quarter of 2022.Non-GAAP net income of the Tantan segment was RMB24.4 million(US$3.4 million)inthe fourth quarter of 2023,compared to RMB11.3 million in the fourth quarter of 2022.Net income attributable to Hello Group Inc.Net income attributable to Hello Group Inc.was RMB452.5 million(US$63

33、.7 million)in the fourth quarter of 2023,compared to RMB398.0 millionduring the same period of 2022.Non-GAAP net income(note 1)attributable to Hello Group Inc.was RMB514.7 million(US$72.5 million)in the fourth quarter of 2023,compared toRMB487.9 million during the same period of 2022.Net income per

34、ADSDiluted net income per ADS was RMB2.32(US$0.33)in the fourth quarter of 2023,compared to RMB2.01 in the fourth quarter of 2022.Non-GAAP diluted net income per ADS(note 1)was RMB2.63(US$0.37)in the fourth quarter of 2023,compared to RMB2.46 in the fourth quarter of2022.Cash and cash flowAs of Dece

35、mber 31,2023,the Companys cash,cash equivalents,short-term deposits,long-term deposits,short-term investments,short-termrestricted cash and long-term restricted cash totaled RMB13,478.5 million(US$1,898.4 million),compared to RMB13,398.8 million as of December 31,2022.Net cash provided by operating

36、activities in the fourth quarter of 2023 was RMB415.9 million(US$58.6 million),compared to RMB538.7 million inthe fourth quarter of 2022.Full Year 2023 Financial ResultsNet revenues for the full year of 2023 were RMB12,002.3 million(US$1,690.5 million),a decrease of 5.5%from RMB12,704.2 million in t

37、he sameperiod of 2022.Net income attributable to Hello Group Inc.was RMB1,957.6 million(US$275.7 million)for the full year of 2023,compared to RMB1,484.3 millionduring the same period of 2022.Non-GAAP net income attributable to Hello Group Inc.(note 1)was RMB2,224.7 million(US$313.3 million)for the

38、full year of 2023,compared toRMB1,885.8 million during the same period of 2022.Diluted net income per ADS was RMB9.84(US$1.39)during the full year of 2023,compared to RMB7.31 in the same period of 2022.Non-GAAP diluted net income per ADS(note 1)was RMB11.17(US$1.57)during the full year of 2023,compa

39、red to RMB9.20 in the same period of2022.Net cash provided by operating activities was RMB2,277.2 million(US$320.7 million)during the full year of 2023,compared to RMB1,226.9 million inthe same period of 2022.Recent DevelopmentDeclaration of a special cash dividendHello Groups board of directors has

40、 declared a special cash dividend in the amount of US$0.54 per ADS,or US$0.27 per ordinary share.The cashdividend will be paid on April 30,2024 to shareholders of record at the close of business on April 12,2024.The ex-dividend date will be April 11,2024.The aggregate amount of cash dividends to be

41、paid is approximately US$103 million,which will be funded by available cash on the Companysbalance sheet.Share repurchase programOn June 7,2022,Hello Groups board of directors authorized a share repurchase program under which the Company may repurchase up to US$200million of its shares up to June 6,

42、2024(the Share Repurchase Program).As of March 14,2024,the Company has repurchased 16.2 million ADSsfor US$86.1 million on the open market under this program,at an average purchase price of US$5.31 per ADS.On March 14,2024,Hello Groups board of directors approved to amend the Share Repurchase Progra

43、m to(i)extend the term of the ShareRepurchase 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

44、in the open marketand through privately negotiated transactions,in block trades and/or through other legally permissible means,depending on market conditions and inaccordance with applicable rules and regulations.Business OutlookFor the first quarter of 2024,the Company expects total net revenues to

45、 be between RMB2.45 billion to RMB2.55 billion,representing a decrease of13.1%to 9.5%year over year.This forecast reflects the Companys current and preliminary views on the market and operational conditions,which aresubject to change.Note 1:Non-GAAP measuresTo supplement our consolidated financial s

