Q1 2026 Hello Group Inc Earnings Call Transcript
Key Points
- Overseas revenue increased by 44% year-over-year, accounting for 25% of total revenue compared to 16% last year.
- Adjusted operating income rose by 1% year-over-year with a margin of 14.6%.
- AI-driven innovations have improved user engagement and retention, particularly among female users.
- New overseas products are showing rapid growth, with some nearing profitability.
- The company is actively working on AI product innovations, which are expected to enhance user experience and drive long-term growth.
- Total group revenue decreased by 5% year-over-year, with domestic revenue down 15%.
- The company faced regulatory challenges in Turkey and geopolitical tensions in the Middle East, impacting overseas revenue.
- New tax regulations and stricter enforcement have negatively affected domestic revenue, particularly for Momo's entertainment business.
- Alipay's policy changes have led to a temporary decline in Tantan's membership renewals.
- The company expects a mid-teens percentage decline in domestic revenue for the full year due to regulatory and macroeconomic pressures.
Ladies and gentlemen, thank you for standing by and welcome to Hello Group's first quarter 2026 earnings conference call. (Operator Instructions) Please note this conference is being recorded today. I would now like to hand the conference over to your first speaker today, Ms. Ashley Jing. Thank you. Please go ahead, ma'am.
Thank you, operator. Good morning and good evening, everyone. Thank you for joining us today for Hello Group's third quarter 2026 earnings conference call. The company's results were released earlier today and are available on the company's IR website. On the call today are Mr. Tang Yan, CEO of the company; Ms. Zhang Sichuan, COO of the company; and Ms. Peng Hui, CFO of the company, who will discuss the company's business operations and highlights as well as the financials and guidance. They will all be available to answer your questions during the Q&A session that follows.
Before we begin, I would like to remind you that this call may contain forward-looking statements made under
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