– моментальные уведомления о рынке акций
– моментальные уведомления о рынке акций
BEIJING, Dec. 8, 2022 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) ("Hello Group" or the "Company"), a leading mobile social and entertainment platform in China, today announced its unaudited financial results for the third quarter of 2022.
Third Quarter of 2022 Highlights
* This press release contains translations of certain Renminbi amounts into U.S. dollars at specified rates 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 RMB7.1135 to US$1.00, the effective noon buying rate for September 30, 2022 as set forth in the H.10 statistical release of the Federal Reserve Board. |
First Nine Months of 2022 Highlights
"I am very happy to return to the CEO position. In the third quarter, thanks to product and operational enhancements, we delivered good financial results and made solid progress across all business lines." commented Yan Tang, Chairman and CEO of Hello Group. "Such progress on the business front, coupled with the efforts to improve cost efficiency, allowed us to see meaningful bottom line improvement on a sequential basis. I am very proud of the execution capabilities that the team demonstrated in such a challenging environment."
Third Quarter of 2022 Financial Results
Total net revenues were RMB3,233.0 million (US$454.5 million) in the third quarter of 2022, a decrease of 14.0% from RMB3,759.2 million in the third quarter of 2021.
Live video service revenues were RMB1,657.5 million (US$233.0 million) in the third quarter of 2022, a decrease of 23.5% from RMB2,166.7 million during the same period of 2021. The decrease was primarily attributable to COVID related consumption softness and regulatory changes, and to a lesser extent, Tantan's product adjustment to improve user experience in September last year and negative impact of pandemic resurgence and channel investment reduction.
Value-added service revenues mainly include virtual gift revenues and membership subscription revenues. Total value-added service revenues were RMB1,537.7 million (US$216.2 million) in the third quarter of 2022, an increase of 0.3% from RMB1,533.3 million during the same period of 2021. The year-over-year increase was primarily attributable to the rapid revenue growth from the new standalone apps. The increase was partially offset by the decrease in Tantan's value-added service due to the demonetization process to improve user experience and retention, as well as the negative impact of COVID and the reduction of channel investments on Tantan's user growth and paying conversion.
Mobile marketing revenues were RMB28.2 million (US$4.0 million) in the third quarter of 2022, a decrease of 34.8% from RMB43.3 million during the same period of 2021. The decrease in mobile marketing revenues was due to the negative impact of macro headwind on client's advertising budget.
Mobile games revenues were RMB7.7 million (US$1.1 million) in the third quarter of 2022, a decrease of 4.1% from RMB8.1 million in the third quarter of 2021. The decrease in mobile game revenues was mainly due to the decrease in paying users of mobile games.
Net revenues from the Momo segment decreased from RMB3,246.3 million in the third quarter of 2021 to RMB2,891.0 million (US$406.4 million) in the third quarter of 2022, primarily due to the decrease in net revenues from live video service. Net revenues from the Tantan segment decreased from RMB510.7 million in the third quarter of 2021 to RMB341.3 million (US$48.0 million) in the third quarter of 2022, due to our demonetization strategy to improve user experience, as well as the negative impact of COVID and the reduction of channel investments on Tantan's user growth and paying conversion.
Cost and expenses
Cost and expenses were RMB2,734.2 million (US$384.4 million) in the third quarter of 2022, a decrease of 17.6% from RMB3,319.9 million in the third quarter of 2021. The decrease was primarily attributable to: (a) a decrease in revenue sharing with broadcasters related to Momo's core live video service and Tantan's live video service, which was partially offset by an increase in revenue sharing with virtual gift recipients for our virtual gift service; (b) a decrease in sales and marketing expenses due to our initiatives to control cost and optimize Tantan's channel marketing strategy; (c) a decrease in salary expenses and share-based compensation expenses, due to our continuous optimization in personnel costs since the beginning of the year and the decreased fair value of the share options new grants; (d) no production cost from television program and film compared to the third quarter of 2021; and (e) a decrease in depreciation and amortization cost due to the impairment of intangible assets in 2021.
Non-GAAP cost and expenses (note 1) were RMB2,649.2 million (US$372.4 million) in the third quarter of 2022, a decrease of 15.7% from RMB3,143.2 million during the same period of 2021.
Income from operations
Income from operations was RMB520.1 million (US$73.1 million) in the third quarter of 2022, compared to RMB460.5 million during the same period of 2021. Income from operations of the Momo segment was RMB569.4 million (US$80.0 million) in the third quarter of 2022, which decreased from RMB676.5 million in the third quarter of 2021. Loss from operations of the Tantan segment was RMB44.5 million (US$6.2 million) in the third quarter of 2022, compared to loss from operations of RMB179.8 million in the third quarter of 2021.
Non-GAAP income from operations (note 1) was RMB605.1 million (US$85.1 million) in the third quarter of 2022, compared to RMB637.2 million during the same period of 2021. Non-GAAP income from operations of the Momo segment was RMB648.2 million (US$91.1 million) in the third quarter of 2022, which decreased from RMB786.3 million in the third quarter of 2021. Non-GAAP loss from operations of the Tantan segment was RMB38.3 million (US$5.4 million) in the third quarter of 2022, compared to non-GAAP loss from operations of RMB112.9 million in the third quarter of 2021.
Other gain or loss, net
Other gain was RMB40.4 million (US$5.7 million) in the third quarter of 2022, which mainly resulted from the Company's repurchase of its convertible senior notes from certain bond holders in the third quarter of 2022, partially offset by impairment loss on other long-term investments.
Income tax expenses
Income tax expenses were RMB156.0 million (US$21.9 million) in the third quarter of 2022, compared to RMB143.2 million in the third quarter of 2021. The increase was primarily due to the fact that in the third quarter of 2022, we accrued withholding income tax of RMB42.9 million (US$6.0 million) on undistributed earnings generated in the third quarter of 2022 by our wholly-foreign owned enterprise ("WFOE"), because we plan to remit WFOE's earnings to its offshore parent company in the foreseeable future to fund its demand for US dollars in business operations, payments of dividends and debts, potential investments, share repurchase plan, etc.
Net income was RMB449.9 million (US$63.2 million) in the third quarter of 2022, compared to RMB395.9 million during the same period of 2021. Net income from the Momo segment was RMB499.6 million (US$70.2 million) in the third quarter of 2022, compared to RMB611.1 million in the same period of 2021. Net loss from the Tantan segment was RMB45.0 million (US$6.3 million) in the third quarter of 2022, compared to net loss of RMB179.0 million in the third quarter of 2021.
Non-GAAP net income (note 1) was RMB534.8 million (US$75.2 million) in the third quarter of 2022, compared to RMB564.3 million during the same period of 2021. Non-GAAP net income from the Momo segment was RMB578.4 million (US$81.3 million) in the third quarter of 2022, which decreased from RMB720.9 million in the third quarter of 2021. Non-GAAP net loss of the Tantan segment was RMB38.8 million (US$5.5 million) in the third quarter of 2022, compared to non-GAAP net loss of RMB120.5 million in the third quarter of 2021.
Net income attributable to Hello Group Inc.
Net income attributable to Hello Group Inc. was RMB450.8 million (US$63.4 million) in the third quarter of 2022, compared to a net income of RMB403.2 million during the same period of 2021.
Non-GAAP net income (note 1) attributable to Hello Group Inc. was RMB535.8 million (US$75.3 million) in the third quarter of 2022, compared to RMB571.6 million during the same period of 2021.
Net income per ADS
Diluted net income per ADS was RMB2.20 (US$0.31) in the third quarter of 2022, compared to RMB1.93 in the third quarter of 2021.
Non-GAAP diluted net income per ADS (note 1) was RMB2.60 (US$0.37) in the third quarter of 2022, compared to RMB2.70 in the third quarter of 2021.
Cash and cash flow
As of September 30, 2022, the Company's cash, cash equivalents, short-term deposits, long-term deposits, short-term restricted cash and long-term restricted cash totaled RMB13,021.3 million (US$1,830.5 million), compared to RMB15,707.0 million as of December 31, 2021. The decrease was due to a number of cash outflow items, including our cash dividend payment of RMB841.0 million (US$118.2 million) to shareholders; an aggregate payment of RMB2,137.0 million (US$300.4 million) for the repurchase of the company's convertible notes; an aggregate of RMB287.7 million (US$40.4 million) in relation to the share repurchase program; and RMB300.0 million (US$42.2 million) payment to Chinese tax authorities to repatriate cash from our WOFE in China to our offshore entity in the first nine months of 2022.
Net cash provided by operating activities in the third quarter of 2022 was RMB444.5 million (US$62.5 million), compared to RMB559.9 million in the third quarter of 2021.
First Nine Months of 2022 Financial Results
Net revenues for the first nine months of 2022 were RMB9,491.5 million (US$1,334.3 million), a decrease of 12.9% from RMB10,901.5 million in the same period of 2021.
Net income attributable to Hello Group Inc. was RMB1,086.3 million (US$152.7 million) for the first nine months of 2022, compared to RMB1,329.0 million during the same period of 2021.
Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB1,397.8 million (US$196.5 million) for the first nine months of 2022, compared to RMB1,756.2 million during the same period of 2021.
Diluted net income per ADS was RMB5.30 (US$0.75) during the first nine months of 2022, compared to RMB6.22 in the same period of 2021.
Non-GAAP diluted net income per ADS (note 1) was RMB6.75 (US$0.95) during the first nine months of 2022, compared to RMB8.14 in the same period of 2021.
Net cash provided by operating activities was RMB688.2 million (US$96.7 million) during the first nine months of 2022, compared to RMB893.7 million in the same period of 2021.
Recent Development
Execution of share repurchase program
On June 7, 2022, Hello Group's board of directors authorized a share repurchase program under which the Company may repurchase up to US$200 million of its shares over the next 24 months. As of December 8, 2022, the Company has repurchased 12.0 million ADSs for US$56.7 million on the open market under this program, at an average purchase price of US$4.71 per ADS.
Business Outlook
For the fourth quarter of 2022, the Company expects total net revenues to be between RMB3.15 billion to RMB3.25 billion, representing a decrease of 14.3% to 11.5% year-over-year. This forecast reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change, particularly as to the potential impact of the COVID-19 resurgence on the Chinese and global economies, as well as on users' paying capabilities.
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, impairment loss on goodwill and intangible assets, 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.
Our non-GAAP information (including non-GAAP cost and operating expenses, income (loss) from operations, net income (loss), net income (loss) attributable to Hello Group Inc., and diluted net income per ADS) is adjusted from the most comparable GAAP results to exclude share-based compensation, impairment loss on goodwill and intangible assets, 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, impairment loss on goodwill and intangible assets, 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 Thursday, December 8, 2022, at 8:00 a.m. U.S. Eastern Time (9:00 p.m. Beijing / Hong Kong Time on December 8, 2022).
Participants can register for the conference call by navigating to:
https://s1.c-conf.com/diamondpass/10027148-ghj92l.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 15, 2022. The dial-in details for the replay are as follows:
U.S. / Canada: 1-855-883-1031Hong Kong: 800-930-639Passcode: 10027148
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 China's online social and entertainment 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. We also operate a number of other applications to serve different social and entertainment demands from our users.
For investor and media inquiries, please contact:
Hello Group Inc.
Investor Relations Phone: +86-10-5731-0538Email: [email protected]
In ChinaMr. Eric Yuan Phone: +86-10-5900-1548 E-mail: [email protected]
Ms. Linda BergkampPhone: +1-480-614-3004 Email: [email protected]
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 2022, 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 2022 are preliminary, unaudited and subject to audit adjustment. In addition, we may not meet our financial outlook for the fourth quarter of 2022 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 impact of the COVID-19 pandemic on the Company's business operations and the economy in China, 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.
