BEIJING, June 7, 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 first quarter of 2022.
First 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 RMB6.3393 to US$1.00, the effective noon buying rate for March 31, 2022 as set forth in the H.10 statistical release of the Federal Reserve Board. |
"Q1 2022 was a challenging yet fruitful quarter for us. I am pleased that our team was able to focus on our product and operational initiatives to cope with the headwinds from the resurgence of COVID-19 and related challenges, getting 2022 off to a good start." commented Li Wang, CEO of Hello Group.
First Quarter of 2022 Financial Results
Total net revenues were RMB3,148.1 million (US$496.6 million) in the first quarter of 2022, a decrease of 9.3% from RMB3,470.6 million in the first quarter of 2021.
Live video service revenues were RMB1,608.7 million (US$253.8 million) in the first quarter of 2022, a decrease of 18.0% from RMB1,962.1 million during the same period of 2021. The decrease was primarily attributable to consumption softness as a result of the macro headwind, and the strategic decision to scale back from Tantan's live streaming business.
Value-added service revenues mainly include virtual gift revenues and membership subscription revenues. Total value-added service revenues were RMB1,483.4 million (US$234.0 million) in the first quarter of 2022, an increase of 1.9% from RMB1,455.5 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, and to a lesser extent, the continued growth of the virtual gift business on the Momo application driven by product innovation. The increase was partially offset by the decrease in Tantan's value-added service as a result of its strategic decision to lower the monetization level in order to improve user experience and retention, as well as COVID's negative impact on users' dating sentiment and intention to pay for VAS.
Mobile marketing revenues were RMB27.9 million (US$4.4 million) in the first quarter of 2022, a decrease of 28.0% from RMB38.7 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, and our product adjustment to address new regulation requirement.
Mobile games revenues were RMB25.5 million (US$4.0 million) in the first quarter of 2022, an increase of 128.0% from RMB11.2 million in the first quarter of 2021, primarily due to one new mobile game launched in the second half of 2021.
Net revenues from the Momo segment decreased from RMB2,901.8 million in the first quarter of 2021 to RMB2,798.9 million (US$441.5 million) in the first quarter of 2022, primarily due to the decrease in net revenues from live video service. Net revenues from the Tantan segment decreased from RMB567.7 million in the first quarter of 2021 to RMB349.0 million (US$55.1 million) in the first quarter of 2022, due to our strategy to lower the monetization level in order to improve user experience and retention, as well as the impact from the elevated COVID situations.
Cost and expenses
Cost and expenses were RMB2,820.0 million (US$444.8 million) in the first quarter of 2022, a decrease of 6.5% from RMB3,016.3 million in the first quarter of 2021. The decrease was primarily attributable to: (a) 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; (b) a decrease in revenue sharing with broadcasters related to Momo's core live video service and Tantan's live video service; and (c) a decrease in depreciation and amortization cost due to the impairment of intangible assets in 2021. These decreases were partially offset by an increase in revenue sharing with virtual gift recipients for our virtual gift service.
Non-GAAP cost and expenses (note 1) were RMB2,711.4 million (US$427.7 million) in the first quarter of 2022, a decrease of 4.4% from RMB2,835.3 million during the same period of 2021.
Income from operations
Income from operations was RMB352.0 million (US$55.5 million) in the first quarter of 2022, compared to RMB480.2 million during the same period of 2021. Income from operations of the Momo segment was RMB519.2 million (US$81.9 million) in the first quarter of 2022, which decreased from RMB573.2 million in the first quarter of 2021. Loss from operations of the Tantan segment was RMB161.8 million (US$25.5 million) in the first quarter of 2022, compared to loss from operations of RMB89.3 million in the first quarter of 2021.
Non-GAAP income from operations (note 1) was RMB460.6 million (US$72.7 million) in the first quarter of 2022, compared to RMB661.2 million during the same period of 2021. Non-GAAP income from operations of the Momo segment was RMB624.0 million (US$98.4 million) in the first quarter of 2022, which decreased from RMB700.5 million in the first quarter of 2021. Non-GAAP loss from operations of the Tantan segment was RMB157.9 million (US$24.9 million) in the first quarter of 2022, compared to non-GAAP loss from operations of RMB35.6 million in the first quarter of 2021.
Income tax expenses
Income tax expenses were RMB150.8 million (US$23.8 million) in the first quarter of 2022, compared to RMB91.4 million in the first quarter of 2021. The increase was primarily due to the following reasons: (a) in the first quarter of 2022, we accrued withholding income tax of RMB44.0 million (US$6.9 million) on undistributed earnings generated in the first 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 on US dollar in business operations, payments of dividends, potential investments, etc.; (b) in the first quarter of 2021, we received tax refund resulted from additional expense deduction related to previous years.
Net income was RMB288.8 million (US$45.6 million) in the first quarter of 2022, compared to RMB460.9 million during the same period of 2021. Net income from the Momo segment was RMB456.5 million (US$72.0 million) in the first quarter of 2022, which decreased from RMB551.4 million in the first quarter of 2021. Net loss from the Tantan segment was RMB162.4 million (US$25.6 million) in the first quarter of 2022, compared to net loss of RMB86.8 million in the first quarter of 2021.
Non-GAAP net income (note 1) was RMB397.4 million (US$62.7 million) in the first quarter of 2022, compared to RMB633.0 million during the same period of 2021. Non-GAAP net income from the Momo segment was RMB561.3 million (US$88.6 million) in the first quarter of 2022, which decreased from RMB678.6 million in the first quarter of 2021. Non-GAAP net loss of the Tantan segment was RMB158.6 million (US$25.0 million) in the first quarter of 2022, compared to non-GAAP net loss of RMB42.0 million in the first quarter of 2021.
Net income attributable to Hello Group Inc.
Net income attributable to Hello Group Inc. was RMB289.9 million (US$45.7 million) in the first quarter of 2022, compared to a net income of RMB461.7 million during the same period of 2021.
Non-GAAP net income (note 1) attributable to Hello Group Inc. was RMB398.5 million (US$62.9 million) in the first quarter of 2022, compared to RMB633.7 million during the same period of 2021.
Net income per ADS
Diluted net income per ADS was RMB1.42 (US$0.22) in the first quarter of 2022, compared to RMB2.14 in the first quarter of 2021.
Non-GAAP diluted net income per ADS (note 1) was RMB1.94 (US$0.31) in the first quarter of 2022, compared to RMB2.91 in the first quarter of 2021.
Cash and cash flow
As of March 31, 2022, the Company's cash, cash equivalents, short-term deposits, long-term deposits, short-term restricted cash and long-term restricted cash totaled RMB15,596.6 million (US$2,460.3 million), compared to RMB15,707.0 million as of December 31, 2021. Net cash provided by operating activities in the first quarter of 2022 was RMB43.3 million (US$6.8 million), compared to RMB501.6 million in the first quarter of 2021. Included in our cash provided by operating activities is RMB140.0 million (US$22.1 million) of cash payment to Chinese tax authorities to repatriate RMB1,400.0 million (US$220.8 million) from our WFOE in China to our offshore entity. In addition, during the first quarter of 2022, the payment of revenue sharing to content providers were higher than payment during the same period last year as the beginning balance of revenue sharing payable was higher in the first quarter of 2022 than 2021. It has also caused the operating cash flow to decrease to a greater extent on a year over year basis than the non-GAAP Net income of the company.
Recent Development
Authorization of a new 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.
The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company's board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size. The timing and conditions of the share repurchases will be subject to various factors, including the requirements under Rule 10b-18 and Rule 10b5-1 promulgated pursuant to the Securities Exchange Act of 1934, as amended. The Company plans to fund repurchases from its existing cash balance.
Payment of a special cash dividend
In March 2022, Hello Group's board of directors declared a special cash dividend in the amount of US$0.64 per ADS, or US$0.32 per ordinary share. The cash dividend was paid in April 2022 to shareholders of record at the close of business on April 13, 2022. The aggregate amount of cash dividends paid was US$127.3 million.
