– моментальные уведомления о рынке акций
– моментальные уведомления о рынке акций
BEIJING, March 24, 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 fourth quarter and the full year ended December 31, 2021.
Fourth Quarter of 2021 Highlights
Full Year 2021 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 RMB6.3726 to US$1.00, the effective noon buying rate for December 30, 2021 as set forth in the H.10 statistical release of the Federal Reserve Board. |
"2021 was a busy year for us. Despite a variety of external challenges, our team was able to methodically execute our strategic priorities and delivered solid results. I am confident that we'll continue to navigate through the challenges ahead and capitalize on the growth opportunities down the road." commented Li Wang, CEO of Hello Group.
Fourth Quarter of 2021 Financial Results
Total net revenues were RMB3,674.2 million (US$576.6 million) in the fourth quarter of 2021, a decrease of 3.2% from RMB3,795.2 million in the fourth quarter of 2020.
Live video service revenues were RMB2,148.8 million (US$337.2 million) in the fourth quarter of 2021, a decrease of 7.7% from RMB2,327.9 million during the same period of 2020. The decrease was primarily attributable to the decrease in Tantan's live streaming revenues due to the shift of our strategic focus. The live steaming revenues on Momo application increased 1% year over year in the fourth quarter of 2021.
Value-added service revenues mainly include virtual gift revenues and membership subscription revenues. Total value-added service revenues were RMB1,475.7 million (US$231.6 million) in the fourth quarter of 2021, an increase of 5.3% from RMB1,401.3 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 the rapid growth in the revenues generated by new standalone apps. The increase was partially offset by the decrease in the value-added service revenues of Tantan, due to our strategy to lower the monetization level to improve user experience and retention.
Mobile marketing revenues were RMB25.4 million (US$4.0 million) in the fourth quarter of 2021, a decrease of 51.8% from RMB52.7 million during the same period of 2020. The decrease in mobile marketing revenues was due to our product adjustment to address new regulation requirement.
Mobile games revenues were RMB19.3 million (US$3.0 million) in the fourth quarter of 2021, an increase of 163.1% from RMB7.3 million in the fourth quarter of 2020.
Net revenues from the Momo segment increased from RMB3,051.3 million in the fourth quarter of 2020 to RMB3,235.6 million (US$507.7 million) in the fourth quarter of 2021, primarily due to the increase in net revenues from value-added service. Net revenues from the Tantan segment decreased from RMB740.5 million in the fourth quarter of 2020 to RMB437.2 million (US$68.6 million) in the fourth quarter of 2021, due to our strategy to lower the monetization level in order to improve user experience and retention.
Cost and expenses
Cost and expenses were RMB7,729.4 million (US$1,212.9 million) in the fourth quarter of 2021, an increase of 134.9% from RMB3,290.0 million in the fourth quarter of 2020. The increase was primarily attributable to: (a) an increase in impairment loss on goodwill and intangible assets amounting to RMB4,397.0 million (US$690.0 million); and (b) an increase in revenue sharing with broadcasters related to Momo's core live video service, and virtual gift recipients for our virtual gift service. These increases were partially offset by a decrease in revenue sharing with broadcasters related to Tantan's live video service, 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 RMB3,205.8 million (US$503.1 million) in the fourth quarter of 2021, an increase of 3.6% from RMB3,095.9 million during the same period of 2020.
Other operating income
Other operating income was RMB38.6 million (US$6.1 million) in the fourth quarter of 2021, a decrease from RMB88.4 million during the fourth quarter of 2020. The other operating income mainly consisted of government incentives.
Income (loss) from operations
Loss from operations was RMB4,016.6 million (US$630.3 million) in the fourth quarter of 2021, compared to an income from operations of RMB593.6 million during the same period of 2020. Income from operations of the Momo segment was RMB549.3 million (US$86.2 million) in the fourth quarter of 2021, which decreased from RMB650.9 million in the fourth quarter of 2020. Loss from operations of the Tantan segment was RMB162.5 million (US$25.5 million) in the fourth quarter of 2021, compared to loss from operations of RMB53.1 million in the fourth quarter of 2020.
Non-GAAP income from operations (note 1) was RMB507.0 million (US$79.6 million) in the fourth quarter of 2021, compared to RMB787.7 million during the same period of 2020. Non-GAAP income from operations of the Momo segment was RMB658.4 million (US$103.3 million) in the fourth quarter of 2021, which decreased from RMB791.8 million in the fourth quarter of 2020. Non-GAAP loss from operations of the Tantan segment was RMB145.0 million (US$22.8 million) in the fourth quarter of 2021, compared to non-GAAP loss from operations of RMB2.3 million in the fourth quarter of 2020.
Income tax expenses
Income tax expenses were RMB296.5 million (US$46.5 million) in the fourth quarter of 2021, compared to RMB5.5 million in the fourth quarter of 2020. The increase was primarily due to the following reasons: (a) in the fourth quarter of 2021, we accrued withholding income tax of RMB207.4 million (US$32.5 million) on undistributed earnings generated in 2021 by our 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 fourth quarter of 2020, we reversed the over-accrued income tax expenses of RMB113.4 million, due to the preferential tax rate adjustment from 12.5% to 10.0% for WFOE, resulting from the fact that the application of the Key Software Enterprise for the fiscal year of 2019 was approved in 2020.
Net income (loss)
Net loss was RMB4,244.0 million (US$666.0 million) in the fourth quarter of 2021, compared to a net income of RMB651.1 million during the same period of 2020. Net income from the Momo segment was RMB306.7 million (US$48.1 million) in the fourth quarter of 2021, which decreased from RMB705.8 million in the fourth quarter of 2020. Net loss from the Tantan segment was RMB147.3 million (US$23.1 million) in the fourth quarter of 2021, compared to net loss of RMB50.5 million in the fourth quarter of 2020.
Non-GAAP net income (note 1) was RMB279.6 million (US$43.9 million) in the fourth quarter of 2021, compared to RMB836.1 million during the same period of 2020. Non-GAAP net income from the Momo segment was RMB415.8 million (US$65.3 million) in the fourth quarter of 2021, which decreased from RMB846.7 million in the fourth quarter of 2020. Non-GAAP net loss of the Tantan segment was RMB129.9 million (US$20.4 million) in the fourth quarter of 2021, compared to non-GAAP net loss of RMB8.8 million in the fourth quarter of 2020.
Net income (loss) attributable to Hello Group Inc.
Net loss attributable to Hello Group Inc. was RMB4,242.7 million (US$665.8 million) in the fourth quarter of 2021, compared to a net income of RMB651.5 million during the same period of 2020.
Non-GAAP net income (note 1) attributable to Hello Group Inc. was RMB280.9 million (US$44.1 million) in the fourth quarter of 2021, compared to RMB836.4 million during the same period of 2020.
Net income (loss) per ADS
Diluted net loss per ADS was RMB21.50 (US$3.37) in the fourth quarter of 2021, compared to a diluted net income per ADS of RMB2.98 in the fourth quarter of 2020.
Non-GAAP diluted net income per ADS (note 1) was RMB1.38 (US$0.22) in the fourth quarter of 2021, compared to RMB3.80 in the fourth quarter of 2020.
Cash and cash flow
As of December 31, 2021, the Company's cash, cash equivalents, short-term deposits, long-term deposits and long-term restricted cash totaled RMB15,707.0 million (US$2,464.8 million), compared to RMB16,482.3 million as of December 31, 2020. Net cash provided by operating activities in the fourth quarter of 2021 was RMB665.5 million (US$104.4 million), compared to RMB1,039.1 million in the fourth quarter of 2020.
Full Year 2021 Financial Results
Net revenues for the full year of 2021 were RMB14,575.7 million (US$2,287.2 million), a decrease of 3.0% from RMB15,024.2 million in the same period of 2020.
Net loss attributable to Hello Group Inc. was RMB2,913.7 million (US$457.2 million) for the full year of 2021, compared to a net income of RMB2,103.5 million during the same period of 2020.
Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB2,037.1 million (US$319.7 million) for the full year of 2021, compared to RMB2,896.2 million during the same period of 2020.
Diluted net loss per ADS was RMB14.40 (US$2.26) during the full year of 2021, compared to a diluted net income per ADS of RMB9.65 in the same period of 2020.
Non-GAAP diluted net income per ADS (note 1) was RMB9.56 (US$1.50) during the full year of 2021, compared to RMB13.16 in the same period of 2020.
Net cash provided by operating activities was RMB1,559.2 million (US$244.7 million) during the full year of 2021, compared to RMB3,080.9 million in the same period of 2020.
Recent Development
Declaration of a special cash dividend
Hello Group's board of directors has declared a special cash dividend in the amount of US$0.64 per ADS, or US$0.32 per ordinary share. The cash dividend will be paid on April 29, 2022 to shareholders of record at the close of business on April 13, 2022. The ex-dividend date will be April 12, 2022. The aggregate amount of cash dividends to be paid is approximately US$127 million, which will be funded by surplus cash on the Company's balance sheet.
The Company today announced that Jonathon Zhang, Chief Financial Officer, will retire effective June 30, 2022. Cathy Hui Peng, Senior Vice President of corporate finance, will assume the role of chief financial officer following Mr. Zhang's retirement and Mr. Zhang will remain with the Company as a senior advisor.
"My tenure with Hello Group was such a gratifying journey. I consider the past 8 years with the Company as the most exciting part of my long career life. It has been an absolute privilege to work with the team and have built a great business." said Jonathon Zhang. "I'm also pleased to pass the baton to Cathy. A long time deputy of mine, she is the right person to lead the team to continue their success."
"Jonathon has made tremendous contribution to the Company over the past 8 years. He has been playing an indispensable role in transforming the company and guiding the team to enable our success. On behalf of the company, I want to thank Jonathon for his leadership and dedication and wish him much happiness in his next chapter." said Li Wang, Chief Executive Officer of the Company. "At the same time, we are delighted that Cathy will transition into the CFO role. Her deep capital market experience, demonstrated financial acumen and leadership skills will serve her well in her new role."
Prior to this expanded role, Ms. Peng serves as the Company's Senior Vice President of corporate finance. In this role she is responsible for the company's financial planning and analysis, strategic investment and acquisitions, as well as corporate strategy and investor communications. Ms. Peng joined the Company in 2015 as vice president of investor relations. Since then, she has played a key role in driving the company's success in various capital market transactions. From 2007 to 2015, Ms. Peng worked for SINA Corporation as director of investor relations and a corporate treasurer. Prior to that, she worked for several public and private companies in TMT space where she served various roles in accounting, financial planning and analysis, M&As and corporate communications. Ms. Peng started her career in auditing at Ernst &Young from 2001. Ms. Peng received her bachelor degree in Economics from Peking University in 2001.
Business Outlook
For the first quarter of 2022, the Company expects total net revenues to be between RMB3.1 billion to RMB3.2 billion, representing a decrease of 10.7% to 7.8% 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, impairment loss on goodwill and intangible assets, amortization of intangible assets from business acquisitions, and tax impacts related to the amortization of intangible assets from business acquisitions.
Reconciliations of our non-GAAP financial measures to our U.S. GAAP financial measures are shown in tables at the end of this earnings release, which provide more details about the non-GAAP financial measures.
Our non-GAAP financial information is provided as additional information to help investors compare business trends among different reporting periods on a consistent basis and to enhance investors' overall understanding of the historical and current financial performance of our continuing operations and our prospects for the future. Our non-GAAP financial information should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to the GAAP results. In addition, our calculation of the non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited.
Our non-GAAP information (including non-GAAP cost and operating expenses, income (loss) from operations, net income (loss), net income (loss) attributable to Hello Group Inc., and diluted net income per ADS) is adjusted from the most comparable GAAP results to exclude share-based compensation, impairment loss on goodwill and intangible assets, amortization of intangible assets from business acquisitions, and tax impacts related to the amortization of intangible assets from business acquisitions. A limitation of using these non-GAAP financial measures is that share-based compensation, impairment loss on goodwill and intangible assets, amortization of intangible assets from business acquisitions, and tax impacts related to the amortization of intangible assets from business acquisitions have been and will continue to be for the foreseeable future significant recurring expenses in our results of operations. We compensate for such limitation by providing reconciliations of our non-GAAP measures to our U.S. GAAP measures. Please see the reconciliation tables at the end of this earnings release.
