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Form 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

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

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of December 2021

Commission File Number: 001-36765

Hello Group Inc.

20^th Floor, Block B

Tower 2, Wangjing SOHO

No. 1 Futongdong Street

Chaoyang District, Beijing 100102

People’s Republic of China

(Address of principal executive offices)

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

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

SIGNATURES

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


Hello Group Inc.

By:		/s/ Jonathan Xiaosong Zhang
Name:		Jonathan Xiaosong Zhang
Title:		Chief Financial Officer

Date: December 1, 2021

Exhibit Index

Exhibit 99.1—Press Release

EX-99.1

Exhibit 99.1

Hello Group Inc. Announces Unaudited Financial Results for the Third Quarter of 2021

BEIJING, CHINA, November 30, 2021 – 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 2021.

Third Quarter of 2021 Highlights

•

Net revenues decreased by 0.2% year over year to RMB3,759.2 million (US$583.4 million^*) in the third quarter of 2021.

•

Net income attributable to Hello Group Inc. decreased to RMB403.2 million (US$62.6 million) in the third quarter of 2021 from RMB456.7 million in the same period of 2020.

•

Non-GAAP net income attributable to Hello Group Inc. (note 1) decreased to RMB571.6 million (US$88.7 million) in the third quarter of 2021, from RMB653.8 million in the same period of 2020.

•

Diluted net income per American Depositary Share (“ADS”) was RMB1.93 (US$0.30) in the third quarter of 2021, compared to RMB2.11 in the same period of 2020.

•

Non-GAAP diluted net income per ADS (note 1) was RMB2.70 (US$0.42) in the third quarter of 2021, compared to RMB2.98 in the same period of 2020.

•

Monthly Active Users (“MAU”) on Momo application were 115.5 million in September 2021, compared to 113.6 million in September 2020.

•

Total paying users of live video service and value-added service, without double counting the overlap and including 2.9 million paying users of Tantan Limited (“Tantan”), were 12.2 million for the third quarter of 2021, compared to 13.1 million for the third quarter of 2020, which included 4.1 million paying users of Tantan.

First Nine Months of 2021 Highlights

•

Net revenues decreased 2.9% year over year to RMB10,901.5 million (US$1,691.9 million) for the first nine months of 2021.

•

Net income attributable to Hello Group Inc. was RMB1,329.0 million (US$206.3 million) for the first nine months of 2021, compared with RMB1,452.0 million during the same period of 2020.

•

Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB1,756.2 million (US$272.6 million) for the first nine months of 2021, compared with RMB2,059.8 million during the same period of 2020.

•

Diluted net income per ADS was RMB6.22 (US$0.97) for the first nine months of 2021, compared with RMB6.68 during the same period of 2020.

•

Non-GAAP diluted net income per ADS (note 1) was RMB8.14 (US$1.26) for the first nine months of 2021, compared with RMB9.36 during the same period of 2020.

“The third quarter of 2021 was a good quarter with solid financial results.” commented Li Wang, CEO of Hello Group. “We continued to push forward with all of our strategic goals. For the first time since the beginning of the COVID-19 pandemic, core Momo revenue has achieved year-over-year growth.

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 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.

Although we still have many hard work to do at Tantan, I am glad that we are finally on track to make concrete progresses on the product fronts.”

Third Quarter of 2021 Financial Results

Net revenues

Total net revenues were RMB3,759.2 million (US$583.4 million) in the third quarter of 2021, a decrease of 0.2% from RMB3,766.7 million in the third quarter of 2020.

Live video service revenues were RMB2,166.7 million (US$336.3 million) in the third quarter of 2021, a decrease of 8.8% from RMB2,374.8 million during the same period of 2020. The decrease was primarily attributable to (a) the decrease in Tantan’s live streaming revenue due to the shift of our strategic focus; (b) our structural reform on the Company’s core live video business.

Value-added service revenues mainly include virtual gift revenues and membership subscription revenues. Total value-added service revenues were RMB1,533.3 million (US$238.0 million) in the third quarter of 2021, an increase of 15.2% from RMB1,330.8 million during the same period of 2020. The year-over-year increase was primarily attributable to the continued growth of the virtual gift business on the Momo application driven by the introduction of innovative features and operational events in the audio and video social entertainment experiences, and to a lesser extent, incremental revenues contributed by new standalone apps. The increase was partially offset by the decrease in the value-added service revenues of Tantan, due to our demonetization measures to improve user experience and retention.

