Hello Group reports Q2 2026 profit despite revenue decline

Hello Group Inc. reported its unaudited financial results for the second quarter of 2026, showing a shift toward profitability despite a slight decline in overall revenue. Net revenues decreased by 5.1% year over year to RMB2,486.0 million (approximately US$366.4 million). However, net income attributable to shareholders rose to RMB237.4 million, a significant turnaround from a net loss of RMB140.2 million in the same period of 2025.

The company experienced a 52% year-over-year increase in overseas net revenues, reaching RMB672.7 million. This growth helped offset domestic challenges. Domestic revenue fell 17% year over year to RMB1.81 billion, which leadership attributed to tax scrutiny affecting agencies and broadcasters, as well as reduced spending by high-net-worth livestreaming users due to macroeconomic pressures.

User metrics showed mixed results: the Momo app saw total paying users increase to 3.9 million from 3.5 million a year prior, while Tantan's paying users decreased to 0.5 million from 0.7 million in the same period last year.