46、tatements presented in accordance with U.S.generally accepted accounting principles(GAAP),we,HelloGroup,use various non-GAAP financial measures that are adjusted from the most comparable GAAP results to exclude share-based compensation.Reconciliations of our non-GAAP financial measures to our U.S.GA

47、AP 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 periodson a cons

48、istent basis and to enhance investors overall understanding of the historical and current financial performance of our continuing operationsand 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

49、be considered a substitute for or superior to the GAAP results.In addition,our calculation of the non-GAAP financial measures may bedifferent from the calculation used by other companies,and therefore comparability may be limited.Our non-GAAP information(including non-GAAP cost and operating expense

50、s,income(loss)from operations,net income(loss),net incomeattributable to Hello Group Inc.,and diluted net income per ADS)is adjusted from the most comparable GAAP results to exclude share-basedcompensation.A limitation of using these non-GAAP financial measures is that share-based compensation has b

51、een and will continue to be for theforeseeable future significant recurring expenses in our results of operations.We compensate for such limitation by providing reconciliations of ournon-GAAP measures to our U.S.GAAP measures.Please see the reconciliation tables at the end of this earnings release.C

52、onference CallHello Groups management will host an earnings conference call on Thursday,March 14,2024,at 8:00 a.m.U.S.Eastern Time(8:00 p.m.Beijing/Hong Kong Time on March 14,2024).Participants can register for the conference call by navigating to:https:/s1.c- registration,each participant will rece

53、ive details for the conference call,including dial-in numbers,conference call passcode and a uniqueaccess 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 March 21,2024.The dial-in

54、 details for the replay areas follows:U.S./Canada:1-855-883-1031Hong Kong:800-930-639Passcode:10037219Additionally,a live and archived webcast of the conference call will be available on the Investor Relations section of Hello Groups website athttps:/.About Hello Group Inc.We are a leading player in

55、 Chinas online social and entertainment space.Through Momo,Tantan and other properties within our product portfolio,weenable users to discover new relationships,expand their social connections and build meaningful interactions.Momo is a mobile application thatconnects people and facilitates social i

56、nteractions based on location,interests and a variety of online recreational activities.Tantan,which was addedinto our family of applications through acquisition in May 2018,is a leading social and dating application.Tantan is designed to help its users find andestablish romantic connections as well

57、 as meet interesting people.We also operate a number of other applications to serve different social andentertainment demands from our users.For investor and media inquiries,please contact:Hello Group Inc.Investor RelationsPhone:+86-10-5731-0538Email: ChristensenIn ChinaMs.Xiaoyan SuPhone:+86-10-590

58、0-1548E-mail:Xiaoyan.S In U.S.Ms.Linda BergkampPhone:+1-480-614-3004Email: Safe Harbor StatementThis news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,as amended,and Section21E of the Securities Exchange Act of 1934,as amended,and as def

59、ined 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 first quarter of 2024,as well as the amount of,timing,methods and funding sources for repurchases of our shares under the s

60、hare repurchase program.Our forward-looking statements are not historical facts but instead represent only our belief regarding expected results and events,many of which,bytheir nature,are inherently uncertain and outside of our control.Our actual results and other circumstances may differ,possibly

61、materially,from theanticipated results and events indicated in these forward-looking statements.Announced results for the fourth quarter of 2023 are preliminary,unaudited and subject to audit adjustment.In addition,we may not meet our financial outlook for the first quarter of 2024 and may be unable

62、 to growour business in the manner planned.We may also modify our strategy for growth.Moreover,there are other risks and uncertainties that could causeour actual results to differ from what we currently anticipate,including those relating to our ability to retain and grow our user base,our ability t

63、o attractand retain sufficiently trained professionals to support our operations,our ability to anticipate and develop new services and enhance existing servicesto meet the demand of our users or customers,the market price of the Companys stock prevailing from time to time,the nature of other invest