Mobile marketing revenues were RMB43.3 million (US$6.7 million) in the third quarter of 2021, a decrease of 14.1% from RMB50.4 million during the same period of 2020. The decrease in mobile marketing revenues was due to our strategy to underweight the line in terms of resource allocation, and to a lesser extent, our product adjustment to address new regulation requirement.

Mobile games revenues were RMB8.1 million (US$1.3 million) in the third quarter of 2021, an increase of 1.0% from RMB8.0 million in the third quarter of 2020.

Net revenues from the Momo segment increased from RMB3,037.0 million in the third quarter of 2020 to RMB3,246.3 million (US$503.8 million) in the third quarter of 2021, primarily due to the increase in net revenues from value-added service, partially offset by the decrease in net revenues from live video service. Net revenues from the Tantan segment decreased from RMB728.9 million in the third quarter of 2020 to RMB510.7 million (US$79.3 million) in the third quarter of 2021, due to the shift of our strategic focus from driving paying conversion to lowering the monetization level in order to improve user experience and drive overall user growth.

Cost and expenses

Cost and expenses were RMB3,319.9 million (US$515.2 million) in the third quarter of 2021, an increase of 1.9% from RMB3,258.5 million in the third quarter of 2020. The increase was primarily attributable to: (a) an increase in revenue sharing with virtual gift recipients for our virtual gift service, and broadcasters related to Momo’s core live video service; (b) an increase of RMB48.5 million (US$7.5 million) in production costs in connection with a television program and a film. These increases were partially offset by a decrease in revenue sharing with broadcasters related to Tantan’s live video service, a decrease in marketing and promotional expenses to attract users on Tantan platforms, and a decrease in personnel related costs including share-based compensation expenses resulting from the decreased number of employees and the decreased fair value of the share options granted during the period.

Non-GAAP cost and expenses (note 1) were RMB3,143.2 million (US$487.8 million) in the third quarter of 2021, an increase of 3.0% from RMB3,052.0 million during the same period of 2020.

Income from operations

Income from operations was RMB460.5 million (US$71.5 million) in the third quarter of 2021, compared to RMB531.1 million during the same period of 2020. Income from operations of the Momo segment was RMB676.5 million (US$105.0 million) in the third quarter of 2021, which increased from RMB658.7 million in the third quarter of 2020. Loss from operations of the Tantan segment was RMB179.8 million (US$27.9 million) in the third quarter of 2021, compared to loss from operations of RMB121.5 million in the third quarter of 2020.

Non-GAAP income from operations (note 1) was RMB637.2 million (US$98.9 million) in the third quarter of 2021, compared to RMB737.6 million during the same period of 2020. Non-GAAP income from operations of the Momo segment was RMB786.3 million (US$122.0 million) in the third quarter of 2021, which decreased from RMB805.8 million in the third quarter of 2020. Non-GAAP loss from operations of the Tantan segment was RMB112.9 million (US$17.5 million) in the third quarter of 2021, compared to non-GAAP loss from operations of RMB64.7 million in the third quarter of 2020.

Income tax expenses

Income tax expenses were RMB143.2 million (US$22.2 million) in the third quarter of 2021, compared to RMB143.6 million in the third quarter of 2020.

Net income

Net income was RMB395.9 million (US$61.4 million) in the third quarter of 2021, compared to RMB456.0 million during the same period of 2020. Net income from the Momo segment was RMB611.1 million (US$94.8 million) in the third quarter of 2021, which increased from RMB576.2 million in the third quarter of 2020. Net loss from the Tantan segment was RMB179.0 million (US$27.8 million) in the third quarter of 2021, compared to net loss of RMB114.2 million in the third quarter of 2020.

Non-GAAP net income (note 1) was RMB564.3 million (US$87.6 million) in the third quarter of 2021, compared to RMB653.1 million during the same period of 2020. Non-GAAP net income from the Momo segment was RMB720.9 million (US$111.9 million) in the third quarter of 2021, which decreased from RMB723.4 million in the third quarter of 2020. Non-GAAP net loss of the Tantan segment was RMB120.5 million (US$18.7 million) in the third quarter of 2021, compared to non-GAAP net loss of RMB66.9 million in the third quarter of 2020.

Net income attributable to Hello Group Inc.

Net income attributable to Hello Group Inc. was RMB403.2 million (US$62.6 million) in the third quarter of 2021, compared to RMB456.7 million during the same period of 2020.

Non-GAAP net income (note 1) attributable to Hello Group Inc. was RMB571.6 million (US$88.7 million) in the third quarter of 2021, compared to RMB653.8 million during the same period of 2020.

