Hello Group Inc. Announces Unaudited Financial Results for the First Quarter of 2023
First Quarter of 2023 Highlights
- Net revenues decreased by 10.5% year over year to
RMB2,818.9 million (US$410.5 million *) in the first quarter of 2023. - Net income attributable to
Hello Group Inc. increased toRMB390.3 million (US$56.8 million ) in the first quarter of 2023, fromRMB289.9 million in the same period of 2022. - Non-GAAP net income attributable to
Hello Group Inc. (note 1) increased toRMB471.9 million (US$68.7 million ) in the first quarter of 2023, fromRMB398.5 million in the same period of 2022. - Diluted net income per American Depositary Share ("ADS") was
RMB1.96 (US$0.29 ) in the first quarter of 2023, compared toRMB1.42 in the same period of 2022. - Non-GAAP diluted net income per ADS (note 1) was
RMB2.36 (US$0.34 ) in the first quarter of 2023, compared toRMB1.94 in the same period of 2022. - Monthly Active Users ("MAU") on Momo application were 106.5 million in
March 2023 , compared to 110.9 million inMarch 2022 . MAU on Tantan application were 19.5 million inMarch 2023 , compared to 25.6 million inMarch 2022 . - For the Momo app total paying users was 7.8 million for the first quarter of 2023, compared to 8.6 million for the same period last year. Tantan had 1.6 million paying users for the first quarter of 2023 compared to 2.4 million from the year ago period.
"We delivered solid results in the first quarter, laying a good foundation for our business development in the post-pandemic era." Commented
First Quarter of 2023 Financial Results
Net revenues
Total net revenues were
Live video service revenues were
Value-added service revenues mainly include virtual gift revenues and membership subscription revenues. Total value-added service revenues were
Mobile marketing revenues were
Mobile games revenues were
Net revenues from the Momo segment decreased from
Cost and expenses
Cost and expenses were
Non-GAAP cost and expenses (note 1) were
Income from operations
Income from operations was
Non-GAAP income from operations (note 1) was
Income tax expenses
Income tax expenses were
Net income
Net income was
Non-GAAP net income (note 1) was
Net income attributable to
Net income attributable to
Non-GAAP net income (note 1) attributable to
Net income per ADS
Diluted net income per ADS was
Non-GAAP diluted net income per ADS (note 1) was
Cash and cash flow
As of
Net cash provided by operating activities in the first quarter of 2023 was
Payment of a special cash dividend
In
Execution of share repurchase program
On
Business Outlook
For the second quarter of 2023, the Company expects total net revenues to be between
Note 1: Non-GAAP measures
To supplement our consolidated financial statements presented in accordance with
Reconciliations of our non-GAAP financial measures to our
Our non-GAAP financial information is provided as additional information to help investors compare business trends among different reporting periods on a consistent basis and to enhance investors' overall understanding of the historical and current financial performance of our continuing operations and our prospects for the future. Our non-GAAP financial information should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to the GAAP results. In addition, our calculation of the non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited.
Our non-GAAP information (including non-GAAP cost and operating expenses, income (loss) from operations, net income (loss), net income attributable to
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About
We are a leading player in
For investor and media inquiries, please contact:
Investor Relations
Phone: +86-10-5731-0538
Email: ir@hellogroup.com
Christensen
In
Mr.
Phone: +86-10-5900-1548
E-mail: eric.yuan@christensencomms.com
In
Ms.
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com
Safe Harbor Statement
This news release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include but are not limited to our management quotes, our financial outlook for the second quarter of 2023, as well as the amount of, timing, methods and funding sources for repurchases of our shares under the share repurchase program.
Our forward-looking statements are not historical facts but instead represent only our belief regarding expected results and events, many of which, by their nature, are inherently uncertain and outside of our control. Our actual results and other circumstances may differ, possibly materially, from the anticipated results and events indicated in these forward-looking statements. Announced results for the first quarter of 2023 are preliminary, unaudited and subject to audit adjustment. In addition, we may not meet our financial outlook for the second quarter of 2023 and may be unable to grow our business in the manner planned. We may also modify our strategy for growth. Moreover, there are other risks and uncertainties that could cause our actual results to differ from what we currently anticipate, including those relating to our ability to retain and grow our user base, our ability to attract and retain sufficiently trained professionals to support our operations, our ability to anticipate and develop new services and enhance existing services to meet the demand of our users or customers, the impact of the COVID-19 pandemic on the Company's business operations and the economy in
All information provided in this press release and in the attachments is as of the date of the press release. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, after the date of this release, except as required by law. Such information speaks only as of the date of this release.