Business Outlook
For the second quarter of 2022, the Company expects total net revenues to be between RMB3.05 billion to RMB3.15 billion, representing a decrease of 14.2% to 16.9% 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 Tuesday, June 7, 2022, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on June 7, 2022).
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/2456379
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 9:00 a.m. U.S. Eastern Time, June 15, 2022. The dial-in details for the replay are as follows:
International: +61-2- 8199-0299
U.S. Toll Free: +1-855-452-5696
Passcode: 2456379
Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of the Company'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. 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 RelationsPhone: +86-10-5731-0538Email: [email protected]
In ChinaMr. Eric YuanPhone: +86-10-5900-1548E-mail: [email protected]
Ms. Linda BergkampPhone: +1-480-614-3004Email: [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 second 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 first quarter of 2022 are preliminary, unaudited and subject to audit adjustment. In addition, we may not meet our financial outlook for the second 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 |
|||||
Ended March 31 |
|||||
2021 |
2022 |
2022 |
|||
RMB |
RMB |
US$ |
|||
Net revenues: |
|||||
Live video service |
1,962,095 |
1,608,723 |
253,770 |
||
Value-added service |
1,455,513 |
1,483,431 |
234,006 |
||
Mobile marketing |
38,717 |
27,873 |
4,397 |
||
Mobile games |
11,184 |
25,497 |
4,022 |
||
Other services |
3,087 |
2,554 |
402 |
||
Total net revenues |
3,470,596 |
3,148,078 |
496,597 |
||
Cost and expenses: |
|||||
Cost of revenues |
(1,938,245) |
(1,821,388) |
(287,317) |
||
Research and development |
(286,493) |
(250,195) |
(39,467) |
||
Sales and marketing |
(613,573) |
(588,577) |
(92,846) |
||
General and administrative |
(177,962) |
(159,835) |
(25,213) |
||
Total cost and expenses |
(3,016,273) |
(2,819,995) |
(444,843) |
||
Other operating income |
25,900 |
23,931 |
3,775 |
||
Income from operations |
480,223 |
352,014 |
55,529 |
||
Interest income |
96,694 |
97,857 |
15,437 |
||
Interest expense |
(18,361) |
(19,334) |
(3,050) |
||
Other gain or loss, net |
(7,500) |
11,619 |
1,833 |
||
Income before income tax and share of income on equity method |
551,056 |
442,156 |
69,749 |
||
Income tax expenses |
(91,398) |
(150,774) |
(23,784) |
||
Income before share of income on equity method investments |
459,658 |
291,382 |
45,965 |
||
Share of income (loss) on equity method investments |
1,261 |
(2,600) |
(410) |
||
Net income |
460,919 |
288,782 |
45,555 |
||
Less: net loss attributable to non-controlling interest |
(740) |
(1,103) |
(174) |
||
Net income attributable to the shareholders of Hello Group Inc. |
461,659 |
289,885 |
45,729 |
||
Net income per share attributable to ordinary shareholders |
|||||
Basic |
1.12 |
0.73 |
0.12 |
||
Diluted |
1.07 |
0.71 |
0.11 |
||
Weighted average shares used in calculating net income per ordinary |
|||||
Basic |
411,968,817 |
395,240,339 |
395,240,339 |
||
Diluted |
448,171,493 |
407,034,988 |
407,034,988 |
Hello Group Inc. |
|||||
Unaudited Condensed Consolidated Statement of Comprehensive Income |
|||||
(All amounts in thousands, except share and per share data) |
|||||
Three months |
|||||
Ended March 31 |
|||||
2021 |
2022 |
2022 |
|||
RMB |
RMB |
US$ |
|||
Net income |
460,919 |
288,782 |
45,555 |
||
Other comprehensive (loss) income, net of tax: |
|||||
Foreign currency translation adjustment |
(3,802) |
11,050 |
1,743 |
||
Comprehensive income |
457,117 |
299,832 |
47,298 |
||
Less: comprehensive income (loss) attributed to the non- |
379 |
(2,036) |
(321) |
||
Comprehensive income attributable to Hello Group Inc. |
456,738 |
301,868 |
47,619 |
Hello Group Inc. |
|||||
Unaudited Condensed Consolidated Balance Sheets |
|||||
(All amounts in thousands, except share and per share data) |
|||||
December 31 |
March 31 |
March 31 |
|||
2021 |
2022 |
2022 |
|||
RMB |
RMB |
US$ |
|||
Assets |
|||||
Current assets |
|||||
Cash and cash equivalents |
5,570,563 |
5,125,211 |
808,482 |
||
Short-term deposits |
2,860,000 |
2,650,000 |
418,027 |
||
Restricted cash |
- |
95,364 |
15,043 |
||
Accounts receivable, net of allowance for doubtful accounts of |
205,225 |
202,415 |
31,930 |
||
Prepaid expenses and other current assets |
775,072 |
803,768 |
126,791 |
||
Total current assets |
9,410,860 |
8,876,758 |
1,400,273 |
||
Long-term deposits |
7,200,000 |
7,650,000 |
1,206,758 |
||
Long-term restricted cash |
76,471 |
76,072 |
12,000 |
||
Right-of-use assets, net |
257,934 |
216,887 |
34,213 |
||
Property and equipment, net |
180,664 |
194,208 |
30,636 |
||
Intangible assets, net |
27,320 |
26,041 |
4,108 |
||
Rental deposits |
19,204 |
18,971 |
2,993 |
||
Long-term investments |
820,006 |
813,284 |
128,292 |
||
Other non-current assets |
83,930 |
86,048 |
13,574 |
||
Deferred tax assets |
34,849 |
36,425 |
5,746 |
||
Total assets |
18,111,238 |
17,994,694 |
2,838,593 |
||
Liabilities and equity |
|||||
Current liabilities |
|||||
Accounts payable |
726,207 |
641,850 |
101,249 |
||
Deferred revenue |
539,967 |
497,253 |
78,440 |
||
Accrued expenses and other current liabilities |
911,050 |
797,523 |
125,806 |
||
Amount due to related parties |
5,016 |
4,859 |
766 |
||
Lease liabilities due within one year |
162,950 |
138,590 |
21,862 |
||
Income tax payable |
125,773 |
121,199 |
19,119 |
||
Dividends payable |
- |
806,750 |
127,262 |
||
Deferred consideration in connection with business acquisitions |
44,802 |
39,012 |
6,154 |
||
Total current liabilities |
2,515,765 |
3,047,036 |
480,658 |
||
Deferred tax liabilities |
213,384 |
117,048 |
18,464 |
||
Convertible senior notes |
4,565,292 |
4,424,921 |
698,014 |
||
Lease liabilities |
103,105 |
83,159 |
13,118 |
||
Other non-current liabilities |
128,095 |
138,337 |
21,822 |
||
Total liabilities |
7,525,641 |
7,810,501 |
1,232,076 |
||
Shareholder's equity (i) |
10,585,597 |
10,184,193 |
1,606,517 |
||
Total liabilities and shareholder's equity |
18,111,238 |
17,994,694 |
2,838,593 |
||
(i): As of March 31, 2022, the number of ordinary shares outstanding was 396,711,168. |
Hello Group Inc. |
|||||
Unaudited Condensed Consolidated Statement of Cash Flows |
|||||
(All amounts in thousands, except share and per share data) |
|||||
Three months |
|||||
Ended March 31 |
|||||
2021 |
2022 |
2022 |
|||
RMB |
RMB |
US$ |
|||
Cash flows from operating activities: |
|||||
Net income |
460,919 |
288,782 |
45,555 |
||
Adjustments to reconcile net income to net cash provided by operating |
|||||
Depreciation of property and equipment |
42,543 |
27,979 |
4,414 |
||
Amortization of intangible assets |
36,953 |
1,279 |
202 |
||
Share-based compensation |
145,257 |
108,616 |