Hello Group Inc. |
|||||||||||
Unaudited Condensed Consolidated Statement of Operations |
|||||||||||
(All amounts in thousands, except share and per share data) |
|||||||||||
Three months |
First nine months |
||||||||||
Ended September 30 |
Ended September 30 |
||||||||||
2021 |
2022 |
2022 |
2021 |
2022 |
2022 |
||||||
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
||||||
Net revenues: |
|||||||||||
Live video service |
2,166,733 |
1,657,531 |
233,012 |
6,230,160 |
4,786,232 |
672,838 |
|||||
Value-added service |
1,533,288 |
1,537,666 |
216,162 |
4,496,059 |
4,557,481 |
640,681 |
|||||
Mobile marketing |
43,323 |
28,243 |
3,970 |
133,641 |
92,029 |
12,937 |
|||||
Mobile games |
8,052 |
7,719 |
1,085 |
28,418 |
50,416 |
7,087 |
|||||
Other services |
7,784 |
1,862 |
262 |
13,212 |
5,356 |
753 |
|||||
Total net revenues |
3,759,180 |
3,233,021 |
454,491 |
10,901,490 |
9,491,514 |
1,334,296 |
|||||
Cost and expenses: |
|||||||||||
Cost of revenues |
(2,183,337) |
(1,886,135) |
(265,149) |
(6,191,911) |
(5,505,369) |
(773,933) |
|||||
Research and development |
(260,939) |
(245,105) |
(34,456) |
(815,757) |
(733,562) |
(103,123) |
|||||
Sales and marketing |
(680,896) |
(467,012) |
(65,652) |
(1,944,705) |
(1,666,542) |
(234,279) |
|||||
General and administrative |
(194,734) |
(135,933) |
(19,109) |
(459,443) |
(453,514) |
(63,754) |
|||||
Total cost and expenses |
(3,319,906) |
(2,734,185) |
(384,366) |
(9,411,816) |
(8,358,987) |
(1,175,089) |
|||||
Other operating income |
21,221 |
21,289 |
2,993 |
137,389 |
85,790 |
12,060 |
|||||
Income from operations |
460,495 |
520,125 |
73,118 |
1,627,063 |
1,218,317 |
171,267 |
|||||
Interest income |
93,564 |
89,274 |
12,550 |
284,706 |
280,761 |
39,469 |
|||||
Interest expense |
(18,669) |
(25,010) |
(3,516) |
(55,332) |
(72,575) |
(10,202) |
|||||
Other gain or loss, net |
- |
40,403 |
5,680 |
(18,000) |
118,325 |
16,634 |
|||||
Income before income tax and share of income on equity method investments |
535,390 |
624,792 |
87,832 |
1,838,437 |
1,544,828 |
217,168 |
|||||
Income tax expenses |
(143,158) |
(156,041) |
(21,936) |
(526,065) |
(452,860) |
(63,662) |
|||||
Income before share of income on equity method investments |
392,232 |
468,751 |
65,896 |
1,312,372 |
1,091,968 |
153,506 |
|||||
Share of income (loss) on equity method investments |
3,658 |
(18,880) |
(2,654) |
5,961 |
(8,967) |
(1,261) |
|||||
Net income |
395,890 |
449,871 |
63,242 |
1,318,333 |
1,083,001 |
152,245 |
|||||
Less: net loss attributable to non- controlling interest |
(7,301) |
(964) |
(136) |
(10,677) |
(3,288) |
(462) |
|||||
Net income attributable to the shareholders of Hello Group Inc. |
403,191 |
450,835 |
63,378 |
1,329,010 |
1,086,289 |
152,707 |
|||||
Net income per share attributable to ordinary shareholders |
|||||||||||
Basic |
1.01 |
1.15 |
0.16 |
3.26 |
2.75 |
0.39 |
|||||
Diluted |
0.96 |
1.1 |
0.15 |
3.11 |
2.65 |
0.37 |
|||||
Weighted average shares used in calculating net income per ordinary share |
|||||||||||
Basic |
400,835,428 |
391,027,485 |
391,027,485 |
408,074,205 |
394,333,009 |
394,333,009 |
|||||
Diluted |
437,639,164 |
423,608,050 |
423,608,050 |
444,906,615 |
429,765,849 |
429,765,849 |
|||||
Hello Group Inc. |
|||||||||||
Unaudited Condensed Consolidated Statement of Comprehensive Income |
|||||||||||
(All amounts in thousands, except share and per share data) |
|||||||||||
Three months |
First nine months |
||||||||||
Ended September 30 |
Ended September 30 |
||||||||||
2021 |
2022 |
2022 |
2021 |
2022 |
2022 |
||||||
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
||||||
Net income |
395,890 |
449,871 |
63,242 |
1,318,333 |
1,083,001 |
152,245 |
|||||
Other comprehensive income (loss), net of tax: |
|||||||||||
Foreign currency translation adjustment |
368 |
(188,343) |
(26,477) |
(31,830) |
(328,832) |
(46,226) |
|||||
Comprehensive income |
396,258 |
261,528 |
36,765 |
1,286,503 |
754,169 |
106,019 |
|||||
Less: comprehensive (loss) income attributed to the non- controlling interest |
(7,540) |
10,831 |
1,523 |
(13,323) |
17,710 |
2,490 |
|||||
Comprehensive income attributable to Hello Group Inc. |
403,798 |
250,697 |
35,242 |
1,299,826 |
736,459 |
103,529 |
|||||
Hello Group Inc. |
|||||
Unaudited Condensed Consolidated Balance Sheets |
|||||
(All amounts in thousands, except share and per share data) |
|||||
December 31 |
September 30 |
September 30 |
|||
2021 |
2022 |
2022 |
|||
RMB |
RMB |
US$ |
|||
Assets |
|||||
Current assets |
|||||
Cash and cash equivalents |
5,570,563 |
3,435,616 |
482,971 |
||
Short-term deposits |
2,860,000 |
5,900,000 |
829,409 |
||
Restricted cash |
- |
100,327 |
14,104 |
||
Accounts receivable, net of allowance for doubtful accounts of RMB15,127 and RMB5,945 as of December 31, 2021 and September 30, 2022, respectively |
205,225 |
194,344 |
27,320 |
||
Prepaid expenses and other current assets |
775,072 |
877,348 |
123,336 |
||
Total current assets |
9,410,860 |
10,507,635 |
1,477,140 |
||
Long-term deposits |
7,200,000 |
3,500,000 |
492,022 |
||
Long-term restricted cash |
76,471 |
85,362 |
12,000 |
||
Right-of-use assets, net |
257,934 |
142,492 |
20,031 |
||
Property and equipment, net |
180,664 |
186,949 |
26,281 |
||
Intangible assets, net |
27,320 |
23,482 |
3,301 |
||
Rental deposits |
19,204 |
20,737 |
2,915 |
||
Long-term investments |
820,006 |
863,452 |
121,382 |
||
Other non-current assets |
83,930 |
119,620 |
16,816 |
||
Deferred tax assets |
34,849 |
35,836 |
5,038 |
||
Total assets |
18,111,238 |
15,485,565 |
2,176,926 |
||
Liabilities and equity |
|||||
Current liabilities |
|||||
Accounts payable |
726,207 |
622,980 |
87,576 |
||
Deferred revenue |
539,967 |
467,763 |
65,757 |
||
Accrued expenses and other current liabilities |
911,050 |
664,867 |
93,466 |
||
Amount due to related parties |
5,016 |
9,443 |
1,327 |
||
Lease liabilities due within one year |
162,950 |
102,585 |
14,421 |
||
Income tax payable |
125,773 |
74,848 |
10,522 |
||
Deferred consideration in connection with business acquisitions |
44,802 |
27,313 |
3,840 |
||
Convertible Senior Notes-current |
- |
2,726,763 |
383,322 |
||
Total current liabilities |
2,515,765 |
4,696,562 |
660,231 |
||
Deferred tax liabilities |
213,384 |
37,635 |
5,291 |
||
Convertible senior notes |
4,565,292 |
- |
- |
||
Lease liabilities |
103,105 |
42,578 |
5,986 |
||
Other non-current liabilities |
128,095 |
114,577 |
16,107 |
||
Total liabilities |
7,525,641 |
4,891,352 |
687,615 |
||
Shareholder's equity (i) |
10,585,597 |
10,594,213 |
1,489,311 |
||
Total liabilities and shareholder's equity |
18,111,238 |
15,485,565 |
2,176,926 |
||
(i): As of September 30, 2022, the number of ordinary shares outstanding was 385,309,239. |
|||||
Hello Group Inc. |
|||||||||||
Unaudited Condensed Consolidated Statement of Cash Flows |
|||||||||||
(All amounts in thousands, except share and per share data) |
|||||||||||
Three months |
First nine months |
||||||||||
Ended September 30 |
Ended September 30 |
||||||||||
2021 |
2022 |
2022 |
2021 |
2022 |
2022 |
||||||
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
||||||
Cash flows from operating activities: |
|||||||||||
Net income |
395,890 |
449,871 |
63,242 |
1,318,333 |
1,083,001 |
152,245 |
|||||
Adjustments to reconcile net income to net cash provided by operating activities: |
|||||||||||
Depreciation of property and equipment |
38,696 |
27,047 |
3,802 |
121,311 |
83,107 |
11,683 |
|||||
Amortization of intangible assets |
34,722 |
1,279 |
180 |
107,783 |
3,837 |
539 |
|||||
Share-based compensation |
143,280 |
84,976 |
11,945 |
349,195 |
311,540 |
43,797 |
|||||
Share of income (loss) on equity method investments |
(3,658) |
18,880 |
2,654 |
(5,961) |
8,967 |
1,261 |
|||||
Gain on repurchase of convertible senior notes |
- |
(51,653) |
(7,261) |
- |
(129,575) |
(18,215) |
|||||
Loss on long-term investments |
- |
11,250 |
1,581 |
18,000 |
11,250 |
1,581 |
|||||
Gain on disposal of subsidiaries |
- |
- |
- |
(15,526) |
- |
- |
|||||
Cash received on distributions from equity method investments |
- |
- |
- |
- |
1,708 |
240 |
|||||
Loss or gain on disposal of property and equipment |
2,351 |
(923) |
(130) |
1,272 |
(783) |
(110) |
|||||
Provision of losses on receivable and other assets |
(322) |
(820) |
(115) |
242 |
(453) |
(64) |
|||||
Changes in operating assets and liabilities: |
|||||||||||
Accounts receivable |
(1,616) |
22,973 |
3,229 |
(24,358) |
15,695 |
2,206 |
|||||
Prepaid expenses and other current assets |
(85,048) |
41,418 |
5,822 |
(203,666) |
(16,144) |
(2,269) |
|||||
Rental deposits |
(922) |
716 |
101 |
(1,514) |
1,399 |
197 |
|||||
Deferred tax assets |
(782) |
590 |
83 |
(2,016) |
(986) |
(139) |
|||||
Other non-current assets |
(57,100) |
16,130 |
2,268 |
(8,050) |
76,820 |
10,799 |
|||||
Accounts payable |
(28,400) |
(438) |
(62) |
19,422 |
(106,392) |
(14,956) |
|||||
Income tax payable |
24,947 |
(15,635) |
(2,198) |
(71,431) |
(50,923) |
(7,159) |
|||||
Deferred revenue |
9,369 |
(19,356) |
(2,721) |
25,454 |
(73,891) |
(10,387) |
|||||
Accrued expenses and other current liabilities |
56,954 |
(108,513) |
(15,255) |
(38,829) |
(304,346) |
(42,784) |
|||||
Amount due to related parties |
1,860 |
7,824 |
1,100 |
(4,696) |
4,427 |
622 |
|||||
Deferred tax liabilities |
(8,676) |
(14,425) |
(2,028) |
(26,941) |
(171,752) |
(24,145) |
|||||
Share-based compensation liability |
- |
- |
- |
(678,153) |
- |
- |
|||||
Other non-current liabilities |
38,335 |
(26,655) |
(3,747) |
13,818 |
(58,311) |
(8,197) |
|||||
Net cash provided by operating activities |
559,880 |
444,536 |
62,490 |
893,689 |
688,195 |
96,745 |
|||||
Cash flows from investing activities: |
|||||||||||
Purchase of property and equipment |
(30,919) |
(27,051) |
(3,803) |
(76,122) |
(70,392) |
(9,896) |
|||||
Payment for long-term investments |
- |
- |
- |
(300,000) |
(55,343) |
(7,780) |
|||||
Purchase of short-term deposits |
(2,100,000) |
(1,700,000) |
(238,982) |
(4,576,688) |
(1,700,000) |
(238,982) |
|||||
Cash received on maturity of short-term deposits |
3,458,658 |
2,700,000 |
379,560 |
6,117,570 |
3,710,000 |
521,544 |
|||||
Cash received on investment income distribution |
- |
- |
- |
5,610 |
3,523 |
495 |
|||||
Cash of disposed subsidiaries |
- |
- |
- |
(8,750) |
- |
- |
|||||
Purchase of long-term deposits |
- |
(1,000,000) |
(140,578) |
(250,000) |
(2,550,000) |
(358,473) |
|||||
Cash received on maturity of long-term deposits |
- |
- |
- |
- |
1,200,000 |
168,693 |
|||||
Other investing activities |
13 |
2,781 |
391 |
2,406 |
3,103 |
436 |
|||||
Net cash provided by (used in) investing activities |
1,327,752 |
(24,270) |
(3,412) |
914,026 |
540,891 |
76,037 |
|||||
Cash flows from financing activities: |
|||||||||||
Deferred payment for business acquisition |
- |
(15,858) |
(2,229) |
(12,907) |
(21,421) |
(3,011) |
|||||
Proceeds from exercise of share options |
461 |
18 |
3 |
771 |
51 |
7 |
|||||
Payment in relation to the share repurchase program |
(756,714) |
(285,355) |
(40,115) |
(862,865) |
(287,690) |
(40,443) |
|||||
Repurchase of subsidiary's share options |
(48,489) |
(14,330) |
(2,014) |
(54,050) |
(39,867) |
(5,604) |
|||||
Dividends payment |
- |
- |
- |
(852,743) |
(840,997) |