64、mentopportunities presented to the Company from time to time,the Companys cash flows from operations,general economic conditions,and otherfactors.For additional information on these and other important factors that could adversely affect our business,financial condition,results ofoperations,and pros

65、pects,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 anyforward-looking statement,whether as a result of new information,future ev

66、ents 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 monthsYearEnded December 31En

67、ded December 31202220232023202220232023RMBRMBUS$RMBRMBUS$Net revenues:Live video service1,724,2281,523,885214,6356,510,4606,072,871855,346Value-added service1,449,5371,424,893200,6926,007,0185,752,571810,233Mobile marketing32,92744,9156,326124,956133,67718,828Mobile games5,3165,44176655,73219,6102,7

68、62Other services6503,7985356,00623,5943,323Total net revenues3,212,6583,002,932422,95412,704,17212,002,3231,690,492Cost and expenses:Cost of revenues(1,916,050)(1,770,117)(249,316)(7,421,419)(7,025,394)(989,506)Research and development(272,657)(231,445)(32,598)(1,006,219)(884,590)(124,592)Sales and

69、marketing(407,075)(304,696)(42,916)(2,073,617)(1,414,949)(199,291)General and administrative(142,492)(125,498)(17,676)(596,006)(502,479)(70,773)Total cost and expenses(2,738,274)(2,431,756)(342,506)(11,097,261)(9,827,412)(1,384,162)Other operating(loss)income,net(65,158)30,8214,34120,632130,10518,32

70、5Income from operations409,226601,99784,7891,627,5432,305,016324,655Interest income88,118124,35417,515368,879436,25361,445Interest expense(10,955)(20,552)(2,895)(83,530)(62,223)(8,764)Other gain or loss,net-(31,250)(4,401)118,325(26,685)(3,759)Income before income tax and share of income on equityme

71、thodinvestments486,389674,54995,0082,031,2172,652,361373,577Income tax expenses(109,421)(183,377)(25,828)(562,281)(630,023)(88,737)Income before share of income on equity method investments376,968491,17269,1801,468,9362,022,338284,840Share of income(loss)on equity method investments20,040(38,703)(5,

72、451)11,073(70,643)(9,950)Net income 397,008452,46963,7291,480,0091,951,695274,890Less:net loss attributable to non-controlling interest(986)-(4,274)(5,886)(829)Net income attributable to the shareholders of Hello Group Inc.397,994452,46963,7291,484,2831,957,581275,719Net income per share attributabl

73、e to ordinary shareholdersBasic1.051.20.173.85.180.73Diluted1.011.160.163.654.920.69Weighted average shares used in calculating net income perordinary shareBasic377,841,986 376,317,036 376,317,036 390,176,367 377,639,399 377,639,399Diluted406,152,757 390,956,175 390,956,175 423,810,279 401,833,328 4

74、01,833,328 Hello Group Inc.Unaudited Condensed Consolidated Statement of Comprehensive Income(All amounts in thousands,except share and per share data)Three monthsYearEnded December 31Ended December 31202220232023202220232023RMBRMBUS$RMBRMBUS$Net income 397,008 452,46963,729 1,480,009 1,951,695 274,

75、890Other comprehensive income(loss),net of tax:Foreign currency translation adjustment54,041(95,774)(13,489)(274,791)20,4142,875Comprehensive income 451,049 356,69550,240 1,205,218 1,972,109 277,765Less:comprehensive(loss)income attributed to the non-controllinginterest(7,154)(5,020)(707)10,55635750

76、Comprehensive income attributable to Hello Group Inc.458,203 361,71550,947 1,194,662 1,971,752 277,715 Hello Group Inc.Unaudited Condensed Consolidated Balance Sheets(All amounts in thousands,except share and per share data)December 31 December 31 December 31202220232023RMBRMBUS$AssetsCurrent assets