Conference Call
Hello Group's management will host an earnings conference call on Thursday, March 24, 2022, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on March 24, 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/1244109
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, April 1, 2022. The dial-in details for the replay are as follows:
International: +61-2- 9003- 4211U.S. Toll Free: +1-855- 4525-696Passcode: 1244109
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: +86-10-5731-0538Email: [email protected]
In ChinaMr. Eric Yuan Phone: +86-10-5900-1548 E-mail: [email protected]
Ms. Linda BergkampPhone: +1-480-614-3004 Email: [email protected]
Safe Harbor Statement
This news release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include but are not limited to our management quotes, our financial outlook for the first 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 fourth quarter of 2021 are preliminary, unaudited and subject to audit adjustment. In addition, we may not meet our financial outlook for the first 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 |
Year |
||||||||||
Ended December 31 |
Ended December 31 |
||||||||||
2020 |
2021 |
2021 |
2020 |
2021 |
2021 |
||||||
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
||||||
Net revenues: |
|||||||||||
Live video service |
2,327,875 |
2,148,785 |
337,191 |
9,637,579 |
8,378,945 |
1,314,839 |
|||||
Value-added service |
1,401,269 |
1,475,733 |
231,575 |
5,112,182 |
5,971,792 |
937,104 |
|||||
Mobile marketing |
52,663 |
25,369 |
3,981 |
198,197 |
159,010 |
24,952 |
|||||
Mobile games |
7,334 |
19,294 |
3,028 |
39,564 |
47,712 |
7,487 |
|||||
Other services |
6,060 |
5,048 |
792 |
36,666 |
18,260 |
2,866 |
|||||
Total net revenues |
3,795,201 |
3,674,229 |
576,567 |
15,024,188 |
14,575,719 |
2,287,248 |
|||||
Cost and expenses: |
|||||||||||
Cost of revenues |
(2,042,781) |
(2,191,520) |
(343,897) |
(7,976,781) |
(8,383,431) |
(1,315,543) |
|||||
Research and development |
(327,295) |
(316,024) |
(49,591) |
(1,167,677) |
(1,131,781) |
(177,601) |
|||||
Sales and marketing |
(697,722) |
(659,604) |
(103,506) |
(2,813,922) |
(2,604,309) |
(408,673) |
|||||
General and administrative |
(222,191) |
(165,257) |
(25,932) |
(763,150) |
(624,700) |
(98,029) |
|||||
Impairment loss ongoodwill and intangible assets |
- |
(4,397,012) |
(689,987) |
- |
(4,397,012) |
(689,987) |
|||||
Total cost and expenses |
(3,289,989) |
(7,729,417) |
(1,212,913) |
(12,721,530) |
(17,141,233) |
(2,689,833) |
|||||
Other operating income |
88,385 |
38,558 |
6,051 |
228,777 |
175,947 |
27,610 |
|||||
Income (loss) from operations |
593,597 |
(4,016,630) |
(630,295) |
2,531,435 |
(2,389,567) |
(374,975) |
|||||
Interest income |
100,880 |
99,573 |
15,625 |
444,471 |
384,279 |
60,302 |
|||||
Interest expense |
(19,047) |
(18,444) |
(2,894) |
(78,872) |
(73,776) |
(11,577) |
|||||
Other gain or loss, net |
7,500 |
2,000 |
314 |
1,500 |
(16,000) |
(2,511) |
|||||
Income (loss) before income tax and share of income on |
682,930 |
(3,933,501) |
(617,250) |
2,898,534 |
(2,095,064) |
(328,761) |
|||||
Income tax expenses |
(5,481) |
(296,491) |
(46,526) |
(755,620) |
(822,556) |
(129,077) |
|||||
Income (loss) before share of income on equity method |
677,449 |
(4,229,992) |
(663,776) |
2,142,914 |
(2,917,620) |
(457,838) |
|||||
Share of loss on equity method investments |
(26,319) |
(14,045) |
(2,204) |
(42,522) |
(8,084) |
(1,269) |
|||||
Net income (loss) |
651,130 |
(4,244,037) |
(665,980) |
2,100,392 |
(2,925,704) |
(459,107) |
|||||
Less: net loss attributable to non-controlling interest |
(320) |
(1,319) |
(207) |
(3,092) |
(11,996) |
(1,882) |
|||||
Net income (loss) attributable to the shareholders of Hello |
651,450 |
(4,242,718) |
(665,773) |
2,103,484 |
(2,913,708) |
(457,225) |
|||||
Net income (loss) per share attributable to ordinary |
|||||||||||
Basic |
1.57 |
(10.75) |
(1.69) |
5.05 |
(7.20) |
(1.13) |
|||||
Diluted |
1.49 |
(10.75) |
(1.69) |
4.83 |
(7.20) |
(1.13) |
|||||
Weighted average shares used in calculating net income (loss) |
|||||||||||
Basic |
414,839,350 |
394,694,993 |
394,694,993 |
416,914,898 |
404,701,910 |
404,701,910 |
|||||
Diluted |
449,683,596 |
394,694,993 |
394,694,993 |
452,081,642 |
404,701,910 |
404,701,910 |
|||||
Hello Group Inc. |
|||||||||||
Unaudited Condensed Consolidated Statement of Comprehensive Income |
|||||||||||
(All amounts in thousands, except share and per share data) |
|||||||||||
Three months |
Year |
||||||||||
Ended December 31 |
Ended December 31 |
||||||||||
2020 |
2021 |
2021 |
2020 |
2021 |
2021 |
||||||
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
||||||
Net income (loss) |
651,130 |
(4,244,037) |
(665,980) |
2,100,392 |
(2,925,704) |
(459,107) |
|||||
Other comprehensive loss, net of tax: |
|||||||||||
Foreign currency translation adjustment |
(69,010) |
(7,331) |
(1,150) |
(141,677) |
(39,161) |
(6,145) |
|||||
Comprehensive income (loss) |
582,120 |
(4,251,368) |
(667,130) |
1,958,715 |
(2,964,865) |
(465,252) |
|||||
Less: comprehensive loss attributed to the non- |
(9,059) |
(3,280) |
(515) |
(26,004) |
(16,603) |
(2,605) |
|||||
Comprehensive income (loss) attributable to |
591,179 |
(4,248,088) |
(666,615) |
1,984,719 |
(2,948,262) |
(462,647) |
|||||
Hello Group Inc. |
|||||
Unaudited Condensed Consolidated Balance Sheets |
|||||
(All amounts in thousands, except share and per share data) |
|||||
December 31 |
December 31 |
December 31 |
|||
2020 |
2021 |
2021 |
|||
RMB |
RMB |
US$ |
|||
Assets |
|||||
Current assets |
|||||
Cash and cash equivalents |
3,363,942 |
5,570,563 |
874,143 |
||
Short-term deposits |
7,566,250 |
2,860,000 |
448,796 |
||
Restricted cash |
2,130 |
- |
- |
||
Accounts receivable, net of allowance for doubtful accounts of |
200,831 |
205,225 |
32,204 |
||
Prepaid expenses and other current assets |
613,696 |
775,072 |
121,626 |
||
Total current assets |
11,746,849 |
9,410,860 |
1,476,769 |
||
Long-term deposits |
5,550,000 |
7,200,000 |
1,129,837 |
||
Long-term restricted cash |
- |
76,471 |
12,000 |
||
Right-of-use assets, net |
278,175 |
257,934 |
40,475 |
||
Property and equipment, net |
265,765 |
180,664 |
28,350 |
||
Intangible assets, net |
687,211 |
27,320 |
4,287 |
||
Rental deposits |
21,794 |
19,204 |
3,014 |
||
Long-term investments |
454,996 |
820,006 |
128,677 |
||
Other non-current assets |
94,868 |
83,930 |
13,170 |
||
Deferred tax assets |
32,495 |
34,849 |
5,469 |
||
Goodwill |
4,088,403 |
- |
- |
||
Total assets |
23,220,556 |
18,111,238 |
2,842,048 |
||
Liabilities and equity |
|||||
Current liabilities |
|||||
Accounts payable |
699,394 |
726,207 |
113,957 |
||
Deferred revenue |
511,617 |
539,967 |
84,733 |
||
Accrued expenses and other current liabilities |
854,835 |
911,050 |
142,964 |
||
Amount due to related parties |
19,462 |
5,016 |
787 |
||
Lease liabilities due within one year |
132,793 |
162,950 |
25,570 |
||
Income tax payable |
236,490 |
125,773 |
19,737 |
||
Deferred consideration in connection with business acquisitions |
62,149 |
44,802 |
7,030 |
||
Total current liabilities |
2,516,740 |
2,515,765 |
394,778 |
||
Deferred tax liabilities |
171,803 |
213,384 |
33,485 |
||
Convertible senior notes |
4,658,966 |
4,565,292 |
716,394 |
||
Share-based compensation liability |
875,616 |
- |
- |
||
Lease liabilities |
136,436 |
103,105 |
16,179 |
||
Other non-current liabilities |
25,666 |
128,095 |
20,101 |
||
Total liabilities |
8,385,227 |
7,525,641 |
1,180,937 |
||
Shareholder's equity (i) |
14,835,329 |
10,585,597 |
1,661,111 |
||
Total liabilities and shareholder's equity |
23,220,556 |
18,111,238 |
2,842,048 |
||
(i): As of December 31, 2021, the number of ordinary shares outstanding was 395,200,884. |
|||||
Hello Group Inc. |
|||||||||||
Unaudited Condensed Consolidated Statement of Cash Flows |
|||||||||||
(All amounts in thousands, except share and per share data) |
|||||||||||
Three months |
Year |
||||||||||
Ended December 31 |
Ended December 31 |
||||||||||
2020 |
2021 |
2021 |
2020 |
2021 |
2021 |
||||||
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
||||||
Cash flows from operating activities: |
|||||||||||
Net income (loss) |
651,130 |
(4,244,037) |
(665,980) |
2,100,392 |
(2,925,704) |
(459,107) |
|||||
Adjustments to reconcile net income (loss) to net cash provided by |
|||||||||||
Depreciation of property and equipment |
55,375 |
34,226 |
5,371 |
208,990 |
155,537 |
24,407 |
|||||
Amortization of intangible assets |
37,741 |
1,279 |
201 |
157,258 |
109,062 |
17,114 |
|||||
Share-based compensation |
157,584 |
126,576 |
19,862 |
678,686 |
475,771 |
74,658 |
|||||
Share of loss on equity method investments |
26,319 |
14,045 |
2,204 |
42,522 |
8,084 |
1,269 |
|||||
Impairment loss on goodwill and intangible assets |
- |
4,397,012 |
689,987 |
- |
4,397,012 |
689,987 |
|||||
Gain or loss on long-term investments |
(7,500) |
(2,000) |
(314) |
(1,500) |
16,000 |
2,511 |
|||||
Gain on subsidiary deconsolidation |
- |
- |
- |
(6,676) |
- |
- |
|||||
Gain on disposal of subsidiaries |
- |
- |
- |
- |
(15,526) |
(2,436) |
|||||
Loss or gain on disposal of property and equipment |
3 |
(36) |
(6) |
(282) |
1,236 |
194 |
|||||
Provision of losses (income) on receivable and other assets |
19,663 |
(505) |
(79) |
46,075 |
(263) |
(41) |
|||||
Cash received on investment income distribution |
- |
- |
- |
1,153 |
- |
- |
|||||
Changes in operating assets and liabilities: |
|||||||||||
Accounts receivable |
34,533 |
13,984 |
2,194 |
52,247 |
(10,374) |
(1,628) |
|||||
Prepaid expenses and other current assets |
104,636 |
52,504 |
8,239 |
(59,117) |
(151,162) |
(23,721) |
|||||
Amount due from a related party |
- |
- |
- |
4,382 |
- |
- |
|||||
Rental deposits |
(4,372) |
1,171 |
184 |
(4,265) |
(343) |
(54) |
|||||
Deferred tax assets |
1,535 |
(338) |
(53) |
4,569 |
(2,354) |
(369) |
|||||
Other non-current assets |
(166,665) |
42,125 |
6,610 |
(138,484) |
34,075 |
5,347 |
|||||
Accounts payable |
66,948 |
11,053 |
1,734 |
(11,716) |
30,475 |
4,782 |
|||||
Income tax payable |
(95,341) |
(39,285) |
(6,165) |
82,514 |
(110,716) |
(17,374) |
|||||
Deferred revenue |
24,740 |
9,652 |
1,515 |
8,910 |
35,106 |
5,509 |
|||||
Accrued expenses and other current liabilities |
41,048 |
99,497 |
15,613 |
(120,363) |
60,668 |
9,520 |
|||||
Amount due to related parties |
(12,406) |
(9,751) |
(1,530) |
(10,144) |
(14,447) |
(2,267) |
|||||
Deferred tax liability |
(9,435) |
207,114 |
32,501 |
(39,315) |
180,173 |
28,273 |
|||||
Share-based compensation liability |
- |
- |
- |
- |
(678,153) |
(106,417) |
|||||
Other non-current liabilities |
113,553 |
(48,777) |
(7,654) |
85,053 |
(34,959) |
(5,486) |
|||||
Net cash provided by operating activities |
1,039,089 |
665,509 |
104,434 |
3,080,889 |
1,559,198 |
244,671 |
|||||
Cash flows from investing activities: |
|||||||||||
Purchase of property and equipment |
(16,095) |
(19,201) |
(3,013) |
(124,143) |
(95,323) |
(14,958) |
|||||
Payment for long-term investments |
(9,000) |
(115,052) |
(18,054) |
(13,500) |
(415,052) |
(65,131) |
|||||
Purchase of short-term deposits |
(3,654,500) |
(400,000) |
(62,769) |
(14,949,665) |
(4,976,688) |
(780,951) |
|||||
Cash received on maturity of short-term deposits |
3,954,500 |
3,550,000 |
557,072 |
19,577,159 |
9,667,570 |
1,517,053 |
|||||
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 |
880 |
|||||
Cash of disposed subsidiaries |
- |
- |
- |
- |
(8,750) |
(1,373) |
|||||
Cash received from sales of long term investment |
12,000 |
20,000 |
3,138 |
12,000 |
20,000 |
3,138 |
|||||
Purchase of long-term deposits |
(900,000) |
(1,600,000) |
(251,075) |
(5,250,000) |
(1,850,000) |
(290,305) |
|||||
Cash received on maturity of long term deposits |
- |
200,000 |
31,384 |
- |
200,000 |
31,384 |
|||||
Other investing activities |
2 |
569 |
89 |