17,135 |
||
Share of (income) loss on equity method investments |
(1,261) |
2,600 |
410 |
||
Gain on repurchase of convertible senior notes |
- |
(11,619) |
(1,833) |
||
Loss on long-term investments |
7,500 |
- |
- |
||
Loss or gain on disposal of property and equipment |
22 |
(40) |
(6) |
||
Provision of losses on receivable and other assets |
395 |
2 |
- |
||
Changes in operating assets and liabilities: |
|||||
Accounts receivable |
(7,580) |
2,649 |
418 |
||
Prepaid expenses and other current assets |
(86,677) |
(43,978) |
(6,937) |
||
Rental deposits |
1,359 |
(2,453) |
(387) |
||
Deferred tax assets |
(607) |
(1,576) |
(249) |
||
Other non-current assets |
12,330 |
41,615 |
6,565 |
||
Accounts payable |
(1,067) |
(88,958) |
(14,033) |
||
Income tax payable |
22,891 |
(4,574) |
(722) |
||
Deferred revenue |
(379) |
(42,614) |
(6,722) |
||
Accrued expenses and other current liabilities |
(118,972) |
(132,218) |
(20,857) |
||
Amount due to related parties |
(7,156) |
(157) |
(25) |
||
Deferred tax liabilities |
(9,238) |
(95,385) |
(15,047) |
||
Other non-current liabilities |
4,360 |
(6,640) |
(1,047) |
||
Net cash provided by operating activities |
501,592 |
43,310 |
6,834 |
||
Cash flows from investing activities: |
|||||
Purchase of property and equipment |
(25,183) |
(21,647) |
(3,415) |
||
Purchase of short-term deposits |
(910,000) |
- |
- |
||
Cash received on maturity of short-term deposits |
569,294 |
910,000 |
143,549 |
||
Purchase of long-term deposits |
- |
(1,150,000) |
(181,408) |
||
Cash received on investment income distribution |
5,610 |
3,523 |
556 |
||
Other investing activities |
3 |
4 |
1 |
||
Net cash used in investing activities |
(360,276) |
(258,120) |
(40,717) |
||
Cash flows from financing activities: |
|||||
Deferred payment for business acquisition |
(12,907) |
(5,563) |
(878) |
||
Proceeds from exercise of share options |
- |
31 |
5 |
||
Repurchase of ordinary shares |
(3,079) |
- |
- |
||
Repurchase of subsidiary's share options |
(2,781) |
(4,427) |
(698) |
||
Payment for redemption of convertible bonds |
- |
(110,007) |
(17,353) |
||
Net cash used in financing activities |
(18,767) |
(119,966) |
(18,924) |
||
Effect of exchange rate changes |
3,916 |
(15,611) |
(2,466) |
||
Net increase (decrease) in cash and cash equivalents |
126,465 |
(350,387) |
(55,273) |
||
Cash, cash equivalents and restricted cash at the beginning of period |
3,366,072 |
5,647,034 |
890,798 |
||
Cash, cash equivalents and restricted cash at the end of period |
3,492,537 |
5,296,647 |
835,525 |
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 March 31, 2021 |
Ended March 31, 2022 |
Ended March 31, 2022 |
|||||||||||
GAAP |
Amortization of |
Share-based |
Tax impacts |
Non-GAAP |
GAAP |
Share-based |
Non-GAAP |
GAAP |
Share-based |
Non-GAAP |
|||
(ii) |
|||||||||||||
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
US$ |
US$ |
|||
Cost of revenues |
(1,938,245) |
17,311 |
3,724 |
- |
(1,917,210) |
(1,821,388) |
3,078 |
(1,818,310) |
(287,317) |
486 |
(286,831) |
||
Research and development |
(286,493) |
2,199 |
40,209 |
- |
(244,085) |
(250,195) |
20,974 |
(229,221) |
(39,467) |
3,309 |
(36,158) |
||
Sales and marketing |
(613,573) |
16,189 |
17,556 |
- |
(579,828) |
(588,577) |
10,605 |
(577,972) |
(92,846) |
1,673 |
(91,173) |
||
General and administrative |
(177,962) |
- |
83,768 |
- |
(94,194) |
(159,835) |
73,959 |
(85,876) |
(25,213) |
11,667 |
(13,546) |
||
Cost and operating expenses |
(3,016,273) |
35,699 |
145,257 |
- |
(2,835,317) |
(2,819,995) |
108,616 |
(2,711,379) |
(444,843) |
17,135 |
(427,708) |
||
Income from operations |
480,223 |
35,699 |
145,257 |
- |
661,179 |
352,014 |
108,616 |
460,630 |
55,529 |
17,135 |
72,664 |
||
Net income attributable to Hello Group Inc. |
461,659 |
35,699 |
145,257 |
(8,925) |
633,690 |
289,885 |
108,616 |
398,501 |
45,729 |
17,135 |
62,864 |
||
(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 March 31, 2022 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Net revenues: |
|||||||||
Live video service |
1,483,523 |
125,200 |
- |
1,608,723 |
253,770 |
||||
Value-added service |
1,259,592 |
223,839 |
- |
1,483,431 |
234,006 |
||||
Mobile marketing |
27,873 |
- |
- |
27,873 |
4,397 |
||||
Mobile games |
25,497 |
- |
- |
25,497 |
4,022 |
||||
Other services |
2,390 |
- |
164 |
2,554 |
402 |
||||
Total net revenues |
2,798,875 |
349,039 |
164 |
3,148,078 |
496,597 |
||||
Cost and expenses (iii): |
|||||||||
Cost of revenues |
(1,644,827) |
(176,215) |
(346) |
(1,821,388) |
(287,317) |
||||
Research and development |
(188,299) |
(61,896) |
- |
(250,195) |
(39,467) |
||||
Sales and marketing |
(317,680) |
(270,147) |
(750) |
(588,577) |
(92,846) |
||||
General and administrative |
(147,196) |
(8,076) |
(4,563) |
(159,835) |
(25,213) |
||||
Total cost and expenses |
(2,298,002) |
(516,334) |
(5,659) |
(2,819,995) |
(444,843) |
||||
Other operating income |
18,346 |
5,544 |
41 |
23,931 |
3,775 |
||||
Income (loss) from operations |
519,219 |
(161,751) |
(5,454) |
352,014 |
55,529 |
||||
Interest income |
97,743 |
52 |
62 |
97,857 |
15,437 |
||||
Interest expense |
(19,334) |
- |
- |
(19,334) |
(3,050) |
||||
Other gain or loss, net |
11,619 |
- |
- |
11,619 |
1,833 |
||||
Income (loss) before income tax and share of income on equity |
609,247 |
(161,699) |
(5,392) |
442,156 |
69,749 |
||||
Income tax (expenses) benefits |
(150,105) |
(669) |
- |
(150,774) |
(23,784) |
||||
Income (loss) before share of income on equity method |
459,142 |
(162,368) |
(5,392) |
291,382 |
45,965 |
||||
Share of loss on equity method investments |
(2,600) |
- |
- |
(2,600) |
(410) |
||||
Net income (loss) |
456,542 |
(162,368) |
(5,392) |
288,782 |
45,555 |
||||
(iii) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||
Three months |
|||||||||
Ended March 31, 2022 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Cost of revenues |
1,847 |
1,231 |
- |
3,078 |
486 |
||||
Research and development |
18,453 |
2,521 |
- |
20,974 |
3,309 |
||||
Sales and marketing |
10,590 |
15 |
- |
10,605 |
1,673 |
||||
General and administrative |
73,913 |
46 |
- |
73,959 |
11,667 |
||||
Total cost and expenses |
104,803 |
3,813 |
- |
108,616 |
17,135 |
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 March 31, 2022 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Income (loss) from operations |
519,219 |
(161,751) |
(5,454) |
352,014 |
55,529 |
||||
Share-based compensation |
104,803 |
3,813 |
- |
108,616 |
17,135 |
||||
Non-GAAP income (loss) from operations |
624,022 |
(157,938) |
(5,454) |
460,630 |
72,664 |
||||
Net income (loss) |
456,542 |
(162,368) |
(5,392) |
288,782 |
45,555 |
||||
Share-based compensation |
104,803 |
3,813 |
- |
108,616 |
17,135 |
||||
Non-GAAP net income (loss) |
561,345 |
(158,555) |
(5,392) |
397,398 |
62,690 |
Hello Group Inc. |
|||||||||