* This press release contains translations of certain Renminbi amounts into |
|
|||||
Unaudited Condensed Consolidated Statement of Operations |
|||||
(All amounts in thousands, except share and per share data) |
|||||
Three months |
|||||
Ended |
|||||
2022 |
2023 |
2023 |
|||
RMB |
RMB |
US$ |
|||
Net revenues: |
|||||
Live video service |
1,608,723 |
1,429,340 |
208,128 |
||
Value-added service |
1,483,431 |
1,361,469 |
198,246 |
||
Mobile marketing |
27,873 |
21,071 |
3,068 |
||
Mobile games |
25,497 |
3,699 |
539 |
||
Other services |
2,554 |
3,279 |
477 |
||
Total net revenues |
3,148,078 |
2,818,858 |
410,458 |
||
Cost and expenses: |
|||||
Cost of revenues |
(1,821,388) |
(1,664,188) |
(242,325) |
||
Research and development |
(250,195) |
(236,803) |
(34,481) |
||
Sales and marketing |
(588,577) |
(379,786) |
(55,301) |
||
General and administrative |
(159,835) |
(138,298) |
(20,138) |
||
Total cost and expenses |
(2,819,995) |
(2,419,075) |
(352,245) |
||
Other operating income (loss), net |
23,931 |
36,394 |
5,299 |
||
Income from operations |
352,014 |
436,177 |
63,512 |
||
Interest income |
97,857 |
99,787 |
14,530 |
||
Interest expense |
(19,334) |
(10,415) |
(1,517) |
||
Other gain or loss, net |
11,619 |
- |
- |
||
Income before income tax and share of income on equity method |
442,156 |
525,549 |
76,525 |
||
Income tax expenses |
(150,774) |
(122,613) |
(17,854) |
||
Income before share of income on equity method investments |
291,382 |
402,936 |
58,671 |
||
Share of loss income on equity method investments |
(2,600) |
(13,475) |
(1,962) |
||
Net income |
288,782 |
389,461 |
56,709 |
||
Less: net loss attributable to non-controlling interest |
(1,103) |
(828) |
(121) |
||
Net income attributable to the shareholders of |
289,885 |
390,289 |
56,830 |
||
Net income per share attributable to ordinary shareholders |
|||||
Basic |
0.73 |
1.04 |
0.15 |
||
Diluted |
0.71 |
0.98 |
0.14 |
||
Weighted average shares used in calculating net income per ordinary share |
|||||
Basic |
395,240,339 |
377,017,080 |
377,017,080 |
||
Diluted |
407,034,988 |
409,102,277 |
409,102,277 |
|
|||||||
Unaudited Condensed Consolidated Statement of Comprehensive Income |
|||||||
(All amounts in thousands, except share and per share data) |
|||||||
Three months |
|||||||
Ended |
|||||||
2022 |
2023 |
2023 |
|||||
RMB |
RMB |
US$ |
|||||
Net income |
288,782 |
389,461 |
56,709 |
||||
Other comprehensive income, net of tax: |
|||||||
Foreign currency translation adjustment |
11,050 |
2,181 |
318 |
||||
Comprehensive income |
299,832 |
391,642 |
57,027 |
||||
Less: comprehensive loss attributed to the non-controlling |
(2,036) |
(1,670) |
(243) |
||||
Comprehensive income attributable to |
301,868 |
393,312 |
57,270 |
|
|||||
Unaudited Condensed Consolidated Balance Sheets |
|||||
(All amounts in thousands, except share and per share data) |
|||||
|
|
|
|||
2022 |
2023 |
2023 |
|||
RMB |
RMB |
US$ |
|||
Assets |
|||||
Current assets |
|||||
Cash and cash equivalents |
5,018,129 |
5,369,904 |
781,919 |
||
Short-term deposits |
5,300,000 |
5,199,364 |
757,086 |
||
Restricted cash |
97,706 |
97,537 |
14,202 |
||
Short-term investments |
300,240 |
302,970 |
44,116 |
||
Accounts receivable, net of allowance for doubtful accounts of |
188,711 |
182,925 |
26,636 |
||
