6-K

Hello Group Inc. (MOMO)

6-K 2025-12-10 For: 2025-12-10
View Original
Added on April 04, 2026

UNITED STATES

SECURITIESAND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of December 2025

Commission File Number: 001-36765

Hello Group Inc.

20^th^ Floor, Block B

Tower 2, Wangjing SOHO

No.1 Futongdong Street

Chaoyang District, Beijing 100102

People’s Republic of China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒     Form 40-F ☐

Exhibit Index

Exhibit 99.1—Press Release

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Hello Group Inc.
By : /s/ Cathy Hui Peng
Name : Cathy Hui Peng
Title : Chief Financial Officer

Date: December 10, 2025

EX-99.1

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 2025Highlights

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<br>third quarter of 2025.
--- ---
Net income attributable to Hello Group Inc. was RMB348.9 million (US$49.0 million) in the third quarter of<br>2025, compared to RMB449.4 million in the same period of 2024.
--- ---
Non-GAAP net income attributable to Hello Group Inc. (note 1) was<br>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<br>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<br>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<br>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<br>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<br>months of 2025.
Net revenues from overseas increased by 71.0% year over year to RMB1,391.8 million (US$195.5 million) for<br>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<br>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<br>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<br>the same period of 2024.
--- ---
Non-GAAP diluted net income per ADS (note 1) was RMB4.17 (US$0.59) for<br>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<br>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<br>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<br>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<br>and overall performance.
--- ---

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“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

Netrevenues

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.

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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.

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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.

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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 GroupInc.

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:

HelloGroup Inc.

Investor Relations

Phone: +852-3157-1669

Email: ir@hellogroup.com

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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 HarborStatement

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.

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Hello Group Inc.

Unaudited Condensed Consolidated Statement of Operations

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

Three months<br>Ended September 30 First nine months<br>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 7,823,965 7,680,550
Other services 31,952 38,768 102,510 110,777
Total net revenues **** 2,674,664 **** **** 2,650,124 **** **** **** 7,926,475 **** **** 7,791,327 **** ****
Cost and expenses:
Cost of revenues (1,623,723 ) (1,658,331 ) ) (4,722,520 ) (4,835,117 ) )
Research and development (196,382 ) (183,263 ) ) (581,741 ) (562,891 ) )
Sales and marketing (354,881 ) (343,854 ) ) (1,013,081 ) (1,020,359 ) )
General and administrative (111,174 ) (123,992 ) ) (364,037 ) (353,342 ) )
Total cost and expenses **** (2,286,160 ) **** (2,309,440 ) ) **** (6,681,379 ) **** (6,771,709 ) )
Other operating income, net 22,221 3,842 50,988 27,889
Income from operations **** 410,725 **** **** 344,526 **** **** **** 1,296,084 **** **** 1,047,507 **** ****
Interest income 134,875 90,309 386,919 316,160
Interest expense (34,809 ) (18,333 ) ) (91,000 ) (72,409 ) )
Other gain or loss, net 1,820 (43,870 ) 1,780
Income before income tax and share of income (loss) on equity methodinvestments **** 510,791 **** **** 418,322 **** **** **** 1,548,133 **** **** 1,293,038 **** ****
Income tax expenses (95,298 ) (65,130 ) ) (755,525 ) (773,926 ) )
Income before share of income (loss) on equity method investments **** 415,493 **** **** 353,192 **** **** **** 792,608 **** **** 519,112 **** ****
Share of income (loss) on equity method investments 33,876 (3,579 ) ) 59,730 49,579
Net income **** 449,369 **** **** 349,613 **** **** **** 852,338 **** **** 568,691 **** ****
Less: net income attributable to non-controlling<br>interest 725 2,013
Net income attributable to the shareholders of Hello Group Inc. **** 449,369 **** **** 348,888 **** **** **** 852,338 **** **** 566,678 **** ****
Net income per share attributable to ordinary shareholders
Basic 1.29 1.05 2.36 1.69
Diluted 1.23 1.03 2.26 1.66
Weighted average shares used in calculating net income per ordinary share
Basic 347,943,851 332,480,464 361,613,017 334,932,043
Diluted 365,942,405 339,420,383 377,697,017 341,305,373

All values are in US Dollars.