(317) |
2,975 |
467 |
|||||
Net cash (used in) provided by investing activities |
(613,093) |
1,636,316 |
256,772 |
(748,466) |
2,550,342 |
400,204 |
|||||
Cash flows from financing activities: |
|||||||||||
Deferred payment for business acquisition |
- |
(50) |
(8) |
(18,355) |
(12,957) |
(2,033) |
|||||
Proceeds from exercise of share options |
171 |
5 |
1 |
226 |
776 |
122 |
|||||
Repurchase of ordinary shares |
(197,799) |
- |
- |
(330,206) |
(862,865) |
(135,402) |
|||||
Repurchase of subsidiary's share options |
(932) |
(5,070) |
(796) |
(25,832) |
(59,120) |
(9,277) |
|||||
Dividends payment |
- |
- |
- |
(1,123,983) |
(852,743) |
(133,814) |
|||||
Net cash used in financing activities |
(198,560) |
(5,115) |
(803) |
(1,498,150) |
(1,786,909) |
(280,404) |
|||||
Effect of exchange rate changes |
(37,770) |
(12,972) |
(2,035) |
(80,944) |
(41,669) |
(6,538) |
|||||
Net increase in cash and cash equivalents |
189,666 |
2,283,738 |
358,368 |
753,329 |
2,280,962 |
357,933 |
|||||
Cash, cash equivalents and restricted cash at the beginning of period |
3,176,406 |
3,363,296 |
527,775 |
2,612,743 |
3,366,072 |
528,210 |
|||||
Cash, cash equivalents and restricted cash at the end of period |
3,366,072 |
5,647,034 |
886,143 |
3,366,072 |
5,647,034 |
886,143 |
|||||
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 December 31, 2020 |
Ended December 31, 2021 |
Ended December 31, 2021 |
||||||||||||||
GAAP |
Amortization of |
Share-based |
Tax impacts |
Non-GAAP |
GAAP |
Impairment |
Share- |
Non-GAAP |
GAAP |
Impairment loss |
Share-based |
Non-GAAP |
||||
(ii) |
||||||||||||||||
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
US$ |
US$ |
US$ |
||||
Cost of revenues |
(2,042,781) |
17,694 |
4,242 |
- |
(2,020,845) |
(2,191,520) |
- |
3,393 |
(2,188,127) |
(343,897) |
- |
532 |
(343,365) |
|||
Research and development |
(327,295) |
2,247 |
38,515 |
- |
(286,533) |
(316,024) |
- |
36,303 |
(279,721) |
(49,591) |
- |
5,697 |
(43,894) |
|||
Sales and marketing |
(697,722) |
16,547 |
27,122 |
- |
(654,053) |
(659,604) |
- |
11,024 |
(648,580) |
(103,506) |
- |
1,730 |
(101,776) |
|||
General and administrative |
(222,191) |
- |
87,705 |
- |
(134,486) |
(165,257) |
- |
75,856 |
(89,401) |
(25,932) |
- |
11,903 |
(14,029) |
|||
Impairment loss on goodwill and intangible assets |
- |
- |
- |
- |
- |
(4,397,012) |
4,397,012 |
- |
- |
(689,987) |
689,987 |
- |
- |
|||
Cost and operating expenses |
(3,289,989) |
36,488 |
157,584 |
- |
(3,095,917) |
(7,729,417) |
4,397,012 |
126,576 |
(3,205,829) |
(1,212,913) |
689,987 |
19,862 |
(503,064) |
|||
Income (loss) from operations |
593,597 |
36,488 |
157,584 |
- |
787,669 |
(4,016,630) |
4,397,012 |
126,576 |
506,958 |
(630,295) |
689,987 |
19,862 |
79,554 |
|||
Net income (loss) attributable to Hello Group Inc. |
651,450 |
36,488 |
157,584 |
(9,122) |
836,400 |
(4,242,718) |
4,397,012 |
126,576 |
280,870 |
(665,773) |
689,987 |
19,862 |
44,076 |
|||
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. |
|||||||||||||||||||
Year |
Year |
Year |
||||||||||||||||||
Ended December 31, 2020 |
Ended December 31, 2021 |
Ended December 31, 2021 |
||||||||||||||||||
GAAP |
Amortization of |
Share-based |
Tax |
Non-GAAP |
GAAP |
Impairment |
Amortization of |
Share-based |
Tax |
Non-GAAP |
GAAP |
Impairment |
Amortization of |
Share-based |
Tax impacts |
Non-GAAP |
||||
(ii) |
(ii) |
(ii) |
||||||||||||||||||
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
US$ |
US$ |
US$ |
US$ |
US$ |
||||
Cost of revenues |
(7,976,781) |
73,740 |
18,449 |
- |
(7,884,592) |
(8,383,431) |
- |
51,853 |
17,941 |
- |
(8,313,637) |
(1,315,543) |
- |
8,137 |
2,815 |
- |
(1,304,591) |
|||
Research and development |
(1,167,677) |
9,365 |
175,870 |
- |
(982,442) |
(1,131,781) |
- |
3,660 |
139,571 |
- |
(988,550) |
(177,601) |
- |
574 |
21,902 |
- |
(155,125) |
|||
Sales and marketing |
(2,813,922) |
68,960 |
158,902 |
- |
(2,586,060) |
(2,604,309) |
- |
48,491 |
70,821 |
- |
(2,484,997) |
(408,673) |
- |
7,609 |
11,113 |
- |
(389,951) |
|||
General and administrative |
(763,150) |
- |
325,465 |
- |
(437,685) |
(624,700) |
- |
- |
247,438 |
- |
(377,262) |
(98,029) |
- |
- |
38,828 |
- |
(59,201) |
|||
Impairment loss on goodwill and intangible assets |
- |
- |
- |
- |
- |
(4,397,012) |
4,397,012 |
- |
- |
- |
- |
(689,987) |
689,987 |
- |
- |
- |
- |
|||
Cost and operating expenses |
(12,721,530) |
152,065 |
678,686 |
- |
(11,890,779) |
(17,141,233) |
4,397,012 |
104,004 |
475,771 |
- |
(12,164,446) |
(2,689,833) |
689,987 |
16,320 |
74,658 |
- |
(1,908,868) |
|||
Income (loss) from operations |
2,531,435 |
152,065 |
678,686 |
- |
3,362,186 |
(2,389,567) |
4,397,012 |
104,004 |
475,771 |
- |
2,587,220 |
(374,975) |
689,987 |
16,320 |
74,658 |
- |
405,990 |
|||
Net income (loss) attributable toHello Group Inc. |
2,103,484 |
152,065 |
678,686 |
(38,016) |
2,896,219 |
(2,913,708) |
4,397,012 |
104,004 |
475,771 |
(26,002) |
2,037,077 |
(457,225) |
689,987 |
16,320 |
74,658 |
(4,080) |
319,660 |
|||
(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 December 31, 2021 |
|||||||||||
Momo |
Tantan |
QOOL |
Unallocated[1] |
Total |
Total |
||||||
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
||||||
Net revenues: |
- |
||||||||||
Live video service |
1,947,958 |
200,827 |
- |
- |
2,148,785 |
337,191 |
|||||
Value-added service |
1,239,351 |
236,382 |
- |
- |
1,475,733 |
231,575 |
|||||
Mobile marketing |
25,369 |
- |
- |
- |
25,369 |
3,981 |
|||||
Mobile games |
19,294 |
- |
- |
- |
19,294 |
3,028 |
|||||
Other services |
3,667 |
- |
1,381 |
- |
5,048 |
792 |
|||||
Total net revenues |
3,235,639 |
437,209 |
1,381 |
- |
3,674,229 |
576,567 |
|||||
Cost and expenses (iii): |
|||||||||||
Cost of revenues |
(1,962,718) |
(228,290) |
(512) |
- |
(2,191,520) |
(343,897) |
|||||
Research and development |
(233,512) |
(82,512) |
- |
- |
(316,024) |
(49,591) |
|||||
Sales and marketing |
(377,672) |
(281,534) |
(398) |
- |
(659,604) |
(103,506) |
|||||
General and administrative |
(147,957) |
(10,362) |
(6,938) |
- |
(165,257) |
(25,932) |
|||||
Impairment loss on goodwill and intangible assets |
- |
- |
- |
(4,397,012) |
(4,397,012) |
(689,987) |
|||||
Total cost and expenses |
(2,721,859) |
(602,698) |
(7,848) |
(4,397,012) |
(7,729,417) |
(1,212,913) |
|||||
Other operating income |
35,532 |
3,023 |
3 |
- |
38,558 |
6,051 |
|||||
Income (loss) from operations |
549,312 |
(162,466) |
(6,464) |
(4,397,012) |
(4,016,630) |
(630,295) |
|||||
Interest income |
99,399 |
139 |
35 |
- |
99,573 |
15,625 |
|||||
Interest expense |
(18,444) |
- |
- |
- |
(18,444) |
(2,894) |
|||||
Other gain or loss, net |
2,000 |
- |
- |
- |
2,000 |
314 |
|||||
Income (loss) before income tax and share of income on |
632,267 |
(162,327) |
(6,429) |
(4,397,012) |
(3,933,501) |
(617,250) |
|||||
Income tax (expenses) benefits |
(311,479) |
14,988 |
- |
- |
(296,491) |
(46,526) |
|||||
Income (loss) before share of income on equity method |
320,788 |
(147,339) |
(6,429) |
(4,397,012) |
(4,229,992) |
(663,776) |
|||||
Share of loss on equity method investments |
(14,045) |
- |
- |
- |
(14,045) |
(2,204) |
|||||
Net income (loss) |
306,743 |
(147,339) |
(6,429) |
(4,397,012) |
(4,244,037) |
(665,980) |
|||||
(iii) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||||
Three months |
|||||||||||
Ended December 31, 2021 |
|||||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||||
Cost of revenues |
2,729 |
664 |
- |
3,393 |
532 |
||||||
Research and development |
19,569 |
16,734 |
- |
36,303 |
5,697 |
||||||
Sales and marketing |
10,997 |
27 |
- |
11,024 |
1,730 |
||||||
General and administrative |
75,808 |
48 |
- |
75,856 |
11,903 |
||||||
Total cost and expenses |
109,103 |
17,473 |
- |
126,576 |
19,862 |
||||||
[1] The impairment loss on goodwill and intangible assets is presented as an unallocated item in the segment information because our management does not consider this as part of the segment operating performance measure. |
|||||||||||
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 December 31, 2021 |
|||||||||||
Momo |
Tantan |
QOOL |
Unallocated |
Total |
Total |
||||||
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
||||||
Income (loss) from operations |
549,312 |
(162,466) |
(6,464) |
(4,397,012) |
(4,016,630) |
(630,295) |
|||||
Share-based compensation |
109,103 |
17,473 |
- |
- |
126,576 |
19,862 |
|||||
Impairment loss on goodwill and intangible assets |
- |
- |
- |
4,397,012 |
4,397,012 |
689,987 |
|||||
Non-GAAP income (loss) from operations |
658,415 |
(144,993) |
(6,464) |
- |
506,958 |
79,554 |
|||||
Net income (loss) |
306,743 |
(147,339) |
(6,429) |
(4,397,012) |
(4,244,037) |
(665,980) |
|||||
Share-based compensation |
109,103 |
17,473 |
- |
- |
126,576 |
19,862 |
|||||
Impairment loss on goodwill and intangible assets |
- |
- |
- |
4,397,012 |
4,397,012 |
689,987 |
|||||
Non-GAAP net income (loss) |
415,846 |
(129,866) |
(6,429) |
- |
279,551 |
43,869 |
|||||
Hello Group Inc. |
|||||||||
Unaudited Condensed Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Three months |
|||||||||
Ended December 31, 2020 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$[2] |
|||||
Net revenues: |
|||||||||
Live video service |
1,923,544 |
404,331 |
- |
2,327,875 |
356,762 |
||||
Value-added service |
1,065,062 |
336,207 |
- |
1,401,269 |
214,754 |
||||
Mobile marketing |
52,663 |
- |
- |
52,663 |
8,071 |
||||
Mobile games |
7,334 |
- |
- |
7,334 |
1,124 |
||||
Other services |
2,743 |
- |
3,317 |
6,060 |
929 |
||||
Total net revenues |
3,051,346 |
740,538 |
3,317 |
3,795,201 |
581,640 |
||||
Cost and expenses (iv): |
|||||||||
Cost of revenues |
(1,676,071) |
(365,350) |
(1,360) |
(2,042,781) |
(313,070) |
||||
Research and development |
(243,555) |
(83,740) |
- |
(327,295) |
(50,160) |
||||
Sales and marketing |
(361,115) |
(336,558) |
(49) |
(697,722) |
(106,931) |
||||
General and administrative |
(202,831) |
(11,891) |
(7,469) |
(222,191) |
(34,052) |
||||
Total cost and expenses |
(2,483,572) |
(797,539) |
(8,878) |
(3,289,989) |
(504,213) |
||||
Other operating income |
83,110 |
3,945 |
1,330 |
88,385 |
13,546 |
||||
Income (loss) from operations |
650,884 |
(53,056) |
(4,231) |
593,597 |
90,973 |
||||
Interest income |
100,347 |
486 |
47 |
100,880 |
15,461 |
||||
Interest expense |
(19,047) |
- |
- |
(19,047) |
(2,919) |
||||
Other gain or loss, net |
7,500 |
- |
- |
7,500 |
1,149 |
||||
Income (loss) before income tax and share of income on equity |
739,684 |
(52,570) |
(4,184) |
682,930 |
104,664 |
||||
Income tax (expenses) benefits |
(7,565) |
2,084 |
- |
(5,481) |
(840) |
||||
Income (loss) before share of income on equity method |
732,119 |
(50,486) |
(4,184) |
677,449 |
103,824 |
||||
Share of loss on equity method investments |
(26,319) |
- |
- |
(26,319) |
(4,034) |
||||
Net income (loss) |
705,800 |
(50,486) |
(4,184) |
651,130 |
99,790 |
||||
(iv) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||
Three months |
|||||||||
Ended December 31, 2020 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Cost of revenues |
2,844 |
1,398 |
- |
4,242 |
650 |
||||
Research and development |
31,946 |
6,569 |
- |
38,515 |
5,903 |
||||
Sales and marketing |
21,452 |
5,670 |
- |
27,122 |
4,157 |
||||
General and administrative |
84,706 |
644 |
2,355 |
87,705 |
13,441 |
||||
Total cost and expenses |
140,948 |
14,281 |
2,355 |
157,584 |
24,151 |
||||
[2] All translations from RMB to U.S. dollars are made at a rate of RMB6.525 to US$1.00, the effective noon buying rate for December 31, 2020 as set forth in the H.10 statistical release of the Federal Reserve Board. |
|||||||||
Hello Group Inc. |
|||||||||
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Three months |
|||||||||
Ended December 31, 2020 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Income (loss) from operations |
650,884 |
(53,056) |