77、Cash and cash equivalents5,018,1295,620,466791,626Short-term deposits5,300,0001,270,626178,964Restricted cash97,70610,1471,429Short-term investments300,240-Accounts receivable,net of allowance for doubtful accounts ofRMB5,870 and RMB12,780 as of December 31,2022 and 2023,respectively188,711201,51728

78、,383Amounts due from related parties557,2581,022Prepaid expenses and other current assets819,706723,364101,884Total current assets11,724,5477,833,3781,103,308Long-term deposits2,600,0003,924,975552,821Long-term restricted cash82,7662,652,299373,569Right-of-use assets,net115,520109,57215,433Property

79、and equipment,net172,984659,03392,823Intangible assets,net22,20317,0862,407Rental deposits20,73712,9621,826Long-term investments893,988786,911110,834Amounts due from RPT-non current-20,0002,817Other non-current assets162,499180,05225,360Deferred tax assets34,34331,7414,471Total assets15,829,58716,22

80、8,0092,285,669Liabilities and equityCurrent liabilitiesAccounts payable617,022616,68186,857Deferred revenue484,775442,80562,368Accrued expenses and other current liabilities797,504630,61788,821Amounts due to related parties9,1784,314608Lease liabilities due within one year88,35260,0088,452Income tax

81、 payable68,76594,71913,341Deferred consideration in connection with business acquisitions26,48327,2613,840Long-term borrowings,current portion-215,61530,369Convertible senior notes-current2,646,168-Total current liabilities4,738,2472,092,020294,656Deferred tax liabilities22,01124,9873,519Convertible

82、 Senior Notes-19,5712,757Long-term borrowings-1,938,385273,016Lease liabilities33,28152,1717,348Other non-current liabilities105,410114,08516,069Total liabilities4,898,9494,241,219597,365Shareholders equity(i)10,930,63811,986,7901,688,304Total liabilities and shareholders equity15,829,58716,228,0092

83、,285,669(i):As of December 31,2023,the number of ordinary shares outstanding was 375,085,192.Hello Group Inc.Unaudited Condensed Consolidated Statement of Cash Flows(All amounts in thousands,except share and per share data)Three monthsYearEnded December 31Ended December 31202220232023202220232023RMB

84、RMBUS$RMBRMBUS$Cash flows from operating activities:Net income 397,008452,46963,7291,480,0091,951,695274,890Adjustments to reconcile net income to net cash provided by operatingactivities:Depreciation of property and equipment23,90815,3942,168107,01574,49210,492Amortization of intangible assets1,279

85、1,2791805,1165,116721Share-based compensation89,94462,2248,765401,484267,10137,620Share of(income)loss on equity method investments(20,040)38,7035,451(11,073)70,6439,950Gain on repurchase of convertible senior notes-(129,575)(4,565)(643)Loss on long-term investments-31,2504,40111,25031,2504,401Cash

86、received on distributions from equity method investments-1,7082,067291Gain or loss on disposal of property and equipment42-(779)(518)(73)Provision of(income)loss on receivable and other assets(75)1,553219(528)11,6241,637Changes in operating assets and liabilities:Accounts receivable4,643(11,392)(1,6

87、05)20,338(21,308)(3,001)Prepaid expenses and other current assets(36,784)(13,492)(1,900)(52,928)84,80211,944Amounts due from related parties(55)(144)(20)(55)(27,203)(3,831)Rental deposits-5,5247781,3997,7761,095Deferred tax assets1,4931,7282435072,600366Other non-current assets(15,907)16,0332,25860,

88、913(11,606)(1,635)Accounts payable(8,992)(25,118)(3,538)(115,384)13,7071,931Income tax payable(6,081)5,456768(57,004)25,9523,655Deferred revenue17,504(31,253)(4,402)(56,387)(42,390)(5,971)Accrued expenses and other current liabilities121,638(11,586)(1,632)(182,708)(183,772)(25,884)Amount due to rela