(118,225) |
|||||
Payment for redemption of convertible bonds |
- |
(1,024,443) |
(144,014) |
- |
(2,136,987) |
(300,413) |
|||||
Net cash used in financing activities |
(804,742) |
(1,339,968) |
(188,369) |
(1,781,794) |
(3,326,911) |
(467,689) |
|||||
Effect of exchange rate changes |
(3,661) |
(6,190) |
(869) |
(28,697) |
72,096 |
10,135 |
|||||
Net increase (decrease) in cash and cash equivalents |
1,079,229 |
(925,892) |
(130,160) |
(2,776) |
(2,025,729) |
(284,772) |
|||||
Cash, cash equivalents and restricted cash at the beginning of period |
2,284,067 |
4,547,197 |
639,235 |
3,366,072 |
5,647,034 |
793,847 |
|||||
Cash, cash equivalents and restricted cash at the end of period |
3,363,296 |
3,621,305 |
509,075 |
3,363,296 |
3,621,305 |
509,075 |
|||||
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 GAAP measures. |
||||||||||||
Three months |
Three months |
Three months |
|||||||||||
Ended September 30, 2021 |
Ended September 30, 2022 |
Ended September 30, 2022 |
|||||||||||
GAAP |
Amortization of intangible assets from business acquisitions |
Share-based compensation |
Tax impacts |
Non-GAAP |
GAAP |
Share-based compensation |
Non-GAAP |
GAAP |
Share-based compensation |
Non-GAAP |
|||
(ii) |
|||||||||||||
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
US$ |
US$ |
|||
Cost of revenues |
(2,183,337) |
17,286 |
6,623 |
- |
(2,159,428) |
(1,886,135) |
1,496 |
(1,884,639) |
(265,149) |
210 |
(264,939) |
||
Research and development |
(260,939) |
- |
29,094 |
- |
(231,845) |
(245,105) |
21,713 |
(223,392) |
(34,456) |
3,052 |
(31,404) |
||
Sales and marketing |
(680,896) |
16,165 |
27,653 |
- |
(637,078) |
(467,012) |
8,453 |
(458,559) |
(65,652) |
1,188 |
(64,464) |
||
General and administrative |
(194,734) |
- |
79,910 |
- |
(114,824) |
(135,933) |
53,314 |
(82,619) |
(19,109) |
7,495 |
(11,614) |
||
Cost and operating expenses |
(3,319,906) |
33,451 |
143,280 |
- |
(3,143,175) |
(2,734,185) |
84,976 |
(2,649,209) |
(384,366) |
11,945 |
(372,421) |
||
Income from operations |
460,495 |
33,451 |
143,280 |
- |
637,226 |
520,125 |
84,976 |
605,101 |
73,118 |
11,945 |
85,063 |
||
Net income attributable to Hello Group Inc. |
403,191 |
33,451 |
143,280 |
(8,363) |
571,559 |
450,835 |
84,976 |
535,811 |
63,378 |
11,945 |
75,323 |
||
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 GAAP measures-continued. |
||||||||||||||
First nine months |
First nine months |
First nine months |
|||||||||||||
Ended September 30, 2021 |
Ended September 30, 2022 |
Ended September 30, 2022 |
|||||||||||||
GAAP |
Amortization of intangible assets from business acquisitions |
Share-based compensation |
Tax impacts |
Non-GAAP |
GAAP |
Share-based compensation |
Non-GAAP |
GAAP |
Share-based compensation |
Non-GAAP |
|||||
(ii) |
|||||||||||||||
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
US$ |
US$ |
|||||
Cost of revenues |
(6,191,911) |
51,853 |
14,548 |
- |
(6,125,510) |
(5,505,369) |
12,488 |
(5,492,881) |
(773,933) |
1,756 |
(772,177) |
||||
Research and development |
(815,757) |
3,660 |
103,268 |
- |
(708,829) |
(733,562) |
66,652 |
(666,910) |
(103,123) |
9,370 |
(93,753) |
||||
Sales and marketing |
(1,944,705) |
48,491 |
59,797 |
- |
(1,836,417) |
(1,666,542) |
29,952 |
(1,636,590) |
(234,279) |
4,211 |
(230,068) |
||||
General and administrative |
(459,443) |
- |
171,582 |
- |
(287,861) |
(453,514) |
202,448 |
(251,066) |
(63,754) |
28,460 |
(35,294) |
||||
Cost and operating expenses |
(9,411,816) |
104,004 |
349,195 |
- |
(8,958,617) |
(8,358,987) |
311,540 |
(8,047,447) |
(1,175,089) |
43,797 |
(1,131,292) |
||||
Income from operations |
1,627,063 |
104,004 |
349,195 |
- |
2,080,262 |
1,218,317 |
311,540 |
1,529,857 |
171,267 |
43,797 |
215,064 |
||||
Net income attributable to Hello Group Inc. |
1,329,010 |
104,004 |
349,195 |
(26,002) |
1,756,207 |
1,086,289 |
311,540 |
1,397,829 |
152,707 |
43,797 |
196,504 |
||||
(ii) Includes tax impacts related to the amortization of intangible assets from business acquisition. |
|||||||||||||||
Hello Group Inc. |
|||||||||
Unaudited Condensed Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Three months |
|||||||||
Ended September 30, 2022 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Net revenues: |
|||||||||
Live video service |
1,517,872 |
139,659 |
- |
1,657,531 |
233,012 |
||||
Value-added service |
1,336,050 |
201,616 |
- |
1,537,666 |
216,162 |
||||
Mobile marketing |
28,243 |
- |
- |
28,243 |
3,970 |
||||
Mobile games |
7,719 |
- |
- |
7,719 |
1,085 |
||||
Other services |
1,126 |
- |
736 |
1,862 |
262 |
||||
Total net revenues |
2,891,010 |
341,275 |
736 |
3,233,021 |
454,491 |
||||
Cost and expenses (iii): |
|||||||||
Cost of revenues |
(1,704,934) |
(180,277) |
(924) |
(1,886,135) |
(265,149) |
||||
Research and development |
(176,727) |
(68,378) |
- |
(245,105) |
(34,456) |
||||
Sales and marketing |
(335,350) |
(130,222) |
(1,440) |
(467,012) |
(65,652) |
||||
General and administrative |
(124,184) |
(8,574) |
(3,175) |
(135,933) |
(19,109) |
||||
Total cost and expenses |
(2,341,195) |
(387,451) |
(5,539) |
(2,734,185) |
(384,366) |
||||
Other operating income |
19,563 |
1,722 |
4 |
21,289 |
2,993 |
||||
Income (loss) from operations |
569,378 |
(44,454) |
(4,799) |
520,125 |
73,118 |
||||
Interest income |
89,003 |
187 |
84 |
89,274 |
12,550 |
||||
Interest expense |
(25,010) |
- |
- |
(25,010) |
(3,516) |
||||
Other gain or loss, net |
40,403 |
- |
- |
40,403 |
5,680 |
||||
Income (loss) before income tax and share of income on equity method investments |
673,774 |
(44,267) |
(4,715) |
624,792 |
87,832 |
||||
Income tax expenses |
(155,328) |
(713) |
- |
(156,041) |
(21,936) |
||||
Income (loss) before share of income on equity method investments |
518,446 |
(44,980) |
(4,715) |
468,751 |
65,896 |
||||
Share of loss on equity method investments |
(18,880) |
- |
- |
(18,880) |
(2,654) |
||||
Net income (loss) |
499,566 |
(44,980) |
(4,715) |
449,871 |
63,242 |
||||
(iii) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||
Three months |
|||||||||
Ended September 30, 2022 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Cost of revenues |
1,478 |
18 |
- |
1,496 |
210 |
||||
Research and development |
15,640 |
6,073 |
- |
21,713 |
3,052 |
||||
Sales and marketing |
8,446 |
7 |
- |
8,453 |
1,188 |
||||
General and administrative |
53,272 |
42 |
- |
53,314 |
7,495 |
||||
Total cost and expenses |
78,836 |
6,140 |
- |
84,976 |
11,945 |
||||
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 months |
|||||||||
Ended September 30, 2022 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Income (loss) from operations |
569,378 |
(44,454) |
(4,799) |
520,125 |
73,118 |
||||
Share-based compensation |
78,836 |
6,140 |
- |
84,976 |
11,945 |
||||
Non-GAAP income (loss) from operations |
648,214 |
(38,314) |
(4,799) |
605,101 |
85,063 |
||||
Net income (loss) |
499,566 |
(44,980) |
(4,715) |
449,871 |
63,242 |
||||
Share-based compensation |
78,836 |
6,140 |
- |
84,976 |
11,945 |
||||
Non-GAAP net income (loss) |
578,402 |
(38,840) |
(4,715) |
534,847 |
75,187 |
||||
Hello Group Inc. |
|||||||||
Unaudited Condensed Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Three months |
|||||||||
Ended September 30, 2021 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$[1] |
|||||
Net revenues: |
|||||||||
Live video service |
1,932,141 |
234,592 |
- |
2,166,733 |
336,272 |
||||
Value-added service |
1,257,158 |
276,130 |
- |
1,533,288 |
237,962 |
||||
Mobile marketing |
43,323 |
- |
- |
43,323 |
6,724 |
||||
Mobile games |
8,052 |
- |
- |
8,052 |
1,250 |
||||
Other services |
5,589 |
- |
2,195 |
7,784 |
1,208 |
||||
Total net revenues |
3,246,263 |
510,722 |
2,195 |
3,759,180 |
583,416 |
||||
Cost and expenses (iv): |
|||||||||
Cost of revenues |
(1,884,931) |
(269,376) |
(29,030) |
(2,183,337) |
(338,849) |
||||
Research and development |
(194,475) |
(66,464) |
- |
(260,939) |
(40,497) |
||||
Sales and marketing |
(336,691) |
(341,636) |
(2,569) |
(680,896) |
(105,673) |
||||
General and administrative |
(171,609) |
(16,321) |
(6,804) |
(194,734) |
(30,222) |
||||
Total cost and expenses |
(2,587,706) |
(693,797) |
(38,403) |
(3,319,906) |
(515,241) |
||||
Other operating income |
17,946 |
3,270 |
5 |
21,221 |
3,293 |
||||
Income (loss) from operations |
676,503 |
(179,805) |
(36,203) |
460,495 |
71,468 |
||||
Interest income |
93,174 |
356 |
34 |
93,564 |
14,521 |
||||
Interest expense |
(18,669) |
- |
- |
(18,669) |
(2,897) |
||||
Income (loss) before income tax and share of income on equity method investments |
751,008 |
(179,449) |
(36,169) |
535,390 |
83,092 |
||||
Income tax (expenses) benefits |
(143,562) |
404 |
- |
(143,158) |
(22,218) |
||||
Income (loss) before share of income on equity method investments |
607,446 |
(179,045) |
(36,169) |
392,232 |
60,874 |
||||
Share of income on equity method investments |
3,658 |
- |
- |
3,658 |
568 |
||||
Net income (loss) |
611,104 |
(179,045) |
(36,169) |
395,890 |
61,442 |
||||
(iv) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||
Three months |
|||||||||
Ended September 30, 2021 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Cost of revenues |
2,847 |
3,776 |
- |
6,623 |
1,028 |
||||
Research and development |
18,071 |
11,023 |
- |
29,094 |
4,515 |
||||
Sales and marketing |
11,280 |
16,373 |
- |
27,653 |
4,292 |
||||
General and administrative |
77,616 |
2,294 |
- |
79,910 |
12,402 |
||||
Total cost and expenses |
109,814 |
33,466 |
- |
143,280 |
22,237 |
||||
[1] All translations from RMB to U.S. dollars are made at a rate of RMB6.4434 to US$1.00, the effective noon buying rate for September 30, 2021 as set forth in the H.10 statistical release of the Federal Reserve Board. |
|||||||||
Hello Group Inc. |
|||||||||
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Three months |
|||||||||
Ended September 30, 2021 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Income (loss) from operations |
676,503 |
(179,805) |
(36,203) |
460,495 |
71,468 |
||||
Share-based compensation |
109,814 |
33,466 |
- |
143,280 |
22,237 |
||||
Amortization of intangible assets from business acquisitions |
- |
33,451 |
- |
33,451 |
5,192 |
||||
Non-GAAP income (loss) from operations |
786,317 |
(112,888) |
(36,203) |
637,226 |
98,897 |
||||
Net income (loss) |
611,104 |
(179,045) |
(36,169) |
395,890 |
61,442 |
||||
Share-based compensation |
109,814 |
33,466 |
- |
143,280 |
22,237 |
||||
Amortization of intangible assets from business acquisitions |
- |
33,451 |
- |
33,451 |
5,192 |
||||
Tax impacts |
- |
(8,363) |
- |
(8,363) |
(1,298) |
||||
Non-GAAP net income (loss) |
720,918 |
(120,491) |
(36,169) |
564,258 |
87,573 |
||||
Hello Group Inc. |
|||||||||
Unaudited Condensed Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
First nine months |
|||||||||
Ended September 30, 2022 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Net revenues: |
|||||||||
Live video service |
4,404,991 |
381,241 |
- |
4,786,232 |
672,838 |
||||
Value-added service |
3,917,609 |
639,872 |
- |
4,557,481 |
640,681 |
||||
Mobile marketing |
92,029 |
- |
- |
92,029 |
12,937 |
||||
Mobile games |
50,416 |
- |
- |
50,416 |
7,087 |
||||
Other services |
4,298 |
- |
1,058 |
5,356 |
753 |