(4,231) |
593,597 |
90,973 |
||||
Share-based compensation |
140,948 |
14,281 |
2,355 |
157,584 |
24,151 |
||||
Amortization of intangible assets from |
- |
36,488 |
- |
36,488 |
5,592 |
||||
Non-GAAP income (loss) from operations |
791,832 |
(2,287) |
(1,876) |
787,669 |
120,716 |
||||
Net income (loss) |
705,800 |
(50,486) |
(4,184) |
651,130 |
99,790 |
||||
Share-based compensation |
140,948 |
14,281 |
2,355 |
157,584 |
24,151 |
||||
Amortization of intangible assets from |
- |
36,488 |
- |
36,488 |
5,592 |
||||
Tax impacts |
- |
(9,122) |
- |
(9,122) |
(1,398) |
||||
Non-GAAP net income (loss) |
846,748 |
(8,839) |
(1,829) |
836,080 |
128,135 |
||||
Hello Group Inc. |
|||||||||||
Unaudited Condensed Segment Report |
|||||||||||
(All amounts in thousands, except share and per share data) |
|||||||||||
Year |
|||||||||||
Ended December 31, 2021 |
|||||||||||
Momo |
Tantan |
QOOL |
Unallocated |
Total |
Total |
||||||
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
||||||
Net revenues: |
- |
||||||||||
Live video service |
7,475,809 |
903,136 |
- |
- |
8,378,945 |
1,314,839 |
|||||
Value-added service |
4,845,744 |
1,126,048 |
- |
- |
5,971,792 |
937,104 |
|||||
Mobile marketing |
159,010 |
- |
- |
- |
159,010 |
24,952 |
|||||
Mobile games |
47,712 |
- |
- |
- |
47,712 |
7,487 |
|||||
Other services |
12,930 |
- |
5,330 |
- |
18,260 |
2,866 |
|||||
Total net revenues |
12,541,205 |
2,029,184 |
5,330 |
- |
14,575,719 |
2,287,248 |
|||||
Cost and expenses (v): |
|||||||||||
Cost of revenues |
(7,301,048) |
(1,044,852) |
(37,531) |
- |
(8,383,431) |
(1,315,543) |
|||||
Research and development |
(828,688) |
(303,093) |
- |
- |
(1,131,781) |
(177,601) |
|||||
Sales and marketing |
(1,420,130) |
(1,180,146) |
(4,033) |
- |
(2,604,309) |
(408,673) |
|||||
General and administrative |
(619,922) |
18,401 |
(23,179) |
- |
(624,700) |
(98,029) |
|||||
Impairment loss on goodwill and intangible assets |
- |
- |
- |
(4,397,012) |
(4,397,012) |
(689,987) |
|||||
Total cost and expenses |
(10,169,788) |
(2,509,690) |
(64,743) |
(4,397,012) |
(17,141,233) |
(2,689,833) |
|||||
Other operating income |
138,884 |
37,029 |
34 |
- |
175,947 |
27,610 |
|||||
Income (loss) from operations |
2,510,301 |
(443,477) |
(59,379) |
(4,397,012) |
(2,389,567) |
(374,975) |
|||||
Interest income |
383,028 |
1,091 |
160 |
- |
384,279 |
60,302 |
|||||
Interest expense |
(73,776) |
- |
- |
- |
(73,776) |
(11,577) |
|||||
Other gain or loss, net |
(16,000) |
- |
- |
- |
(16,000) |
(2,511) |
|||||
Income (loss) before income tax and share of income on |
2,803,553 |
(442,386) |
(59,219) |
(4,397,012) |
(2,095,064) |
(328,761) |
|||||
Income tax (expenses) benefits |
(844,987) |
22,431 |
- |
- |
(822,556) |
(129,077) |
|||||
Income (loss) before share of income on equity method |
1,958,566 |
(419,955) |
(59,219) |
(4,397,012) |
(2,917,620) |
(457,838) |
|||||
Share of loss on equity method investments |
(8,084) |
- |
- |
- |
(8,084) |
(1,269) |
|||||
Net income (loss) |
1,950,482 |
(419,955) |
(59,219) |
(4,397,012) |
(2,925,704) |
(459,107) |
|||||
(v) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||||
Year |
|||||||||||
Ended December 31, 2021 |
|||||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||||
Cost of revenues |
10,541 |
7,400 |
- |
17,941 |
2,815 |
||||||
Research and development |
97,828 |
41,743 |
- |
139,571 |
21,902 |
||||||
Sales and marketing |
48,154 |
22,667 |
- |
70,821 |
11,113 |
||||||
General and administrative |
314,216 |
-66,778 |
- |
247,438 |
38,828 |
||||||
Total cost and expenses |
470,739 |
5,032 |
- |
475,771 |
74,658 |
||||||
Hello Group Inc. |
|||||||||||
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report |
|||||||||||
(All amounts in thousands, except share and per share data) |
|||||||||||
Year |
|||||||||||
Ended December 31, 2021 |
|||||||||||
Momo |
Tantan |
QOOL |
Unallocated |
Total |
Total |
||||||
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
||||||
Income (loss) from operations |
2,510,301 |
(443,477) |
(59,379) |
(4,397,012) |
(2,389,567) |
(374,975) |
|||||
Share-based compensation |
470,739 |
5,032 |
- |
- |
475,771 |
74,658 |
|||||
Impairment loss on goodwill and intangible |
- |
- |
- |
4,397,012 |
4,397,012 |
689,987 |
|||||
Amortization of intangible assets from |
- |
104,004 |
- |
- |
104,004 |
16,320 |
|||||
Non-GAAP income (loss) from operations |
2,981,040 |
(334,441) |
(59,379) |
- |
2,587,220 |
405,990 |
|||||
Net income (loss) |
1,950,482 |
(419,955) |
(59,219) |
(4,397,012) |
(2,925,704) |
(459,107) |
|||||
Share-based compensation |
470,739 |
5,032 |
- |
- |
475,771 |
74,658 |
|||||
Impairment loss on goodwill and intangible |
- |
- |
- |
4,397,012 |
4,397,012 |
689,987 |
|||||
Amortization of intangible assets from |
- |
104,004 |
- |
- |
104,004 |
16,320 |
|||||
Tax impacts |
- |
(26,002) |
- |
- |
(26,002) |
(4,080) |
|||||
Non-GAAP net income (loss) |
2,421,221 |
(336,921) |
(59,219) |
- |
2,025,081 |
317,778 |
|||||
Hello Group Inc. |
|||||||||
Unaudited Condensed Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Year |
|||||||||
Ended December 31, 2020 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Net revenues: |
|||||||||
Live video service |
8,638,810 |
998,769 |
- |
9,637,579 |
1,477,024 |
||||
Value-added service |
3,742,637 |
1,369,545 |
- |
5,112,182 |
783,476 |
||||
Mobile marketing |
198,197 |
- |
- |
198,197 |
30,375 |
||||
Mobile games |
39,564 |
- |
- |
39,564 |
6,063 |
||||
Other services |
11,911 |
- |
24,755 |
36,666 |
5,620 |
||||
Total net revenues |
12,631,119 |
2,368,314 |
24,755 |
15,024,188 |
2,302,558 |
||||
Cost and expenses (vi): |
|||||||||
Cost of revenues |
(6,865,836) |
(1,088,816) |
(22,129) |
(7,976,781) |
(1,222,495) |
||||
Research and development |
(844,826) |
(322,851) |
(1,167,677) |
(178,954) |
|||||
Sales and marketing |
(1,454,123) |
(1,359,709) |
(90) |
(2,813,922) |
(431,252) |
||||
General and administrative |
(664,458) |
(73,019) |
(25,673) |
(763,150) |
(116,958) |
||||
Total cost and expenses |
(9,829,243) |
(2,844,395) |
(47,892) |
(12,721,530) |
(1,949,659) |
||||
Other operating income |
223,312 |
3,945 |
1,520 |
228,777 |
35,062 |
||||
Income (loss) from operations |
3,025,188 |
(472,136) |
(21,617) |
2,531,435 |
387,961 |
||||
Interest income |
440,878 |
3,353 |
240 |
444,471 |
68,118 |
||||
Interest expense |
(78,872) |
- |
- |
(78,872) |
(12,088) |
||||
Other gain or loss, net |
1,500 |
- |
- |
1,500 |
230 |
||||
Income (loss) before income tax and share of |
3,388,694 |
(468,783) |
(21,377) |
2,898,534 |
444,221 |
||||
Income tax (expenses) benefits |
(770,333) |
14,713 |
- |
(755,620) |
(115,804) |
||||
Income (loss) before share of income on equity |
2,618,361 |
(454,070) |
(21,377) |
2,142,914 |
328,417 |
||||
Share of loss on equity method investments |
(42,522) |
- |
- |
(42,522) |
(6,517) |
||||
Net income (loss) |
2,575,839 |
(454,070) |
(21,377) |
2,100,392 |
321,900 |
||||
(vi) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||
Year |
|||||||||
Ended December 31, 2020 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Cost of revenues |
15,189 |
3,260 |
- |
18,449 |
2,827 |
||||
Research and development |
127,714 |
48,156 |
- |
175,870 |
26,953 |
||||
Sales and marketing |
142,908 |
15,994 |
- |
158,902 |
24,353 |
||||
General and administrative |
292,356 |
22,882 |
10,227 |
325,465 |
49,880 |
||||
Total cost and expenses |
578,167 |
90,292 |
10,227 |
678,686 |
104,013 |
||||
Hello Group Inc. |
|||||||||
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Year |
|||||||||
Ended December 31, 2020 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Income (loss) from operations |
3,025,188 |
(472,136) |
(21,617) |
2,531,435 |
387,961 |
||||
Share-based compensation |
578,167 |
90,292 |
10,227 |
678,686 |
104,013 |
||||
Amortization of intangible assets from business |
- |
152,065 |
- |
152,065 |
23,305 |
||||
Non-GAAP income (loss) from operations |
3,603,355 |
(229,779) |
(11,390) |
3,362,186 |
515,279 |
||||
Net income (loss) |
2,575,839 |
(454,070) |
(21,377) |
2,100,392 |
321,900 |
||||
Share-based compensation |
578,167 |
90,292 |
10,227 |
678,686 |
104,013 |
||||
Amortization of intangible assets from business |
- |
152,065 |
- |
152,065 |
23,305 |
||||
Tax impacts |
- |
(38,016) |
- |
(38,016) |
(5,826) |
||||
Non-GAAP net income (loss) |
3,154,006 |
(249,729) |
(11,150) |
2,893,127 |
443,392 |
||||
SOURCE Hello Group Inc.
ПЕКИН, 24 марта 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 четвертый квартал и за весь год, закончившийся 31 декабря 2021 года.
Основные события четвертого квартала 2021 года
Основные моменты за весь 2021 год
* 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 RMB6.3726 to US$1.00, the effective noon buying rate for December 30, 2021 as set forth in the H.10 statistical release of the Federal Reserve Board. |
"2021 год был для нас напряженным годом. Несмотря на множество внешних вызовов, наша команда смогла методично выполнять наши стратегические приоритеты и добиться солидных результатов. Я уверен, что мы продолжим преодолевать предстоящие трудности и воспользуемся возможностями роста в будущем", - прокомментировал Ли Ван, генеральный директор Hello Group.
Финансовые результаты четвертого квартала 2021 года
Общая чистая выручка составила 3 674,2 млн юаней (576,6 млн долларов США) в четвертом квартале 2021 года, что на 3,2% меньше, чем 3 795,2 млн юаней в четвертом квартале 2020 года.
Доходы от услуг видеосервиса в прямом эфире составили 2 148,8 млн юаней (337,2 млн долларов США) в четвертом квартале 2021 года, что на 7,7% меньше, чем 2 327,9 млн юаней за аналогичный период 2020 года. Снижение было в первую очередь связано со снижением доходов от прямых трансляций Tantan из-за смены нашего стратегического фокуса. Доходы от использования приложения Momo в реальном времени выросли на 1% в годовом исчислении в четвертом квартале 2021 года.
Доходы от услуг с добавленной стоимостью в основном включают доходы от виртуальных подарков и доходы от подписки на членство. Общая выручка от услуг с добавленной стоимостью составила 1 475,7 млн юаней (231,6 млн долларов США) в четвертом квартале 2021 года, увеличившись на 5,3% по сравнению с 1 401,3 млн юаней за аналогичный период 2020 года. Увеличение по сравнению с предыдущим годом было в первую очередь обусловлено продолжающимся ростом бизнеса виртуальных подарков в приложении Momo, обусловленным внедрением инновационных функций и оперативных мероприятий в сфере аудио- и видеосоциальных развлечений, а также быстрым ростом доходов, получаемых от новых автономных приложений. Увеличение было частично компенсировано снижением доходов от услуг с добавленной стоимостью Tantan из-за нашей стратегии снижения уровня монетизации для улучшения пользовательского опыта и удержания пользователей.
Доходы от мобильного маркетинга составили 25,4 млн юаней (4,0 млн долларов США) в четвертом квартале 2021 года, что на 51,8% меньше, чем 52,7 млн юаней за аналогичный период 2020 года. Снижение доходов от мобильного маркетинга произошло из-за корректировки нашего продукта в соответствии с новыми требованиями регулирования.
Доходы от мобильных игр составили 19,3 млн юаней (3,0 млн долларов США) в четвертом квартале 2021 года, увеличившись на 163,1% по сравнению с 7,3 млн юаней в четвертом квартале 2020 года.
Чистая выручка от сегмента Momo увеличилась с 3 051,3 млн юаней в четвертом квартале 2020 года до 3 235,6 млн юаней (507,7 млн долларов США) в четвертом квартале 2021 года, в основном за счет увеличения чистой выручки от услуг с добавленной стоимостью. Чистая выручка от сегмента Tantan снизилась с 740,5 млн юаней в четвертом квартале 2020 года до 437,2 млн юаней (68,6 млн долларов США) в четвертом квартале 2021 года благодаря нашей стратегии снижения уровня монетизации с целью улучшения пользовательского опыта и удержания.
