Hello Group Swings to Q2 Profit, Names New COO, Guides Q3 Revenue Down 5.7%-9.4%
MOMO is trading near its 52-week low of $5.32 (2.3% above the low).
Summary
Hello Group swung to a Q2 2026 profit of RMB237.4M from a year-ago loss, named Jianhua Wen as new COO, and guided Q3 revenue down 5.7%-9.4% YoY. The company has US$62M remaining on its buyback program.
Key Events · Earnings and Guidance · MOMO
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Q2 Net Income Swings to Profit
Net income attributable to shareholders was RMB237.4M (US$35.0M) in Q2 2026, compared to a net loss of RMB140.2M in Q2 2025. Non-GAAP net income was RMB273.9M (US$40.4M).
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Overseas Revenue Surges 52%
Overseas net revenues grew 52.0% YoY to RMB672.7M (US$99.1M), driven by new audio/video products in MENA and dating brands outside MENA, partially offsetting a 5.1% decline in total net revenues to RMB2,486.0M.
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New COO Appointed
Jianhua Wen was appointed Chief Operating Officer effective September 3, 2026, transitioning from his role as Chief Technology Officer, which he held since April 2024.
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Q3 Guidance Implies Continued Decline
Company expects Q3 2026 total net revenues between RMB2.4B and RMB2.5B, representing a 9.4% to 5.7% YoY decrease, reflecting ongoing domestic headwinds.
Analysis · MOMO · Technology
Hello Group delivered a strong Q2 2026 with net income of RMB237.4 million (US$35.0 million), a dramatic swing from a RMB140.2 million loss a year earlier, driven by a 52% surge in overseas revenue. The company also announced a leadership transition with Jianhua Wen moving from CTO to COO, and provided Q3 guidance that implies continued revenue decline of 5.7% to 9.4% year-over-year. The share repurchase program has US$62.0 million remaining after buying back 68 million ADSs at an average price of US$6.22, well above the current stock price of $5.44, suggesting management sees value at these levels.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.2% of the 2009 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MOMO was trading at $5.44 on NASDAQ in the Technology sector, with a market capitalization of approximately $810.4M. The 52-week trading range was $5.32 to $8.59. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.