||||
Total net revenues |
8,469,343 |
1,021,113 |
1,058 |
9,491,514 |
1,334,296 |
||||
Cost and expenses (v): |
|||||||||
Cost of revenues |
(4,981,345) |
(522,188) |
(1,836) |
(5,505,369) |
(773,933) |
||||
Research and development |
(536,640) |
(196,922) |
- |
(733,562) |
(103,123) |
||||
Sales and marketing |
(1,039,526) |
(623,680) |
(3,336) |
(1,666,542) |
(234,279) |
||||
General and administrative |
(415,954) |
(25,335) |
(12,225) |
(453,514) |
(63,754) |
||||
Total cost and expenses |
(6,973,465) |
(1,368,125) |
(17,397) |
(8,358,987) |
(1,175,089) |
||||
Other operating income |
76,253 |
9,491 |
46 |
85,790 |
12,060 |
||||
Income (loss) from operations |
1,572,131 |
(337,521) |
(16,293) |
1,218,317 |
171,267 |
||||
Interest income |
280,252 |
291 |
218 |
280,761 |
39,469 |
||||
Interest expense |
(72,575) |
- |
- |
(72,575) |
(10,202) |
||||
Other gain or loss, net |
118,325 |
- |
- |
118,325 |
16,634 |
||||
Income (loss) before income tax and share of income on equity method investments |
1,898,133 |
(337,230) |
(16,075) |
1,544,828 |
217,168 |
||||
Income tax expenses |
(451,061) |
(1,799) |
- |
(452,860) |
(63,662) |
||||
Income (loss) before share of income on equity method investments |
1,447,072 |
(339,029) |
(16,075) |
1,091,968 |
153,506 |
||||
Share of loss on equity method investments |
(8,967) |
- |
- |
(8,967) |
(1,261) |
||||
Net income (loss) |
1,438,105 |
(339,029) |
(16,075) |
1,083,001 |
152,245 |
||||
(v) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||
First nine months |
|||||||||
Ended September 30, 2022 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Cost of revenues |
5,477 |
7,011 |
- |
12,488 |
1,756 |
||||
Research and development |
51,752 |
14,900 |
- |
66,652 |
9,370 |
||||
Sales and marketing |
29,729 |
223 |
- |
29,952 |
4,211 |
||||
General and administrative |
202,319 |
129 |
- |
202,448 |
28,460 |
||||
Total cost and expenses |
289,277 |
22,263 |
- |
311,540 |
43,797 |
||||
Hello Group Inc. |
|||||||||
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
First nine months |
|||||||||
ended September 30, 2022 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Operating income (loss) |
1,572,131 |
(337,521) |
(16,293) |
1,218,317 |
171,267 |
||||
Share-based compensation |
289,277 |
22,263 |
- |
311,540 |
43,797 |
||||
Non-GAAP operating income (loss) |
1,861,408 |
(315,258) |
(16,293) |
1,529,857 |
215,064 |
||||
Net income (loss) |
1,438,105 |
(339,029) |
(16,075) |
1,083,001 |
152,245 |
||||
Share-based compensation |
289,277 |
22,263 |
- |
311,540 |
43,797 |
||||
Non-GAAP net income (loss) |
1,727,382 |
(316,766) |
(16,075) |
1,394,541 |
196,042 |
||||
Hello Group Inc. |
|||||||||
Unaudited Condensed Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
First nine months |
|||||||||
Ended September 30, 2021 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Net revenues: |
|||||||||
Live video service |
5,527,851 |
702,309 |
- |
6,230,160 |
966,906 |
||||
Value-added service |
3,606,393 |
889,666 |
- |
4,496,059 |
697,777 |
||||
Mobile marketing |
133,641 |
- |
- |
133,641 |
20,741 |
||||
Mobile games |
28,418 |
- |
- |
28,418 |
4,410 |
||||
Other services |
9,263 |
- |
3,949 |
13,212 |
2,051 |
||||
Total net revenues |
9,305,566 |
1,591,975 |
3,949 |
10,901,490 |
1,691,885 |
||||
Cost and expenses (vi): |
|||||||||
Cost of revenues |
(5,338,330) |
(816,562) |
(37,019) |
(6,191,911) |
(960,970) |
||||
Research and development |
(595,176) |
(220,581) |
- |
(815,757) |
(126,604) |
||||
Sales and marketing |
(1,042,458) |
(898,612) |
(3,635) |
(1,944,705) |
(301,813) |
||||
General and administrative |
(471,965) |
28,763 |
(16,241) |
(459,443) |
(71,304) |
||||
Total cost and expenses |
(7,447,929) |
(1,906,992) |
(56,895) |
(9,411,816) |
(1,460,691) |
||||
Other operating income |
103,352 |
34,006 |
31 |
137,389 |
21,322 |
||||
Income (loss) from operations |
1,960,989 |
(281,011) |
(52,915) |
1,627,063 |
252,516 |
||||
Interest income |
283,629 |
952 |
125 |
284,706 |
44,186 |
||||
Interest expense |
(55,332) |
- |
- |
(55,332) |
(8,587) |
||||
Other gain or loss, net |
(18,000) |
- |
- |
(18,000) |
(2,794) |
||||
Income (loss) before income tax and share of income on equity method investments |
2,171,286 |
(280,059) |
(52,790) |
1,838,437 |
285,321 |
||||
Income tax (expenses) benefits |
(533,508) |
7,443 |
- |
(526,065) |
(81,644) |
||||
Income (loss) before share of income on equity method investments |
1,637,778 |
(272,616) |
(52,790) |
1,312,372 |
203,677 |
||||
Share of income on equity method investments |
5,961 |
- |
- |
5,961 |
925 |
||||
Net income (loss) |
1,643,739 |
(272,616) |
(52,790) |
1,318,333 |
204,602 |
||||
(vi) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||
First nine months |
|||||||||
ended September 30, 2021 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Cost of revenues |
7,812 |
6,736 |
- |
14,548 |
2,258 |
||||
Research and development |
78,259 |
25,009 |
- |
103,268 |
16,027 |
||||
Sales and marketing |
37,157 |
22,640 |
- |
59,797 |
9,280 |
||||
General and administrative |
238,408 |
(66,826) |
- |
171,582 |
26,629 |
||||
Total cost and expenses |
361,636 |
(12,441) |
- |
349,195 |
54,194 |
||||
Hello Group Inc. |
|||||||||
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
First nine months |
|||||||||
ended September 30, 2021 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Operating income (loss) |
1,960,989 |
(281,011) |
(52,915) |
1,627,063 |
252,516 |
||||
Share-based compensation |
361,636 |
(12,441) |
- |
349,195 |
54,194 |
||||
Amortization of intangible assets from business acquisitions |
- |
104,004 |
- |
104,004 |
16,141 |
||||
Non-GAAP operating income (loss) |
2,322,625 |
(189,448) |
(52,915) |
2,080,262 |
322,851 |
||||
Net income (loss) |
1,643,739 |
(272,616) |
(52,790) |
1,318,333 |
204,602 |
||||
Share-based compensation |
361,636 |
(12,441) |
- |
349,195 |
54,194 |
||||
Amortization of intangible assets from business acquisitions |
- |
104,004 |
- |
104,004 |
16,141 |
||||
Tax impacts |
- |
(26,002) |
- |
(26,002) |
(4,035) |
||||
Non-GAAP net income (loss) |
2,005,375 |
(207,055) |
(52,790) |
1,745,530 |
270,902 |
||||
SOURCE Hello Group Inc.
ПЕКИН, 8 декабря 2022 г. /PRNewswire/ -- Hello Group Inc. (NASDAQ: Momo) ("Hello Group" или "Компания"), ведущая мобильная социальная и развлекательная платформа в Китае, сегодня объявила о своих неаудированных финансовых результатах за третий квартал 2022 года.
Основные моменты третьего квартала 2022 года
* This press release contains translations of certain Renminbi amounts into U.S. dollars at specified rates 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 RMB7.1135 to US$1.00, the effective noon buying rate for September 30, 2022 as set forth in the H.10 statistical release of the Federal Reserve Board. |
Основные моменты за первые девять месяцев 2022 года
"Я очень рад вернуться на должность генерального директора. В третьем квартале, благодаря усовершенствованиям продуктов и операционной деятельности, мы добились хороших финансовых результатов и значительного прогресса по всем направлениям бизнеса". прокомментировал Янь Тан, председатель и генеральный директор Hello Group. "Такой прогресс на бизнес-фронте в сочетании с усилиями по повышению экономической эффективности позволил нам последовательно добиваться значительного улучшения результатов. Я очень горжусь исполнительскими способностями, которые команда продемонстрировала в таких сложных условиях".
Финансовые результаты за третий квартал 2022 года
Общая чистая выручка составила 3 233,0 млн юаней (454,5 млн долларов США) в третьем квартале 2022 года, что на 14,0% меньше, чем 3 759,2 млн юаней в третьем квартале 2021 года.
Доходы от видеосервиса в прямом эфире составили 1 657,5 млн юаней (233,0 млн долларов США) в третьем квартале 2022 года, что на 23,5% меньше, чем 2 166,7 млн юаней за аналогичный период 2021 года. Снижение было в первую очередь связано с ослаблением потребления, связанным с COVID, и изменениями в регулировании, и в меньшей степени с корректировкой продукта Tantan для улучшения пользовательского опыта в сентябре прошлого года и негативным влиянием возобновления пандемии и сокращения инвестиций в каналы.
Доходы от услуг с добавленной стоимостью в основном включают доходы от виртуальных подарков и доходы от членской подписки. Общий доход от услуг с добавленной стоимостью составил 1 537,7 млн юаней (216,2 млн долларов США) в третьем квартале 2022 года, увеличившись на 0,3% по сравнению с 1 533,3 млн юаней за аналогичный период 2021 года. Рост по сравнению с предыдущим годом был в первую очередь обусловлен быстрым ростом выручки от новых автономных приложений. Увеличение было частично компенсировано снижением добавленной стоимости сервиса Tantan из-за процесса демонетизации для улучшения пользовательского опыта и удержания, а также негативного влияния COVID и сокращения инвестиций в канал на рост пользователей Tantan и конверсию платежей.
Доходы от мобильного маркетинга составили 28,2 млн юаней (4,0 млн долларов США) в третьем квартале 2022 года, что на 34,8% меньше, чем 43,3 млн юаней за аналогичный период 2021 года. Снижение доходов от мобильного маркетинга было связано с негативным влиянием встречного ветра на рекламный бюджет клиента.
Доходы от мобильных игр составили 7,7 млн юаней (1,1 млн долларов США) в третьем квартале 2022 года, что на 4,1% меньше, чем 8,1 млн юаней в третьем квартале 2021 года. Снижение доходов от мобильных игр произошло в основном из-за снижения числа платящих пользователей мобильных игр.
Чистая выручка от сегмента Momo снизилась с 3,246,3 млн юаней в третьем квартале 2021 года до 2,891,0 млн юаней (406,4 млн долларов США) в третьем квартале 2022 года, в основном из-за снижения чистой выручки от видеосервиса live. Чистая выручка от сегмента Tantan снизилась с 510,7 млн юаней в третьем квартале 2021 года до 341,3 млн юаней (48,0 млн долларов США) в третьем квартале 2022 года из-за нашей стратегии демонетизации для улучшения пользовательского опыта, а также негативного влияния COVID и сокращения инвестиций в канал о росте пользователей Tantan и конверсии платежей.
Стоимость и издержки
Затраты составили 2 734,2 млн юаней (384,4 млн долларов США) в третьем квартале 2022 года, что на 17,6% меньше, чем 3 319,9 млн юаней в третьем квартале 2021 года. Снижение было в основном связано с: (а) уменьшением доли доходов с вещательными компаниями, связанными с основным видеосервисом Momo в прямом эфире и видеосервисом Tantan в прямом эфире, что было частично компенсировано увеличением доли доходов с получателями виртуальных подарков за наш сервис виртуальных подарков; (б) снижением продаж и маркетинговые расходы в связи с нашими инициативами по контролю затрат и оптимизации маркетинговой стратегии канала Tantan; (c) снижение расходов на заработную плату и компенсационных расходов на основе акций в связи с нашей постоянной оптимизацией расходов на персонал с начала года и снижением справедливой стоимости новых грантов по опционам на акции; (d) отсутствие затрат на производство телевизионной программы и фильма по сравнению с третьим кварталом 2021 года; и (e) снижение амортизационных отчислений из-за обесценения нематериальных активов в 2021 году.