Net income per ADS

Diluted net income per ADS was RMB1.93 (US$0.30) in the third quarter of 2021, compared to RMB2.11 in the third quarter of 2020.

Non-GAAP diluted net income per ADS (note 1) was RMB2.70 (US$0.42) in the third quarter of 2021, compared to RMB2.98 in the third quarter of 2020.

Cash and cash flow

As of September 30, 2021, the Company’s cash, cash equivalents, short-term deposits, long-term deposits, short-term restricted cash and long-term restricted cash totaled RMB15,173.3 million (US$2,354.9 million), compared to RMB16,482.3 million as of December 31, 2020. Net cash provided by operating activities in the third quarter of 2021 was RMB559.9 million (US$86.9 million), compared to RMB691.1 million in the third quarter of 2020.

First Nine Months of 2021 Financial Results

Net revenues for the first nine months of 2021 were RMB10,901.5 million (US$1,691.9 million), a decrease of 2.9% from RMB11,229.0 million in the same period of 2020.

Net income attributable to Hello Group Inc. was RMB1,329.0 million (US$206.3 million) for the first nine months of 2021, compared to RMB1,452.0 million during the same period of 2020.

Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB1,756.2 million (US$272.6 million) for the first nine months of 2021, compared to RMB2,059.8 million during the same period of 2020.

Diluted net income per ADS was RMB6.22 (US$0.97) during the first nine months of 2021, compared to RMB6.68 in the same period of 2020.

Non-GAAP diluted net income per ADS (note 1) was RMB8.14 (US$1.26) during the first nine months of 2021, compared to RMB9.36 in the same period of 2020.

Net cash provided by operating activities was RMB893.7 million (US$138.7 million) during the first nine months of 2021, compared to RMB2,041.8 million in the same period of 2020.

Execution of share repurchase program

On September 3, 2020, the Company’s board of directors authorized a share repurchase program under which the Company may repurchase up to US$300 million of its shares over the next 12 months. As of September 2, 2021, the Company had repurchased 14.15 million ADSs for a total consideration of US$182.4 million on the open market under this program, at an average purchase price of US$12.87 per ADS.

Business Outlook

For the fourth quarter of 2021, the Company expects total net revenues to be between RMB3.60 billion to RMB3.75 billion, representing a decrease of 5.1% to 1.2% year-over-year. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change.

Note 1: Non-GAAP measures

To supplement our consolidated financial statements presented in accordance with U.S. generally accepted accounting principles (“GAAP”), we, Hello Group, use various non-GAAP financial measures that are adjusted from the most comparable GAAP results to exclude share-based compensation and 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 attributable to Hello Group Inc., and diluted net income per ADS) is adjusted from the most comparable GAAP results to exclude share-based compensation, amortization of intangible assets from business acquisitions, and tax impacts related to the amortization of intangible assets from business acquisitions. A limitation of using these non-GAAP financial measures is that share-based compensation, amortization of intangible assets from business acquisitions, and tax impacts related to the amortization of intangible assets from business acquisitions have been and will continue to be for the foreseeable future significant recurring expenses in our results of operations. We compensate for such limitation by providing reconciliations of our non-GAAP measures to our U.S. GAAP measures. Please see the reconciliation tables at the end of this earnings release.

Conference Call

Hello Group’s management will host an earnings conference call on Tuesday, November 30, 2021, at 8:00 a.m. U.S. Eastern Time (9:00 p.m. Beijing / Hong Kong Time on November 30, 2021).

All participants must preregister online prior to the call to receive the dial-in details. Once preregistration has been complete, participants will receive dial-in numbers, direct event passcode, and a unique registrant ID.

PRE-REGISTER LINK http://apac.directeventreg.com/registration/event/7139276

To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the passcode followed by your registrant ID, and you will join the conference instantly.