(i) The following table presents revenues by geographic area based on the addresses of our customers of our users:<br>
Three months<br>Ended September 30 First nine months<br>Ended September 30
--- --- --- --- --- --- --- --- --- --- ---
2024 2025 2025 2024 2025 2025
RMB RMB US RMB RMB US
Chinese mainland 2,358,283 2,115,350 7,112,639 6,399,512
Overseas 316,381 534,774 813,836 1,391,815
Total **** 2,674,664 **** 2,650,124 **** 7,926,475 **** 7,791,327

All values are in US Dollars.

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Hello Group Inc.

Unaudited Condensed Consolidated Statement of Comprehensive Income

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

Three months<br>Ended September 30 First nine months<br>Ended September 30
2024 2025 2025 2024 2025 2025
RMB RMB US RMB RMB US
Net income **** 449,369 **** **** 349,613 **** **** **** 852,338 **** **** 568,691 **** ****
Other comprehensive loss, net of tax:
Foreign currency translation adjustment (287,150 ) (39,713 ) ) (190,687 ) (156,527 ) )
Comprehensive income **** 162,219 **** **** 309,900 **** **** **** 661,651 **** **** 412,164 **** ****
Less: comprehensive loss attributed to the non-controlling<br>interest (6,400 ) (1,297 ) ) (2,114 ) (2,816 ) )
Comprehensive income attributable to Hello Group Inc. **** 168,619 **** **** 311,197 **** **** **** 663,765 **** **** 414,980 **** ****

All values are in US Dollars.

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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
Short-term deposits 2,026,245 4,525,808
Restricted cash 4,566,477 123,900
Short-term investment 19,572
Accounts receivable, net of allowance for credit losses of RMB12,433 and RMB17,636 as of<br>December 31, 2024 and September 30, 2025, respectively 192,317 248,915
Prepaid expenses and other current assets 1,104,172 824,153
Total current assets 12,011,870 9,934,926
Long-term deposits 3,059,860
Long-term restricted cash 953,285
Right-of-use<br>assets, net 252,169 148,998
Property and equipment, net 897,036 1,014,094
Intangible assets, net 86,661 265,507
Rental deposits 13,280 3,839
Long-term investments 825,533 1,551,807
Other non-current assets 110,960 172,710
Deferred tax assets 36,066 33,805
Goodwill 136,250 615,300
Total assets **** 18,382,970 **** 13,740,986
Liabilities and equity
Current liabilities
Accounts payable 615,254 552,338
Deferred revenue 427,702 473,129
Accrued expenses and other current liabilities 704,410 692,217
Lease liabilities due within one year 141,971 92,929
Income tax payable 157,057 19,548
Deferred consideration in connection with business acquisitions-current 28,027 76,093
Convertible Senior Notes-current 20,191
Long-term borrowings, current portion 1,938,385 2,610
Short-term borrowings 2,365,535
Total current liabilities 6,398,532 1,908,864
Deferred consideration in connection with business<br>acquisitions-non current 65,694
Lease liabilities 115,105 60,859
Deferred tax liabilities 241,915 513,495
Long—term borrowings 3,508
Other non-current liabilities 129,051 47,543
Total liabilities 6,950,297 2,534,269
Shareholder’s equity (ii) 11,432,673 11,206,717
Total liabilities and shareholder’s equity **** 18,382,970 **** 13,740,986

All values are in US Dollars.

(ii): As of September 30, 2025, the number of ordinary shares outstanding was 314,131,458.<br>

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Hello Group Inc.