Стоимость и расходы
Затраты и расходы составили 7 729,4 млн юаней (1212,9 млн долларов США) в четвертом квартале 2021 года, увеличившись на 134,9% по сравнению с 3 290,0 млн юаней в четвертом квартале 2020 года. Увеличение было в основном связано с: (а) увеличением убытка от обесценения гудвила и нематериальных активов на сумму 4 397,0 млн юаней (690,0 млн долларов США); и (б) увеличением доли доходов с вещателями, связанными с основным видеосервисом Momo в прямом эфире, и получателями виртуальных подарков для наших виртуальных подарочная услуга. Это увеличение было частично компенсировано снижением доли доходов с вещательными компаниями, связанными с видеосервисом Tantan в прямом эфире, и снижением расходов, связанных с персоналом, включая расходы на компенсацию на основе акций, в результате сокращения численности сотрудников и снижения справедливой стоимости опционов на акции, предоставленных в течение периода.
Затраты и расходы, не связанные с GAAP (примечание 1), составили 3 205,8 млн юаней (503,1 млн долларов США) в четвертом квартале 2021 года, увеличившись на 3,6% по сравнению с 3 095,9 млн юаней за аналогичный период 2020 года.
Прочие операционные доходы
Прочий операционный доход составил 38,6 млн юаней (6,1 млн долларов США) в четвертом квартале 2021 года, что меньше, чем 88,4 млн юаней в четвертом квартале 2020 года. Прочие операционные доходы в основном состояли из государственных льгот.
Доход (убыток) от операций
Убыток от операций составил 4 016,6 млн юаней (630,3 млн долларов США) в четвертом квартале 2021 года по сравнению с доходом от операций в размере 593,6 млн юаней за аналогичный период 2020 года. Доход от операций сегмента Momo составил 549,3 млн юаней (86,2 млн долларов США) в четвертом квартале 2021 года, что снизилось с 650,9 млн юаней в четвертом квартале 2020 года. Убыток от операций сегмента Tantan составил 162,5 млн юаней (25,5 млн долларов США) в четвертом квартале 2021 года по сравнению с убытком от операций в размере 53,1 млн юаней в четвертом квартале 2020 года.
Доход от операций, не связанных с GAAP (примечание 1), составил 507,0 млн юаней (79,6 млн долларов США) в четвертом квартале 2021 года по сравнению с 787,7 млн юаней за аналогичный период 2020 года. Доход без учета GAAP от операций сегмента Momo составил 658,4 млн юаней (103,3 млн долларов США) в четвертом квартале 2021 года, что снизилось с 791,8 млн юаней в четвертом квартале 2020 года. Убыток без учета GAAP от операций сегмента Tantan составил 145,0 млн юаней (22,8 млн долларов США) в четвертом квартале 2021 года по сравнению с убытком без учета GAAP от операций в размере 2,3 млн юаней в четвертом квартале 2020 года.
Расходы по налогу на прибыль
Расходы по налогу на прибыль составили 296,5 млн юаней (46,5 млн долларов США) в четвертом квартале 2021 года по сравнению с 5,5 млн юаней в четвертом квартале 2020 года. Увеличение произошло в основном по следующим причинам: (а) в четвертом квартале 2021 года мы начислили удерживаемый подоходный налог в размере 207,4 миллиона юаней (32,5 миллиона долларов США) на нераспределенную прибыль, полученную в 2021 году нашим WFOE, поскольку мы планируем перечислять прибыль WFOE в ее оффшорную материнскую компанию в в обозримом будущем для финансирования спроса на доллары США в деловых операциях, выплате дивидендов, потенциальных инвестициях и т.д.; (b) в четвертом квартале 2020 года мы восстановили расходы по налогу на прибыль в размере 113,4 млн юаней в связи с корректировкой льготной налоговой ставки с 12,5% до 10,0% для WFOE, что обусловлено тем фактом, что заявка Ключевого программного предприятия на 2019 финансовый год была одобрена в 2020 году.
Чистая прибыль (убыток)
Чистый убыток составил 4 244,0 млн юаней (666,0 млн долларов США) в четвертом квартале 2021 года по сравнению с чистой прибылью в 651,1 млн юаней за аналогичный период 2020 года. Чистая прибыль от сегмента Momo составила 306,7 млн юаней (48,1 млн долларов США) в четвертом квартале 2021 года, что снизилось с 705,8 млн юаней в четвертом квартале 2020 года. Чистый убыток от сегмента Tantan составил 147,3 млн юаней (23,1 млн долларов США) в четвертом квартале 2021 года по сравнению с чистым убытком в размере 50,5 млн юаней в четвертом квартале 2020 года.
Чистая прибыль без учета GAAP (примечание 1) в четвертом квартале 2021 года составила 279,6 млн юаней (43,9 млн долларов США) по сравнению с 836,1 млн юаней за аналогичный период 2020 года. Чистая прибыль без учета GAAP в сегменте Momo составила 415,8 млн юаней (65,3 млн долларов США) в четвертом квартале 2021 года, что снизилось с 846,7 млн юаней в четвертом квартале 2020 года. Чистый убыток сегмента Tantan без учета GAAP составил 129,9 млн юаней (20,4 млн долларов США) в четвертом квартале 2021 года по сравнению с чистым убытком без учета GAAP в размере 8,8 млн юаней в четвертом квартале 2020 года.
Чистая прибыль (убыток), относящаяся к Hello Group Inc.
Чистый убыток, относящийся к Hello Group Inc., составил 4 242,7 млн юаней (665,8 млн долларов США) в четвертом квартале 2021 года по сравнению с чистой прибылью в 651,5 млн юаней за аналогичный период 2020 года.
Чистая прибыль без учета GAAP (примечание 1), относящаяся к Hello Group Inc., составила 280,9 млн юаней (44,1 млн долларов США) в четвертом квартале 2021 года по сравнению с 836,4 млн юаней за аналогичный период 2020 года.
Чистая прибыль (убыток) на РЕКЛАМУ
Разводненный чистый убыток на рекламу составил 21,50 юаня (3,37 доллара США) в четвертом квартале 2021 года по сравнению с разводненной чистой прибылью на РЕКЛАМУ в 2,98 юаня в четвертом квартале 2020 года.
Разводненная чистая прибыль без учета GAAP на рекламу (примечание 1) составила 1,38 юаня (0,22 доллара США) в четвертом квартале 2021 года по сравнению с 3,80 юаней в четвертом квартале 2020 года.
Денежные средства и движение денежных средств
По состоянию на 31 декабря 2021 года денежные средства Компании, их эквиваленты, краткосрочные депозиты, долгосрочные депозиты и долгосрочные ограниченные денежные средства составили 15 707,0 млн юаней (2 464,8 млн долларов США) по сравнению с 16 482,3 млн юаней по состоянию на 31 декабря 2020 года. Чистые денежные средства, полученные от операционной деятельности в четвертом квартале 2021 года, составили 665,5 млн юаней (104,4 млн долларов США) по сравнению с 1 039,1 млн юаней в четвертом квартале 2020 года.
Финансовые результаты за Весь 2021 Год
Чистая выручка за весь 2021 год составила 14 575,7 млн юаней (2 287,2 млн долларов США), что на 3,0% меньше, чем 15 024,2 млн юаней за аналогичный период 2020 года.
Чистый убыток, относящийся к Hello Group Inc., составил 2,913,7 млн юаней (457,2 млн долларов США) за весь 2021 год по сравнению с чистой прибылью в размере 2,103,5 млн юаней за аналогичный период 2020 года.
Чистая прибыль, не относящаяся к GAAP, относящаяся к Hello Group Inc. (примечание 1), составила 2 037,1 млн юаней (319,7 млн долларов США) за весь 2021 год по сравнению с 2 896,2 млн юаней за аналогичный период 2020 года.
Разводненный чистый убыток на РЕКЛАМУ составил 14,40 юаней (2,26 доллара США) за весь 2021 год по сравнению с разводненной чистой прибылью на РЕКЛАМУ в размере 9,65 юаней за аналогичный период 2020 года.
Разводненная чистая прибыль без учета GAAP на рекламу (примечание 1) составила 9,56 юаней (1,50 доллара США) за весь 2021 год по сравнению с 13,16 юаней за аналогичный период 2020 года.
Чистые денежные средства, полученные от операционной деятельности, составили 1 559,2 миллиона юаней (244,7 миллиона долларов США) в течение всего 2021 года по сравнению с 3 080,9 миллиона юаней за аналогичный период 2020 года.
Недавняя разработка
Объявление специального денежного дивиденда
Совет директоров Hello Group объявил о специальном денежном дивиденде в размере 0,64 доллара США на акцию, или 0,32 доллара США на одну обыкновенную акцию. Денежные дивиденды будут выплачены 29 апреля 2022 года акционерам record по окончании работы 13 апреля 2022 года. Дата выплаты дивидендов - 12 апреля 2022 года. Общая сумма подлежащих выплате дивидендов наличными составляет приблизительно 127 миллионов долларов США, которые будут профинансированы за счет излишков денежных средств на балансе Компании.
Сегодня компания объявила, что Джонатан Чжан, финансовый директор, уйдет в отставку с 30 июня 2022 года. Кэти Хуэй Пэн, старший вице-президент по корпоративным финансам, возьмет на себя роль финансового директора после ухода г-на Чжана на пенсию, а г-н Чжан останется в Компании в качестве старшего советника.
"Мое пребывание в Hello Group было таким приятным путешествием. Я считаю последние 8 лет работы в Компании самой захватывающей частью моей долгой карьеры. Для меня было абсолютной честью работать с командой и построить отличный бизнес". сказал Джонатан Чжан. "Я также рад передать эстафету Кэти. Будучи моим давним заместителем, она - подходящий человек, чтобы возглавить команду и продолжить ее успех".
"Джонатан внес огромный вклад в развитие Компании за последние 8 лет. Он играет незаменимую роль в преобразовании компании и руководит командой, чтобы обеспечить наш успех. От имени компании я хочу поблагодарить Джонатана за его лидерство и преданность делу и пожелать ему много счастья в его следующей главе". сказал Ли Ван, главный исполнительный директор компании. "В то же время мы рады, что Кэти перейдет на должность финансового директора. Ее глубокий опыт работы на рынке капитала, продемонстрированная финансовая хватка и лидерские качества сослужат ей хорошую службу в ее новой роли".
До этой расширенной должности г-жа Пэн занимала должность старшего вице-президента Компании по корпоративным финансам. В этой роли она отвечает за финансовое планирование и анализ компании, стратегические инвестиции и приобретения, а также за корпоративную стратегию и коммуникации с инвесторами. Г-жа Пэн присоединилась к Компании в 2015 году в качестве вице-президента по связям с инвесторами. С тех пор она сыграла ключевую роль в обеспечении успеха компании в различных сделках на рынке капитала. С 2007 по 2015 год г-жа Пэн работала в корпорации SINA директором по связям с инвесторами и корпоративным казначеем. До этого она работала в нескольких государственных и частных компаниях в сфере TMT, где занимала различные должности в области бухгалтерского учета, финансового планирования и анализа, слияний и поглощений и корпоративных коммуникаций. Г-жа Пэн начала свою карьеру в сфере аудита в Ernst &Young с 2001 г. Г-жа Пэн получила степень бакалавра экономики в Пекинском университете в 2001 г.
Перспективы бизнеса
В первом квартале 2022 года Компания ожидает, что общая чистая выручка составит от 3,1 млрд до 3,2 млрд юаней, что на 10,7% - 7,8% меньше, чем в прошлом году. Этот прогноз отражает текущие и предварительные взгляды Компании на рынок и условия эксплуатации, которые могут измениться.
Примечание 1: Показатели, не относящиеся к GAAP
Чтобы дополнить нашу консолидированную финансовую отчетность, представленную в соответствии с общепринятыми принципами бухгалтерского учета США ("GAAP"), мы, Hello Group, используем различные финансовые показатели, не относящиеся к GAAP, которые скорректированы с учетом наиболее сопоставимых результатов GAAP, чтобы исключить компенсацию на основе акций, убытки от обесценения гудвила и нематериальных активов, амортизацию нематериальных активы от приобретения бизнеса и налоговые последствия, связанные с амортизацией нематериальных активов от приобретения бизнеса.
Сверки наших финансовых показателей, не относящихся к GAAP, с нашими финансовыми показателями по ОПБУ США показаны в таблицах в конце этого отчета о доходах, 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 тенденции бизнеса в 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 замена или превосходящая результаты GAAP. Кроме того, наши расчеты финансовых показателей, не относящихся к GAAP, могут отличаться от расчетов, используемых другими компаниями, и поэтому сопоставимость может быть ограниченной.
Наша информация, не относящаяся к GAAP (включая затраты и операционные расходы, не относящиеся к GAAP, доход (убыток) от операций, чистую прибыль (убыток), чистую прибыль (убыток), относящуюся к Hello Group Inc., и разводненную чистую прибыль на ADS), скорректирована с учетом наиболее сопоставимых результатов GAAP, чтобы исключить прибыль на основе акций компенсация, убыток от обесценения гудвила и нематериальных активов, амортизация нематериальных активов в результате приобретения бизнеса и налоговые последствия, связанные с амортизацией нематериальных активов в результате приобретения бизнеса. Ограничением использования этих финансовых показателей, не относящихся к GAAP, является то, что компенсация на основе акций, убытки от обесценения гудвила и нематериальных активов, амортизация нематериальных активов от приобретения бизнеса и налоговые последствия, связанные с амортизацией нематериальных активов от приобретения бизнеса, были и будут оставаться в обозримом будущем значительными повторяющимися расходами в наших результатах деятельности. Мы компенсируем такое ограничение, предоставляя сверку наших показателей, не относящихся к GAAP, с нашими показателями по GAAP США. Пожалуйста, ознакомьтесь с таблицами сверки в конце этого отчета о доходах.
Конференц-связь
Руководство Hello Group проведет телефонную конференцию по доходам в четверг, 24 марта 2022 года, в 8:00 утра по восточному времени США (8:00 вечера по Пекину / Гонконгское время 24 марта 2022 года).
