Hello Group Reports Q2 2026 Earnings with Mixed Domestic and International Performance
Hello Group (MOMO) reported mixed results for the second quarter of 2026, showing a decline in domestic revenue but strong growth internationally. Total revenue fell to RMB 2.49 billion due to tax compliance adjustments and weak consumer sentiment at home. However, overseas revenue surged by 52% year-over-year to RMB 672.7 million, driven largely by expansion into the MENA region. Non-GAAP net income improved significantly from a loss of RMB 96 million in Q2 2025 to profit of RMB 273.9 million this quarter due to the absence of one-time tax accruals last year. The company also repurchased shares and increased its headcount, particularly in research and development. Looking ahead, Hello Group expects continued domestic revenue declines but anticipates high-thirties growth for overseas operations. Management cited regulatory scrutiny, macroeconomic volatility, and geopolitical issues as key risks to future performance.
Topics: international growth non-GAAP net income revenue user metrics