Расходы, не связанные с ОПБУ (примечание 1), составили 2 649,2 млн юаней (372,4 млн долларов США) в третьем квартале 2022 года, что на 15,7% меньше, чем 3 143,2 млн юаней за аналогичный период 2021 года.
Доход от операций
Доход от операционной деятельности составил 520,1 млн юаней (73,1 млн долларов США) в третьем квартале 2022 года по сравнению с 460,5 млн юаней за аналогичный период 2021 года. Доход от операций сегмента Momo составил 569,4 млн юаней (80,0 млн долларов США) в третьем квартале 2022 года, что снизилось с 676,5 млн юаней в третьем квартале 2021 года. Убыток от операций сегмента Tantan составил 44,5 млн юаней (6,2 млн долларов США) в третьем квартале 2022 года по сравнению с убытком от операций в размере 179,8 млн юаней в третьем квартале 2021 года.
Доход от операций, не связанных с ОПБУ (примечание 1), составил 605,1 млн юаней (85,1 млн долларов США) в третьем квартале 2022 года по сравнению с 637,2 млн юаней за аналогичный период 2021 года. Доход без учета GAAP от операций сегмента Momo составил 648,2 млн юаней (91,1 млн долларов США) в третьем квартале 2022 года, который снизился с 786,3 млн юаней в третьем квартале 2021 года. Убыток от операций сегмента Tantan без учета GAAP составил 38,3 млн юаней (5,4 млн долларов США) в третьем квартале 2022 года по сравнению с убытком от операций без учета GAAP в размере 112,9 млн юаней в третьем квартале 2021 года.
Прочая прибыль или убыток, нетто
Прочая прибыль составила 40,4 млн юаней (5,7 млн долларов США) в третьем квартале 2022 года, что в основном стало результатом выкупа Компанией своих конвертируемых старших облигаций у определенных держателей облигаций в третьем квартале 2022 года, частично компенсированного убытком от обесценения по другим долгосрочным инвестициям.
Расходы по налогу на прибыль
Расходы по налогу на прибыль составили 156,0 млн юаней (21,9 млн долларов США) в третьем квартале 2022 года по сравнению с 143,2 млн юаней в третьем квартале 2021 года. Увеличение было вызвано главным образом тем фактом, что в третьем квартале 2022 года мы начислили удерживаемый подоходный налог в размере 42,9 млн юаней (6,0 млн долларов США) на нераспределенную прибыль, полученную в третьем квартале 2022 года нашим предприятием, полностью принадлежащим иностранцам ("WFOE"), поскольку мы планируем перечислять Доходы WFOE своей оффшорной материнской компании в обозримом будущем для финансирования ее спроса на доллары США в деловых операциях, выплат дивидендов и долгов, потенциальных инвестиций, плана обратного выкупа акций и т.д.
Чистая прибыль составила 449,9 млн юаней (63,2 млн долларов США) в третьем квартале 2022 года по сравнению с 395,9 млн юаней за аналогичный период 2021 года. Чистая прибыль от сегмента Momo составила 499,6 млн юаней (70,2 млн долларов США) в третьем квартале 2022 года по сравнению с 611,1 млн юаней за аналогичный период 2021 года. Чистый убыток от сегмента Tantan составил 45,0 млн юаней (6,3 млн долларов США) в третьем квартале 2022 года по сравнению с чистым убытком в 179,0 млн юаней в третьем квартале 2021 года.
Чистая прибыль без учета GAAP (примечание 1) в третьем квартале 2022 года составила 534,8 млн юаней (75,2 млн долларов США) по сравнению с 564,3 млн юаней за аналогичный период 2021 года. Чистая прибыль сегмента Momo без учета GAAP составила 578,4 млн юаней (81,3 млн долларов США) в третьем квартале 2022 года, что снизилось с 720,9 млн юаней в третьем квартале 2021 года. Чистый убыток сегмента Tantan без учета GAAP составил 38,8 млн юаней (5,5 млн долларов США) в третьем квартале 2022 года по сравнению с чистым убытком без учета GAAP в размере 120,5 млн юаней в третьем квартале 2021 года.
Чистая прибыль, приходящаяся на Hello Group Inc.
Чистая прибыль, приходящаяся на Hello Group Inc., составила 450,8 млн юаней (63,4 млн долларов США) в третьем квартале 2022 года по сравнению с чистой прибылью в 403,2 млн юаней за аналогичный период 2021 года.
Чистая прибыль без учета ОПБУ (примечание 1), относящаяся к Hello Group Inc., составила 535,8 млн юаней (75,3 млн долларов США) в третьем квартале 2022 года по сравнению с 571,6 млн юаней за аналогичный период 2021 года.
Чистый доход за рекламу
Разводненная чистая прибыль на рекламу составила 2,20 юаня (0,31 доллара США) в третьем квартале 2022 года по сравнению с 1,93 юаней в третьем квартале 2021 года.
Разводненная чистая прибыль на рекламу без учета GAAP (примечание 1) составила 2,60 юаня (0,37 доллара США) в третьем квартале 2022 года по сравнению с 2,70 юаней в третьем квартале 2021 года.
Денежные средства и их движение
По состоянию на 30 сентября 2022 года денежные средства Компании, их эквиваленты, краткосрочные депозиты, долгосрочные депозиты, краткосрочные ограниченные денежные средства и долгосрочные ограниченные денежные средства составили 13 021,3 млн юаней (1830,5 млн долларов США) по сравнению с 15 707,0 млн юаней по состоянию на 31 декабря, 2021 год. Снижение было обусловлено рядом статей оттока денежных средств, включая выплату дивидендов акционерам в размере 841,0 млн юаней (118,2 млн долларов США); совокупный платеж в размере 2,137,0 млн юаней (300,4 млн долларов США) за выкуп конвертируемых облигаций компании; совокупный доход в размере 287 юаней.7 миллионов (40,4 миллиона долларов США) в связи с программой обратного выкупа акций; и выплата 300,0 миллионов юаней (42,2 миллиона долларов США) китайским налоговым органам для репатриации наличных из нашего WOFE в Китае в нашу оффшорную компанию в течение первых девяти месяцев 2022 года.
Чистые денежные средства, полученные от операционной деятельности в третьем квартале 2022 года, составили 444,5 млн юаней (62,5 млн долларов США) по сравнению с 559,9 млн юаней в третьем квартале 2021 года.
Финансовые результаты за первые девять месяцев 2022 года
Чистая выручка за первые девять месяцев 2022 года составила 9 491,5 млн юаней (1 334,3 млн долларов США), что на 12,9% меньше, чем 10 901,5 млн юаней за аналогичный период 2021 года.
Чистая прибыль, приходящаяся на Hello Group Inc., составила 1 086,3 млн юаней (152,7 млн долларов США) за первые девять месяцев 2022 года по сравнению с 1 329,0 млн юаней за аналогичный период 2021 года.
Чистая прибыль без учета GAAP, относящаяся к Hello Group Inc. (примечание 1), составила 1,397,8 млн юаней (196,5 млн долларов США) за первые девять месяцев 2022 года по сравнению с 1,756,2 млн юаней за аналогичный период 2021 года.
Разводненная чистая прибыль на рекламу составила 5,30 юаней (0,75 доллара США) за первые девять месяцев 2022 года по сравнению с 6,22 юаней за аналогичный период 2021 года.
Разводненная чистая прибыль на рекламу без учета GAAP (примечание 1) за первые девять месяцев 2022 года составила 6,75 юаня (0,95 доллара США) по сравнению с 8,14 юаней за аналогичный период 2021 года.
Чистые денежные средства, полученные от операционной деятельности, составили 688,2 млн юаней (96,7 млн долларов США) за первые девять месяцев 2022 года по сравнению с 893,7 млн юаней за аналогичный период 2021 года.
Недавнее развитие
Реализация программы обратного выкупа акций
7 июня 2022 года совет директоров Hello Group одобрил программу обратного выкупа акций, в рамках которой компания может выкупить до 200 миллионов долларов США своих акций в течение следующих 24 месяцев. По состоянию на 8 декабря 2022 года в рамках этой программы Компания выкупила на открытом рынке 12,0 млн рекламных объявлений за 56,7 млн долларов США по средней цене покупки 4,71 доллара США за рекламу.
Перспективы бизнеса
В четвертом квартале 2022 года компания ожидает, что общая чистая выручка составит от 3,15 млрд до 3,25 млрд юаней, что представляет собой снижение на 14,3% до 11,5% в годовом исчислении. Этот прогноз отражает текущие и предварительные взгляды Компании на рынок и операционные условия, которые могут измениться, в частности, в отношении потенциального воздействия вспышки COVID-19 на китайскую и мировую экономику, а также на платежеспособность пользователей.
Примечание 1: Показатели, не относящиеся к GAAP
Чтобы дополнить нашу консолидированную финансовую отчетность, представленную в соответствии с общепринятыми принципами бухгалтерского учета США ("GAAP"), мы, Hello Group, используем различные финансовые показатели, не относящиеся к GAAP, которые скорректированы с учетом наиболее сопоставимых результатов GAAP, чтобы исключить компенсацию на основе акций, убыток от обесценения гудвила и нематериальных активов, амортизацию нематериальных активы от приобретения бизнеса и налоговые последствия, связанные с амортизацией нематериальных активов от приобретения бизнеса.
Сверка наших финансовых показателей, не относящихся к GAAP, с нашими финансовыми показателями по ОПБУ США показана в таблицах в конце этого отчета о прибылях и убытках, в которых содержится более подробная информация о финансовых показателях, не относящихся к GAAP.
Наша финансовая информация, не относящаяся к GAAP, предоставляется в качестве дополнительной информации, чтобы помочь инвесторам последовательно сравнивать бизнес-тенденции за разные отчетные периоды и улучшить общее понимание инвесторами исторических и текущих финансовых показателей нашей продолжающейся деятельности и наших перспектив на будущее. Наша финансовая информация, не относящаяся к GAAP, должна рассматриваться в дополнение к результатам, подготовленным в соответствии с GAAP, но не должна рассматриваться как заменяющая или превосходящая результаты GAAP. Кроме того, наш расчет финансовых показателей, не относящихся к GAAP, может отличаться от расчета, используемого другими компаниями, и поэтому сопоставимость может быть ограниченной.
Наша информация, не относящаяся к GAAP (включая стоимость и операционные расходы, не относящиеся к GAAP, доход (убыток) от операций, чистую прибыль (убыток), чистую прибыль (убыток), относящуюся к Hello Group Inc., и разводненную чистую прибыль на ADS), скорректирована на основе наиболее сопоставимых результатов GAAP, чтобы исключить прибыль на основе акций компенсация, убыток от обесценения гудвила и нематериальных активов, амортизация нематериальных активов в результате приобретения бизнеса и налоговые последствия, связанные с амортизацией нематериальных активов в результате приобретения бизнеса. Ограничением использования этих финансовых показателей, не относящихся к GAAP, является то, что компенсация на основе акций, убытки от обесценения гудвила и нематериальных активов, амортизация нематериальных активов от приобретения бизнеса и налоговые последствия, связанные с амортизацией нематериальных активов от приобретения бизнеса, были и будут оставаться в обозримом будущем значительными повторяющимися расходами в наших результатах деятельности. Мы компенсируем такое ограничение, предоставляя сверку наших показателей, не относящихся к ОПБУ, с нашими показателями по ОПБУ США. Пожалуйста, ознакомьтесь с таблицами сверки в конце этого отчета о доходах.
Конференц-звонок
Руководство Hello Group проведет телефонную конференцию по доходам в четверг, 8 декабря 2022 года, в 8:00 утра по восточному времени США (9:00 вечера по Пекину / Гонконгское время 8 декабря 2022 года).
Участники могут зарегистрироваться для участия в телефонной конференции, перейдя по:
https://s1.c-conf.com/diamondpass/10027148-ghj92l.html .
После регистрации каждый участник получит подробную информацию о конференц-звонке, включая номера для набора номера, пароль для конференц-звонка и уникальный PIN-код доступа. Пожалуйста, наберите номер за 10 минут до запланированного начала разговора.
Повтор телефонного разговора будет доступен после завершения телефонной конференции до 15 декабря 2022 года. Ниже приведены сведения о наборе номера для воспроизведения:
США / Канада: 1-855-883-1031 Гонконг: 800-930-639 Пароль: 10027148
Кроме того, прямая и архивированная веб-трансляция телефонной конференции будет доступна в разделе по связям с инвесторами веб-сайта Hello Group по адресу https://ir.hellogroup.com .
О компании Hello Group Inc.