A telephone replay of the call will be available after the conclusion of the conference call through 8:00 a.m. U.S. Eastern Time, December 8, 2021. The dial-in details for the replay are as follows:

International: +61-2-8199-0299

U.S. Toll Free: +1-855-452-5696

Passcode: 7139276

Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of the Company’s website at http://ir.immomo.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. It 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: +86-10-5731-0538

Email: ir@immomo.com

Christensen

In China

Mr. Eric Yuan

Phone: +86-10-5900-1548

E-mail: Eyuan@christensenir.com

In US

Ms. Linda Bergkamp

Phone: +1-480-614-3004

Email: lbergkamp@christensenir.com

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 2021, 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 2021 are preliminary, unaudited and subject to audit adjustment. In addition, we may not meet our financial outlook for the fourth quarter of 2021 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
	2020			2021			2021			2020			2021			2021
	RMB			RMB			US$			RMB			RMB			US$
Net revenues:
Live video service		2,374,824			2,166,733			336,272			7,309,704			6,230,160			966,906
Value-added service		1,330,839			1,533,288			237,962			3,710,913			4,496,059			697,777
Mobile marketing		50,415			43,323			6,724			145,534			133,641			20,741
Mobile games		7,975			8,052			1,250			32,230			28,418			4,410
Other services		2,598			7,784			1,208			30,606			13,212			2,051

Total net revenues		3,766,651			3,759,180			583,416			11,228,987			10,901,490			1,691,885
Cost and expenses:
Cost of revenues		(2,020,779	)		(2,183,337	)		(338,849	)		(5,934,000	)		(6,191,911	)		(960,970	)
Research and development		(299,221	)		(260,939	)		(40,497	)		(840,382	)		(815,757	)		(126,604	)
Sales and marketing		(754,892	)		(680,896	)		(105,673	)		(2,116,200	)		(1,944,705	)		(301,813	)
General and administrative		(183,649	)		(194,734	)		(30,222	)		(540,959	)		(459,443	)		(71,304	)

Total cost and expenses		(3,258,541	)		(3,319,906	)		(515,241	)		(9,431,541	)		(9,411,816	)		(1,460,691	)
Other operating income		22,944			21,221			3,293			140,392			137,389			21,322

Income from operations		531,054			460,495			71,468			1,937,838			1,627,063			252,516
Interest income		104,232			93,564			14,521			343,591			284,706			44,186
Interest expense		(19,885	)		(18,669	)		(2,897	)		(59,825	)		(55,332	)		(8,587	)
Other gain or loss, net		—			—			—			(6,000	)		(18,000	)		(2,794	)

Income before income tax and share of income on equity method investments		615,401			535,390			83,092			2,215,604			1,838,437			285,321
Income tax expenses		(143,615	)		(143,158	)		(22,218	)		(750,139	)		(526,065	)		(81,644	)

Income before share of income on equity method investments		471,786			392,232			60,874			1,465,465			1,312,372			203,677
Share of (loss) income on equity method investments		(15,763	)		3,658			568			(16,203	)		5,961			925

Net income		456,023			395,890			61,442			1,449,262			1,318,333			204,602

Less: net loss attributable to non-controlling interest		(705	)		(7,301	)		(1,133	)		(2,772	)		(10,677	)		(1,657	)

Net income attributable to the shareholders of Hello Group Inc.		456,728			403,191			62,575			1,452,034			1,329,010			206,259

Net income per share attributable to ordinary shareholders
Basic		1.09			1.01			0.16			3.48			3.26			0.51
Diluted		1.05			0.96			0.15			3.34			3.11			0.48
Weighted average shares used in calculating net income per ordinary share
Basic		417,884,266			400,835,428			400,835,428			417,580,609			408,074,205			408,074,205
Diluted		452,724,863			437,639,164			437,639,164			452,854,314			444,906,615			444,906,615

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
	2020			2021			2021			2020			2021			2021
	RMB			RMB			US$			RMB			RMB			US$
Net income		456,023			395,890			61,442			1,449,262			1,318,333			204,602
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustment		(80,618	)		368			57			(72,667	)		(31,830	)		(4,940	)

Comprehensive income		375,405			396,258			61,499			1,376,595			1,286,503			199,662
Less: comprehensive loss attributed to the non-controlling interest		(9,953	)		(7,540	)		(1,170	)		(16,945	)		(13,323	)		(2,068	)

Comprehensive income attributable to Hello Group Inc.		385,358			403,798			62,669			1,393,540			1,299,826			201,730

Hello Group Inc.