89、ted parties(265)639904,162(4,865)(685)Deferred tax liabilities(15,367)(130,345)(18,359)(187,119)(147)(21)Other non-current liabilities(15,159)6,953979(73,470)24,7103,480Net cash provided by operating activities538,696415,87758,5731,226,8912,277,161320,729Cash flows from investing activities:Purchase

90、 of property and equipment(10,053)(316,847)(44,627)(80,445)(576,310)(81,172)Payment for long-term investments(15,000)(9,750)(1,373)(70,343)(18,750)(2,641)Purchase of short-term deposits-(1,700,000)(1,028,556)(144,869)Cash received on maturity of short-term deposits1,700,000800,000112,6785,410,0006,2

91、09,820874,635Payment for short term investments(300,000)-(300,000)-Cash received from sales of short-term investment-308,55043,458-308,55043,458Cash received on investment income distribution-3,5231,517214Purchase of long-term deposits(200,000)(361,165)(50,869)(2,750,000)(4,210,025)(592,970)Cash rec

92、eived on maturity of long-term deposits-1,200,0001,700,000239,440Cash received from sales of long-term investment-10,0001,408-25,0003,521Other investing activities71-3,1101,823257Net cash provided by investing activities1,174,954430,78960,6751,715,8452,413,069339,873Cash flows from financing activit

93、ies:Deferred payment for business acquisition-(21,421)-Proceeds from exercise of share options11231416360185Repurchase of ordinary shares(104,684)(150,191)(21,154)(392,374)(212,195)(29,887)Repurchase of subsidiarys share options(1,076)-(40,943)(4,319)(608)Dividends payment-(20,803)(2,930)(840,997)(9

94、58,052)(134,939)Proceeds from long-term borrowings-2,154,000303,385Payment for redemption of convertible bonds-(2,136,987)(2,679,942)(377,462)Net cash used in financing activities(105,648)(170,963)(24,080)(3,432,559)(1,699,907)(239,426)Effect of exchange rate changes(30,706)(34,609)(4,872)41,39093,9

95、8813,240Net increase(decrease)in cash and cash equivalents 1,577,296641,09490,296(448,433)3,084,311434,416Cash,cash equivalents and restricted cash at the beginning of period3,621,305 7,641,818 1,076,3285,647,0345,198,601732,208Cash,cash equivalents and restricted cash at the end of period5,198,601

96、8,282,912 1,166,6245,198,6018,282,912 1,166,624 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 GAAPme

97、asures.Three monthsThree monthsThree monthsEnded December 31,2022Ended December 31,2023Ended December 31,2023GAAPShare-basedcompensationNon-GAAPGAAPShare-basedcompensationNon-GAAPGAAPShare-basedcompensation Non-GAAPRMBRMBRMBRMBRMB RMBUS$US$US$Cost of revenues(1,916,050)1,707(1,914,343)(1,770,117)1,9

98、09(1,768,208)(249,316)269(249,047)Research anddevelopment(272,657)22,145(250,512)(231,445)13,375(218,070)(32,598)1,884(30,714)Sales and marketing(407,075)8,480(398,595)(304,696)8,653(296,043)(42,916)1,219(41,697)General andadministrative(142,492)57,612(84,880)(125,498)38,287(87,211)(17,676)5,393(12,

99、283)Cost and operatingexpenses(2,738,274)89,944(2,648,330)(2,431,756)62,224(2,369,532)(342,506)8,765(333,741)Income from operations409,22689,944499,170601,99762,224664,22184,7898,76593,554Net income attributable toHello Group Inc.397,99489,944487,938452,46962,224514,69363,7298,76572,494 Reconciliati

100、on 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 GAAPmeasures-continued.YearYearYearEnded December 31,2022Ended December 31,2023End

101、ed December 31,2023GAAPShare-basedcompensationNon-GAAPGAAPShare-basedcompensation Non-GAAPGAAPShare-basedcompensation Non-GAAPRMBRMBRMBRMBRMB RMBUS$US$US$Cost of revenues(7,421,419)14,195(7,407,224)(7,025,394)6,307(7,019,087)(989,506)888(988,618)Research anddevelopment(1,006,219)88,797(917,422)(884,