Мы являемся ведущим игроком в китайском онлайн-социальном и развлекательном пространстве. С помощью Momo, Tantan и других свойств в нашем портфолио продуктов мы даем пользователям возможность открывать новые отношения, расширять свои социальные связи и выстраивать значимые взаимодействия. Momo - это мобильное приложение, которое соединяет людей и облегчает социальные взаимодействия, основанные на местоположении, интересах и различных развлекательных мероприятиях онлайн. Tantan, который был добавлен в наше семейство приложений благодаря приобретению в мае 2018 года, является ведущим приложением для социальных сетей и знакомств. Tantan создан для того, чтобы помочь своим пользователям находить и устанавливать романтические связи, а также знакомиться с интересными людьми. Мы также используем ряд других приложений для удовлетворения различных социальных и развлекательных запросов наших пользователей.
По вопросам инвесторов и СМИ, пожалуйста, обращайтесь:
Hello Group Inc.
Телефон по связям с инвесторами: +86-10-5731-0538 Электронная почта: [email protected]
В Китае. Эрик Юань Телефон: +86-10-5900-1548 Электронная почта: [email protected]
Г-жа Линда Бергкампфон: +1-480-614-3004 Электронная почта: [email protected]
Заявление о безопасной гавани
Этот пресс-релиз содержит "прогнозные" заявления по смыслу раздела 27A Закона о ценных бумагах 1933 года с поправками и раздела 21E Закона об обмене ценными бумагами 1934 года с поправками и как определено в Законе о реформе судебных разбирательств по частным ценным бумагам 1995 года. Эти прогнозные заявления включают, но не ограничиваются ими, котировки нашего руководства, наш финансовый прогноз на четвертый квартал 2022 года, а также объем, сроки, методы и источники финансирования для выкупа наших акций в рамках программы обратного выкупа акций.
Наши прогнозные заявления не являются историческими фактами, а вместо этого отражают только наше убеждение относительно ожидаемых результатов и событий, многие из которых по своей природе изначально неопределенны и находятся вне нашего контроля. Наши фактические результаты и другие обстоятельства могут отличаться, возможно, существенно, от ожидаемых результатов и событий, указанных в этих прогнозных заявлениях. Объявленные результаты за третий квартал 2022 года являются предварительными, неаудированными и подлежат корректировке аудитом. Кроме того, мы можем не выполнить наши финансовые прогнозы на четвертый квартал 2022 года и, возможно, не сможем развивать наш бизнес запланированным образом. Мы также можем изменить нашу стратегию роста. Кроме того, существуют другие риски и неопределенности, которые могут привести к тому, что наши фактические результаты будут отличаться от ожидаемых в настоящее время, в том числе связанные с нашей способностью удерживать и расширять базу пользователей, нашей способностью привлекать и удерживать достаточно подготовленных специалистов для поддержки нашей деятельности, нашей способностью прогнозировать и разрабатывать новые услуги и улучшать существующие услуги для удовлетворения спроса наших пользователей или заказчиков, влияние пандемии COVID-19 на бизнес-операции Компании и экономику в Китае, рыночная цена акций Компании, преобладающая время от времени, характер других инвестиционных возможностей, время от времени предоставляемых Компании, денежные потоки Компании от операционной деятельности, общие экономические условия и другие факторы. Для получения дополнительной информации об этих и других важных факторах, которые могут негативно повлиять на наш бизнес, финансовое состояние, результаты операций и перспективы, пожалуйста, ознакомьтесь с нашими заявками в Комиссию по ценным бумагам и биржам США.
Вся информация, представленная в настоящем пресс-релизе и в приложениях, действительна на дату пресс-релиза. Мы не берем на себя никаких обязательств по обновлению каких-либо прогнозных заявлений, будь то в результате новой информации, будущих событий или иным образом, после даты этого выпуска, за исключением случаев, предусмотренных законом. Такая информация относится только к дате этого выпуска.
Hello Group Inc. |
|||||||||||
Unaudited Condensed Consolidated Statement of Operations |
|||||||||||
(All amounts in thousands, except share and per share data) |
|||||||||||
Three months |
First nine months |
||||||||||
Ended September 30 |
Ended September 30 |
||||||||||
2021 |
2022 |
2022 |
2021 |
2022 |
2022 |
||||||
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
||||||
Net revenues: |
|||||||||||
Live video service |
2,166,733 |
1,657,531 |
233,012 |
6,230,160 |
4,786,232 |
672,838 |
|||||
Value-added service |
1,533,288 |
1,537,666 |
216,162 |
4,496,059 |
4,557,481 |
640,681 |
|||||
Mobile marketing |
43,323 |
28,243 |
3,970 |
133,641 |
92,029 |
12,937 |
|||||
Mobile games |
8,052 |
7,719 |
1,085 |
28,418 |
50,416 |
7,087 |
|||||
Other services |
7,784 |
1,862 |
262 |
13,212 |
5,356 |
753 |
|||||
Total net revenues |
3,759,180 |
3,233,021 |
454,491 |
10,901,490 |
9,491,514 |
1,334,296 |
|||||
Cost and expenses: |
|||||||||||
Cost of revenues |
(2,183,337) |
(1,886,135) |
(265,149) |
(6,191,911) |
(5,505,369) |
(773,933) |
|||||
Research and development |
(260,939) |
(245,105) |
(34,456) |
(815,757) |
(733,562) |
(103,123) |
|||||
Sales and marketing |
(680,896) |
(467,012) |
(65,652) |
(1,944,705) |
(1,666,542) |
(234,279) |
|||||
General and administrative |
(194,734) |
(135,933) |
(19,109) |
(459,443) |
(453,514) |
(63,754) |
|||||
Total cost and expenses |
(3,319,906) |
(2,734,185) |
(384,366) |
(9,411,816) |
(8,358,987) |
(1,175,089) |
|||||
Other operating income |
21,221 |
21,289 |
2,993 |
137,389 |
85,790 |
12,060 |
|||||
Income from operations |
460,495 |
520,125 |
73,118 |
1,627,063 |
1,218,317 |
171,267 |
|||||
Interest income |
93,564 |
89,274 |
12,550 |
284,706 |
280,761 |
39,469 |
|||||
Interest expense |
(18,669) |
(25,010) |
(3,516) |
(55,332) |
(72,575) |
(10,202) |
|||||
Other gain or loss, net |
- |
40,403 |
5,680 |
(18,000) |
118,325 |
16,634 |
|||||
Income before income tax and share of income on equity method investments |
535,390 |
624,792 |
87,832 |
1,838,437 |
1,544,828 |
217,168 |
|||||
Income tax expenses |
(143,158) |
(156,041) |
(21,936) |
(526,065) |
(452,860) |
(63,662) |
|||||
Income before share of income on equity method investments |
392,232 |
468,751 |
65,896 |
1,312,372 |
1,091,968 |
153,506 |
|||||
Share of income (loss) on equity method investments |
3,658 |
(18,880) |
(2,654) |
5,961 |
(8,967) |
(1,261) |
|||||
Net income |
395,890 |
449,871 |
63,242 |
1,318,333 |
1,083,001 |
152,245 |
|||||
Less: net loss attributable to non- controlling interest |
(7,301) |
(964) |
(136) |
(10,677) |
(3,288) |
(462) |
|||||
Net income attributable to the shareholders of Hello Group Inc. |
403,191 |
450,835 |
63,378 |
1,329,010 |
1,086,289 |
152,707 |
|||||
Net income per share attributable to ordinary shareholders |
|||||||||||
Basic |
1.01 |
1.15 |
0.16 |
3.26 |
2.75 |
0.39 |
|||||
Diluted |
0.96 |
1.1 |
0.15 |
3.11 |
2.65 |
0.37 |
|||||
Weighted average shares used in calculating net income per ordinary share |
|||||||||||
Basic |
400,835,428 |
391,027,485 |
391,027,485 |
408,074,205 |
394,333,009 |
394,333,009 |
|||||
Diluted |
437,639,164 |
423,608,050 |
423,608,050 |
444,906,615 |
429,765,849 |
429,765,849 |
|||||
Hello Group Inc. |
|||||||||||
Unaudited Condensed Consolidated Statement of Comprehensive Income |
|||||||||||
(All amounts in thousands, except share and per share data) |
|||||||||||
Three months |
First nine months |
||||||||||
Ended September 30 |
Ended September 30 |
||||||||||
2021 |
2022 |
2022 |
2021 |
2022 |
2022 |
||||||
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
||||||
Net income |
395,890 |
449,871 |
63,242 |
1,318,333 |
1,083,001 |
152,245 |
|||||
Other comprehensive income (loss), net of tax: |
|||||||||||
Foreign currency translation adjustment |
368 |
(188,343) |
(26,477) |
(31,830) |
(328,832) |
(46,226) |
|||||
Comprehensive income |
396,258 |
261,528 |
36,765 |
1,286,503 |
754,169 |
106,019 |
|||||
Less: comprehensive (loss) income attributed to the non- controlling interest |
(7,540) |
10,831 |
1,523 |
(13,323) |
17,710 |
2,490 |
|||||
Comprehensive income attributable to Hello Group Inc. |
403,798 |
250,697 |
35,242 |
1,299,826 |
736,459 |
103,529 |
|||||
Hello Group Inc. |
|||||
Unaudited Condensed Consolidated Balance Sheets |
|||||
(All amounts in thousands, except share and per share data) |
|||||
December 31 |
September 30 |
September 30 |
|||
2021 |
2022 |
2022 |
|||
RMB |
RMB |
US$ |
|||
Assets |
|||||
Current assets |
|||||
Cash and cash equivalents |
5,570,563 |
3,435,616 |
482,971 |
||
Short-term deposits |
2,860,000 |
5,900,000 |
829,409 |
||
Restricted cash |
- |
100,327 |
14,104 |
||
Accounts receivable, net of allowance for doubtful accounts of RMB15,127 and RMB5,945 as of December 31, 2021 and September 30, 2022, respectively |
205,225 |
194,344 |
27,320 |
||
Prepaid expenses and other current assets |
775,072 |
877,348 |
123,336 |
||
Total current assets |
9,410,860 |
10,507,635 |
1,477,140 |
||
Long-term deposits |
7,200,000 |
3,500,000 |
492,022 |
||
Long-term restricted cash |
76,471 |
85,362 |
12,000 |
||
Right-of-use assets, net |
257,934 |
142,492 |
20,031 |
||
Property and equipment, net |
180,664 |
186,949 |
26,281 |
||
Intangible assets, net |
27,320 |
23,482 |
3,301 |
||
Rental deposits |
19,204 |
20,737 |
2,915 |
||
Long-term investments |
820,006 |
863,452 |
121,382 |
||
Other non-current assets |
83,930 |
119,620 |
16,816 |
||
Deferred tax assets |
34,849 |
35,836 |
5,038 |
||
Total assets |
18,111,238 |
15,485,565 |
2,176,926 |
||
Liabilities and equity |
|||||
Current liabilities |
|||||
Accounts payable |
726,207 |
622,980 |
87,576 |
||
Deferred revenue |
539,967 |
467,763 |
65,757 |
||
Accrued expenses and other current liabilities |
911,050 |
664,867 |
93,466 |
||
Amount due to related parties |
5,016 |
9,443 |
1,327 |
||
Lease liabilities due within one year |
162,950 |
102,585 |
14,421 |
||
Income tax payable |
125,773 |
74,848 |
10,522 |
||
Deferred consideration in connection with business acquisitions |
44,802 |
27,313 |
3,840 |
||
Convertible Senior Notes-current |
- |
2,726,763 |
383,322 |
||
Total current liabilities |
2,515,765 |
4,696,562 |
660,231 |
||
Deferred tax liabilities |
213,384 |
37,635 |
5,291 |
||
Convertible senior notes |
4,565,292 |
- |
- |
||
Lease liabilities |
103,105 |
42,578 |
5,986 |
||
Other non-current liabilities |
128,095 |
114,577 |
16,107 |
||
Total liabilities |
7,525,641 |
4,891,352 |
687,615 |
||
Shareholder's equity (i) |
10,585,597 |
10,594,213 |
1,489,311 |
||
Total liabilities and shareholder's equity |
18,111,238 |
15,485,565 |
2,176,926 |
||
(i): As of September 30, 2022, the number of ordinary shares outstanding was 385,309,239. |
|||||
Hello Group Inc. |
|||||||||||
Unaudited Condensed Consolidated Statement of Cash Flows |
|||||||||||