Unaudited Condensed Consolidated Statement of Cash Flows

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

Three months<br><br><br>Ended September 30 First nine months<br><br><br>Ended September 30
2024 2025 2025 2024 2025 2025
RMB RMB US RMB RMB US
Cash flows from operating activities:
Net income 449,369 349,613 852,338 568,691
Adjustments to reconcile net income to net cash provided by operating<br>activities:
Depreciation of property and equipment 13,144 9,857 40,979 33,477
Amortization of intangible assets 1,279 10,076 3,837 23,922
Share-based compensation 43,951 50,650 150,079 129,311
Share of (income) loss on equity method investments (33,876 ) 3,579 (59,730 ) (49,579 ) )
Gain or loss on fair value changes of short-term investments (1,820 ) ) (1,820 ) )
Returns on investments 1,197 797
Loss on long-term investments 43,870 40
Gain or loss on disposal of property and equipment (142 ) (91 ) ) (62 ) (339 ) )
Provision of loss on receivable and other assets 1,754 168 3,675 5,885
Changes in operating assets and liabilities:
Accounts receivable (3,876 ) 13,340 11,952 (23,651 ) )
Prepaid expenses and other current assets (97,212 ) 189,050 (91,846 ) 67,409
Rental deposits 493 3,256 (309 ) 11,162
Deferred tax assets (117 ) 1,340 (4,195 ) 2,261
Other non-current assets 22,945 32,021 (183,398 ) 113,693
Accounts payable 16,036 (61,473 ) ) (15,710 ) (70,969 ) )
Income tax payable 35,209 (400,264 ) ) (1,288 ) (137,941 ) )
Deferred revenue (838 ) 9,298 568 21,017
Accrued expenses and other current liabilities (3,390 ) (60,925 ) ) 61,357 (202,711 ) )
Deferred tax liabilities (85,088 ) 20,333 294,333 214,229
Other non-current liabilities (18,688 ) (24,461 ) ) 108,705 (71,487 ) )
Net cash provided by operating activities **** 340,953 **** **** 143,547 **** **** **** 1,216,352 **** **** 633,397 **** ****
Cash flows from investing activities:
Purchase of property and equipment (19,796 ) (118,363 ) ) (263,814 ) (172,339 ) )
Payment for long-term investments (28,000 ) (369,697 ) ) (33,250 ) (442,290 ) )
Payment for business acquisition (412,378 ) ) (606,768 ) )
Purchase of short-term deposits (2,133,086 ) (2,545,730 ) ) (2,133,086 ) (2,545,730 ) )
Cash received on maturity of short-term deposits 353,022 1,081,016 1,460,267
Payment for short-term investments (18,014 ) ) (18,014 ) )
Purchase of long-term deposits (718,860 )
Cash received on maturity of long-term deposits 1,483,045 718,860 1,633,045
Cash received from sales of long-term investment 2,000
Returns of investments 1,145 1,145
Loan to a third-party company (96,680 ) (10,458 ) ) (96,680 ) (44,214 ) )
Other investing activities 212 161 895 655
Net cash used in investing activities **** (2,277,350 ) **** (1,637,267 ) ) **** (1,442,919 ) **** (734,243 ) )
Cash flows from financing activities:
Proceeds from exercise of share options 4 1 17 5
Repurchase of ordinary shares (265,441 ) (147,160 ) ) (772,263 ) (445,885 ) )
Deferred payment for business acquisition (17,132 ) ) (17,132 ) )
Dividends payment (716,302 ) (346,182 ) )
Payment in relation to redemption of convertible bonds (20,221 ) )
Proceeds from short-term borrowings 1,033,900 2,365,535
Repayment of short-term borrowings (675,000 ) ) (2,365,535 ) )
Repayment of long-term borrowings (215,400 ) (1,938,862 ) ) (215,615 ) (1,939,536 ) )
Net cash provided by (used in) financing activities **** 553,063 **** **** (2,778,153 ) ) **** 661,372 **** **** (5,134,486 ) )
Effect of exchange rate changes (178,773 ) (11,306 ) ) (130,234 ) (90,611 ) )
Net (decrease) increase in cash and cash equivalents **** (1,562,107 ) **** (4,283,179 ) ) **** 304,571 **** **** (5,325,943 ) )
Cash, cash equivalents and restricted cash at the beginning of period 10,149,590 8,599,657 8,282,912 9,642,421
Cash, cash equivalents and restricted cash at the end of period 8,587,483 4,316,478 8,587,483 4,316,478

All values are in US Dollars.