Unaudited Condensed Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Three months |
|||||||||
Ended March 31, 2021 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$[1] |
|||||
Net revenues: |
|||||||||
Live video service |
1,710,889 |
251,206 |
- |
1,962,095 |
299,474 |
||||
Value-added service |
1,139,015 |
316,498 |
- |
1,455,513 |
222,155 |
||||
Mobile marketing |
38,717 |
- |
- |
38,717 |
5,909 |
||||
Mobile games |
11,184 |
- |
- |
11,184 |
1,707 |
||||
Other services |
1,968 |
- |
1,119 |
3,087 |
471 |
||||
Total net revenues |
2,901,773 |
567,704 |
1,119 |
3,470,596 |
529,716 |
||||
Cost and expenses (iv): |
|||||||||
Cost of revenues |
(1,656,895) |
(280,989) |
(361) |
(1,938,245) |
(295,834) |
||||
Research and development |
(205,330) |
(81,163) |
- |
(286,493) |
(43,727) |
||||
Sales and marketing |
(326,829) |
(286,710) |
(34) |
(613,573) |
(93,650) |
||||
General and administrative |
(159,451) |
(14,121) |
(4,390) |
(177,962) |
(27,162) |
||||
Total cost and expenses |
(2,348,505) |
(662,983) |
(4,785) |
(3,016,273) |
(460,373) |
||||
Other operating income |
19,961 |
5,938 |
1 |
25,900 |
3,953 |
||||
Income (loss) from operations |
573,229 |
(89,341) |
(3,665) |
480,223 |
73,296 |
||||
Interest income |
96,343 |
305 |
46 |
96,694 |
14,758 |
||||
Interest expense |
(18,361) |
- |
- |
(18,361) |
(2,802) |
||||
Other gain or loss, net |
(7,500) |
- |
- |
(7,500) |
(1,145) |
||||
Income (loss) before income tax and share of income on equity |
643,711 |
(89,036) |
(3,619) |
551,056 |
84,107 |
||||
Income tax (expenses) benefits |
(93,602) |
2,204 |
- |
(91,398) |
(13,950) |
||||
Income (loss) before share of income on equity method |
550,109 |
(86,832) |
(3,619) |
459,658 |
70,157 |
||||
Share of loss on equity method investments |
1,261 |
- |
- |
1,261 |
192 |
||||
Net income (loss) |
551,370 |
(86,832) |
(3,619) |
460,919 |
70,349 |
||||
(iv) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||
Three months |
|||||||||
Ended March 31, 2021 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Cost of revenues |
2,325 |
1,399 |
- |
3,724 |
568 |
||||
Research and development |
30,525 |
9,684 |
- |
40,209 |
6,137 |
||||
Sales and marketing |
12,906 |
4,650 |
- |
17,556 |
2,680 |
||||
General and administrative |
81,484 |
2,284 |
- |
83,768 |
12,785 |
||||
Total cost and expenses |
127,240 |
18,017 |
- |
145,257 |
22,170 |
||||
[1] All translations from RMB to U.S. dollars are made at a rate of RMB6.5518 to US$1.00, the effective noon buying rate for March 31, 2021 as set forth in |
Hello Group Inc. |
|||||||||
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Three months |
|||||||||
Ended March 31, 2021 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Income (loss) from operations |
573,229 |
(89,341) |
(3,665) |
480,223 |
73,296 |
||||
Share-based compensation |
127,240 |
18,017 |
- |
145,257 |
22,170 |
||||
Amortization of intangible assets from |
- |
35,699 |
- |
35,699 |
5,449 |
||||
Non-GAAP income (loss) from operations |
700,469 |
(35,625) |
(3,665) |
661,179 |
100,915 |
||||
Net income (loss) |
551,370 |
(86,832) |
(3,619) |
460,919 |
70,349 |
||||
Share-based compensation |
127,240 |
18,017 |
- |
145,257 |
22,170 |
||||
Amortization of intangible assets from |
- |
35,699 |
- |
35,699 |
5,449 |
||||
Tax impacts |
- |
(8,925) |
- |
(8,925) |
(1,362) |
||||
Non-GAAP net income (loss) |
678,610 |
(42,041) |
(3,619) |
632,950 |
96,606 |
SOURCE Hello Group Inc.
ПЕКИН, 7 июня 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 первый квартал 2022 года.
Основные моменты первого 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 RMB6.3393 to US$1.00, the effective noon buying rate for March 31, 2022 as set forth in the H.10 statistical release of the Federal Reserve Board. |
"1 квартал 2022 года был для нас сложным, но плодотворным кварталом. Я рад, что наша команда смогла сосредоточиться на наших продуктовых и операционных инициативах, чтобы справиться с препятствиями, вызванными возрождением COVID-19 и связанными с этим проблемами, и хорошо начать 2022 год". - прокомментировал Ли Ван, генеральный директор Hello Group.
Финансовые результаты за Первый квартал 2022 года
Общая чистая выручка в первом квартале 2022 года составила 3 148,1 млн юаней (496,6 млн долларов США), что на 9,3% меньше, чем 3 470,6 млн юаней в первом квартале 2021 года.
Доходы от видеосервиса в прямом эфире составили 1 608,7 млн юаней (253,8 млн долларов США) в первом квартале 2022 года, что на 18,0% меньше, чем 1 962,1 млн юаней за аналогичный период 2021 года. Снижение было в первую очередь связано с ослаблением потребления в результате макроэкономического неблагоприятного воздействия и стратегическим решением о сворачивании бизнеса Tantan по прямой трансляции.
Доходы от дополнительных услуг в основном включают доходы от виртуальных подарков и доходы от подписки на членство. Общий доход от услуг с добавленной стоимостью составил 1 483,4 млн юаней (234,0 млн долларов США) в первом квартале 2022 года, увеличившись на 1,9% по сравнению с 1 455,5 млн юаней за аналогичный период 2021 года. Увеличение по сравнению с прошлым годом было в первую очередь обусловлено быстрым ростом выручки от новых автономных приложений и, в меньшей степени, продолжающимся ростом бизнеса виртуальных подарков в приложении Momo, обусловленным инновациями продукта. Увеличение было частично компенсировано снижением добавленной стоимости сервиса Tantan в результате его стратегического решения снизить уровень монетизации с целью улучшения пользовательского опыта и удержания, а также негативного влияния COVID на настроения пользователей в отношении знакомств и намерения платить за VAS.
Доходы от мобильного маркетинга составили 27,9 млн юаней (4,4 млн долларов США) в первом квартале 2022 года, что на 28,0% меньше, чем 38,7 млн юаней за аналогичный период 2021 года. Снижение доходов от мобильного маркетинга было вызвано негативным влиянием встречного ветра на рекламный бюджет клиента и корректировкой нашего продукта в соответствии с новыми требованиями регулирования.
Доходы от мобильных игр составили 25,5 млн юаней (4,0 млн долларов США) в первом квартале 2022 года, увеличившись на 128,0% по сравнению с 11,2 млн юаней в первом квартале 2021 года, в основном за счет одной новой мобильной игры, запущенной во второй половине 2021 года.
Чистая выручка от сегмента Momo снизилась с 2,901,8 млн юаней в первом квартале 2021 года до 2,798,9 млн юаней (441,5 млн долларов США) в первом квартале 2022 года, в основном из-за снижения чистой выручки от видеосервиса в прямом эфире. Чистая выручка от сегмента Tantan снизилась с 567,7 млн юаней в первом квартале 2021 года до 349,0 млн юаней (55,1 млн долларов США) в первом квартале 2022 года из-за нашей стратегии снижения уровня монетизации с целью улучшения пользовательского опыта и удержания, а также влияния от повышенные ситуации с COVID.
