Recent Updates — MOMO
Hello Group Inc. reported unaudited financial results for the second quarter ended June 30, 2026. Net revenues decreased 5.1% year-over-year to RMB2,486.0 million (US$366.4 million), driven by a decline in mainland China operations partially offset by a 52.0% surge in overseas revenue to RMB672.7 million. The company returned to profitability with net income attributable to shareholders of RMB237.4 million, compared to a net loss of RMB140.2 million in the prior year period. Diluted net income per ADS was RMB1.52 (US$0.22). Hello Group operates in Asia's online social networking space, primarily through its Momo and Tantan applications.
Ms. Sichuan Zhang resigned as chief operating officer effective July 31, 2026, due to personal reasons. She will continue serving on the board of directors, and her departure was not caused by any dispute with the company regarding operations or policies. Hello Group Inc. operates in the internet technology sector, providing mobile social entertainment services.