Все участники должны предварительно зарегистрироваться онлайн до звонка, 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/1244109
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 8:00 утра по восточному времени США, 1 апреля 2022 года. Ниже приведены сведения о наборе номера для воспроизведения:
Международный: +61-2- 9003- 4211U.S. Бесплатный звонок: +1-855- 4525- 696 Пароль: 1244109
Кроме того, прямая и архивированная веб-трансляция телефонной конференции будет доступна в разделе по связям с инвесторами веб-сайта Компании по адресу http://ir.immomo.com .
О компании Hello Group Inc.
Мы являемся ведущим игроком в китайском онлайн-социальном и развлекательном пространстве. Благодаря Momo, Tantan и другим свойствам 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 в зависимости от местоположения, интересов и различных развлекательных мероприятий 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 потребностей наших пользователей.
По вопросам инвесторов и СМИ, пожалуйста, обращайтесь:
Привет, Группа, Инк.
Телефон по связям с инвесторами: +86-10-5731-0538 Электронная почта: [email protected]
В Китае. Эрик Юань Телефон: +86-10-5900-1548 Электронная почта: [email protected]
Г-жа Линда Бергкампфон: +1-480-614-3004 Электронная почта: [email protected]
Заявление о безопасной гавани
Этот пресс-релиз содержит "прогнозные" заявления по смыслу Раздела 27A Закона о ценных бумагах 1933 года с внесенными в него поправками и Раздела 21E Закона об обмене ценными бумагами 1934 года с внесенными в него поправками и как определено в Законе о реформе судебных разбирательств по частным ценным бумагам 1995 года. Эти прогнозные заявления включают, но не ограничиваются нашими котировками руководства, нашими финансовыми прогнозами на первый квартал 2022 года, а также объемом, сроками, методами и источниками финансирования выкупа наших акций в рамках программы обратного выкупа акций.
Наши прогнозные заявления не являются историческими фактами, а вместо этого отражают только нашу веру в ожидаемые результаты и события, многие из которых по своей природе являются неопределенными 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 четвертый квартал 2021 года являются предварительными, неаудированными и подлежат корректировке в ходе аудита. Кроме того, мы можем не выполнить наши финансовые прогнозы на первый 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 деятельности и перспективы, пожалуйста, ознакомьтесь с нашими документами в Комиссию по ценным бумагам и биржам США.
Вся информация, представленная в настоящем пресс-релизе и в приложениях, соответствует дате публикации пресс-релиза. Мы не берем на себя никаких обязательств обновлять какие-либо прогнозные заявления, будь то в результате новой информации, будущих событий или иным образом, после даты этого выпуска, за исключением случаев, предусмотренных законом. Такая информация относится только к дате этого выпуска.
Hello Group Inc. |
|||||||||||
Unaudited Condensed Consolidated Statement of Operations |
|||||||||||
(All amounts in thousands, except share and per share data) |
|||||||||||
Three months |
Year |
||||||||||
Ended December 31 |
Ended December 31 |
||||||||||
2020 |
2021 |
2021 |
2020 |
2021 |
2021 |
||||||
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
||||||
Net revenues: |
|||||||||||
Live video service |
2,327,875 |
2,148,785 |
337,191 |
9,637,579 |
8,378,945 |
1,314,839 |
|||||
Value-added service |
1,401,269 |
1,475,733 |
231,575 |
5,112,182 |
5,971,792 |
937,104 |
|||||
Mobile marketing |
52,663 |
25,369 |
3,981 |
198,197 |
159,010 |
24,952 |
|||||
Mobile games |
7,334 |
19,294 |
3,028 |
39,564 |
47,712 |
7,487 |
|||||
Other services |
6,060 |
5,048 |
792 |
36,666 |
18,260 |
2,866 |
|||||
Total net revenues |
3,795,201 |
3,674,229 |
576,567 |
15,024,188 |
14,575,719 |
2,287,248 |
|||||
Cost and expenses: |
|||||||||||
Cost of revenues |
(2,042,781) |
(2,191,520) |
(343,897) |
(7,976,781) |
(8,383,431) |
(1,315,543) |
|||||
Research and development |
(327,295) |
(316,024) |
(49,591) |
(1,167,677) |
(1,131,781) |
(177,601) |
|||||
Sales and marketing |
(697,722) |
(659,604) |
(103,506) |
(2,813,922) |
(2,604,309) |
(408,673) |
|||||
General and administrative |
(222,191) |
(165,257) |
(25,932) |
(763,150) |
(624,700) |
(98,029) |
|||||
Impairment loss ongoodwill and intangible assets |
- |
(4,397,012) |
(689,987) |
- |
(4,397,012) |
(689,987) |
|||||
Total cost and expenses |
(3,289,989) |
(7,729,417) |
(1,212,913) |
(12,721,530) |
(17,141,233) |
(2,689,833) |
|||||
Other operating income |
88,385 |
38,558 |
6,051 |
228,777 |
175,947 |
27,610 |
|||||
Income (loss) from operations |
593,597 |
(4,016,630) |
(630,295) |
2,531,435 |
(2,389,567) |
(374,975) |
|||||
Interest income |
100,880 |
99,573 |
15,625 |
444,471 |
384,279 |
60,302 |
|||||
Interest expense |
(19,047) |
(18,444) |
(2,894) |
(78,872) |
(73,776) |
(11,577) |
|||||
Other gain or loss, net |
7,500 |
2,000 |
314 |
1,500 |
(16,000) |
(2,511) |
|||||
Income (loss) before income tax and share of income on |
682,930 |
(3,933,501) |
(617,250) |
2,898,534 |
(2,095,064) |
(328,761) |
|||||
Income tax expenses |
(5,481) |
(296,491) |
(46,526) |
(755,620) |
(822,556) |
(129,077) |
|||||
Income (loss) before share of income on equity method |
677,449 |
(4,229,992) |
(663,776) |
2,142,914 |
(2,917,620) |
(457,838) |
|||||
Share of loss on equity method investments |
(26,319) |
(14,045) |
(2,204) |
(42,522) |
(8,084) |
(1,269) |
|||||
Net income (loss) |
651,130 |
(4,244,037) |
(665,980) |
2,100,392 |
(2,925,704) |
(459,107) |
|||||
Less: net loss attributable to non-controlling interest |
(320) |
(1,319) |
(207) |
(3,092) |
(11,996) |
(1,882) |
|||||
Net income (loss) attributable to the shareholders of Hello |
651,450 |
(4,242,718) |
(665,773) |
2,103,484 |
(2,913,708) |
(457,225) |
|||||
Net income (loss) per share attributable to ordinary |
|||||||||||
Basic |
1.57 |
(10.75) |
(1.69) |
5.05 |
(7.20) |
(1.13) |
|||||
Diluted |
1.49 |
(10.75) |
(1.69) |
4.83 |
(7.20) |
(1.13) |
|||||
Weighted average shares used in calculating net income (loss) |
|||||||||||
Basic |
414,839,350 |
394,694,993 |
394,694,993 |
416,914,898 |
404,701,910 |
404,701,910 |
|||||
Diluted |
449,683,596 |
394,694,993 |
394,694,993 |
452,081,642 |
404,701,910 |
404,701,910 |
|||||
Hello Group Inc. |
|||||||||||
Unaudited Condensed Consolidated Statement of Comprehensive Income |
|||||||||||
(All amounts in thousands, except share and per share data) |
|||||||||||
Three months |
Year |
||||||||||
Ended December 31 |
Ended December 31 |
||||||||||
2020 |
2021 |
2021 |
2020 |
2021 |
2021 |
||||||
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
||||||
Net income (loss) |
651,130 |
(4,244,037) |
(665,980) |
2,100,392 |
(2,925,704) |
(459,107) |
|||||
Other comprehensive loss, net of tax: |
|||||||||||
Foreign currency translation adjustment |
(69,010) |
(7,331) |
(1,150) |
(141,677) |
(39,161) |
(6,145) |
|||||
Comprehensive income (loss) |
582,120 |
(4,251,368) |
(667,130) |
1,958,715 |
(2,964,865) |
(465,252) |
|||||
Less: comprehensive loss attributed to the non- |
(9,059) |
(3,280) |
(515) |
(26,004) |
(16,603) |
(2,605) |
|||||
Comprehensive income (loss) attributable to |
591,179 |
(4,248,088) |
(666,615) |
1,984,719 |
(2,948,262) |
(462,647) |
|||||
Hello Group Inc. |
|||||
Unaudited Condensed Consolidated Balance Sheets |
|||||
(All amounts in thousands, except share and per share data) |
|||||
December 31 |
December 31 |
December 31 |
|||
2020 |
2021 |
2021 |
|||
RMB |
RMB |
US$ |
|||
Assets |
|||||
Current assets |
|||||
Cash and cash equivalents |
3,363,942 |
5,570,563 |
874,143 |
||
Short-term deposits |
7,566,250 |
2,860,000 |
448,796 |
||
Restricted cash |
2,130 |
- |
- |
||
Accounts receivable, net of allowance for doubtful accounts of |
200,831 |
205,225 |
32,204 |
||
Prepaid expenses and other current assets |
613,696 |
775,072 |
121,626 |
||
Total current assets |
11,746,849 |
9,410,860 |
1,476,769 |
||
Long-term deposits |
5,550,000 |
7,200,000 |
1,129,837 |
||
Long-term restricted cash |
- |
76,471 |
12,000 |
||
Right-of-use assets, net |
278,175 |
257,934 |
40,475 |
||
Property and equipment, net |
265,765 |
180,664 |
28,350 |
||
Intangible assets, net |
687,211 |
27,320 |
4,287 |
||
Rental deposits |
21,794 |
19,204 |
3,014 |
||
Long-term investments |
454,996 |
820,006 |
128,677 |
||
Other non-current assets |
94,868 |
83,930 |
13,170 |
||
Deferred tax assets |
32,495 |
34,849 |
5,469 |
||
Goodwill |
4,088,403 |
- |
- |
||
Total assets |
23,220,556 |
18,111,238 |
2,842,048 |
||
Liabilities and equity |
|||||
Current liabilities |
|||||
Accounts payable |
699,394 |
726,207 |
113,957 |
||
Deferred revenue |
511,617 |
539,967 |
84,733 |
||
Accrued expenses and other current liabilities |
854,835 |
911,050 |
142,964 |
||
Amount due to related parties |
19,462 |
5,016 |
787 |
||
Lease liabilities due within one year |
132,793 |
162,950 |
25,570 |
||
Income tax payable |
236,490 |
125,773 |
19,737 |
||
Deferred consideration in connection with business acquisitions |
62,149 |
44,802 |
7,030 |
||
Total current liabilities |
2,516,740 |
2,515,765 |
394,778 |
||
Deferred tax liabilities |
171,803 |
213,384 |
33,485 |
||
Convertible senior notes |
4,658,966 |
4,565,292 |
716,394 |
||
Share-based compensation liability |
875,616 |
- |
- |
||
Lease liabilities |
136,436 |
103,105 |
16,179 |
||
Other non-current liabilities |
25,666 |
128,095 |
20,101 |
||
Total liabilities |
8,385,227 |
7,525,641 |
1,180,937 |
||
Shareholder's equity (i) |
14,835,329 |
10,585,597 |
1,661,111 |
||
Total liabilities and shareholder's equity |
23,220,556 |
18,111,238 |
2,842,048 |
||
(i): As of December 31, 2021, the number of ordinary shares outstanding was 395,200,884. |
|||||
Hello Group Inc. |
|||||||||||
Unaudited Condensed Consolidated Statement of Cash Flows |
|||||||||||
(All amounts in thousands, except share and per share data) |
|||||||||||
Three months |
Year |
||||||||||
Ended December 31 |
Ended December 31 |
||||||||||
2020 |
2021 |
2021 |
2020 |
2021 |
2021 |
||||||
RMB |
RMB |
US$ |
RMB |
RMB |
US$ |
||||||
Cash flows from operating activities: |
|||||||||||
Net income (loss) |
651,130 |
(4,244,037) |
(665,980) |
2,100,392 |
(2,925,704) |
(459,107) |
|||||
Adjustments to reconcile net income (loss) to net cash provided by |
|||||||||||
Depreciation of property and equipment |
55,375 |
34,226 |
5,371 |
208,990 |
155,537 |
24,407 |
|||||
Amortization of intangible assets |
37,741 |
1,279 |
201 |
157,258 |
109,062 |
17,114 |
|||||
Share-based compensation |
157,584 |
126,576 |
19,862 |
678,686 |
475,771 |
74,658 |
|||||
Share of loss on equity method investments |
26,319 |
14,045 |
2,204 |
42,522 |
8,084 |
1,269 |
|||||
Impairment loss on goodwill and intangible assets |
- |
4,397,012 |
689,987 |
- |
4,397,012 |
689,987 |
|||||
Gain or loss on long-term investments |
(7,500) |
(2,000) |
(314) |
(1,500) |
16,000 |
2,511 |
|||||
Gain on subsidiary deconsolidation |
- |
- |
- |
(6,676) |
- |
- |
|||||
Gain on disposal of subsidiaries |
- |
- |
- |
- |
(15,526) |
(2,436) |
|||||
Loss or gain on disposal of property and equipment |
3 |
(36) |
(6) |
(282) |
1,236 |
194 |
|||||
Provision of losses (income) on receivable and other assets |
19,663 |
(505) |
(79) |
46,075 |
(263) |
(41) |
|||||
Cash received on investment income distribution |
- |
- |
- |
1,153 |
- |
- |
|||||
