← Hello Group Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $553.1m | $1.3b | $2.0b | $2.4b | $2.3b | $2.3b | $1.8b | $1.7b | $1.4b | $1.5b | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $13.4b | $17.0b | $15.0b | $14.6b | — | — | — | — | |
| Cost of Revenue | $241.5m | $649.3m | $1.0b | $1.2b | $1.2b | $1.3b | $1.1b | $989.5m | $883.3m | $921.9m | |
| Cost of revenues (including share-based compensation of RMB6,307, RMB7,643 and RMB8,406 in 2023, 2024 and 2025, respectively) | ($241.5m) | ($649.3m) | ($7.2b) | ($8.5b) | ($8.0b) | ($8.4b) | ($7.4b) | ($7.0b) | ($6.4b) | ($6.4b) | |
| Gross Profit (Calculated) | $311.6m | $669.0m | $905.5m | $1.2b | $1.1b | $971.7m | $765.9m | $701.0m | $563.8m | $560.6m | |
| Research and development (including share-based compensation of RMB64,561, RMB43,526 and RMB41,998 in 2023, 2024 and 2025, respectively) | ($31.4m) | ($51.5m) | ($760.6m) | ($1.1b) | ($1.2b) | ($1.1b) | ($1.0b) | ($884.6m) | ($804.4m) | ($779.4m) | |
| Operating expenses: | |||||||||||
| Operating Income (Loss) | $144.5m | $360.9m | $475.1m | $510.6m | $388.0m | ($375.0m) | $236.0m | $324.7m | $210.0m | $193.7m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | — | $714k | $13.5m | $22.7m | $24.1m | $17.1m | $742k | $721k | $806k | $5.5m | |
| Gain (Loss) on Investments | — | — | — | — | $230k | ($2.5m) | ($1.6m) | ($4.4m) | ($12.4m) | ($6k) | |
| Goodwill, Impairment Loss | — | — | — | — | — | $4.0b | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | — | — | $1.7b | |
| Income (Loss) from Equity Method Investments | $3.5m | $5.9m | $7.1m | ($3.4m) | ($6.5m) | ($1.3m) | $1.6m | ($9.9m) | $8.1m | ($1.8m) | |
| Investment Income, Interest | $8.2m | $21.6m | $39.7m | $58.5m | $68.1m | $60.3m | $53.5m | $61.4m | $70.0m | $53.5m | |
| Other Operating Income | $406k | $23.4m | $36.9m | $3.6b | $2.5b | $27.6m | $3.0m | $18.3m | $8.1m | $5.4m | |
| Sales and marketing (including share-based compensation of RMB29,066, RMB19,520 and RMB15,874 in 2023, 2024 and 2025, respectively) | ($97.2m) | ($217.4m) | ($1.8b) | ($2.7b) | ($2.8b) | ($2.6b) | ($2.1b) | ($1.4b) | ($1.3b) | ($1.4b) | |
| General and administrative (including share-based compensation of RMB167,167, RMB121,883 and RMB96,467 in 2023, 2024 and 2025, respectively) | ($39.0m) | ($62.6m) | ($640.0m) | ($1.5b) | ($763.1m) | ($624.7m) | ($596.0m) | ($502.5m) | ($507.7m) | ($455.4m) | |
| Interest income | $8.2m | $21.6m | $272.9m | $407.5m | $444.5m | $384.3m | $368.9m | $436.3m | $511.0m | $374.5m | |
| Other gain or (loss), net | — | — | ($43.2m) | ($15.7m) | $1.5m | ($16.0m) | $118.3m | ($26.7m) | ($90.5m) | $5.7m | |
| Income before share of (loss) income on equity method investments | $141.8m | $312.1m | $2.7b | $3.0b | $2.1b | ($2.9b) | $1.5b | $2.0b | $980.4m | $819.4m | |