Стоимость и расходы
Затраты и расходы составили 2 820,0 млн юаней (444,8 млн долларов США) в первом квартале 2022 года, что на 6,5% меньше, чем 3 016,3 млн юаней в первом квартале 2021 года. Снижение было в основном обусловлено: (а) сокращением расходов, связанных с персоналом, включая расходы на компенсацию на основе акций, в результате сокращения числа сотрудников и снижения справедливой стоимости опционов на акции, предоставленных в течение периода; (б) уменьшением доли доходов с вещательными компаниями, связанных с основным видео в прямом эфире Momo. сервис и видеосервис Tantan в режиме реального времени; и (c) снижение амортизационных отчислений в связи с обесценением нематериальных активов в 2021 году. Это снижение было частично компенсировано увеличением доли доходов с получателями виртуальных подарков за наш сервис виртуальных подарков.
Затраты и расходы, не связанные с ОПБУ (примечание 1), составили 2 711,4 млн юаней (427,7 млн долларов США) в первом квартале 2022 года, что на 4,4% меньше, чем 2 835,3 млн юаней за аналогичный период 2021 года.
Доходы от операций
Доход от операционной деятельности составил 352,0 млн юаней (55,5 млн долларов США) в первом квартале 2022 года по сравнению с 480,2 млн юаней за аналогичный период 2021 года. Доход от операций сегмента Momo составил 519,2 млн юаней (81,9 млн долларов США) в первом квартале 2022 года, что снизилось с 573,2 млн юаней в первом квартале 2021 года. Убыток от операций сегмента Tantan составил 161,8 млн юаней (25,5 млн долларов США) в первом квартале 2022 года по сравнению с убытком от операций в размере 89,3 млн юаней в первом квартале 2021 года.
Доход от операций, не связанных с ОПБУ (примечание 1), составил 460,6 млн юаней (72,7 млн долларов США) в первом квартале 2022 года по сравнению с 661,2 млн юаней за аналогичный период 2021 года. Доход без учета GAAP от операций сегмента Momo в первом квартале 2022 года составил 624,0 млн юаней (98,4 млн долларов США), что снизилось с 700,5 млн юаней в первом квартале 2021 года. Убыток от операций сегмента Tantan без учета GAAP составил 157,9 млн юаней (24,9 млн долларов США) в первом квартале 2022 года по сравнению с убытком от операций без учета GAAP в размере 35,6 млн юаней в первом квартале 2021 года.
Расходы по налогу на прибыль
Расходы по налогу на прибыль составили 150,8 млн юаней (23,8 млн долларов США) в первом квартале 2022 года по сравнению с 91,4 млн юаней в первом квартале 2021 года. Увеличение было вызвано главным образом следующими причинами: (а) в первом квартале 2022 года мы начислили удерживаемый подоходный налог в размере 44,0 млн. юаней (6,9 млн. долларов США) на нераспределенную прибыль, полученную в первом квартале 2022 года нашим предприятием, полностью принадлежащим иностранцам ("WFOE"), поскольку мы планируем в обозримом будущем перечислять прибыль WFOE ее оффшорной материнской компании для финансирования ее спроса на доллары США в деловых операциях, выплате дивидендов, потенциальных инвестициях и т.д.; (b) в первом квартале 2021 года мы получили возврат налогов в результате вычета дополнительных расходов, связанных с предыдущими годами.
Чистая прибыль составила 288,8 млн юаней (45,6 млн долларов США) в первом квартале 2022 года по сравнению с 460,9 млн юаней за аналогичный период 2021 года. Чистая прибыль от сегмента Momo составила 456,5 млн юаней (72,0 млн долларов США) в первом квартале 2022 года, что снизилось с 551,4 млн юаней в первом квартале 2021 года. Чистый убыток от сегмента Tantan составил 162,4 млн юаней (25,6 млн долларов США) в первом квартале 2022 года по сравнению с чистым убытком в 86,8 млн юаней в первом квартале 2021 года.
Чистая прибыль без учета GAAP (примечание 1) в первом квартале 2022 года составила 397,4 млн юаней (62,7 млн долларов США) по сравнению с 633,0 млн юаней за аналогичный период 2021 года. Чистая прибыль сегмента Momo без учета GAAP в первом квартале 2022 года составила 561,3 млн юаней (88,6 млн долларов США), что снизилось с 678,6 млн юаней в первом квартале 2021 года. Чистый убыток сегмента Tantan без учета GAAP составил 158,6 млн юаней (25,0 млн долларов США) в первом квартале 2022 года по сравнению с чистым убытком без учета GAAP в размере 42,0 млн юаней в первом квартале 2021 года.
Чистая прибыль, приходящаяся на Hello Group Inc.
Чистая прибыль, приходящаяся на Hello Group Inc., составила 289,9 млн юаней (45,7 млн долларов США) в первом квартале 2022 года по сравнению с чистой прибылью в 461,7 млн юаней за аналогичный период 2021 года.
Чистая прибыль без учета GAAP (примечание 1), относящаяся к Hello Group Inc., составила 398,5 млн юаней (62,9 млн долларов США) в первом квартале 2022 года по сравнению с 633,7 млн юаней за аналогичный период 2021 года.
Чистый доход за РЕКЛАМУ
Разводненная чистая прибыль на рекламу составила 1,42 юаня (0,22 доллара США) в первом квартале 2022 года по сравнению с 2,14 юаней в первом квартале 2021 года.
Разводненная чистая прибыль на рекламу без учета GAAP (примечание 1) в первом квартале 2022 года составила 1,94 юаня (0,31 доллара США) по сравнению с 2,91 юаней в первом квартале 2021 года.
Денежные средства и движение денежных средств
По состоянию на 31 марта 2022 года денежные средства Компании, их эквиваленты, краткосрочные депозиты, долгосрочные депозиты, краткосрочные ограниченные денежные средства и долгосрочные ограниченные денежные средства составили 15 596,6 млн юаней (2 460,3 млн долларов США) по сравнению с 15 707,0 млн юаней по состоянию на 31 декабря, 2021 год. Чистые денежные средства, полученные от операционной деятельности в первом квартале 2022 года, составили 43,3 млн юаней (6,8 млн долларов США) по сравнению с 501,6 млн юаней в первом квартале 2021 года. В наши денежные средства, полученные от операционной деятельности, включены 140,0 млн. юаней (22,1 млн. долларов США), выплаченные китайским налоговым органам для репатриации 1 400,0 млн. юаней (220,8 млн. долларов США) из нашего WFOE в Китае в нашу оффшорную компанию. Кроме того, в течение первого квартала 2022 года выплаты по распределению доходов контент-провайдерам были выше, чем выплаты за аналогичный период прошлого года, поскольку начальный баланс по распределению доходов, подлежащий выплате, был выше в первом квартале 2022 года, чем в 2021 году. Это также привело к тому, что операционный денежный поток сократился в большей степени в годовом исчислении, чем чистая прибыль компании без учета GAAP.
Последние события
Авторизация новой программы обратного выкупа акций
7 июня 2022 года совет директоров Hello Group одобрил программу обратного выкупа акций, в рамках которой Компания может выкупить свои акции на сумму до 200 миллионов долларов США в течение следующих 24 месяцев.
Предлагаемые Компанией выкупы могут время от времени осуществляться на открытом рынке по преобладающим рыночным ценам, в рамках частных сделок, в рамках блочных сделок и/или с помощью других юридически допустимых средств, в зависимости от рыночных условий и в соответствии с применимыми правилами и положениями. Совет директоров Компании будет периодически пересматривать программу обратного выкупа акций и может санкционировать корректировку ее условий и размера. Сроки и условия выкупа акций будут зависеть от различных факторов, включая требования Правила 10b-18 и Правила 10b5-1, обнародованные в соответствии с Законом о ценных бумагах и биржах 1934 года с внесенными в него поправками. Компания планирует финансировать выкуп акций из своего существующего остатка денежных средств.