Amounts due from related parties |
55 |
- |
- |
||
Prepaid expenses and other current assets |
819,706 |
1,269,201 |
184,810 |
||
Total current assets |
11,724,547 |
12,421,901 |
1,808,769 |
||
Long-term deposits |
2,600,000 |
2,300,000 |
334,906 |
||
Long-term restricted cash |
82,766 |
82,411 |
12,000 |
||
Right-of-use assets, net |
115,520 |
103,461 |
15,065 |
||
Property and equipment, net |
172,984 |
151,414 |
22,048 |
||
Intangible assets, net |
22,203 |
20,923 |
3,047 |
||
Rental deposits |
20,737 |
20,737 |
3,020 |
||
Long-term investments |
893,988 |
879,914 |
128,125 |
||
Other non-current assets |
162,499 |
182,042 |
26,507 |
||
Deferred tax assets |
34,343 |
33,902 |
4,937 |
||
Total assets |
15,829,587 |
16,196,705 |
2,358,424 |
||
Liabilities and equity |
|||||
Current liabilities |
|||||
Accounts payable |
617,022 |
628,075 |
91,456 |
||
Deferred revenue |
484,775 |
475,893 |
69,295 |
||
Accrued expenses and other current liabilities |
797,504 |
698,250 |
101,673 |
||
Amounts due to related parties |
9,178 |
12,347 |
1,798 |
||
Lease liabilities due within one year |
88,352 |
59,650 |
8,686 |
||
Income tax payable |
68,765 |
62,372 |
9,082 |
||
Dividends payable |
- |
937,805 |
136,554 |
||
Deferred consideration in connection with business |
26,483 |
26,369 |
3,840 |
||
Convertible senior notes-current |
2,646,168 |
2,636,964 |
383,972 |
||
Total current liabilities |
4,738,247 |
5,537,725 |
806,356 |
||
Deferred tax liabilities |
22,011 |
56,185 |
8,181 |
||
Lease liabilities |
33,281 |
38,486 |
5,604 |
||
Other non-current liabilities |
105,410 |
106,322 |
15,482 |
||
Total liabilities |
4,898,949 |
5,738,718 |
835,623 |
||
Shareholder's equity (i) |
10,930,638 |
10,457,987 |
1,522,801 |
||
Total liabilities and shareholder's equity |
15,829,587 |
16,196,705 |
2,358,424 |
||
(i): As of |
|
|||||
Unaudited Condensed Consolidated Statement of Cash Flows |
|||||
(All amounts in thousands, except share and per share data) |
|||||
Three months |
|||||
Ended |
|||||
2022 |
2023 |
2023 |
|||
RMB |
RMB |
US$ |
|||
Cash flows from operating activities: |
|||||
Net income |
288,782 |
389,461 |
56,709 |
||
Adjustments to reconcile net income to net cash provided by |
|||||
Depreciation of property and equipment |
27,979 |
22,844 |
3,326 |
||
Amortization of intangible assets |
1,279 |
1,279 |
186 |
||
Share-based compensation |
108,616 |
81,657 |
11,891 |
||
Share of loss on equity method investments |
2,600 |
13,475 |
1,962 |
||
Gain on repurchase of convertible senior notes |
(11,619) |
- |
- |
||
Gain or loss on disposal of property and equipment |
(40) |
67 |
10 |
||
Provision of losses on receivable and other assets |
2 |
9,182 |
1,337 |
||
Changes in operating assets and liabilities: |
|||||
Accounts receivable |
2,649 |
(548) |
(80) |
||
Prepaid expenses and other current assets |
(43,978) |
24,352 |
3,546 |
||
Amounts due from related parties |
- |
55 |
8 |
||
Rental deposits |
(2,453) |
- |
- |
||
Deferred tax assets |
(1,576) |
440 |
64 |
||
Other non-current assets |
41,615 |
(7,485) |
(1,090) |
||
Accounts payable |
(88,958) |
20,379 |
2,967 |
||
Income tax payable |
(4,574) |
(6,393) |
(931) |
||
Deferred revenue |
(42,614) |
(8,811) |
(1,283) |
||
Accrued expenses and other current liabilities |
(132,218) |
(132,733) |