| Share of (loss) income on equity method investments | $3.5m | $5.9m | $48.7m | ($23.4m) | ($42.5m) | ($8.1m) | $11.1m | ($70.6m) | $59.2m | ($12.9m) | |
| Less: net (loss) income attributable to non-controlling interest | — | ($542k) | ($27.2m) | ($10.1m) | ($3.1m) | ($12.0m) | ($4.3m) | ($5.9m) | $0 | $2.5m | |
| Income before income tax and share of (loss) income on equity method investments | $146.9m | $378.1m | $3.4b | $3.9b | $2.9b | ($2.1b) | $2.0b | $2.7b | $1.8b | $1.7b | |
| Net Income (Loss) Attributable to Parent | $145.2m | $318.6m | $409.5m | $3.0b | $2.1b | ($2.9b) | $1.5b | $2.0b | $1.0b | $804.0m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $145.2m | $318.6m | $409.5m | $426.7m | $322.4m | ($457.2m) | $215.2m | $275.7m | $142.4m | $115.0m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | ($542k) | ($4.0m) | ($1.5m) | ($474k) | ($1.9m) | ($620k) | ($829k) | $0 | $359k | |
| Earnings Per Share, Basic | $0.38 | $0.81 | $1.01 | $1.03 | $0.77 | ($1.13) | $0.55 | $0.73 | $0.39 | $0.35 | |
| Earnings Per Share, Diluted | $0.36 | $0.77 | $0.96 | $0.97 | $0.74 | ($1.13) | $0.53 | $0.69 | $0.38 | $0.34 | |
| Weighted Average Number of Shares Outstanding, Basic | 377.3m | 394.5m | 407.0m | 415.3m | 416.9m | 404.7m | 390.2m | 377.6m | 369.3m | 332.4m | |
| Weighted Average Number of Shares Outstanding, Diluted | 407.0m | 415.3m | 433.1m | 451.2m | 452.1m | 404.7m | 423.8m | 401.8m | 373.6m | 338.6m | |
| Research and Development Expense | — | — | $760.6m | $1.1b | $1.2b | $1.1b | — | — | — | — | |
| General and Administrative Expense | $39.0m | $62.6m | $93.1m | $219.4m | $117.0m | $98.0m | $86.4m | $70.8m | $69.5m | $65.1m | |
| Selling and Marketing Expense | $97.2m | $217.4m | $263.6m | $386.5m | $431.3m | $408.7m | $300.6m | $199.3m | $182.2m | $195.7m | |
| Costs and Expenses | $409.0m | $980.8m | $1.5b | $2.0b | $1.9b | $2.7b | $1.6b | $1.4b | $1.2b | $1.3b | |
| Operating Lease, Expense | — | — | — | $160.8m | $154.4m | $190.6m | $170.5m | $97.8m | $128.9m | $150.1m | |
| Interest Expense | — | — | $8.2m | $11.3m | $12.1m | $11.6m | $12.1m | $8.8m | $17.5m | $10.4m | |
| Current Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | $398.5m | $566.1m | |
| Income tax expense | ($5.1m) | ($66.0m) | ($699.6m) | ($883.8m) | ($755.6m) | ($822.6m) | ($562.3m) | ($630.0m) | ($845.0m) | ($842.9m) | |
| Other Cost of Operating Revenue | — | — | — | — | — | — | — | — | — | $987.5m | |
| Other Operating Income (Expense), Net | $406k | $360.9m | $253.7m | $49.5m | $35.1m | $175.9m | $20.6m | $130.1m | $1.5b | $1.4b | |
| Total cost and expenses | ($409.0m) | ($980.8m) | ($10.4b) | ($13.8b) | ($12.7b) | ($17.1b) | ($11.1b) | ($9.8b) | ($9.1b) | ($9.1b) | |
| Income Tax Expense (Benefit) | $5.1m | $66.0m | $101.8m | $127.0m | $115.8m | $129.1m | $81.5m | $88.7m | $115.8m | $120.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.