Выплата специального денежного дивиденда
В марте 2022 года совет директоров Hello Group объявил специальный денежный дивиденд в размере 0,64 доллара США на ADS, или 0,32 доллара США на одну обыкновенную акцию. Денежные дивиденды были выплачены в апреле 2022 года акционерам record при закрытии бизнеса 13 апреля 2022 года. Общая сумма выплаченных дивидендов наличными составила 127,3 миллиона долларов США.
Перспективы бизнеса
Во втором квартале 2022 года Компания ожидает, что общая чистая выручка составит от 3,05 млрд до 3,15 млрд юаней, что представляет собой снижение на 14,2% до 16,9% в годовом исчислении. Этот прогноз отражает текущие и предварительные взгляды Компании на рынок и условия работы, которые могут измениться, в частности, в отношении потенциального влияния вспышки COVID-19 на китайскую и мировую экономику, а также на платежеспособность пользователей.
Примечание 1: Показатели, не относящиеся к ОПБУ
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, убытки от обесценения гудвила и нематериальных активов, амортизацию нематериальных активов 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 GAAP 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 затраты и операционные расходы, не относящиеся к GAAP, прибыль (убыток) от операций, чистую прибыль (убыток), чистую прибыль (убыток), относящуюся к Hello Group Inc., и разводненную чистую прибыль на ADS), скорректирована с учетом наиболее сопоставимых результатов GAAP, чтобы исключить прибыль на основе акций компенсации, убытки 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-связь
Руководство Hello Group проведет телефонную конференцию по доходам во вторник, 7 июня 2022 года, в 8:00 утра по восточному времени США (8:00 вечера по Пекину / Гонконгское время 7 июня 2022 года).
Все участники должны предварительно зарегистрироваться онлайн перед звонком, чтобы получить подробную информацию о наборе номера. После завершения предварительной регистрации участники получат номера для набора номера, пароль для прямого события и уникальный идентификатор владельца регистрации.
ССЫЛКА ДЛЯ ПРЕДВАРИТЕЛЬНОЙ РЕГИСТРАЦИИ http://apac.directeventreg.com/registration/event/2456379
Чтобы присоединиться к конференции, просто наберите номер в приглашении календаря, которое вы получите после предварительной регистрации, введите пароль, за которым следует ваш идентификатор владельца регистрации, и вы мгновенно присоединитесь к конференции.
Повтор телефонного разговора будет доступен после завершения телефонной конференции до 9:00 утра по восточному времени США 15 июня 2022 года. Ниже приведены сведения о наборе номера для воспроизведения:
Международный: +61-2- 8199-0299
Бесплатный звонок по США: +1-855-452-5696
Код доступа: 2456379
Кроме того, прямая и архивная веб-трансляция телефонной конференции будет доступна в разделе по связям с инвесторами на веб-сайте Компании 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 объединяет людей и облегчает социальные взаимодействия, основанные на местоположении, интересах и различных развлекательных мероприятиях в Интернете. Tantan, который был добавлен в наше семейство приложений благодаря приобретению в мае 2018 года, является ведущим приложением для социальных сетей и знакомств. Он предназначен 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.
Контакты с инвесторами Телефон: +86-10-5731-0538 Почта: [email protected]
В Китае. Эрик Юань Телефон: +86-10-5900-1548E-почта: [email protected]
Г-жа Линда Бергкампфон: +1-480-614-3004 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 о ценных бумагах и биржах 1934 года с поправками, а также в соответствии с определением Закона 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 второй 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 представляют собой лишь наше убеждение в отношении 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 первый квартал 2022 года являются предварительными, неаудированными и подлежат корректировке в ходе аудита. Кроме того, мы можем не выполнить наши финансовые прогнозы на второй 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 того, что мы ожидаем в настоящее время, в том числе связанные с нашей способностью удерживать и расширять нашу пользовательскую базу, 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 клиентов, 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 настоящего выпуска.
Hello Group Inc. |
|||||
Unaudited Condensed Consolidated Statement of Operations |
|||||
(All amounts in thousands, except share and per share data) |
|||||
Three months |
|||||
Ended March 31 |
|||||
2021 |
2022 |
2022 |
|||
RMB |
RMB |
US$ |
|||
Net revenues: |
|||||
Live video service |
1,962,095 |
1,608,723 |
253,770 |
||
Value-added service |
1,455,513 |
1,483,431 |
234,006 |
||
Mobile marketing |
38,717 |
27,873 |
4,397 |
||
Mobile games |
11,184 |
25,497 |
4,022 |
||
Other services |
3,087 |
2,554 |
402 |
||
Total net revenues |
3,470,596 |
3,148,078 |
496,597 |
||
Cost and expenses: |
|||||
Cost of revenues |
(1,938,245) |
(1,821,388) |
(287,317) |
||
Research and development |
(286,493) |
(250,195) |
(39,467) |
||
Sales and marketing |
(613,573) |
(588,577) |
(92,846) |
||
General and administrative |
(177,962) |
(159,835) |
(25,213) |
||
Total cost and expenses |
(3,016,273) |
(2,819,995) |
(444,843) |
||
Other operating income |
25,900 |
23,931 |
3,775 |
||
Income from operations |
480,223 |
352,014 |
55,529 |
||
Interest income |
96,694 |
97,857 |
15,437 |
||
Interest expense |
(18,361) |
(19,334) |
(3,050) |
||
Other gain or loss, net |
(7,500) |
11,619 |
1,833 |
||
Income before income tax and share of income on equity method |
551,056 |
442,156 |
69,749 |
||
Income tax expenses |
(91,398) |
(150,774) |
(23,784) |
||
Income before share of income on equity method investments |
459,658 |
291,382 |
45,965 |
||
Share of income (loss) on equity method investments |
1,261 |
(2,600) |
(410) |
||
Net income |
460,919 |
288,782 |
45,555 |
||
Less: net loss attributable to non-controlling interest |
(740) |
(1,103) |
(174) |
||
Net income attributable to the shareholders of Hello Group Inc. |
461,659 |
289,885 |
45,729 |
||
Net income per share attributable to ordinary shareholders |
|||||
Basic |
1.12 |
0.73 |
0.12 |
||
Diluted |
1.07 |
0.71 |
0.11 |
||
Weighted average shares used in calculating net income per ordinary |
|||||
Basic |
411,968,817 |
395,240,339 |
395,240,339 |
||
Diluted |
448,171,493 |
407,034,988 |
407,034,988 |
Hello Group Inc. |
|||||
Unaudited Condensed Consolidated Statement of Comprehensive Income |
|||||
(All amounts in thousands, except share and per share data) |
|||||
Three months |
|||||
Ended March 31 |
|||||
2021 |
2022 |
2022 |
|||
RMB |
RMB |
US$ |
|||
Net income |
460,919 |
288,782 |
45,555 |
||
Other comprehensive (loss) income, net of tax: |
|||||
Foreign currency translation adjustment |