102、590)64,561(820,029)(124,592)9,093(115,499)Sales and marketing(2,073,617)38,432(2,035,185)(1,414,949)29,066(1,385,883)(199,291)4,094(195,197)General andadministrative(596,006)260,060(335,946)(502,479)167,167(335,312)(70,773)23,545(47,228)Cost and operatingexpenses(11,097,261)401,484(10,695,777)(9,827

103、,412)267,101(9,560,311)(1,384,162)37,620(1,346,542)Income fromoperations1,627,543401,4842,029,0272,305,016267,1012,572,117324,65537,620362,275Net incomeattributable toHello Group Inc.1,484,283401,4841,885,7671,957,581267,1012,224,682275,71937,620313,339 Hello Group Inc.Unaudited Condensed Segment Re

104、port(All amounts in thousands,except share and per share data)Three months Ended December 31,2023MomoTantan QOOLTotalTotalRMBRMBRMBRMBUS$Net revenues:Live video service1,423,730100,155-1,523,885214,635Value-added service1,264,358160,535-1,424,893200,692Mobile marketing33,39511,520-44,9156,326Mobile

105、games5,441-5,441766Other services1,760-2,0383,798535Total net revenues2,728,684272,2102,0383,002,932422,954Cost and expenses(ii):Cost of revenues(1,638,915)(130,237)(965)(1,770,117)(249,316)Research and development(180,343)(51,102)-(231,445)(32,598)Sales and marketing(244,043)(58,444)(2,209)(304,696

106、)(42,916)General and administrative(117,923)(6,882)(693)(125,498)(17,676)Total cost and expenses(2,181,224)(246,665)(3,867)(2,431,756)(342,506)Other operating income29,4421,3017830,8214,341Income(loss)from operations576,90226,846(1,751)601,99784,789Interest income124,294573124,35417,515Interest expe

107、nse(20,552)-(20,552)(2,895)Other gain or loss,net(31,250)-(31,250)(4,401)Income(loss)before income tax and share of income on equity methodinvestments649,39426,903(1,748)674,54995,008Income tax expenses(180,669)(2,708)-(183,377)(25,828)Income(loss)before share of income on equity method investments4

108、68,72524,195(1,748)491,17269,180Share of loss on equity method investments(38,703)-(38,703)(5,451)Net income(loss)430,02224,195(1,748)452,46963,729(ii)Share-based compensation was allocated in cost of revenues and operating expenses as follows:Three monthsEnded December 31,2023MomoTantanQOOLTotalTot

109、alRMBRMBRMBRMBUS$Cost of revenues1,9054-1,909269Research and development13,194181-13,3751,884Sales and marketing8,653-8,6531,219General and administrative38,2798-38,2875,393Total cost and expenses62,031193-62,2248,765 Hello Group Inc.Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment R

110、eport(All amounts in thousands,except share and per share data)Three monthsEnded December 31,2023Momo Tantan QOOLTotalTotalRMBRMBRMBRMBUS$Income(loss)from operations576,902 26,846(1,751)601,997 84,789Share-based compensation62,031193-62,2248,765Non-GAAP income(loss)from operations 638,933 27,039(1,7

111、51)664,221 93,554Net income(loss)430,022 24,195(1,748)452,469 63,729Share-based compensation62,031193-62,2248,765Non-GAAP net income(loss)492,053 24,388(1,748)514,693 72,494 Hello Group Inc.Unaudited Condensed Segment Report(All amounts in thousands,except share and per share data)Three months Ended

112、 December 31,2022MomoTantanQOOLTotalTotalRMBRMBRMBRMBUS$1Net revenues:Live video service1,561,332162,896-1,724,228249,990Value-added service1,265,693183,844-1,449,537210,164Mobile marketing32,927-32,9274,774Mobile games5,316-5,316771Other services483-16765093Total net revenues2,865,751346,7401673,21