(19,327) |
||
Amount due to related parties |
(157) |
3,169 |
461 |
||
Deferred tax liabilities |
(95,385) |
34,120 |
4,968 |
||
Other non-current liabilities |
(6,640) |
6,564 |
956 |
||
Net cash provided by operating activities |
43,310 |
451,074 |
65,680 |
||
Cash flows from investing activities: |
|||||
Purchase of property and equipment |
(21,647) |
(10,234) |
(1,490) |
||
Purchase of short-term deposits |
- |
(497,342) |
(72,419) |
||
Cash received on maturity of short-term deposits |
910,000 |
900,000 |
131,050 |
||
Cash received on investment income distribution |
3,523 |
- |
- |
||
Purchase of long-term deposits |
(1,150,000) |
- |
- |
||
Other investing activities |
4 |
738 |
107 |
||
Net cash (used in) provided by investing activities |
(258,120) |
393,162 |
57,248 |
||
Cash flows from financing activities: |
|||||
Deferred payment for business acquisition |
(5,563) |
- |
- |
||
Proceeds from exercise of share options |
31 |
3 |
- |
||
Payment in relation to the share repurchase program |
- |
(3,237) |
(471) |
||
Repurchase of subsidiary's share options |
(4,427) |
(1,539) |
(224) |
||
Payment for redemption of convertible bonds |
(110,007) |
- |
- |
||
Prepayment in relation to redemption of convertible bonds |
- |
(478,786) |
(69,717) |
||
Net cash used in financing activities |
(119,966) |
(483,559) |
(70,412) |
||
Effect of exchange rate changes |
(15,611) |
(9,426) |
(1,370) |
||
Net (decrease) increase in cash and cash equivalents |
(350,387) |
351,251 |
51,146 |
||
Cash, cash equivalents and restricted cash at the beginning of period |
5,647,034 |
5,198,601 |
756,975 |
||
Cash, cash equivalents and restricted cash at the end of period |
5,296,647 |
5,549,852 |
808,121 |
|
|||||||||||
Reconciliation of Non-GAAP financial measures to comparable GAAP measures |
|||||||||||
(All amounts in thousands, except per share data) |
|||||||||||
1. |
Reconciliation of Non-GAAP cost and operating expenses, income from operations, and net income to comparable GAAP measures. |
||||||||||
Three months |
Three months |
Three months |
|||||||||
Ended |
Ended |
Ended |
|||||||||
GAAP |
Share-based |
Non-GAAP |
GAAP |
Share-based |
Non-GAAP |
GAAP |
Share-based |
Non-GAAP |
|||
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
US$ |
US$ |
US$ |
|||
Cost of revenues |
(1,821,388) |
3,078 |
(1,818,310) |
(1,664,188) |
1,635 |
(1,662,553) |
(242,325) |
238 |
(242,087) |
||
Research and development |
(250,195) |
20,974 |
(229,221) |
(236,803) |
22,372 |
(214,431) |
(34,481) |
3,258 |
(31,223) |
||
Sales and marketing |
(588,577) |
10,605 |
(577,972) |
(379,786) |
7,746 |
(372,040) |
(55,301) |
1,128 |
(54,173) |
||
General and administrative |
(159,835) |
73,959 |
(85,876) |
(138,298) |
49,904 |
(88,394) |
(20,138) |
7,267 |
(12,871) |
||
Cost and operating expenses |
(2,819,995) |
108,616 |
(2,711,379) |
(2,419,075) |
81,657 |
(2,337,418) |
(352,245) |
11,891 |
(340,354) |
||
Income from operations |
352,014 |
108,616 |
460,630 |
436,177 |
81,657 |
517,834 |
63,512 |
11,891 |
75,403 |
||
Net income attributable to |
289,885 |
108,616 |
398,501 |
390,289 |
81,657 |
471,946 |
56,830 |
11,891 |
68,721 |
|
||||||||||
Unaudited Condensed Segment Report |
||||||||||
(All amounts in thousands, except share and per share data) |
||||||||||
Three months |
