Net income
(loss) 540,008 23,000 (20,843) 542,165 74,310
=========== ========= ======== =========== =========
(iii) Share-based compensation was
allocated in cost of revenues and
operating expenses as follows:
Three months
Ended September 30, 2023
--------------------------------------------------------
Momo Tantan QOOL Total Total
RMB RMB RMB RMB US$
----------- --------- -------- ----------- ---------
Cost of
revenues 1,207 4 - 1,211 166
Research and
development 11,401 3,592 - 14,993 2,055
Sales and
marketing 5,854 - - 5,854 802
General and
administrative 37,406 8 - 37,414 5,128
----------- --------- -------- ----------- ---------
Total cost and
expenses 55,868 3,604 - 59,472 8,151
([1]) All translations from RMB to U.S. dollars are made at a rate of
RMB7.2960 to US$1.00, the effective noon buying rate for September 29,
2023 as set forth in the H.10 statistical release of the Federal Reserve
Board.
Hello Group Inc.
Reconciliation of GAAP and NON-GAAP Results of
Unaudited Segment Report
(All amounts in thousands, except share and per share
data)
Three months
Ended September 30, 2023
-------------------------------------------------------
Momo Tantan QOOL Total Total
RMB RMB RMB RMB US$
--------- ---------- --------- --------- ----------
Income (loss)
from
operations 618,639 23,978 (20,860) 621,757 85,219
Share-based
compensation 55,868 3,604 - 59,472 8,151
Non-GAAP
income
(loss) from
operations 674,507 27,582 (20,860) 681,229 93,370
Net income
(loss) 540,008 23,000 (20,843) 542,165 74,310
Share-based
compensation 55,868 3,604 - 59,472 8,151
Non-GAAP net
income
(loss) 595,876 26,604 (20,843) 601,637 82,461
Hello Group Inc.
Unaudited Condensed Segment Report
(All amounts in thousands, except share and per share data)
First nine months
Ended September 30, 2024
-------------------------------------------------------
Momo Tantan QOOL Total Total
RMB RMB RMB RMB US$
----------- --------- ------- ----------- ---------
Net revenues:
Live video
service 3,590,747 237,256 - 3,828,003 545,486
Value-added
service 3,573,860 422,102 - 3,995,962 569,420
Mobile
marketing 71,397 27,923 - 99,320 14,153
Mobile games 432 - - 432 62
Other services 1,915 - 843 2,758 393
----------- --------- ------- ----------- ---------
Total net
revenues 7,238,351 687,281 843 7,926,475 1,129,514
Cost and
expenses (iv):
Cost of
revenues (4,408,264) (314,217) (39) (4,722,520) (672,954)
Research and
development (462,202) (119,539) - (581,741) (82,897)
Sales and
marketing (836,410) (171,988) (4,683) (1,013,081) (144,363)
General and
administrative (339,578) (23,744) (715) (364,037) (51,875)
----------- --------- ------- ----------- ---------
Total cost and
expenses (6,046,454) (629,488) (5,437) (6,681,379) (952,089)
Other operating
income 49,037 1,925 26 50,988 7,266
----------- --------- ------- ----------- ---------
Income (loss)
from
operations 1,240,934 59,718 (4,568) 1,296,084 184,691
Interest income 386,340 573 6 386,919 55,136
Interest
expense (91,000) - - (91,000) (12,967)
Other gain or
loss, net (43,870) - - (43,870) (6,251)
Income (loss)
before income
tax and share
of income on
equity method
investments 1,492,404 60,291 (4,562) 1,548,133 220,609
Income tax
expenses (753,721) (1,804) - (755,525) (107,661)
----------- --------- ------- ----------- ---------
Income (loss)
before share
of income on
equity method
investments 738,683 58,487 (4,562) 792,608 112,948
Share of income
on equity
method
investments 59,730 - - 59,730 8,511
----------- --------- ------- ----------- ---------
Net income
(loss) 798,413 58,487 (4,562) 852,338 121,459
=========== ========= ======= =========== =========
(iv) Share-based
compensation was allocated
in cost of revenues and
operating expenses as
follows:
First nine months
Ended September 30, 2024
-------------------------------------------------------
Momo Tantan QOOL Total Total
RMB RMB RMB RMB US$
----------- --------- ------- ----------- ---------
Cost of
revenues 5,817 4 - 5,821 829
Research and
development 28,496 4,832 - 33,328 4,749
Sales and
marketing 15,040 - - 15,040 2,143
General and
administrative 95,874 16 - 95,890 13,664
----------- --------- ------- ----------- ---------
Total cost and
expenses 145,227 4,852 - 150,079 21,385
Hello Group Inc.
Reconciliation of GAAP and NON-GAAP Results of
Unaudited Segment Report
(All amounts in thousands, except share and per share
data)
First nine months
Ended September 30, 2024
-------------------------------------------------------
Momo Tantan QOOL Total Total
RMB RMB RMB RMB US$
--------- ---------- --------- --------- ----------
Income (loss)
from
operations 1,240,934 59,718 (4,568) 1,296,084 184,691
Share-based
compensation 145,227 4,852 - 150,079 21,385
Non-GAAP
income
(loss) from
operations 1,386,161 64,570 (4,568) 1,446,163 206,076
Net income
(loss) 798,413 58,487 (4,562) 852,338 121,459
Share-based
compensation 145,227 4,852 - 150,079 21,385
Non-GAAP net
income
(loss) 943,640 63,339 (4,562) 1,002,417 142,844
Hello Group Inc.
Unaudited Condensed Segment Report
(All amounts in thousands, except share and per share data)
First nine months
Ended September 30, 2023
----------------------------------------------------------
Momo Tantan QOOL Total Total
RMB RMB RMB RMB US$
----------- --------- -------- ----------- -----------
Net revenues:
Live video
service 4,144,164 404,822 - 4,548,986 623,490
Value-added
service 3,821,183 506,495 - 4,327,678 593,158
Mobile
marketing 75,730 13,032 - 88,762 12,166
Mobile games 14,169 - - 14,169 1,942
Other services 14,577 - 5,219 19,796 2,713
----------- --------- -------- ----------- -----------
Total net
revenues 8,069,823 924,349 5,219 8,999,391 1,233,469
Cost and
expenses (v):
Cost of
revenues (4,765,127) (469,111) (21,039) (5,255,277) (720,296)
Research and
development (483,997) (169,148) - (653,145) (89,521)
Sales and
marketing (894,462) (210,208) (5,583) (1,110,253) (152,173)
General and
administrative (349,614) (19,600) (7,767) (376,981) (51,670)
----------- --------- -------- ----------- -----------
Total cost and
expenses (6,493,200) (868,067) (34,389) (7,395,656) (1,013,660)
Other operating
income 95,876 3,110 298 99,284 13,608
----------- --------- -------- ----------- -----------
Income (loss)
from
operations 1,672,499 59,392 (28,872) 1,703,019 233,417
Interest income 311,157 656 86 311,899 42,749
Interest
expense (41,671) - - (41,671) (5,711)
Other gain or
loss, net 4,565 - - 4,565 626
(MORE TO FOLLOW) Dow Jones Newswires
December 09, 2024 03:16 ET (08:16 GMT)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.