(3,802) |
11,050 |
1,743 |
||
Comprehensive income |
457,117 |
299,832 |
47,298 |
||
Less: comprehensive income (loss) attributed to the non- |
379 |
(2,036) |
(321) |
||
Comprehensive income attributable to Hello Group Inc. |
456,738 |
301,868 |
47,619 |
Hello Group Inc. |
|||||
Unaudited Condensed Consolidated Balance Sheets |
|||||
(All amounts in thousands, except share and per share data) |
|||||
December 31 |
March 31 |
March 31 |
|||
2021 |
2022 |
2022 |
|||
RMB |
RMB |
US$ |
|||
Assets |
|||||
Current assets |
|||||
Cash and cash equivalents |
5,570,563 |
5,125,211 |
808,482 |
||
Short-term deposits |
2,860,000 |
2,650,000 |
418,027 |
||
Restricted cash |
- |
95,364 |
15,043 |
||
Accounts receivable, net of allowance for doubtful accounts of |
205,225 |
202,415 |
31,930 |
||
Prepaid expenses and other current assets |
775,072 |
803,768 |
126,791 |
||
Total current assets |
9,410,860 |
8,876,758 |
1,400,273 |
||
Long-term deposits |
7,200,000 |
7,650,000 |
1,206,758 |
||
Long-term restricted cash |
76,471 |
76,072 |
12,000 |
||
Right-of-use assets, net |
257,934 |
216,887 |
34,213 |
||
Property and equipment, net |
180,664 |
194,208 |
30,636 |
||
Intangible assets, net |
27,320 |
26,041 |
4,108 |
||
Rental deposits |
19,204 |
18,971 |
2,993 |
||
Long-term investments |
820,006 |
813,284 |
128,292 |
||
Other non-current assets |
83,930 |
86,048 |
13,574 |
||
Deferred tax assets |
34,849 |
36,425 |
5,746 |
||
Total assets |
18,111,238 |
17,994,694 |
2,838,593 |
||
Liabilities and equity |
|||||
Current liabilities |
|||||
Accounts payable |
726,207 |
641,850 |
101,249 |
||
Deferred revenue |
539,967 |
497,253 |
78,440 |
||
Accrued expenses and other current liabilities |
911,050 |
797,523 |
125,806 |
||
Amount due to related parties |
5,016 |
4,859 |
766 |
||
Lease liabilities due within one year |
162,950 |
138,590 |
21,862 |
||
Income tax payable |
125,773 |
121,199 |
19,119 |
||
Dividends payable |
- |
806,750 |
127,262 |
||
Deferred consideration in connection with business acquisitions |
44,802 |
39,012 |
6,154 |
||
Total current liabilities |
2,515,765 |
3,047,036 |
480,658 |
||
Deferred tax liabilities |
213,384 |
117,048 |
18,464 |
||
Convertible senior notes |
4,565,292 |
4,424,921 |
698,014 |
||
Lease liabilities |
103,105 |
83,159 |
13,118 |
||
Other non-current liabilities |
128,095 |
138,337 |
21,822 |
||
Total liabilities |
7,525,641 |
7,810,501 |
1,232,076 |
||
Shareholder's equity (i) |
10,585,597 |
10,184,193 |
1,606,517 |
||
Total liabilities and shareholder's equity |
18,111,238 |
17,994,694 |
2,838,593 |
||
(i): As of March 31, 2022, the number of ordinary shares outstanding was 396,711,168. |
Hello Group Inc. |
|||||
Unaudited Condensed Consolidated Statement of Cash Flows |
|||||
(All amounts in thousands, except share and per share data) |
|||||
Three months |
|||||
Ended March 31 |
|||||
2021 |
2022 |
2022 |
|||
RMB |
RMB |
US$ |
|||
Cash flows from operating activities: |
|||||
Net income |
460,919 |
288,782 |
45,555 |
||
Adjustments to reconcile net income to net cash provided by operating |
|||||
Depreciation of property and equipment |
42,543 |
27,979 |
4,414 |
||
Amortization of intangible assets |
36,953 |
1,279 |
202 |
||
Share-based compensation |
145,257 |
108,616 |
17,135 |
||
Share of (income) loss on equity method investments |
(1,261) |
2,600 |
410 |
||
Gain on repurchase of convertible senior notes |
- |
(11,619) |
(1,833) |
||
Loss on long-term investments |
7,500 |
- |
- |
||
Loss or gain on disposal of property and equipment |
22 |
(40) |
(6) |
||
Provision of losses on receivable and other assets |
395 |
2 |
- |
||
Changes in operating assets and liabilities: |
|||||
Accounts receivable |
(7,580) |
2,649 |
418 |
||
Prepaid expenses and other current assets |
(86,677) |
(43,978) |
(6,937) |
||
Rental deposits |
1,359 |
(2,453) |
(387) |
||
Deferred tax assets |
(607) |
(1,576) |
(249) |
||
Other non-current assets |
12,330 |
41,615 |
6,565 |
||
Accounts payable |
(1,067) |
(88,958) |
(14,033) |
||
Income tax payable |
22,891 |
(4,574) |
(722) |
||
Deferred revenue |
(379) |
(42,614) |
(6,722) |
||
Accrued expenses and other current liabilities |
(118,972) |
(132,218) |
(20,857) |
||
Amount due to related parties |
(7,156) |
(157) |
(25) |
||
Deferred tax liabilities |
(9,238) |
(95,385) |
(15,047) |
||
Other non-current liabilities |
4,360 |
(6,640) |
(1,047) |
||
Net cash provided by operating activities |
501,592 |
43,310 |
6,834 |
||
Cash flows from investing activities: |
|||||
Purchase of property and equipment |
(25,183) |
(21,647) |
(3,415) |
||
Purchase of short-term deposits |
(910,000) |
- |
- |
||
Cash received on maturity of short-term deposits |
569,294 |
910,000 |
143,549 |
||
Purchase of long-term deposits |
- |
(1,150,000) |
(181,408) |
||
Cash received on investment income distribution |
5,610 |
3,523 |
556 |
||
Other investing activities |
3 |
4 |
1 |
||
Net cash used in investing activities |
(360,276) |
(258,120) |
(40,717) |
||
Cash flows from financing activities: |
|||||
Deferred payment for business acquisition |
(12,907) |
(5,563) |
(878) |
||
Proceeds from exercise of share options |
- |
31 |
5 |
||
Repurchase of ordinary shares |
(3,079) |
- |
- |
||
Repurchase of subsidiary's share options |
(2,781) |
(4,427) |
(698) |
||
Payment for redemption of convertible bonds |
- |
(110,007) |
(17,353) |
||
Net cash used in financing activities |
(18,767) |
(119,966) |
(18,924) |
||
Effect of exchange rate changes |
3,916 |
(15,611) |
(2,466) |
||
Net increase (decrease) in cash and cash equivalents |
126,465 |
(350,387) |
(55,273) |
||
Cash, cash equivalents and restricted cash at the beginning of period |
3,366,072 |
5,647,034 |
890,798 |
||
Cash, cash equivalents and restricted cash at the end of period |
3,492,537 |
5,296,647 |
835,525 |
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 March 31, 2021 |
Ended March 31, 2022 |
Ended March 31, 2022 |
|||||||||||
GAAP |
Amortization of |
Share-based |
Tax impacts |
Non-GAAP |
GAAP |
Share-based |
Non-GAAP |
GAAP |
Share-based |
Non-GAAP |
|||
(ii) |
|||||||||||||
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
US$ |
US$ |
|||
Cost of revenues |
(1,938,245) |
17,311 |
3,724 |
- |
(1,917,210) |
(1,821,388) |
3,078 |
(1,818,310) |
(287,317) |
486 |
(286,831) |
||
Research and development |
(286,493) |
2,199 |
40,209 |
- |
(244,085) |
(250,195) |
20,974 |
(229,221) |
(39,467) |
3,309 |
(36,158) |
||
Sales and marketing |
(613,573) |
16,189 |
17,556 |
- |
(579,828) |
(588,577) |
10,605 |
(577,972) |
(92,846) |
1,673 |
(91,173) |
||
General and administrative |
(177,962) |
- |
83,768 |
- |
(94,194) |
(159,835) |
73,959 |
(85,876) |
(25,213) |
11,667 |
(13,546) |
||
Cost and operating expenses |
(3,016,273) |
35,699 |
145,257 |
- |
(2,835,317) |
(2,819,995) |