Changes in operating assets and liabilities: |
|||||||||||
Accounts receivable |
34,533 |
13,984 |
2,194 |
52,247 |
(10,374) |
(1,628) |
|||||
Prepaid expenses and other current assets |
104,636 |
52,504 |
8,239 |
(59,117) |
(151,162) |
(23,721) |
|||||
Amount due from a related party |
- |
- |
- |
4,382 |
- |
- |
|||||
Rental deposits |
(4,372) |
1,171 |
184 |
(4,265) |
(343) |
(54) |
|||||
Deferred tax assets |
1,535 |
(338) |
(53) |
4,569 |
(2,354) |
(369) |
|||||
Other non-current assets |
(166,665) |
42,125 |
6,610 |
(138,484) |
34,075 |
5,347 |
|||||
Accounts payable |
66,948 |
11,053 |
1,734 |
(11,716) |
30,475 |
4,782 |
|||||
Income tax payable |
(95,341) |
(39,285) |
(6,165) |
82,514 |
(110,716) |
(17,374) |
|||||
Deferred revenue |
24,740 |
9,652 |
1,515 |
8,910 |
35,106 |
5,509 |
|||||
Accrued expenses and other current liabilities |
41,048 |
99,497 |
15,613 |
(120,363) |
60,668 |
9,520 |
|||||
Amount due to related parties |
(12,406) |
(9,751) |
(1,530) |
(10,144) |
(14,447) |
(2,267) |
|||||
Deferred tax liability |
(9,435) |
207,114 |
32,501 |
(39,315) |
180,173 |
28,273 |
|||||
Share-based compensation liability |
- |
- |
- |
- |
(678,153) |
(106,417) |
|||||
Other non-current liabilities |
113,553 |
(48,777) |
(7,654) |
85,053 |
(34,959) |
(5,486) |
|||||
Net cash provided by operating activities |
1,039,089 |
665,509 |
104,434 |
3,080,889 |
1,559,198 |
244,671 |
|||||
Cash flows from investing activities: |
|||||||||||
Purchase of property and equipment |
(16,095) |
(19,201) |
(3,013) |
(124,143) |
(95,323) |
(14,958) |
|||||
Payment for long-term investments |
(9,000) |
(115,052) |
(18,054) |
(13,500) |
(415,052) |
(65,131) |
|||||
Purchase of short-term deposits |
(3,654,500) |
(400,000) |
(62,769) |
(14,949,665) |
(4,976,688) |
(780,951) |
|||||
Cash received on maturity of short-term deposits |
3,954,500 |
3,550,000 |
557,072 |
19,577,159 |
9,667,570 |
1,517,053 |
|||||
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 |
880 |
|||||
Cash of disposed subsidiaries |
- |
- |
- |
- |
(8,750) |
(1,373) |
|||||
Cash received from sales of long term investment |
12,000 |
20,000 |
3,138 |
12,000 |
20,000 |
3,138 |
|||||
Purchase of long-term deposits |
(900,000) |
(1,600,000) |
(251,075) |
(5,250,000) |
(1,850,000) |
(290,305) |
|||||
Cash received on maturity of long term deposits |
- |
200,000 |
31,384 |
- |
200,000 |
31,384 |
|||||
Other investing activities |
2 |
569 |
89 |
(317) |
2,975 |
467 |
|||||
Net cash (used in) provided by investing activities |
(613,093) |
1,636,316 |
256,772 |
(748,466) |
2,550,342 |
400,204 |
|||||
Cash flows from financing activities: |
|||||||||||
Deferred payment for business acquisition |
- |
(50) |
(8) |
(18,355) |
(12,957) |
(2,033) |
|||||
Proceeds from exercise of share options |
171 |
5 |
1 |
226 |
776 |
122 |
|||||
Repurchase of ordinary shares |
(197,799) |
- |
- |
(330,206) |
(862,865) |
(135,402) |
|||||
Repurchase of subsidiary's share options |
(932) |
(5,070) |
(796) |
(25,832) |
(59,120) |
(9,277) |
|||||
Dividends payment |
- |
- |
- |
(1,123,983) |
(852,743) |
(133,814) |
|||||
Net cash used in financing activities |
(198,560) |
(5,115) |
(803) |
(1,498,150) |
(1,786,909) |
(280,404) |
|||||
Effect of exchange rate changes |
(37,770) |
(12,972) |
(2,035) |
(80,944) |
(41,669) |
(6,538) |
|||||
Net increase in cash and cash equivalents |
189,666 |
2,283,738 |
358,368 |
753,329 |
2,280,962 |
357,933 |
|||||
Cash, cash equivalents and restricted cash at the beginning of period |
3,176,406 |
3,363,296 |
527,775 |
2,612,743 |
3,366,072 |
528,210 |
|||||
Cash, cash equivalents and restricted cash at the end of period |
3,366,072 |
5,647,034 |
886,143 |
3,366,072 |
5,647,034 |
886,143 |
|||||
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 December 31, 2020 |
Ended December 31, 2021 |
Ended December 31, 2021 |
||||||||||||||
GAAP |
Amortization of |
Share-based |
Tax impacts |
Non-GAAP |
GAAP |
Impairment |
Share- |
Non-GAAP |
GAAP |
Impairment loss |
Share-based |
Non-GAAP |
||||
(ii) |
||||||||||||||||
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
US$ |
US$ |
US$ |
||||
Cost of revenues |
(2,042,781) |
17,694 |
4,242 |
- |
(2,020,845) |
(2,191,520) |
- |
3,393 |
(2,188,127) |
(343,897) |
- |
532 |
(343,365) |
|||
Research and development |
(327,295) |
2,247 |
38,515 |
- |
(286,533) |
(316,024) |
- |
36,303 |
(279,721) |
(49,591) |
- |
5,697 |
(43,894) |
|||
Sales and marketing |
(697,722) |
16,547 |
27,122 |
- |
(654,053) |
(659,604) |
- |
11,024 |
(648,580) |
(103,506) |
- |
1,730 |
(101,776) |
|||
General and administrative |
(222,191) |
- |
87,705 |
- |
(134,486) |
(165,257) |
- |
75,856 |
(89,401) |
(25,932) |
- |
11,903 |
(14,029) |
|||
Impairment loss on goodwill and intangible assets |
- |
- |
- |
- |
- |
(4,397,012) |
4,397,012 |
- |
- |
(689,987) |
689,987 |
- |
- |
|||
Cost and operating expenses |
(3,289,989) |
36,488 |
157,584 |
- |
(3,095,917) |
(7,729,417) |
4,397,012 |
126,576 |
(3,205,829) |
(1,212,913) |
689,987 |
19,862 |
(503,064) |
|||
Income (loss) from operations |
593,597 |
36,488 |
157,584 |
- |
787,669 |
(4,016,630) |
4,397,012 |
126,576 |
506,958 |
(630,295) |
689,987 |
19,862 |
79,554 |
|||
Net income (loss) attributable to Hello Group Inc. |
651,450 |
36,488 |
157,584 |
(9,122) |
836,400 |
(4,242,718) |
4,397,012 |
126,576 |
280,870 |
(665,773) |
689,987 |
19,862 |
44,076 |
|||
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. |
|||||||||||||||||||
Year |
Year |
Year |
||||||||||||||||||
Ended December 31, 2020 |
Ended December 31, 2021 |
Ended December 31, 2021 |
||||||||||||||||||
GAAP |
Amortization of |
Share-based |
Tax |
Non-GAAP |
GAAP |
Impairment |
Amortization of |
Share-based |
Tax |
Non-GAAP |
GAAP |
Impairment |
Amortization of |
Share-based |
Tax impacts |
Non-GAAP |
||||
(ii) |
(ii) |
(ii) |
||||||||||||||||||
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
US$ |
US$ |
US$ |
US$ |
US$ |
||||
Cost of revenues |
(7,976,781) |
73,740 |
18,449 |
- |
(7,884,592) |
(8,383,431) |
- |
51,853 |
17,941 |
- |
(8,313,637) |
(1,315,543) |
- |
8,137 |
2,815 |
- |
(1,304,591) |
|||
Research and development |
(1,167,677) |
9,365 |
175,870 |
- |
(982,442) |
(1,131,781) |
- |
3,660 |
139,571 |
- |
(988,550) |
(177,601) |
- |
574 |
21,902 |
- |
(155,125) |
|||
Sales and marketing |
(2,813,922) |
68,960 |
158,902 |
- |
(2,586,060) |
(2,604,309) |
- |
48,491 |
70,821 |
- |
(2,484,997) |
(408,673) |
- |
7,609 |
11,113 |
- |
(389,951) |
|||
General and administrative |
(763,150) |
- |
325,465 |
- |
(437,685) |
(624,700) |
- |
- |
247,438 |
- |
(377,262) |
(98,029) |
- |
- |
38,828 |
- |
(59,201) |
|||
Impairment loss on goodwill and intangible assets |
- |
- |
- |
- |
- |
(4,397,012) |
4,397,012 |
- |
- |
- |
- |
(689,987) |
689,987 |
- |
- |
- |
- |
|||
Cost and operating expenses |
(12,721,530) |
152,065 |
678,686 |
- |
(11,890,779) |
(17,141,233) |
4,397,012 |
104,004 |
475,771 |
- |
(12,164,446) |
(2,689,833) |
689,987 |
16,320 |
74,658 |
- |
(1,908,868) |
|||
Income (loss) from operations |
2,531,435 |
152,065 |
678,686 |
- |
3,362,186 |
(2,389,567) |
4,397,012 |
104,004 |
475,771 |
- |
2,587,220 |
(374,975) |
689,987 |
16,320 |
74,658 |
- |
405,990 |
|||
Net income (loss) attributable toHello Group Inc. |
2,103,484 |
152,065 |
678,686 |
(38,016) |
2,896,219 |
(2,913,708) |
4,397,012 |
104,004 |
475,771 |
(26,002) |
2,037,077 |
(457,225) |
689,987 |
16,320 |
74,658 |
(4,080) |
319,660 |
|||
(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 December 31, 2021 |
|||||||||||
Momo |
Tantan |
QOOL |
Unallocated[1] |
Total |
Total |
||||||
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
||||||
Net revenues: |
- |
||||||||||
Live video service |
1,947,958 |
200,827 |
- |
- |
2,148,785 |
337,191 |
|||||
Value-added service |
1,239,351 |
236,382 |
- |
- |
1,475,733 |
231,575 |
|||||
Mobile marketing |
25,369 |
- |
- |
- |
25,369 |
3,981 |
|||||
Mobile games |
19,294 |
- |
- |
- |
19,294 |
3,028 |
|||||
Other services |
3,667 |
- |
1,381 |
- |
5,048 |
792 |
|||||
Total net revenues |
3,235,639 |
437,209 |
1,381 |
- |
3,674,229 |
576,567 |
|||||
Cost and expenses (iii): |
|||||||||||
Cost of revenues |
(1,962,718) |
(228,290) |
(512) |
- |
(2,191,520) |
(343,897) |
|||||
Research and development |
(233,512) |
(82,512) |
- |
- |
(316,024) |
(49,591) |
|||||
Sales and marketing |
(377,672) |
(281,534) |
(398) |
- |
(659,604) |
(103,506) |
|||||
General and administrative |
(147,957) |
(10,362) |
(6,938) |
- |
(165,257) |
(25,932) |
|||||
Impairment loss on goodwill and intangible assets |
- |
- |
- |
(4,397,012) |
(4,397,012) |
(689,987) |
|||||
Total cost and expenses |
(2,721,859) |
(602,698) |
(7,848) |
(4,397,012) |
(7,729,417) |
(1,212,913) |
|||||
Other operating income |
35,532 |
3,023 |
3 |
- |
38,558 |
6,051 |
|||||
Income (loss) from operations |
549,312 |
(162,466) |
(6,464) |
(4,397,012) |
(4,016,630) |
(630,295) |
|||||
Interest income |
99,399 |
139 |
35 |
- |
99,573 |
15,625 |
|||||
Interest expense |
(18,444) |
- |
- |
- |
(18,444) |
(2,894) |
|||||
Other gain or loss, net |
2,000 |
- |
- |
- |
2,000 |
314 |
|||||
Income (loss) before income tax and share of income on |
632,267 |
(162,327) |
(6,429) |
(4,397,012) |
(3,933,501) |
(617,250) |
|||||
Income tax (expenses) benefits |
(311,479) |
14,988 |
- |
- |
(296,491) |
(46,526) |
|||||
Income (loss) before share of income on equity method |
320,788 |
(147,339) |
(6,429) |
(4,397,012) |
(4,229,992) |
(663,776) |
|||||
Share of loss on equity method investments |
(14,045) |
- |
- |
- |
(14,045) |
(2,204) |
|||||
Net income (loss) |
306,743 |
(147,339) |
(6,429) |
(4,397,012) |
(4,244,037) |
(665,980) |
|||||
(iii) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||||
Three months |
|||||||||||
Ended December 31, 2021 |
|||||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||||
Cost of revenues |
2,729 |
664 |
- |
3,393 |
532 |
||||||
Research and development |
19,569 |
16,734 |
- |
36,303 |
5,697 |
||||||
Sales and marketing |
10,997 |
27 |
- |
11,024 |
1,730 |
||||||
General and administrative |
75,808 |
48 |
- |
75,856 |
11,903 |
||||||
Total cost and expenses |
109,103 |
17,473 |
- |
126,576 |
19,862 |
||||||
[1] The impairment loss on goodwill and intangible assets is presented as an unallocated item in the segment information because our management does not consider this as part of the segment operating performance measure. |
|||||||||||
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 December 31, 2021 |
|||||||||||
Momo |
Tantan |
QOOL |
Unallocated |
Total |
Total |
||||||
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
||||||
Income (loss) from operations |
549,312 |
(162,466) |
(6,464) |
(4,397,012) |
(4,016,630) |
(630,295) |
|||||
Share-based compensation |
109,103 |
17,473 |
- |
- |
126,576 |
19,862 |
|||||
Impairment loss on goodwill and intangible assets |
- |
- |
- |
4,397,012 |
4,397,012 |
689,987 |
|||||
Non-GAAP income (loss) from operations |
658,415 |
(144,993) |
(6,464) |
- |
506,958 |
79,554 |
|||||
Net income (loss) |
306,743 |
(147,339) |
(6,429) |
(4,397,012) |
(4,244,037) |
(665,980) |
|||||
Share-based compensation |
109,103 |
17,473 |
- |
- |
126,576 |
19,862 |
|||||
Impairment loss on goodwill and intangible assets |
- |
- |
- |
4,397,012 |
4,397,012 |
689,987 |
|||||
Non-GAAP net income (loss) |
415,846 |
(129,866) |
(6,429) |
- |
279,551 |
43,869 |
|||||
