Gold prices remain near record highs; Fed cut bets prompt weekly gains
Investing.com -- Hello Group has provided its revenue forecast for the third quarter, projecting net revenue between 2.59 billion yuan and 2.69 billion yuan, which aligns with the Bloomberg Consensus estimate of 2.64 billion yuan.
The company reported second quarter net revenue of 2.62 billion yuan, representing a 2.6% year-over-year decline, slightly above the estimated 2.61 billion yuan. Value-added service revenue reached 2.58 billion yuan, while other services revenue totaled 41.1 million yuan.
Hello Group’s monthly active users fell to 10.2 million in the second quarter, a 21% decrease compared to the same period last year.
The Momo app recorded 3.5 million total paying users for the second quarter of 2025, down from 7.2 million in the same quarter of 2024. Similarly, Tantan saw its paying users drop to 0.7 million from 1.0 million a year ago.
The company reduced its expenses during the quarter. Sales and marketing expenses decreased by 4.8% year-over-year to 347.3 million yuan, below the estimated 356.3 million yuan.
Research and development expenses also declined by 4.8% to 183.9 million yuan, compared to the estimate of 188.7 million yuan.
Hello Group described the second quarter as "good," noting that both domestic and overseas business fundamentals continued the positive trend that began at the start of the year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.