108,616 |
(2,711,379) |
(444,843) |
17,135 |
(427,708) |
||
Income from operations |
480,223 |
35,699 |
145,257 |
- |
661,179 |
352,014 |
108,616 |
460,630 |
55,529 |
17,135 |
72,664 |
||
Net income attributable to Hello Group Inc. |
461,659 |
35,699 |
145,257 |
(8,925) |
633,690 |
289,885 |
108,616 |
398,501 |
45,729 |
17,135 |
62,864 |
||
(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 March 31, 2022 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Net revenues: |
|||||||||
Live video service |
1,483,523 |
125,200 |
- |
1,608,723 |
253,770 |
||||
Value-added service |
1,259,592 |
223,839 |
- |
1,483,431 |
234,006 |
||||
Mobile marketing |
27,873 |
- |
- |
27,873 |
4,397 |
||||
Mobile games |
25,497 |
- |
- |
25,497 |
4,022 |
||||
Other services |
2,390 |
- |
164 |
2,554 |
402 |
||||
Total net revenues |
2,798,875 |
349,039 |
164 |
3,148,078 |
496,597 |
||||
Cost and expenses (iii): |
|||||||||
Cost of revenues |
(1,644,827) |
(176,215) |
(346) |
(1,821,388) |
(287,317) |
||||
Research and development |
(188,299) |
(61,896) |
- |
(250,195) |
(39,467) |
||||
Sales and marketing |
(317,680) |
(270,147) |
(750) |
(588,577) |
(92,846) |
||||
General and administrative |
(147,196) |
(8,076) |
(4,563) |
(159,835) |
(25,213) |
||||
Total cost and expenses |
(2,298,002) |
(516,334) |
(5,659) |
(2,819,995) |
(444,843) |
||||
Other operating income |
18,346 |
5,544 |
41 |
23,931 |
3,775 |
||||
Income (loss) from operations |
519,219 |
(161,751) |
(5,454) |
352,014 |
55,529 |
||||
Interest income |
97,743 |
52 |
62 |
97,857 |
15,437 |
||||
Interest expense |
(19,334) |
- |
- |
(19,334) |
(3,050) |
||||
Other gain or loss, net |
11,619 |
- |
- |
11,619 |
1,833 |
||||
Income (loss) before income tax and share of income on equity |
609,247 |
(161,699) |
(5,392) |
442,156 |
69,749 |
||||
Income tax (expenses) benefits |
(150,105) |
(669) |
- |
(150,774) |
(23,784) |
||||
Income (loss) before share of income on equity method |
459,142 |
(162,368) |
(5,392) |
291,382 |
45,965 |
||||
Share of loss on equity method investments |
(2,600) |
- |
- |
(2,600) |
(410) |
||||
Net income (loss) |
456,542 |
(162,368) |
(5,392) |
288,782 |
45,555 |
||||
(iii) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||
Three months |
|||||||||
Ended March 31, 2022 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Cost of revenues |
1,847 |
1,231 |
- |
3,078 |
486 |
||||
Research and development |
18,453 |
2,521 |
- |
20,974 |
3,309 |
||||
Sales and marketing |
10,590 |
15 |
- |
10,605 |
1,673 |
||||
General and administrative |
73,913 |
46 |
- |
73,959 |
11,667 |
||||
Total cost and expenses |
104,803 |
3,813 |
- |
108,616 |
17,135 |
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 March 31, 2022 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Income (loss) from operations |
519,219 |
(161,751) |
(5,454) |
352,014 |
55,529 |
||||
Share-based compensation |
104,803 |
3,813 |
- |
108,616 |
17,135 |
||||
Non-GAAP income (loss) from operations |
624,022 |
(157,938) |
(5,454) |
460,630 |
72,664 |
||||
Net income (loss) |
456,542 |
(162,368) |
(5,392) |
288,782 |
45,555 |
||||
Share-based compensation |
104,803 |
3,813 |
- |
108,616 |
17,135 |
||||
Non-GAAP net income (loss) |
561,345 |
(158,555) |
(5,392) |
397,398 |
62,690 |
Hello Group Inc. |
|||||||||
Unaudited Condensed Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Three months |
|||||||||
Ended March 31, 2021 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$[1] |
|||||
Net revenues: |
|||||||||
Live video service |
1,710,889 |
251,206 |
- |
1,962,095 |
299,474 |
||||
Value-added service |
1,139,015 |
316,498 |
- |
1,455,513 |
222,155 |
||||
Mobile marketing |
38,717 |
- |
- |
38,717 |
5,909 |
||||
Mobile games |
11,184 |
- |
- |
11,184 |
1,707 |
||||
Other services |
1,968 |
- |
1,119 |
3,087 |
471 |
||||
Total net revenues |
2,901,773 |
567,704 |
1,119 |
3,470,596 |
529,716 |
||||
Cost and expenses (iv): |
|||||||||
Cost of revenues |
(1,656,895) |
(280,989) |
(361) |
(1,938,245) |
(295,834) |
||||
Research and development |
(205,330) |
(81,163) |
- |
(286,493) |
(43,727) |
||||
Sales and marketing |
(326,829) |
(286,710) |
(34) |
(613,573) |
(93,650) |
||||
General and administrative |
(159,451) |
(14,121) |
(4,390) |
(177,962) |
(27,162) |
||||
Total cost and expenses |
(2,348,505) |
(662,983) |
(4,785) |
(3,016,273) |
(460,373) |
||||
Other operating income |
19,961 |
5,938 |
1 |
25,900 |
3,953 |
||||
Income (loss) from operations |
573,229 |
(89,341) |
(3,665) |
480,223 |
73,296 |
||||
Interest income |
96,343 |
305 |
46 |
96,694 |
14,758 |
||||
Interest expense |
(18,361) |
- |
- |
(18,361) |
(2,802) |
||||
Other gain or loss, net |
(7,500) |
- |
- |
(7,500) |
(1,145) |
||||
Income (loss) before income tax and share of income on equity |
643,711 |
(89,036) |
(3,619) |
551,056 |
84,107 |
||||
Income tax (expenses) benefits |
(93,602) |
2,204 |
- |
(91,398) |
(13,950) |
||||
Income (loss) before share of income on equity method |
550,109 |
(86,832) |
(3,619) |
459,658 |
70,157 |
||||
Share of loss on equity method investments |
1,261 |
- |
- |
1,261 |
192 |
||||
Net income (loss) |
551,370 |
(86,832) |
(3,619) |
460,919 |
70,349 |
||||
(iv) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||
Three months |
|||||||||
Ended March 31, 2021 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Cost of revenues |
2,325 |
1,399 |
- |
3,724 |
568 |
||||
Research and development |
30,525 |
9,684 |
- |
40,209 |
6,137 |
||||
Sales and marketing |
12,906 |
4,650 |
- |
17,556 |
2,680 |
||||
General and administrative |
81,484 |
2,284 |
- |
83,768 |
12,785 |
||||
Total cost and expenses |
127,240 |
18,017 |
- |
145,257 |
22,170 |
||||
[1] All translations from RMB to U.S. dollars are made at a rate of RMB6.5518 to US$1.00, the effective noon buying rate for March 31, 2021 as set forth in |
Hello Group Inc. |
|||||||||
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Three months |
|||||||||
Ended March 31, 2021 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Income (loss) from operations |
573,229 |
(89,341) |
(3,665) |
480,223 |
73,296 |
||||
Share-based compensation |
127,240 |
18,017 |
- |
145,257 |
22,170 |
||||
Amortization of intangible assets from |
- |
35,699 |
- |
35,699 |
5,449 |
||||
Non-GAAP income (loss) from operations |
700,469 |
(35,625) |
(3,665) |
661,179 |
100,915 |
||||
Net income (loss) |
551,370 |
(86,832) |
(3,619) |
460,919 |
70,349 |
||||
Share-based compensation |
127,240 |
18,017 |
- |
145,257 |
22,170 |
||||
Amortization of intangible assets from |
- |
35,699 |
- |
35,699 |
5,449 |
||||
Tax impacts |
- |
(8,925) |
- |
(8,925) |
(1,362) |
||||
Non-GAAP net income (loss) |
678,610 |
(42,041) |
(3,619) |
632,950 |
96,606 |
ИСТОЧНИК Hello Group Inc.
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