(All amounts in thousands, except share and per share data) |
|||||||||||
Three months |
First nine months |
||||||||||
Ended September 30 |
Ended September 30 |
||||||||||
2021 |
2022 |
2022 |
2021 |
2022 |
2022 |
||||||
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
||||||
Cash flows from operating activities: |
|||||||||||
Net income |
395,890 |
449,871 |
63,242 |
1,318,333 |
1,083,001 |
152,245 |
|||||
Adjustments to reconcile net income to net cash provided by operating activities: |
|||||||||||
Depreciation of property and equipment |
38,696 |
27,047 |
3,802 |
121,311 |
83,107 |
11,683 |
|||||
Amortization of intangible assets |
34,722 |
1,279 |
180 |
107,783 |
3,837 |
539 |
|||||
Share-based compensation |
143,280 |
84,976 |
11,945 |
349,195 |
311,540 |
43,797 |
|||||
Share of income (loss) on equity method investments |
(3,658) |
18,880 |
2,654 |
(5,961) |
8,967 |
1,261 |
|||||
Gain on repurchase of convertible senior notes |
- |
(51,653) |
(7,261) |
- |
(129,575) |
(18,215) |
|||||
Loss on long-term investments |
- |
11,250 |
1,581 |
18,000 |
11,250 |
1,581 |
|||||
Gain on disposal of subsidiaries |
- |
- |
- |
(15,526) |
- |
- |
|||||
Cash received on distributions from equity method investments |
- |
- |
- |
- |
1,708 |
240 |
|||||
Loss or gain on disposal of property and equipment |
2,351 |
(923) |
(130) |
1,272 |
(783) |
(110) |
|||||
Provision of losses on receivable and other assets |
(322) |
(820) |
(115) |
242 |
(453) |
(64) |
|||||
Changes in operating assets and liabilities: |
|||||||||||
Accounts receivable |
(1,616) |
22,973 |
3,229 |
(24,358) |
15,695 |
2,206 |
|||||
Prepaid expenses and other current assets |
(85,048) |
41,418 |
5,822 |
(203,666) |
(16,144) |
(2,269) |
|||||
Rental deposits |
(922) |
716 |
101 |
(1,514) |
1,399 |
197 |
|||||
Deferred tax assets |
(782) |
590 |
83 |
(2,016) |
(986) |
(139) |
|||||
Other non-current assets |
(57,100) |
16,130 |
2,268 |
(8,050) |
76,820 |
10,799 |
|||||
Accounts payable |
(28,400) |
(438) |
(62) |
19,422 |
(106,392) |
(14,956) |
|||||
Income tax payable |
24,947 |
(15,635) |
(2,198) |
(71,431) |
(50,923) |
(7,159) |
|||||
Deferred revenue |
9,369 |
(19,356) |
(2,721) |
25,454 |
(73,891) |
(10,387) |
|||||
Accrued expenses and other current liabilities |
56,954 |
(108,513) |
(15,255) |
(38,829) |
(304,346) |
(42,784) |
|||||
Amount due to related parties |
1,860 |
7,824 |
1,100 |
(4,696) |
4,427 |
622 |
|||||
Deferred tax liabilities |
(8,676) |
(14,425) |
(2,028) |
(26,941) |
(171,752) |
(24,145) |
|||||
Share-based compensation liability |
- |
- |
- |
(678,153) |
- |
- |
|||||
Other non-current liabilities |
38,335 |
(26,655) |
(3,747) |
13,818 |
(58,311) |
(8,197) |
|||||
Net cash provided by operating activities |
559,880 |
444,536 |
62,490 |
893,689 |
688,195 |
96,745 |
|||||
Cash flows from investing activities: |
|||||||||||
Purchase of property and equipment |
(30,919) |
(27,051) |
(3,803) |
(76,122) |
(70,392) |
(9,896) |
|||||
Payment for long-term investments |
- |
- |
- |
(300,000) |
(55,343) |
(7,780) |
|||||
Purchase of short-term deposits |
(2,100,000) |
(1,700,000) |
(238,982) |
(4,576,688) |
(1,700,000) |
(238,982) |
|||||
Cash received on maturity of short-term deposits |
3,458,658 |
2,700,000 |
379,560 |
6,117,570 |
3,710,000 |
521,544 |
|||||
Cash received on investment income distribution |
- |
- |
- |
5,610 |
3,523 |
495 |
|||||
Cash of disposed subsidiaries |
- |
- |
- |
(8,750) |
- |
- |
|||||
Purchase of long-term deposits |
- |
(1,000,000) |
(140,578) |
(250,000) |
(2,550,000) |
(358,473) |
|||||
Cash received on maturity of long-term deposits |
- |
- |
- |
- |
1,200,000 |
168,693 |
|||||
Other investing activities |
13 |
2,781 |
391 |
2,406 |
3,103 |
436 |
|||||
Net cash provided by (used in) investing activities |
1,327,752 |
(24,270) |
(3,412) |
914,026 |
540,891 |
76,037 |
|||||
Cash flows from financing activities: |
|||||||||||
Deferred payment for business acquisition |
- |
(15,858) |
(2,229) |
(12,907) |
(21,421) |
(3,011) |
|||||
Proceeds from exercise of share options |
461 |
18 |
3 |
771 |
51 |
7 |
|||||
Payment in relation to the share repurchase program |
(756,714) |
(285,355) |
(40,115) |
(862,865) |
(287,690) |
(40,443) |
|||||
Repurchase of subsidiary's share options |
(48,489) |
(14,330) |
(2,014) |
(54,050) |
(39,867) |
(5,604) |
|||||
Dividends payment |
- |
- |
- |
(852,743) |
(840,997) |
(118,225) |
|||||
Payment for redemption of convertible bonds |
- |
(1,024,443) |
(144,014) |
- |
(2,136,987) |
(300,413) |
|||||
Net cash used in financing activities |
(804,742) |
(1,339,968) |
(188,369) |
(1,781,794) |
(3,326,911) |
(467,689) |
|||||
Effect of exchange rate changes |
(3,661) |
(6,190) |
(869) |
(28,697) |
72,096 |
10,135 |
|||||
Net increase (decrease) in cash and cash equivalents |
1,079,229 |
(925,892) |
(130,160) |
(2,776) |
(2,025,729) |
(284,772) |
|||||
Cash, cash equivalents and restricted cash at the beginning of period |
2,284,067 |
4,547,197 |
639,235 |
3,366,072 |
5,647,034 |
793,847 |
|||||
Cash, cash equivalents and restricted cash at the end of period |
3,363,296 |
3,621,305 |
509,075 |
3,363,296 |
3,621,305 |
509,075 |
|||||
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 GAAP measures. |
||||||||||||
Three months |
Three months |
Three months |
|||||||||||
Ended September 30, 2021 |
Ended September 30, 2022 |
Ended September 30, 2022 |
|||||||||||
GAAP |
Amortization of intangible assets from business acquisitions |
Share-based compensation |
Tax impacts |
Non-GAAP |
GAAP |
Share-based compensation |
Non-GAAP |
GAAP |
Share-based compensation |
Non-GAAP |
|||
(ii) |
|||||||||||||
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
US$ |
US$ |
|||
Cost of revenues |
(2,183,337) |
17,286 |
6,623 |
- |
(2,159,428) |
(1,886,135) |
1,496 |
(1,884,639) |
(265,149) |
210 |
(264,939) |
||
Research and development |
(260,939) |
- |
29,094 |
- |
(231,845) |
(245,105) |
21,713 |
(223,392) |
(34,456) |
3,052 |
(31,404) |
||
Sales and marketing |
(680,896) |
16,165 |
27,653 |
- |
(637,078) |
(467,012) |
8,453 |
(458,559) |
(65,652) |
1,188 |
(64,464) |
||
General and administrative |
(194,734) |
- |
79,910 |
- |
(114,824) |
(135,933) |
53,314 |
(82,619) |
(19,109) |
7,495 |
(11,614) |
||
Cost and operating expenses |
(3,319,906) |
33,451 |
143,280 |
- |
(3,143,175) |
(2,734,185) |
84,976 |
(2,649,209) |
(384,366) |
11,945 |
(372,421) |
||
Income from operations |
460,495 |
33,451 |
143,280 |
- |
637,226 |
520,125 |
84,976 |
605,101 |
73,118 |
11,945 |
85,063 |
||
Net income attributable to Hello Group Inc. |
403,191 |
33,451 |
143,280 |
(8,363) |
571,559 |
450,835 |
84,976 |
535,811 |
63,378 |
11,945 |
75,323 |
||
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 GAAP measures-continued. |
||||||||||||||
First nine months |
First nine months |
First nine months |
|||||||||||||
Ended September 30, 2021 |
Ended September 30, 2022 |
Ended September 30, 2022 |
|||||||||||||
GAAP |
Amortization of intangible assets from business acquisitions |
Share-based compensation |
Tax impacts |
Non-GAAP |
GAAP |
Share-based compensation |
Non-GAAP |
GAAP |
Share-based compensation |
Non-GAAP |
|||||
(ii) |
|||||||||||||||
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
US$ |
US$ |
|||||
Cost of revenues |
(6,191,911) |
51,853 |
14,548 |
- |
(6,125,510) |
(5,505,369) |
12,488 |
(5,492,881) |
(773,933) |
1,756 |
(772,177) |
||||
Research and development |
(815,757) |
3,660 |
103,268 |
- |
(708,829) |
(733,562) |
66,652 |
(666,910) |
(103,123) |
9,370 |
(93,753) |
||||
Sales and marketing |
(1,944,705) |
48,491 |
59,797 |
- |
(1,836,417) |
(1,666,542) |
29,952 |
(1,636,590) |
(234,279) |
4,211 |
(230,068) |
||||
General and administrative |
(459,443) |
- |
171,582 |
- |
(287,861) |
(453,514) |
202,448 |
(251,066) |
(63,754) |
28,460 |
(35,294) |
||||
Cost and operating expenses |
(9,411,816) |
104,004 |
349,195 |
- |
(8,958,617) |
(8,358,987) |
311,540 |
(8,047,447) |
(1,175,089) |
43,797 |
(1,131,292) |
||||
Income from operations |
1,627,063 |
104,004 |
349,195 |
- |
2,080,262 |
1,218,317 |
311,540 |
1,529,857 |
171,267 |
43,797 |
215,064 |
||||
Net income attributable to Hello Group Inc. |
1,329,010 |
104,004 |
349,195 |
(26,002) |
1,756,207 |
1,086,289 |
311,540 |
1,397,829 |
152,707 |
43,797 |
196,504 |
||||
(ii) Includes tax impacts related to the amortization of intangible assets from business acquisition. |
|||||||||||||||
Hello Group Inc. |
|||||||||
Unaudited Condensed Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Three months |
|||||||||
Ended September 30, 2022 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Net revenues: |
|||||||||
Live video service |
1,517,872 |
139,659 |
- |
1,657,531 |
233,012 |
||||
Value-added service |
1,336,050 |
201,616 |
- |
1,537,666 |
216,162 |
||||
Mobile marketing |
28,243 |
- |
- |
28,243 |
3,970 |
||||
Mobile games |
7,719 |
- |
- |
7,719 |
1,085 |
||||
Other services |
1,126 |
- |
736 |
1,862 |
262 |
||||
Total net revenues |
2,891,010 |
341,275 |
736 |
3,233,021 |
454,491 |
||||
Cost and expenses (iii): |
|||||||||
Cost of revenues |
(1,704,934) |
(180,277) |
(924) |
(1,886,135) |
(265,149) |
||||
Research and development |
(176,727) |
(68,378) |
- |
(245,105) |
(34,456) |
||||
Sales and marketing |
(335,350) |
(130,222) |
(1,440) |
(467,012) |
(65,652) |
||||
General and administrative |
(124,184) |
(8,574) |
(3,175) |
(135,933) |
(19,109) |
||||
Total cost and expenses |
(2,341,195) |
(387,451) |
(5,539) |
(2,734,185) |
(384,366) |
||||
Other operating income |
19,563 |
1,722 |
4 |
21,289 |
2,993 |
||||
Income (loss) from operations |
569,378 |
(44,454) |
(4,799) |
520,125 |
73,118 |
||||
Interest income |
89,003 |
187 |
84 |
89,274 |
12,550 |
||||
Interest expense |
(25,010) |
- |
- |
(25,010) |
(3,516) |
||||
Other gain or loss, net |
40,403 |
- |
- |
40,403 |
5,680 |
||||
Income (loss) before income tax and share of income on equity method investments |
673,774 |
(44,267) |
(4,715) |
624,792 |
87,832 |
||||
Income tax expenses |
(155,328) |
(713) |
- |
(156,041) |
(21,936) |
||||
Income (loss) before share of income on equity method investments |
518,446 |
(44,980) |
(4,715) |
468,751 |
65,896 |
||||
Share of loss on equity method investments |
(18,880) |
- |
- |
(18,880) |
(2,654) |
||||
Net income (loss) |
499,566 |
(44,980) |
(4,715) |
449,871 |
63,242 |
||||
(iii) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||
Three months |
|||||||||
Ended September 30, 2022 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Cost of revenues |
1,478 |
18 |
- |
1,496 |
210 |
||||
Research and development |
15,640 |
6,073 |
- |
21,713 |
3,052 |
||||
Sales and marketing |
8,446 |
7 |
- |
8,453 |
1,188 |
||||
General and administrative |
53,272 |
42 |
- |
53,314 |
7,495 |
||||
Total cost and expenses |
78,836 |
6,140 |
- |
84,976 |
11,945 |
||||
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 months |
|||||||||