113、2,658465,792Cost and expenses(iii):Cost of revenues(1,722,675)(192,748)(627)(1,916,050)(277,801)Research and development(200,740)(71,917)-(272,657)(39,532)Sales and marketing(307,166)(98,209)(1,700)(407,075)(59,020)General and administrative(131,844)(7,899)(2,749)(142,492)(20,659)Total cost and expe

114、nses(2,362,425)(370,773)(5,076)(2,738,274)(397,012)Other operating(loss)income,net(67,499)2,3392(65,158)(9,447)Income(loss)from operations435,827(21,694)(4,907)409,22659,333Interest income87,7992536688,11812,776Interest expense(10,955)-(10,955)(1,588)Income(loss)before income tax and share of income

115、 on equitymethod investments512,671(21,441)(4,841)486,38970,521Income tax(expenses)benefits(135,602)26,181-(109,421)(15,865)Income(loss)before share of income on equity method investments377,0694,740(4,841)376,96854,656Share of income on equity method investments20,040-20,0402,906Net income(loss)397

116、,1094,740(4,841)397,00857,562(iii)Share-based compensation was allocated in cost of revenues and operating expenses as follows:Three monthsEnded December 31,2022MomoTantanQOOLTotalTotalRMBRMBRMBRMBUS$Cost of revenues1,68918-1,707247Research and development15,9076,238-22,1453,211Sales and marketing8,

117、4737-8,4801,229General and administrative57,350262-57,6128,353Total cost and expenses83,4196,525-89,94413,0401 All translations from RMB to U.S.dollars are made at a rate of RMB6.8972 to US$1.00,the effective noon buying rate for December 30,2022 asset forth in the H.10 statistical release of the Fe

118、deral 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 monthsEnded December 31,2022MomoTantanQOOLTotalTotalRMBRMBRMBRMBUS$Income(loss)from operations435,827(21,694)(4,907)409,226 59,33

119、3Share-based compensation83,4196,525-89,944 13,040Non-GAAP income(loss)fromoperations519,246(15,169)(4,907)499,170 72,373Net income(loss)397,1094,740(4,841)397,008 57,562Share-based compensation83,4196,525-89,944 13,040Non-GAAP net income(loss)480,52811,265(4,841)486,952 70,602 Hello Group Inc.Unaud

120、ited Condensed Segment Report(All amounts in thousands,except share and per share data)YearEnded December 31,2023MomoTantanQOOLTotalTotalRMBRMBRMBRMBUS$Net revenues:Live video service5,567,894504,977-6,072,871855,346Value-added service5,085,541667,030-5,752,571810,233Mobile marketing109,12524,552-13

121、3,67718,828Mobile games19,610-19,6102,762Other services16,337-7,25723,5943,323Total net revenues10,798,5071,196,5597,257 12,002,3231,690,492Cost and expenses(iv):Cost of revenues(6,404,042)(599,348)(22,004)(7,025,394)(989,506)Research and development(664,340)(220,250)-(884,590)(124,592)Sales and mar

122、keting(1,138,505)(268,652)(7,792)(1,414,949)(199,291)General and administrative(467,537)(26,482)(8,460)(502,479)(70,773)Total cost and expenses(8,674,424)(1,114,732)(38,256)(9,827,412)(1,384,162)Other operating income125,3184,411376130,10518,325Income(loss)from operations2,249,40186,238(30,623)2,305

123、,016324,655Interest income435,45171389436,25361,445Interest expense(62,223)-(62,223)(8,764)Other gain or loss,net(26,685)-(26,685)(3,759)Income(loss)before income tax and share of income onequity method investments2,595,94486,951(30,534)2,652,361373,577Income tax expenses(623,844)(6,179)-(630,023)(8

124、8,737)Income(loss)before share of income on equity methodinvestments1,972,10080,772(30,534)2,022,338284,840Share of loss on equity method investments(70,643)-(70,643)(9,950)Net income(loss)1,901,45780,772(30,534)1,951,695274,890(iv)Share-based compensation was allocated in cost of revenues and opera

