Moments Group Reports 2.6% Revenue Decline, Net Loss in Q2 2025

Moments Group, the operator of the popular social networking app Momo, released its second-quarter financial results for 2025, showing a 2.6% year-over-year decline in revenue. The company's net revenue for the quarter was 26.204 billion yuan, down from 27.904 billion yuan in the same period last year. This revenue decrease was accompanied by a substantial drop in net income, which turned into a net loss of 1.4 billion yuan, compared to a net profit of 3.978 billion yuan in the second quarter of 2024. The company's earnings per American Depositary Share (ADS) also declined, falling to a net loss of 0.84 yuan from a profit of 2.11 yuan in the previous year.

The decline in revenue and profitability was mirrored by a decrease in user engagement. The monthly active users (MAU) for the Tantan app, another popular social networking platform owned by Moments Group, decreased to 10.2 million in June 2025, down from 12.9 million in June 2024. This trend was also evident in the number of paying users for both Momo and Tantan. Momo's total paying users dropped to 3.5 million in the second quarter of 2025, a significant decrease from 7.2 million in the same period last year. Similarly, Tantan's paying users fell to 700,000, down from 1 million in the second quarter of 2024.

The company's cash flow from operating activities also saw a decline, with 2.501 billion yuan generated in the second quarter of 2025, compared to 4.752 billion yuan in the same period last year. This decrease in cash flow, coupled with the decline in revenue and user engagement, paints a challenging picture for Moments Group.

Looking ahead, the company has provided guidance for the third quarter of 2025, projecting total net revenue to be between 25.9 billion yuan and 26.9 billion yuan. This represents a year-over-year decrease of 3.2% to an increase of 0.6%, indicating that the company may continue to face headwinds in the near term. Despite the challenging outlook, Moments Group remains focused on its core business and continues to invest in product development and user acquisition to drive growth in the future.