Unaudited Condensed Consolidated Balance Sheets

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


	December 31		September 30		September 30
	2020		2021		2021
	RMB		RMB		US$
Assets
Current assets
Cash and cash equivalents		3,363,942		3,283,840		509,644
Short-term deposits		7,566,250		6,010,000		932,737
Restricted cash		2,130		2,135		331
Accounts receivable, net of allowance for doubtful accounts of RMB15,390 and RMB15,633 as of December 31, 2020 and September 30, 2021, respectively		200,831		218,944		33,980
Prepaid expenses and other current assets		613,696		820,157		127,286

Total current assets		11,746,849		10,335,076		1,603,978
Long-term deposits		5,550,000		5,800,000		900,146
Long-term restricted cash		—		77,321		12,000
Right-of-use assets, net		278,175		303,623		47,122
Property and equipment, net		265,765		208,529		32,363
Intangible assets, net		687,211		572,687		88,880
Rental deposits		21,794		19,133		2,969
Long-term investments		454,996		737,347		114,434
Other non-current assets		94,868		81,608		12,665
Deferred tax assets		32,495		34,511		5,356
Goodwill		4,088,403		4,037,551		626,618

Total assets		23,220,556		22,207,386		3,446,531

Liabilities and equity
Current liabilities
Accounts payable		699,394		720,107		111,758
Deferred revenue		511,617		530,453		82,325
Accrued expenses and other current liabilities		854,835		803,564		124,711
Amount due to related parties		19,462		14,766		2,292
Lease liabilities due within one year		132,793		164,357		25,508
Income tax payable		236,490		165,058		25,617
Deferred consideration in connection with business acquisitions		62,149		45,350		7,038

Total current liabilities		2,516,740		2,443,655		379,249
Deferred tax liabilities		171,803		142,915		22,180
Convertible senior notes		4,658,966		4,612,019		715,774
Share-based compensation liability		875,616		—		—
Lease liabilities		136,436		141,949		22,030
Other non-current liabilities		25,666		141,054		21,891

Total liabilities		8,385,227		7,481,592		1,161,124
Shareholder’s equity (i)		14,835,329		14,725,794		2,285,407

Total liabilities and shareholder’s equity		23,220,556		22,207,386		3,446,531

(i):	As of September 30, 2021, the number of ordinary shares outstanding was 393,903,538.

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
	2020			2021			2021			2020			2021			2021
	RMB			RMB			US$			RMB			RMB			US$

Cash flows from operating activities:
Net income		456,023			395,890			61,442			1,449,262			1,318,333			204,602
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment		49,024			38,696			6,006			153,615			121,311			18,827
Amortization of intangible assets		39,347			34,722			5,389			119,517			107,783			16,728
Share-based compensation		168,475			143,280			22,237			521,102			349,195			54,194
Share of loss (income) on equity method investments		15,763			(3,658	)		(568	)		16,203			(5,961	)		(925	)
Loss on long-term investments		—			—			—			6,000			18,000			2,794
Gain on subsidiary deconsolidation		—			—			—			(6,676	)		—			—
Gain on disposal of subsidiaries		—			—			—			—			(15,526	)		(2,410	)
(Gain) loss on disposal of property and equipment		(284	)		2,351			365			(285	)		1,272			197
Provision of losses (income) on receivable and other assets		26,006			(322	)		(50	)		26,412			242			38
Cash received on investment income distribution		—			—			—			1,153			—			—
Changes in operating assets and liabilities:
Accounts receivable		15,968			(1,616	)		(251	)		17,714			(24,358	)		(3,780	)
Prepaid expenses and other current assets		(207,586	)		(85,048	)		(13,199	)		(163,753	)		(203,666	)		(31,608	)
Amount due from a related party		2,029			—			—			4,382			—			—
Rental deposits		(83	)		(922	)		(143	)		107			(1,514	)		(235	)
Deferred tax assets		561			(782	)		(121	)		3,034			(2,016	)		(313	)
Other non-current assets		9,930			(57,100	)		(8,862	)		28,181			(8,050	)		(1,249	)
Accounts payable		(62,189	)		(28,400	)		(4,408	)		(78,664	)		19,422			3,014
Income tax payable		112,799			24,947			3,872			177,855			(71,431	)		(11,086	)
Deferred revenue		17,442			9,369			1,454			(15,830	)		25,454			3,950
Accrued expenses and other current liabilities		52,819			56,954			8,839			(161,411	)		(38,829	)		(6,026	)
Amount due to related parties		13,495			1,860			289			2,262			(4,696	)		(729	)
Deferred tax liability		(9,837	)		(8,676	)		(1,346	)		(29,880	)		(26,941	)		(4,181	)
Share-based compensation liability		—			—			—			—			(678,153	)		(105,248	)
Other non-current liabilities		(8,648	)		38,335			5,949			(28,500	)		13,818			2,145