Ended September 30, 2022 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Income (loss) from operations |
569,378 |
(44,454) |
(4,799) |
520,125 |
73,118 |
||||
Share-based compensation |
78,836 |
6,140 |
- |
84,976 |
11,945 |
||||
Non-GAAP income (loss) from operations |
648,214 |
(38,314) |
(4,799) |
605,101 |
85,063 |
||||
Net income (loss) |
499,566 |
(44,980) |
(4,715) |
449,871 |
63,242 |
||||
Share-based compensation |
78,836 |
6,140 |
- |
84,976 |
11,945 |
||||
Non-GAAP net income (loss) |
578,402 |
(38,840) |
(4,715) |
534,847 |
75,187 |
||||
Hello Group Inc. |
|||||||||
Unaudited Condensed Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Three months |
|||||||||
Ended September 30, 2021 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$[1] |
|||||
Net revenues: |
|||||||||
Live video service |
1,932,141 |
234,592 |
- |
2,166,733 |
336,272 |
||||
Value-added service |
1,257,158 |
276,130 |
- |
1,533,288 |
237,962 |
||||
Mobile marketing |
43,323 |
- |
- |
43,323 |
6,724 |
||||
Mobile games |
8,052 |
- |
- |
8,052 |
1,250 |
||||
Other services |
5,589 |
- |
2,195 |
7,784 |
1,208 |
||||
Total net revenues |
3,246,263 |
510,722 |
2,195 |
3,759,180 |
583,416 |
||||
Cost and expenses (iv): |
|||||||||
Cost of revenues |
(1,884,931) |
(269,376) |
(29,030) |
(2,183,337) |
(338,849) |
||||
Research and development |
(194,475) |
(66,464) |
- |
(260,939) |
(40,497) |
||||
Sales and marketing |
(336,691) |
(341,636) |
(2,569) |
(680,896) |
(105,673) |
||||
General and administrative |
(171,609) |
(16,321) |
(6,804) |
(194,734) |
(30,222) |
||||
Total cost and expenses |
(2,587,706) |
(693,797) |
(38,403) |
(3,319,906) |
(515,241) |
||||
Other operating income |
17,946 |
3,270 |
5 |
21,221 |
3,293 |
||||
Income (loss) from operations |
676,503 |
(179,805) |
(36,203) |
460,495 |
71,468 |
||||
Interest income |
93,174 |
356 |
34 |
93,564 |
14,521 |
||||
Interest expense |
(18,669) |
- |
- |
(18,669) |
(2,897) |
||||
Income (loss) before income tax and share of income on equity method investments |
751,008 |
(179,449) |
(36,169) |
535,390 |
83,092 |
||||
Income tax (expenses) benefits |
(143,562) |
404 |
- |
(143,158) |
(22,218) |
||||
Income (loss) before share of income on equity method investments |
607,446 |
(179,045) |
(36,169) |
392,232 |
60,874 |
||||
Share of income on equity method investments |
3,658 |
- |
- |
3,658 |
568 |
||||
Net income (loss) |
611,104 |
(179,045) |
(36,169) |
395,890 |
61,442 |
||||
(iv) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||
Three months |
|||||||||
Ended September 30, 2021 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Cost of revenues |
2,847 |
3,776 |
- |
6,623 |
1,028 |
||||
Research and development |
18,071 |
11,023 |
- |
29,094 |
4,515 |
||||
Sales and marketing |
11,280 |
16,373 |
- |
27,653 |
4,292 |
||||
General and administrative |
77,616 |
2,294 |
- |
79,910 |
12,402 |
||||
Total cost and expenses |
109,814 |
33,466 |
- |
143,280 |
22,237 |
||||
[1] All translations from RMB to U.S. dollars are made at a rate of RMB6.4434 to US$1.00, the effective noon buying rate for September 30, 2021 as set forth in the H.10 statistical release of the Federal Reserve Board. |
|||||||||
Hello Group Inc. |
|||||||||
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Three months |
|||||||||
Ended September 30, 2021 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Income (loss) from operations |
676,503 |
(179,805) |
(36,203) |
460,495 |
71,468 |
||||
Share-based compensation |
109,814 |
33,466 |
- |
143,280 |
22,237 |
||||
Amortization of intangible assets from business acquisitions |
- |
33,451 |
- |
33,451 |
5,192 |
||||
Non-GAAP income (loss) from operations |
786,317 |
(112,888) |
(36,203) |
637,226 |
98,897 |
||||
Net income (loss) |
611,104 |
(179,045) |
(36,169) |
395,890 |
61,442 |
||||
Share-based compensation |
109,814 |
33,466 |
- |
143,280 |
22,237 |
||||
Amortization of intangible assets from business acquisitions |
- |
33,451 |
- |
33,451 |
5,192 |
||||
Tax impacts |
- |
(8,363) |
- |
(8,363) |
(1,298) |
||||
Non-GAAP net income (loss) |
720,918 |
(120,491) |
(36,169) |
564,258 |
87,573 |
||||
Hello Group Inc. |
|||||||||
Unaudited Condensed Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
First nine months |
|||||||||
Ended September 30, 2022 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Net revenues: |
|||||||||
Live video service |
4,404,991 |
381,241 |
- |
4,786,232 |
672,838 |
||||
Value-added service |
3,917,609 |
639,872 |
- |
4,557,481 |
640,681 |
||||
Mobile marketing |
92,029 |
- |
- |
92,029 |
12,937 |
||||
Mobile games |
50,416 |
- |
- |
50,416 |
7,087 |
||||
Other services |
4,298 |
- |
1,058 |
5,356 |
753 |
||||
Total net revenues |
8,469,343 |
1,021,113 |
1,058 |
9,491,514 |
1,334,296 |
||||
Cost and expenses (v): |
|||||||||
Cost of revenues |
(4,981,345) |
(522,188) |
(1,836) |
(5,505,369) |
(773,933) |
||||
Research and development |
(536,640) |
(196,922) |
- |
(733,562) |
(103,123) |
||||
Sales and marketing |
(1,039,526) |
(623,680) |
(3,336) |
(1,666,542) |
(234,279) |
||||
General and administrative |
(415,954) |
(25,335) |
(12,225) |
(453,514) |
(63,754) |
||||
Total cost and expenses |
(6,973,465) |
(1,368,125) |
(17,397) |
(8,358,987) |
(1,175,089) |
||||
Other operating income |
76,253 |
9,491 |
46 |
85,790 |
12,060 |
||||
Income (loss) from operations |
1,572,131 |
(337,521) |
(16,293) |
1,218,317 |
171,267 |
||||
Interest income |
280,252 |
291 |
218 |
280,761 |
39,469 |
||||
Interest expense |
(72,575) |
- |
- |
(72,575) |
(10,202) |
||||
Other gain or loss, net |
118,325 |
- |
- |
118,325 |
16,634 |
||||
Income (loss) before income tax and share of income on equity method investments |
1,898,133 |
(337,230) |
(16,075) |
1,544,828 |
217,168 |
||||
Income tax expenses |
(451,061) |
(1,799) |
- |
(452,860) |
(63,662) |
||||
Income (loss) before share of income on equity method investments |
1,447,072 |
(339,029) |
(16,075) |
1,091,968 |
153,506 |
||||
Share of loss on equity method investments |
(8,967) |
- |
- |
(8,967) |
(1,261) |
||||
Net income (loss) |
1,438,105 |
(339,029) |
(16,075) |
1,083,001 |
152,245 |
||||
(v) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||
First nine months |
|||||||||
Ended September 30, 2022 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Cost of revenues |
5,477 |
7,011 |
- |
12,488 |
1,756 |
||||
Research and development |
51,752 |
14,900 |
- |
66,652 |
9,370 |
||||
Sales and marketing |
29,729 |
223 |
- |
29,952 |
4,211 |
||||
General and administrative |
202,319 |
129 |
- |
202,448 |
28,460 |
||||
Total cost and expenses |
289,277 |
22,263 |
- |
311,540 |
43,797 |
||||
Hello Group Inc. |
|||||||||
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
First nine months |
|||||||||
ended September 30, 2022 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Operating income (loss) |
1,572,131 |
(337,521) |
(16,293) |
1,218,317 |
171,267 |
||||
Share-based compensation |
289,277 |
22,263 |
- |
311,540 |
43,797 |
||||
Non-GAAP operating income (loss) |
1,861,408 |
(315,258) |
(16,293) |
1,529,857 |
215,064 |
||||
Net income (loss) |
1,438,105 |
(339,029) |
(16,075) |
1,083,001 |
152,245 |
||||
Share-based compensation |
289,277 |
22,263 |
- |
311,540 |
43,797 |
||||
Non-GAAP net income (loss) |
1,727,382 |
(316,766) |
(16,075) |
1,394,541 |
196,042 |
||||
Hello Group Inc. |
|||||||||
Unaudited Condensed Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
First nine months |
|||||||||
Ended September 30, 2021 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Net revenues: |
|||||||||
Live video service |
5,527,851 |
702,309 |
- |
6,230,160 |
966,906 |
||||
Value-added service |
3,606,393 |
889,666 |
- |
4,496,059 |
697,777 |
||||
Mobile marketing |
133,641 |
- |
- |
133,641 |
20,741 |
||||
Mobile games |
28,418 |
- |
- |
28,418 |
4,410 |
||||
Other services |
9,263 |
- |
3,949 |
13,212 |
2,051 |
||||
Total net revenues |
9,305,566 |
1,591,975 |
3,949 |
10,901,490 |
1,691,885 |
||||
Cost and expenses (vi): |
|||||||||
Cost of revenues |
(5,338,330) |
(816,562) |
(37,019) |
(6,191,911) |
(960,970) |
||||
Research and development |
(595,176) |
(220,581) |
- |
(815,757) |
(126,604) |
||||
Sales and marketing |
(1,042,458) |
(898,612) |
(3,635) |
(1,944,705) |
(301,813) |
||||
General and administrative |
(471,965) |
28,763 |
(16,241) |
(459,443) |
(71,304) |
||||
Total cost and expenses |
(7,447,929) |
(1,906,992) |
(56,895) |
(9,411,816) |
(1,460,691) |
||||
Other operating income |
103,352 |
34,006 |
31 |
137,389 |
21,322 |
||||
Income (loss) from operations |
1,960,989 |
(281,011) |
(52,915) |
1,627,063 |
252,516 |
||||
Interest income |
283,629 |
952 |
125 |
284,706 |
44,186 |
||||
Interest expense |
(55,332) |
- |
- |
(55,332) |
(8,587) |
||||
Other gain or loss, net |
(18,000) |
- |
- |
(18,000) |
(2,794) |
||||
Income (loss) before income tax and share of income on equity method investments |
2,171,286 |
(280,059) |
(52,790) |
1,838,437 |
285,321 |
||||
Income tax (expenses) benefits |
(533,508) |
7,443 |
- |
(526,065) |
(81,644) |
||||
Income (loss) before share of income on equity method investments |
1,637,778 |
(272,616) |
(52,790) |
1,312,372 |
203,677 |
||||
Share of income on equity method investments |
5,961 |
- |
- |
5,961 |
925 |
||||
Net income (loss) |
1,643,739 |
(272,616) |
(52,790) |
1,318,333 |
204,602 |
||||
(vi) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||
First nine months |
|||||||||
ended September 30, 2021 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Cost of revenues |
7,812 |
6,736 |
- |
14,548 |
2,258 |
||||
Research and development |
78,259 |
25,009 |
- |
103,268 |
16,027 |
||||
Sales and marketing |
37,157 |
22,640 |
- |
59,797 |
9,280 |
||||
General and administrative |
238,408 |
(66,826) |
- |
171,582 |
26,629 |
||||
Total cost and expenses |
361,636 |
(12,441) |
- |
349,195 |
54,194 |
||||
Hello Group Inc. |
|||||||||
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
First nine months |
|||||||||
ended September 30, 2021 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Operating income (loss) |
1,960,989 |
(281,011) |
(52,915) |
1,627,063 |
252,516 |
||||
Share-based compensation |
361,636 |
(12,441) |
- |
349,195 |
54,194 |
||||
Amortization of intangible assets from business acquisitions |
- |
104,004 |
- |
104,004 |
16,141 |
||||
Non-GAAP operating income (loss) |
2,322,625 |
(189,448) |
(52,915) |
2,080,262 |
322,851 |
||||
Net income (loss) |
1,643,739 |
(272,616) |
(52,790) |
1,318,333 |
204,602 |
||||
Share-based compensation |
361,636 |
(12,441) |
- |
349,195 |
54,194 |
||||
Amortization of intangible assets from business acquisitions |
- |
104,004 |
- |
104,004 |
16,141 |
||||
Tax impacts |
- |
(26,002) |
- |
(26,002) |
(4,035) |
||||
Non-GAAP net income (loss) |
2,005,375 |
(207,055) |
(52,790) |
1,745,530 |
270,902 |
||||
ИСТОЧНИК Hello Group Inc.
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