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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<br>operations, and net income (loss) to comparable GAAP measures.
Three months<br>Ended September 30, 2024 Three months<br>Ended September 30, 2025 Three monthsEnded September 30, 2025
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
GAAP<br>RMB Share-based<br>compensation<br>RMB Non-GAAP<br>RMB GAAP<br>RMB Amortization<br>of intangible<br>assets from<br>business<br>acquisitions<br>RMB Share-based<br>compensation<br>RMB Tax<br>impacts(iii)<br>RMB Non-GAAP<br>RMB GAAPUS Amortizationof intangibleassets frombusinessacquisitionsUS Share-basedcompensationUS Taximpacts(iii)US Non-GAAPUS
Cost of revenues (1,623,723 ) 2,143 (1,621,580 ) (1,658,331 ) 3,480 2,320 (1,652,531 ) ) )
Research and development (196,382 ) 11,030 (185,352 ) (183,263 ) 1,335 11,302 (170,626 ) ) )
Sales and marketing (354,881 ) 4,774 (350,107 ) (343,854 ) 3,982 3,986 (335,886 ) ) )
General and administrative (111,174 ) 26,004 (85,170 ) (123,992 ) 33,042 (90,950 ) ) )
Cost and operating expenses **** (2,286,160 ) **** 43,951 **** (2,242,209 ) **** (2,309,440 ) **** 8,797 **** 50,650 **** **** **** (2,249,993 ) ) **** )
Income from operations 410,725 43,951 454,676 344,526 8,797 50,650 403,973
Net income attributable to Hello Group Inc. 449,369 43,951 493,320 348,888 8,797 50,650 (3,842 ) 404,493 )

All values are in US Dollars.

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<br>operations, and net income (loss) to comparable GAAP measures-continued.
First nine months<br>Ended September 30, 2024 First nine months<br>Ended September 30, 2025 First nine monthsEnded September 30, 2025
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
GAAP<br>RMB Share-based<br>compensation<br>RMB Non-GAAP<br>RMB GAAP<br>RMB Amortization<br>of intangible<br>assets from<br>business<br>acquisitions<br>RMB Share-based<br>compensation<br>RMB Tax<br>impacts(iii)<br>RMB Non-GAAP<br>RMB GAAPUS Amortizationof intangibleassets frombusinessacquisitionsUS Share-basedcompensationUS Taximpacts(iii)US Non-GAAPUS
Cost of revenues (4,722,520 ) 5,821 (4,716,699 ) (4,835,117 ) 6,505 5,654 (4,822,958 ) ) )
Research and development (581,741 ) 33,328 (548,413 ) (562,891 ) 3,334 31,072 (528,485 ) ) )
Sales and marketing (1,013,081 ) 15,040 (998,041 ) (1,020,359 ) 10,246 12,456 (997,657 ) ) )
General and administrative (364,037 ) 95,890 (268,147 ) (353,342 ) 80,129 (273,213 ) ) )
Cost and operating expenses **** (6,681,379 ) **** 150,079 **** (6,531,300 ) **** (6,771,709 ) **** 20,085 **** 129,311 **** **** **** (6,622,313 ) ) **** )
Income from operations 1,296,084 150,079 1,446,163 1,047,507 20,085 129,311 1,196,903
Net income attributable to Hello Group Inc. 852,338 150,079 1,002,417 566,678 20,085 129,311 (3,842 ) 712,232 )

All values are in US Dollars.

(iii) Includes tax impacts related to the amortization of intangible assets from business acquisition. There is no<br>tax impact related to share-based compensation.

12