Net cash provided by operating activities		691,054			559,880			86,894			2,041,800			893,689			138,699
Cash flows from investing activities:
Purchase of property and equipment		(24,078	)		(30,919	)		(4,799	)		(108,048	)		(76,122	)		(11,814	)
Payment for long-term investments		—			—			—			(4,500	)		(300,000	)		(46,559	)
Purchase of short-term deposits		(3,053,307	)		(2,100,000	)		(325,915	)		(11,295,165	)		(4,576,688	)		(710,291	)
Cash received on maturity of short-term deposits		4,337,085			3,458,658			536,775			15,622,659			6,117,570			949,432
Payment for short-term investments		—			—			—			(10,000	)		—			—
Cash received from sales of short-term investment		—			—			—			10,000			—			—
Cash received on investment income distribution		—			—			—			—			5,610			871
Cash of disposed subsidiaries		—			—			—			—			(8,750	)		(1,358	)
Purchase of long-term deposits		(1,550,000	)		—			—			(4,350,000	)		(250,000	)		(38,799	)
Other investing activities		457			13			2			(319	)		2,406			373

Net cash (used in) provided by investing activities		(289,843	)		1,327,752			206,063			(135,373	)		914,026			141,855
Cash flows from financing activities:
Deferred payment for business acquisition		—			—			—			(18,355	)		(12,907	)		(2,003	)
Proceeds from exercise of share options		54			461			72			55			771			120
Repurchase of ordinary shares		(132,407	)		(756,714	)		(117,440	)		(132,407	)		(862,865	)		(133,915	)
Repurchase of subsidiary’s share options		(24,900	)		(48,489	)		(7,525	)		(24,900	)		(54,050	)		(8,388	)
Dividends payment		—			—			—			(1,123,983	)		(852,743	)		(132,344	)

Net cash used in financing activities		(157,253	)		(804,742	)		(124,893	)		(1,299,590	)		(1,781,794	)		(276,530	)
Effect of exchange rate changes		(45,135	)		(3,661	)		(571	)		(43,174	)		(28,697	)		(4,455	)

Net increase (decrease) in cash and cash equivalents		198,823			1,079,229			167,493			563,663			(2,776	)		(431	)
Cash, cash equivalents and restricted cash at the beginning of period		2,977,583			2,284,067			354,482			2,612,743			3,366,072			522,406

Cash, cash equivalents and restricted cash at the end of period		3,176,406			3,363,296			521,975			3,176,406			3,363,296			521,975

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.


	Three months													Three months													Three months
	Ended September 30, 2020													Ended September 30, 2021													Ended September 30, 2021
	GAAP RMB			Amortization of intangible assets from business acquisitions RMB		Share-based compensation RMB		Tax impacts (ii) RMB			Non-GAAP RMB			GAAP RMB			Amortization of intangible assets from business acquisitions RMB		Share-based compensation RMB		Tax impacts (ii) RMB			Non-GAAP RMB			GAAP US$			Amortization of intangible assets from business acquisitions US$		Share-based compensation US$		Tax impacts (ii) US$			Non-GAAP US$
Cost of revenues		(2,020,779	)		18,472		4,434		—			(1,997,873	)		(2,183,337	)		17,286		6,623		—			(2,159,428	)		(338,849	)		2,683		1,028		—			(335,138	)
Research and development		(299,221	)		2,346		44,610		—			(252,265	)		(260,939	)		—		29,094		—			(231,845	)		(40,497	)		—		4,515		—			(35,982	)
Sales and marketing		(754,892	)		17,275		41,583		—			(696,034	)		(680,896	)		16,165		27,653		—			(637,078	)		(105,673	)		2,509		4,292		—			(98,872	)
General and administrative		(183,649	)		—		77,848		—			(105,801	)		(194,734	)		—		79,910		—			(114,824	)		(30,222	)		—		12,402		—			(17,820	)

Cost and operating expenses		(3,258,541	)		38,093		168,475		—			(3,051,973	)		(3,319,906	)		33,451		143,280		—			(3,143,175	)		(515,241	)		5,192		22,237		—			(487,812	)
Income from operations		531,054			38,093		168,475		—			737,622			460,495			33,451		143,280		—			637,226			71,468			5,192		22,237		—			98,897
Net income attributable to Hello Group Inc.		456,728			38,093		168,475		(9,523	)		653,773			403,191			33,451		143,280		(8,363	)		571,559			62,575			5,192		22,237		(1,298	)		88,706

