SHERIDAN, WYOMING – December 10, 2025 – A softer quarter on paper, stronger growth abroad in practice: Hello Group Inc., the company behind social apps like Momo and Tantan, has reported its unaudited financial results for the third quarter of 2025 – and the story behind the numbers says a lot about how online dating and social networking in Asia are evolving.
Slight Revenue Dip, Big Shift in Where the Money Comes From
Net revenues in Q3 2025 slipped just 0.9% year over year to RMB2,650.1 million (US$372.3 million), but that headline doesn’t tell the whole story. Inside the mix, overseas revenues jumped an impressive 69.0% to RMB534.8 million (US$75.1 million), showing how much Hello Group is leaning into global markets beyond mainland China.
Net income attributable to Hello Group Inc. came in at RMB348.9 million (US$49.0 million), down from RMB449.4 million a year earlier, with non-GAAP net income at RMB404.5 million (US$56.8 million). For everyday users and small investors, that means the company is still solidly profitable, just spending and adjusting more as it chases new audiences in the MENA region and other overseas markets.
Momo, Tantan and the New Reality of Paying Users
Hello Group’s business lives and dies with paying users – the people who buy virtual gifts, subscriptions and other extras inside its apps. For the Momo app, total paying users were 3.7 million in Q3 2025, down from 6.9 million a year ago but slightly up from 3.5 million last quarter. Tantan had 0.7 million paying users, compared to 0.9 million last year and flat versus the previous quarter.
Value-added service revenues – things like virtual gifts in audio, video and text scenarios plus memberships – totaled RMB2,611.4 million (US$366.8 million), a 1.2% decline year over year. The company points to external factors affecting broadcasters and agencies on Momo and weaker consumer sentiment, as well as a smaller Tantan user base. That fall was “largely offset” by stronger revenue from overseas apps, especially newer audio- and video-driven brands in the Middle East and North Africa.
What the CEO Says About the Quarter – and the Future
In the middle of all the charts and ratios, Hello Group’s CEO Yan Tang keeps the message surprisingly grounded in product and user experience:
“Q3 was a busy quarter. I am pleased to see that our team responded swiftly to external challenges and delivered good results in both user and financial metrics."
He also stresses how important Momo still is to the whole ecosystem. “ As one of the earliest mobile social platforms in China, Momo has maintained strong brand relevance and user stickiness over the years. Continuous product innovation and algorithm enhancements have driven steady improvement in key user metrics, laying a solid foundation for the sustained performance of our cash cow business. On the overseas front, revenue continued to grow robustly, driven by the rapid expansion of multiple social entertainment and dating brands in our portfolio. We expect the overseas business to become an increasingly important contributor to the Group's future revenue growth."
For users, that translates into a simple reality: expect Momo to keep evolving, while more niche social and dating apps – like Hertz, Soulchill and Duidui – continue to appear and grow outside China.
Mini FAQ: What This Means for Everyday Users and Fans of the Apps
What is Hello Group actually making money from?
Mostly from value-added services such as virtual gifts and membership subscriptions across Momo, Tantan and a growing family of social entertainment and dating apps.
Is the company still financially healthy?
Yes. Q3 2025 net income attributable to Hello Group Inc. was RMB348.9 million (US$49.0 million), with non-GAAP net income at RMB404.5 million (US$56.8 million), and the company held RMB8,861.9 million (US$1,244.8 million) in cash, deposits, investments and restricted cash as of September 30, 2025.
Why is overseas growth such a big theme?
Net revenues from the Chinese mainland fell, while net revenues from overseas rose sharply to RMB534.8 million (US$75.1 million), driven by audio- and video-based products in the MENA region and other emerging brands. That makes international expansion a key engine for future growth.
What’s happening with Tantan?
Hello Group has stopped reporting Tantan’s MAUs and now focuses on paying users (0.7 million in Q3 2025). The company says this metric better reflects its strategy to prioritize return on investment in user acquisition and overall performance.
Share Buybacks, Cash Flow and What’s Next
For investors who like to read the fine print, Hello Group has been actively buying back its own ADSs. As of December 10, 2025, the company had repurchased 54.7 million ADSs on the open market for US$341.6 million under its multi-year Share Repurchase Program, at an average price of US$6.23, with US$144.5 million still available.
Looking ahead, Hello Group expects Q4 2025 net revenues between RMB2.52 billion and RMB2.62 billion, which would be a slight year-on-year decline of 4.4% to 0.6%, reflecting cautious consumer behavior and ongoing adjustments across its portfolio. For users and fans of Asia’s big social apps, though, the key takeaway is this: the business is shifting, but the company clearly plans to stay a major force in online social networking – both at home and far beyond China.
Learn more about Hello Group and its social networking apps at https://www.hellogroup.com.