||||||||||
Ended |
||||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
||||||
RMB |
RMB |
RMB |
RMB |
US$ |
||||||
Net revenues: |
||||||||||
Live video service |
1,289,718 |
139,622 |
- |
1,429,340 |
208,128 |
|||||
Value-added service |
1,193,544 |
167,925 |
- |
1,361,469 |
198,246 |
|||||
Mobile marketing |
20,021 |
1,050 |
- |
21,071 |
3,068 |
|||||
Mobile games |
3,699 |
- |
- |
3,699 |
539 |
|||||
Other services |
3,137 |
- |
142 |
3,279 |
477 |
|||||
Total net revenues |
2,510,119 |
308,597 |
142 |
2,818,858 |
410,458 |
|||||
Cost and expenses (ii): |
||||||||||
Cost of revenues |
(1,500,531) |
(163,114) |
(543) |
(1,664,188) |
(242,325) |
|||||
Research and development |
(169,308) |
(67,495) |
- |
(236,803) |
(34,481) |
|||||
Sales and marketing |
(312,640) |
(65,852) |
(1,294) |
(379,786) |
(55,301) |
|||||
General and administrative |
(128,078) |
(7,746) |
(2,474) |
(138,298) |
(20,138) |
|||||
Total cost and expenses |
(2,110,557) |
(304,207) |
(4,311) |
(2,419,075) |
(352,245) |
|||||
Other operating income, net |
35,478 |
854 |
62 |
36,394 |
5,299 |
|||||
Income (loss) from operations |
435,040 |
5,244 |
(4,107) |
436,177 |
63,512 |
|||||
Interest income |
99,531 |
204 |
52 |
99,787 |
14,530 |
|||||
Interest expense |
(10,415) |
- |
- |
(10,415) |
(1,517) |
|||||
Income (loss) before income tax and share of income on equity method |
524,156 |
5,448 |
(4,055) |
525,549 |
76,525 |
|||||
Income tax expenses |
(121,642) |
(971) |
- |
(122,613) |
(17,854) |
|||||
Income (loss) before share of income on equity method investments |
402,514 |
4,477 |
(4,055) |
402,936 |
58,671 |
|||||
Share of loss on equity method investments |
(13,475) |
- |
- |
(13,475) |
(1,962) |
|||||
Net income (loss) |
389,039 |
4,477 |
(4,055) |
389,461 |
56,709 |
|||||
(ii) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
||||||||||
Three months |
||||||||||
Ended |
||||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
||||||
RMB |
RMB |
RMB |
RMB |
US$ |
||||||
Cost of revenues |
1,618 |
17 |
- |
1,635 |
238 |
|||||
Research and development |
13,170 |
9,202 |
- |
22,372 |
3,258 |
|||||
Sales and marketing |
7,741 |
5 |
- |
7,746 |
1,128 |
|||||
General and administrative |
49,896 |
8 |
- |
49,904 |
7,267 |
|||||
Total cost and expenses |
72,425 |
9,232 |
- |
81,657 |
11,891 |
|
|||||||||
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Three months |
|||||||||
Ended |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Income (loss) from operations |
435,040 |
5,244 |
(4,107) |
436,177 |
63,512 |
||||
Share-based compensation |
72,425 |
9,232 |
- |
81,657 |
11,891 |
||||
Non-GAAP income (loss) from |
507,465 |
14,476 |
(4,107) |
517,834 |
75,403 |
||||
Net income (loss) |
389,039 |
4,477 |
(4,055) |
389,461 |
56,709 |
||||
Share-based compensation |
72,425 |
9,232 |
- |
81,657 |
11,891 |
||||
Non-GAAP net income (loss) |
461,464 |
13,709 |
(4,055) |
471,118 |
68,600 |
|
||||||||||||
Unaudited Condensed Segment Report |
||||||||||||
(All amounts in thousands, except share and per share data) |
||||||||||||
Three months |
||||||||||||
Ended |
||||||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
||||||||
RMB |
RMB |
RMB |
RMB |
US$[1] |
||||||||
Net revenues: |
||||||||||||
Live video service |
1,483,523 |
125,200 |
- |
1,608,723 |
253,770 |
