Key Points – Q1 revenue fell 5% to RMB 2.39 billion as weakness in mainland China offset strong overseas growth, but adjusted operating income still rose 1% to RMB 349 million on improved margins. – Domestic business remains under pressure from tax scrutiny, softer consumer…
ntiment, and Alipay billing changes, with Momo revenue down 15% year over year and Tantan paying users slipping to 600,000. – Overseas operations were the main growth engine, with revenue up 44% year over year as newer MENA products surged, while Hello Group also highlighted AI investments and reaffirmed expectations for near-flat to slightly lower full-year revenue. – Hello Group Stock is Attractive Value Speculators Hello Group (NASDAQ:MOMO) reported a decline in first-quarter revenue as weakness in its mainland China operations offset rapid growth overseas, while management said adjusted operating income edged higher on improved margins. For the first quarter of 2026, total revenue was RMB 2.39 billion, down 5% from a year earlier and 7% from the prior quarter, according to CFO Hui Peng
Non-GAAP net income attributable to shareholders was RMB 328.8 million, compared with RMB 403.8 million in the same period of 2025 and RMB 281.3 million in the previous quarter. – MOMO Is Not Getting Love From Investors Sichuan Zhang said the company maintained “steady business momentum” during the quarter, with domestic operations remaining healthy despite external pressure and overseas revenue continuing to grow. Domestic revenue was RMB 1.79 billion, down 15% year over year, while overseas revenue rose 44% to RMB 597 million. Overseas revenue accounted for 25% of total revenue, up from 16% in the prior-year quarter.
Adjusted operating income was RMB 349 million, up 1% year over year, with an adjusted operating margin of 14.6%. Domestic Business Pressured by Tax Scrutiny and Consumer Sentiment Management said Momo, the company’s core domestic platform, remains focused on stabilizing its user base and…