125、ting expenses as follows:YearEnded December 31,2023MomoTantanQOOLTotalTotalRMBRMBRMBRMBUS$Cost of revenues6,167140-6,307888Research and development49,98714,574-64,5619,093Sales and marketing29,0615-29,0664,094General and administrative167,13532-167,16723,545Total cost and expenses252,35014,751-267,1

126、0137,620 Hello Group Inc.Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report(All amounts in thousands,except share and per share data)YearEnded December 31,2023MomoTantanQOOLTotalTotalRMBRMBRMBRMBUS$Income(loss)from operations2,249,40186,238(30,623)2,305,016 324,655Share-based co

127、mpensation252,35014,751-267,10137,620Non-GAAP income(loss)from operations 2,501,751 100,989(30,623)2,572,117 362,275Net income(loss)1,901,45780,772(30,534)1,951,695 274,890Share-based compensation252,35014,751-267,10137,620Non-GAAP net income(loss)2,153,80795,523(30,534)2,218,796 312,510 Hello Group

128、 Inc.Unaudited Condensed Segment Report(All amounts in thousands,except share and per share data)YearEnded December 31,2022MomoTantanQOOLTotalTotalRMBRMBRMBRMBUS$Net revenues:Live video service5,966,323544,137-6,510,460943,928Value-added service5,183,302823,716-6,007,018870,936Mobile marketing124,95

129、6-124,95618,117Mobile games55,732-55,7328,080Other services4,781-1,2256,006871Total net revenues11,335,0941,367,8531,22512,704,1721,841,932Cost and expenses(v):Cost of revenues(6,704,020)(714,936)(2,463)(7,421,419)(1,076,005)Research and development(737,380)(268,839)-(1,006,219)(145,888)Sales and ma

130、rketing(1,346,692)(721,889)(5,036)(2,073,617)(300,646)General and administrative(547,798)(33,234)(14,974)(596,006)(86,413)Total cost and expenses(9,335,890)(1,738,898)(22,473)(11,097,261)(1,608,952)Other operating income8,75311,8304920,6322,991Income(loss)from operations2,007,957(359,215)(21,199)1,6

131、27,543235,971Interest income368,051544284368,87953,482Interest expense(83,530)-(83,530)(12,111)Other gain or loss,net118,325-118,32517,156Income(loss)before income tax and share of income on equity methodinvestments2,410,803(358,671)(20,915)2,031,217294,498Income tax(expenses)benefits(586,663)24,382

132、-(562,281)(81,523)Income(loss)before share of income on equity method investments1,824,140(334,289)(20,915)1,468,936212,975Share of income on equity method investments11,073-11,0731,605Net income(loss)1,835,213(334,289)(20,915)1,480,009214,580(v)Share-based compensation was allocated in cost of reve

133、nues and operating expenses as follows:YearEnded December 31,2022MomoTantanQOOLTotalTotalRMBRMBRMBRMBUS$Cost of revenues7,1667,029-14,1952,058Research and development67,65921,138-88,79712,874Sales and marketing38,202230-38,4325,572General and administrative259,669391-260,06037,705Total cost and expe

134、nses372,69628,788-401,48458,209 Hello Group Inc.Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report(All amounts in thousands,except share and per share data)YearEnded December 31,2022MomoTantanQOOLTotalTotalRMBRMBRMBRMBUS$Income(loss)from operations2,007,957(359,215)(21,199)1,627

135、,543 235,971Share-based compensation372,69628,788-401,48458,209Non-GAAP income(loss)fromoperations2,380,653(330,427)(21,199)2,029,027 294,180Net income(loss)1,835,213(334,289)(20,915)1,480,009 214,580Share-based compensation372,69628,788-401,48458,209Non-GAAP net income(loss)2,207,909(305,501)(20,915)1,881,493 272,789 View original content:https:/ Hello Group Inc.