|||||||
Value-added service |
1,259,592 |
223,839 |
- |
1,483,431 |
234,006 |
|||||||
Mobile marketing |
27,873 |
- |
- |
27,873 |
4,397 |
|||||||
Mobile games |
25,497 |
- |
- |
25,497 |
4,022 |
|||||||
Other services |
2,390 |
- |
164 |
2,554 |
402 |
|||||||
Total net revenues |
2,798,875 |
349,039 |
164 |
3,148,078 |
496,597 |
|||||||
Cost and expenses (iii): |
||||||||||||
Cost of revenues |
(1,644,827) |
(176,215) |
(346) |
(1,821,388) |
(287,317) |
|||||||
Research and development |
(188,299) |
(61,896) |
- |
(250,195) |
(39,467) |
|||||||
Sales and marketing |
(317,680) |
(270,147) |
(750) |
(588,577) |
(92,846) |
|||||||
General and administrative |
(147,196) |
(8,076) |
(4,563) |
(159,835) |
(25,213) |
|||||||
Total cost and expenses |
(2,298,002) |
(516,334) |
(5,659) |
(2,819,995) |
(444,843) |
|||||||
Other operating income |
18,346 |
5,544 |
41 |
23,931 |
3,775 |
|||||||
Income (loss) from operations |
519,219 |
(161,751) |
(5,454) |
352,014 |
55,529 |
|||||||
Interest income |
97,743 |
52 |
62 |
97,857 |
15,437 |
|||||||
Interest expense |
(19,334) |
- |
- |
(19,334) |
(3,050) |
|||||||
Other gain or loss, net |
11,619 |
- |
- |
11,619 |
1,833 |
|||||||
Income (loss) before income tax and share of income on equity method |
609,247 |
(161,699) |
(5,392) |
442,156 |
69,749 |
|||||||
Income tax expenses |
(150,105) |
(669) |
- |
(150,774) |
(23,784) |
|||||||
Income (loss) before share of income on equity method investments |
459,142 |
(162,368) |
(5,392) |
291,382 |
45,965 |
|||||||
Share of loss on equity method investments |
(2,600) |
- |
- |
(2,600) |
(410) |
|||||||
Net income (loss) |
456,542 |
(162,368) |
(5,392) |
288,782 |
45,555 |
|||||||
(iii) Share-based compensation was allocated in cost of revenues and operating expenses as follows: |
||||||||||||
Three months |
||||||||||||
Ended |
||||||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
||||||||
RMB |
RMB |
RMB |
RMB |
US$ |
||||||||
Cost of revenues |
1,847 |
1,231 |
- |
3,078 |
486 |
|||||||
Research and development |
18,453 |
2,521 |
- |
20,974 |
3,309 |
|||||||
Sales and marketing |
10,590 |
15 |
- |
10,605 |
1,673 |
|||||||
General and administrative |
73,913 |
46 |
- |
73,959 |
11,667 |
|||||||
Total cost and expenses |
104,803 |
3,813 |
- |
108,616 |
17,135 |
|||||||
[1] All translations from RMB to |
|
|||||||||
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report |
|||||||||
(All amounts in thousands, except share and per share data) |
|||||||||
Three months |
|||||||||
Ended |
|||||||||
Momo |
Tantan |
QOOL |
Total |
Total |
|||||
RMB |
RMB |
RMB |
RMB |
US$ |
|||||
Income (loss) from operations |
519,219 |
(161,751) |
(5,454) |
352,014 |
55,529 |
||||
Share-based compensation |
104,803 |
3,813 |
- |
108,616 |
17,135 |
||||
Non-GAAP income (loss) from |
624,022 |
(157,938) |
(5,454) |
460,630 |
72,664 |
||||
Net income (loss) |
456,542 |
(162,368) |
(5,392) |
288,782 |
45,555 |
||||
Share-based compensation |
104,803 |
3,813 |
- |
108,616 |
17,135 |
||||
Non-GAAP net income (loss) |
561,345 |
(158,555) |
(5,392) |
397,398 |
62,690 |
View original content:https://www.prnewswire.com/news-releases/hello-group-inc-announces-unaudited-financial-results-for-the-first-quarter-of-2023-301843289.html
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