Hello Group Inc. |
|||||||||
Unaudited Condensed Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Three months |
|||||||||
Ended December 31, 2020 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$[2] |
|||||
Net revenues: |
|||||||||
Live video service |
1,923,544 |
404,331 |
- |
2,327,875 |
356,762 |
||||
Value-added service |
1,065,062 |
336,207 |
- |
1,401,269 |
214,754 |
||||
Mobile marketing |
52,663 |
- |
- |
52,663 |
8,071 |
||||
Mobile games |
7,334 |
- |
- |
7,334 |
1,124 |
||||
Other services |
2,743 |
- |
3,317 |
6,060 |
929 |
||||
Total net revenues |
3,051,346 |
740,538 |
3,317 |
3,795,201 |
581,640 |
||||
Cost and expenses (iv): |
|||||||||
Cost of revenues |
(1,676,071) |
(365,350) |
(1,360) |
(2,042,781) |
(313,070) |
||||
Research and development |
(243,555) |
(83,740) |
- |
(327,295) |
(50,160) |
||||
Sales and marketing |
(361,115) |
(336,558) |
(49) |
(697,722) |
(106,931) |
||||
General and administrative |
(202,831) |
(11,891) |
(7,469) |
(222,191) |
(34,052) |
||||
Total cost and expenses |
(2,483,572) |
(797,539) |
(8,878) |
(3,289,989) |
(504,213) |
||||
Other operating income |
83,110 |
3,945 |
1,330 |
88,385 |
13,546 |
||||
Income (loss) from operations |
650,884 |
(53,056) |
(4,231) |
593,597 |
90,973 |
||||
Interest income |
100,347 |
486 |
47 |
100,880 |
15,461 |
||||
Interest expense |
(19,047) |
- |
- |
(19,047) |
(2,919) |
||||
Other gain or loss, net |
7,500 |
- |
- |
7,500 |
1,149 |
||||
Income (loss) before income tax and share of income on equity |
739,684 |
(52,570) |
(4,184) |
682,930 |
104,664 |
||||
Income tax (expenses) benefits |
(7,565) |
2,084 |
- |
(5,481) |
(840) |
||||
Income (loss) before share of income on equity method |
732,119 |
(50,486) |
(4,184) |
677,449 |
103,824 |
||||
Share of loss on equity method investments |
(26,319) |
- |
- |
(26,319) |
(4,034) |
||||
Net income (loss) |
705,800 |
(50,486) |
(4,184) |
651,130 |
99,790 |
||||
(iv) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||
Three months |
|||||||||
Ended December 31, 2020 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Cost of revenues |
2,844 |
1,398 |
- |
4,242 |
650 |
||||
Research and development |
31,946 |
6,569 |
- |
38,515 |
5,903 |
||||
Sales and marketing |
21,452 |
5,670 |
- |
27,122 |
4,157 |
||||
General and administrative |
84,706 |
644 |
2,355 |
87,705 |
13,441 |
||||
Total cost and expenses |
140,948 |
14,281 |
2,355 |
157,584 |
24,151 |
||||
[2] All translations from RMB to U.S. dollars are made at a rate of RMB6.525 to US$1.00, the effective noon buying rate for December 31, 2020 as set forth in the H.10 statistical release of the Federal Reserve Board. |
|||||||||
Hello Group Inc. |
|||||||||
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Three months |
|||||||||
Ended December 31, 2020 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Income (loss) from operations |
650,884 |
(53,056) |
(4,231) |
593,597 |
90,973 |
||||
Share-based compensation |
140,948 |
14,281 |
2,355 |
157,584 |
24,151 |
||||
Amortization of intangible assets from |
- |
36,488 |
- |
36,488 |
5,592 |
||||
Non-GAAP income (loss) from operations |
791,832 |
(2,287) |
(1,876) |
787,669 |
120,716 |
||||
Net income (loss) |
705,800 |
(50,486) |
(4,184) |
651,130 |
99,790 |
||||
Share-based compensation |
140,948 |
14,281 |
2,355 |
157,584 |
24,151 |
||||
Amortization of intangible assets from |
- |
36,488 |
- |
36,488 |
5,592 |
||||
Tax impacts |
- |
(9,122) |
- |
(9,122) |
(1,398) |
||||
Non-GAAP net income (loss) |
846,748 |
(8,839) |
(1,829) |
836,080 |
128,135 |
||||
Hello Group Inc. |
|||||||||||
Unaudited Condensed Segment Report |
|||||||||||
(All amounts in thousands, except share and per share data) |
|||||||||||
Year |
|||||||||||
Ended December 31, 2021 |
|||||||||||
Momo |
Tantan |
QOOL |
Unallocated |
Total |
Total |
||||||
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
||||||
Net revenues: |
- |
||||||||||
Live video service |
7,475,809 |
903,136 |
- |
- |
8,378,945 |
1,314,839 |
|||||
Value-added service |
4,845,744 |
1,126,048 |
- |
- |
5,971,792 |
937,104 |
|||||
Mobile marketing |
159,010 |
- |
- |
- |
159,010 |
24,952 |
|||||
Mobile games |
47,712 |
- |
- |
- |
47,712 |
7,487 |
|||||
Other services |
12,930 |
- |
5,330 |
- |
18,260 |
2,866 |
|||||
Total net revenues |
12,541,205 |
2,029,184 |
5,330 |
- |
14,575,719 |
2,287,248 |
|||||
Cost and expenses (v): |
|||||||||||
Cost of revenues |
(7,301,048) |
(1,044,852) |
(37,531) |
- |
(8,383,431) |
(1,315,543) |
|||||
Research and development |
(828,688) |
(303,093) |
- |
- |
(1,131,781) |
(177,601) |
|||||
Sales and marketing |
(1,420,130) |
(1,180,146) |
(4,033) |
- |
(2,604,309) |
(408,673) |
|||||
General and administrative |
(619,922) |
18,401 |
(23,179) |
- |
(624,700) |
(98,029) |
|||||
Impairment loss on goodwill and intangible assets |
- |
- |
- |
(4,397,012) |
(4,397,012) |
(689,987) |
|||||
Total cost and expenses |
(10,169,788) |
(2,509,690) |
(64,743) |
(4,397,012) |
(17,141,233) |
(2,689,833) |
|||||
Other operating income |
138,884 |
37,029 |
34 |
- |
175,947 |
27,610 |
|||||
Income (loss) from operations |
2,510,301 |
(443,477) |
(59,379) |
(4,397,012) |
(2,389,567) |
(374,975) |
|||||
Interest income |
383,028 |
1,091 |
160 |
- |
384,279 |
60,302 |
|||||
Interest expense |
(73,776) |
- |
- |
- |
(73,776) |
(11,577) |
|||||
Other gain or loss, net |
(16,000) |
- |
- |
- |
(16,000) |
(2,511) |
|||||
Income (loss) before income tax and share of income on |
2,803,553 |
(442,386) |
(59,219) |
(4,397,012) |
(2,095,064) |
(328,761) |
|||||
Income tax (expenses) benefits |
(844,987) |
22,431 |
- |
- |
(822,556) |
(129,077) |
|||||
Income (loss) before share of income on equity method |
1,958,566 |
(419,955) |
(59,219) |
(4,397,012) |
(2,917,620) |
(457,838) |
|||||
Share of loss on equity method investments |
(8,084) |
- |
- |
- |
(8,084) |
(1,269) |
|||||
Net income (loss) |
1,950,482 |
(419,955) |
(59,219) |
(4,397,012) |
(2,925,704) |
(459,107) |
|||||
(v) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||||
Year |
|||||||||||
Ended December 31, 2021 |
|||||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||||
Cost of revenues |
10,541 |
7,400 |
- |
17,941 |
2,815 |
||||||
Research and development |
97,828 |
41,743 |
- |
139,571 |
21,902 |
||||||
Sales and marketing |
48,154 |
22,667 |
- |
70,821 |
11,113 |
||||||
General and administrative |
314,216 |
-66,778 |
- |
247,438 |
38,828 |
||||||
Total cost and expenses |
470,739 |
5,032 |
- |
475,771 |
74,658 |
||||||
Hello Group Inc. |
|||||||||||
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report |
|||||||||||
(All amounts in thousands, except share and per share data) |
|||||||||||
Year |
|||||||||||
Ended December 31, 2021 |
|||||||||||
Momo |
Tantan |
QOOL |
Unallocated |
Total |
Total |
||||||
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
||||||
Income (loss) from operations |
2,510,301 |
(443,477) |
(59,379) |
(4,397,012) |
(2,389,567) |
(374,975) |
|||||
Share-based compensation |
470,739 |
5,032 |
- |
- |
475,771 |
74,658 |
|||||
Impairment loss on goodwill and intangible |
- |
- |
- |
4,397,012 |
4,397,012 |
689,987 |
|||||
Amortization of intangible assets from |
- |
104,004 |
- |
- |
104,004 |
16,320 |
|||||
Non-GAAP income (loss) from operations |
2,981,040 |
(334,441) |
(59,379) |
- |
2,587,220 |
405,990 |
|||||
Net income (loss) |
1,950,482 |
(419,955) |
(59,219) |
(4,397,012) |
(2,925,704) |
(459,107) |
|||||
Share-based compensation |
470,739 |
5,032 |
- |
- |
475,771 |
74,658 |
|||||
Impairment loss on goodwill and intangible |
- |
- |
- |
4,397,012 |
4,397,012 |
689,987 |
|||||
Amortization of intangible assets from |
- |
104,004 |
- |
- |
104,004 |
16,320 |
|||||
Tax impacts |
- |
(26,002) |
- |
- |
(26,002) |
(4,080) |
|||||
Non-GAAP net income (loss) |
2,421,221 |
(336,921) |
(59,219) |
- |
2,025,081 |
317,778 |
|||||
Hello Group Inc. |
|||||||||
Unaudited Condensed Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Year |
|||||||||
Ended December 31, 2020 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Net revenues: |
|||||||||
Live video service |
8,638,810 |
998,769 |
- |
9,637,579 |
1,477,024 |
||||
Value-added service |
3,742,637 |
1,369,545 |
- |
5,112,182 |
783,476 |
||||
Mobile marketing |
198,197 |
- |
- |
198,197 |
30,375 |
||||
Mobile games |
39,564 |
- |
- |
39,564 |
6,063 |
||||
Other services |
11,911 |
- |
24,755 |
36,666 |
5,620 |
||||
Total net revenues |
12,631,119 |
2,368,314 |
24,755 |
15,024,188 |
2,302,558 |
||||
Cost and expenses (vi): |
|||||||||
Cost of revenues |
(6,865,836) |
(1,088,816) |
(22,129) |
(7,976,781) |
(1,222,495) |
||||
Research and development |
(844,826) |
(322,851) |
(1,167,677) |
(178,954) |
|||||
Sales and marketing |
(1,454,123) |
(1,359,709) |
(90) |
(2,813,922) |
(431,252) |
||||
General and administrative |
(664,458) |
(73,019) |
(25,673) |
(763,150) |
(116,958) |
||||
Total cost and expenses |
(9,829,243) |
(2,844,395) |
(47,892) |
(12,721,530) |
(1,949,659) |
||||
Other operating income |
223,312 |
3,945 |
1,520 |
228,777 |
35,062 |
||||
Income (loss) from operations |
3,025,188 |
(472,136) |
(21,617) |
2,531,435 |
387,961 |
||||
Interest income |
440,878 |
3,353 |
240 |
444,471 |
68,118 |
||||
Interest expense |
(78,872) |
- |
- |
(78,872) |
(12,088) |
||||
Other gain or loss, net |
1,500 |
- |
- |
1,500 |
230 |
||||
Income (loss) before income tax and share of |
3,388,694 |
(468,783) |
(21,377) |
2,898,534 |
444,221 |
||||
Income tax (expenses) benefits |
(770,333) |
14,713 |
- |
(755,620) |
(115,804) |
||||
Income (loss) before share of income on equity |
2,618,361 |
(454,070) |
(21,377) |
2,142,914 |
328,417 |
||||
Share of loss on equity method investments |
(42,522) |
- |
- |
(42,522) |
(6,517) |
||||
Net income (loss) |
2,575,839 |
(454,070) |
(21,377) |
2,100,392 |
321,900 |
||||
(vi) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
|||||||||
Year |
|||||||||
Ended December 31, 2020 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Cost of revenues |
15,189 |
3,260 |
- |
18,449 |
2,827 |
||||
Research and development |
127,714 |
48,156 |
- |
175,870 |
26,953 |
||||
Sales and marketing |
142,908 |
15,994 |
- |
158,902 |
24,353 |
||||
General and administrative |
292,356 |
22,882 |
10,227 |
325,465 |
49,880 |
||||
Total cost and expenses |
578,167 |
90,292 |
10,227 |
678,686 |
104,013 |
||||
Hello Group Inc. |
|||||||||
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Year |
|||||||||
Ended December 31, 2020 |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Income (loss) from operations |
3,025,188 |
(472,136) |
(21,617) |
2,531,435 |
387,961 |
||||
Share-based compensation |
578,167 |
90,292 |
10,227 |
678,686 |
104,013 |
||||
Amortization of intangible assets from business |
- |
152,065 |
- |
152,065 |
23,305 |
||||
Non-GAAP income (loss) from operations |
3,603,355 |
(229,779) |
(11,390) |
3,362,186 |
515,279 |
||||
Net income (loss) |
2,575,839 |
(454,070) |
(21,377) |
2,100,392 |
321,900 |
||||
Share-based compensation |
578,167 |
90,292 |
10,227 |
678,686 |
104,013 |
||||
Amortization of intangible assets from business |
- |
152,065 |
- |
152,065 |
23,305 |
||||
Tax impacts |
- |
(38,016) |
- |
(38,016) |
(5,826) |
||||
Non-GAAP net income (loss) |
3,154,006 |
(249,729) |
(11,150) |
2,893,127 |
443,392 |
||||
ИСТОЧНИК Hello Group Inc.
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