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, 2020													Ended September 30, 2021													Ended September 30, 2021
	GAAP RMB			Amortization of intangible assets from business acquisitions RMB		Share-based compensation RMB		Tax impacts (ii) RMB			Non-GAAP RMB			GAAP RMB			Amortization of intangible assets from business acquisitions RMB		Share-based compensation RMB		Tax impacts (ii) RMB			Non-GAAP RMB			GAAP US$			Amortization of intangible assets from business acquisitions US$		Share-based compensation US$		Tax impacts (ii) US$			Non-GAAP US$
Cost of revenues		(5,934,000	)		56,046		14,207		—			(5,863,747	)		(6,191,911	)		51,853		14,548		—			(6,125,510	)		(960,970	)		8,047		2,258		—			(950,665	)
Research and development		(840,382	)		7,118		137,355		—			(695,909	)		(815,757	)		3,660		103,268		—			(708,829	)		(126,604	)		568		16,027		—			(110,009	)
Sales and marketing		(2,116,200	)		52,413		131,780		—			(1,932,007	)		(1,944,705	)		48,491		59,797		—			(1,836,417	)		(301,813	)		7,526		9,280		—			(285,007	)
General and administrative		(540,959	)		—		237,760		—			(303,199	)		(459,443	)		—		171,582		—			(287,861	)		(71,304	)		—		26,629		—			(44,675	)

Cost and operating expenses		(9,431,541	)		115,577		521,102		—			(8,794,862	)		(9,411,816	)		104,004		349,195		—			(8,958,617	)		(1,460,691	)		16,141		54,194		—			(1,390,356	)
Income from operations		1,937,838			115,577		521,102		—			2,574,517			1,627,063			104,004		349,195		—			2,080,262			252,516			16,141		54,194		—			322,851
Net income attributable to Hello Group Inc.		1,452,034			115,577		521,102		(28,894	)		2,059,819			1,329,010			104,004		349,195		(26,002	)		1,756,207			206,259			16,141		54,194		(4,035	)		272,559

(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, 2021
	Momo			Tantan			QOOL			Total			Total
	RMB			RMB			RMB			RMB			US$
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 (iii):
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

(iii)

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

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)


	Three months
	Ended September 30, 2020
	Momo			Tantan			QOOL			Total			Total
	RMB			RMB			RMB			RMB			US$¹
Net revenues:
Live video service		1,978,098			396,726			—			2,374,824			349,774
Value-added service		998,668			332,171			—			1,330,839			196,012
Mobile marketing		50,415			—			—			50,415			7,425
Mobile games		7,975			—			—			7,975			1,175
Other services		1,810			—			788			2,598			382

Total net revenues		3,036,966			728,897			788			3,766,651			554,768
Cost and expenses (iv):
Cost of revenues		(1,660,806	)		(358,743	)		(1,230	)		(2,020,779	)		(297,629	)
Research and development		(214,597	)		(84,624	)		—			(299,221	)		(44,070	)
Sales and marketing		(361,448	)		(393,437	)		(7	)		(754,892	)		(111,184	)
General and administrative		(164,331	)		(13,620	)		(5,698	)		(183,649	)		(27,049	)

Total cost and expenses		(2,401,182	)		(850,424	)		(6,935	)		(3,258,541	)		(479,932	)
Other operating income		22,893			—			51			22,944			3,379

Income (loss) from operations		658,677			(121,527	)		(6,096	)		531,054			78,215
Interest income		103,477			706			49			104,232			15,352
Interest expense		(19,885	)		—			—			(19,885	)		(2,929	)

Income (loss) before income tax and share of income on equity method investments		742,269			(120,821	)		(6,047	)		615,401			90,638
Income tax (expenses) benefits		(150,278	)		6,663			—			(143,615	)		(21,152	)

Income (loss) before share of income on equity method investments		591,991			(114,158	)		(6,047	)		471,786			69,486
Share of loss on equity method investments		(15,763	)		—			—			(15,763	)		(2,322	)

Net income (loss)		576,228			(114,158	)		(6,047	)		456,023			67,164

(iv)	Share-based compensation was allocated in cost of revenues and operating expenses as follows:


	Three months
	Ended September 30, 2020
	Momo		Tantan		QOOL		Total		Total
	RMB		RMB		RMB		RMB		US$
Cost of revenues		3,338		1,096		—		4,434		653
Research and development		32,296		12,314		—		44,610		6,570
Sales and marketing		37,110		4,473		—		41,583		6,125
General and administrative		74,416		837		2,595		77,848		11,466

Total cost and expenses		147,160		18,720		2,595		168,475		24,814

¹	All translations from RMB to U.S. dollars are made at a rate of RMB6.7896 to US$1.00, the effective noon buying rate for September 30, 2020 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, 2020
	Momo		Tantan			QOOL			Total			Total
	RMB		RMB			RMB			RMB			US$
Income (loss) from operations		658,677		(121,527	)		(6,096	)		531,054			78,215
Share-based compensation		147,160		18,720			2,595			168,475			24,814
Amortization of intangible assets from business acquisitions		—		38,093			—			38,093			5,611

Non-GAAP income (loss) from operations		805,837		(64,714	)		(3,501	)		737,622			108,640
Net income (loss)		576,228		(114,158	)		(6,047	)		456,023			67,164
Share-based compensation		147,160		18,720			2,595			168,475			24,814
Amortization of intangible assets from business acquisitions		—		38,093			—			38,093			5,611
Tax impacts		—		(9,523	)		—			(9,523	)		(1,403	)

Non-GAAP net income (loss)		723,388		(66,868	)		(3,452	)		653,068			96,186

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 (v):
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

(v)	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

Hello Group Inc.

Unaudited Condensed Segment Report

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


	First nine months
	Ended September 30, 2020
	Momo			Tantan			QOOL			Total			Total
	RMB			RMB			RMB			RMB			US$
Net revenues:
Live video service		6,715,266			594,438			—			7,309,704			1,076,603
Value-added service		2,677,575			1,033,338			—			3,710,913			546,559
Mobile marketing		145,534			—			—			145,534			21,435
Mobile games		32,230			—			—			32,230			4,747
Other services		9,168			—			21,438			30,606			4,507

Total net revenues		9,579,773			1,627,776			21,438			11,228,987			1,653,851
Cost and expenses (vi):
Cost of revenues		(5,189,765	)		(723,466	)		(20,769	)		(5,934,000	)		(873,984	)
Research and development		(601,271	)		(239,111	)		—			(840,382	)		(123,775	)
Sales and marketing		(1,093,008	)		(1,023,151	)		(41	)		(2,116,200	)		(311,683	)
General and administrative		(461,627	)		(61,128	)		(18,204	)		(540,959	)		(79,675	)

Total cost and expenses		(7,345,671	)		(2,046,856	)		(39,014	)		(9,431,541	)		(1,389,117	)
Other operating income		140,202			—			190			140,392			20,678

Income (loss) from operations		2,374,304			(419,080	)		(17,386	)		1,937,838			285,412
Interest income		340,531			2,867			193			343,591			50,605
Interest expense		(59,825	)		—			—			(59,825	)		(8,811	)
Other gain or loss, net		(6,000	)		—			—			(6,000	)		(884	)

Income (loss) before income tax and share of income on equity method investments		2,649,010			(416,213	)		(17,193	)		2,215,604			326,322
Income tax (expenses) benefits		(762,768	)		12,629			—			(750,139	)		(110,484	)

Income (loss) before share of income on equity method investments		1,886,242			(403,584	)		(17,193	)		1,465,465			215,838
Share of loss on equity method investments		(16,203	)		—			—			(16,203	)		(2,386	)

Net income (loss)		1,870,039			(403,584	)		(17,193	)		1,449,262			213,452

(vi)	Share-based compensation was allocated in cost of revenues and operating expenses as follows:


	First nine months
	Ended September 30, 2020
	Momo		Tantan		QOOL		Total		Total
	RMB		RMB		RMB		RMB		US$
Cost of revenues		12,345		1,862		—		14,207		2,092
Research and development		95,768		41,587		—		137,355		20,231
Sales and marketing		121,456		10,324		—		131,780		19,409
General and administrative		207,650		22,238		7,872		237,760		35,019

Total cost and expenses		437,219		76,011		7,872		521,102		76,751

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, 2020
	Momo		Tantan			QOOL			Total			Total
	RMB		RMB			RMB			RMB			US$
Operating income (loss)		2,374,304		(419,080	)		(17,386	)		1,937,838			285,412
Share-based compensation		437,219		76,011			7,872			521,102			76,751
Amortization of intangible assets from business acquisitions		—		115,577			—			115,577			17,023

Non-GAAP operating income (loss)		2,811,523		(227,492	)		(9,514	)		2,574,517			379,186
Net income (loss)		1,870,039		(403,584	)		(17,193	)		1,449,262			213,452
Share-based compensation		437,219		76,011			7,872			521,102			76,751
Amortization of intangible assets from business acquisitions		—		115,577			—			115,577			17,023
Tax impacts		—		(28,894	)		—			(28,894	)		(4,255	)

Non-GAAP net income (loss)		2,307,258		(240,890	)		(9,321	)		2,057,047			302,971