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Segment Information | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Segment Information |
20. | SEGMENT INFORMATION
The Group’s chief operating decision maker has been identified as the Chief Executive Officer (“CEO”) who reviews financial information of operating segments based on US GAAP amounts when making decisions about allocating resources and assessing performance of the Group. During the years ended December 31, 2020, 2021 and 2022, the Group determined that it operated in three operating segments namely Momo, Tantan and QOOL given that the related financial information is separately reviewed by the Group’s CEO. Momo’s services mostly include live video services, value-added services, mobile marketing services and mobile games derived from the Momo’s platform. Tantan’s services mainly include value-added services and live video services provided on Tantan’s platform. QOOL services mainly include advertisement services generated from the Group’s broadcasting of content television. The Group primarily operates in the PRC and substantially all of the Group’s long-lived assets are located in the PRC. The Group’s chief operating decision maker evaluates performance based on each reporting segment’s net revenue, operating cost and expenses, operating income and net income. Net revenues, operating cost and expenses, operating income, and net income by segment for the years ended December 31, 2020, 2021 and 2022 were as follows:
|  | For the year ended December 31, 2020 |
|  | Momo |  |  | Tantan |  |  | QOOL |  |  | Consolidated |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |
Net revenues: |  |  | 12,631,119 |  |  |  | 2,368,314 |  |  |  | 24,755 |  |  |  | 15,024,188 |
Cost and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues |  |  | (6,865,836 | ) |  |  | (1,088,816 | ) |  |  | (22,129 | ) |  |  | (7,976,781 | )
Research and development |  |  | (844,826 | ) |  |  | (322,851 | ) |  |  | — |  |  |  | (1,167,677 | )
Sales and marketing |  |  | (1,454,123 | ) |  |  | (1,359,709 | ) |  |  | (90 | ) |  |  | (2,813,922 | )
General and administrative |  |  | (664,458 | ) |  |  | (73,019 | ) |  |  | (25,673 | ) |  |  | (763,150 | )
Total cost and expenses |  |  | (9,829,243 | ) |  |  | (2,844,395 | ) |  |  | (47,892 | ) |  |  | (12,721,530 | )
Other operating income |  |  | 223,312 |  |  |  | 3,945 |  |  |  | 1,520 |  |  |  | 228,777 |
Income (loss) from operations |  |  | 3,025,188 |  |  |  | (472,136 | ) |  |  | (21,617 | ) |  |  | 2,531,435 |
Interest income |  |  | 440,878 |  |  |  | 3,353 |  |  |  | 240 |  |  |  | 444,471 |
Interest expense |  |  | (78,872 | ) |  |  | — |  |  |  | — |  |  |  | (78,872 | )
Other gain or loss, net |  |  | 1,500 |  |  |  | — |  |  |  | — |  |  |  | 1,500 |
Income tax (expenses) benefits |  |  | (770,333 | ) |  |  | 14,713 |  |  |  | — |  |  |  | (755,620 | )
Share of loss on equity method investments |  |  | (42,522 | ) |  |  | — |  |  |  | — |  |  |  | (42,522 | )
Net income (loss) |  |  | 2,575,839 |  |  |  | (454,070 | ) |  |  | (21,377 | ) |  |  | 2,100,392 |
|  | For the year ended December 31, 2021 |
|  | Momo |  |  | Tantan |  |  | QOOL |  |  | Unallocated |  |  | Consolidated |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |
Net revenues: |  |  | 12,541,205 |  |  |  | 2,029,184 |  |  |  | 5,330 |  |  |  | — |  |  |  | 14,575,719 |
Cost and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues |  |  | (7,301,048 | ) |  |  | (1,044,852 | ) |  |  | (37,531 | ) |  |  | — |  |  |  | (8,383,431 | )
Research and development |  |  | (828,688 | ) |  |  | (303,093 | ) |  |  | — |  |  |  | — |  |  |  | (1,131,781 | )
Sales and marketing |  |  | (1,420,130 | ) |  |  | (1,180,146 | ) |  |  | (4,033 | ) |  |  | — |  |  |  | (2,604,309 | )
General and administrative |  |  | (619,922 | ) |  |  | 18,401 |  |  |  | (23,179 | ) |  |  | — |  |  |  | (624,700 | )
Impairment loss on goodwill and intangible assets |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,397,012 | ) |  |  | (4,397,012 | )
Total cost and expenses |  |  | (10,169,788 | ) |  |  | (2,509,690 | ) |  |  | (64,743 | ) |  |  | (4,397,012 | ) |  |  | (17,141,233 | )
Other operating income |  |  | 138,884 |  |  |  | 37,029 |  |  |  | 34 |  |  |  | — |  |  |  | 175,947 |
Income (loss) from operations |  |  | 2,510,301 |  |  |  | (443,477 | ) |  |  | (59,379 | ) |  |  | (4,397,012 | ) |  |  | (2,389,567 | )
Interest income |  |  | 383,028 |  |  |  | 1,091 |  |  |  | 160 |  |  |  | — |  |  |  | 384,279 |
Interest expense |  |  | (73,776 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (73,776 | )
Other gain or loss, net |  |  | (16,000 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (16,000 | )
Income tax (expenses) benefits |  |  | (844,987 | ) |  |  | 22,431 |  |  |  | — |  |  |  | — |  |  |  | (822,556 | )
Share of loss on equity method investments |  |  | (8,084 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (8,084 | )
Net income (loss) |  |  | 1,950,482 |  |  |  | (419,955 | ) |  |  | (59,219 | ) |  |  | (4,397,012 | ) |  |  | (2,925,704 | )
The impairment loss was presented as an unallocated item in the segment information because the CEO does not consider this as part of the segment operating performance measure.
|  | For the year ended December 31, 2022 |
|  | Momo |  |  | Tantan |  |  | QOOL |  |  | Consolidated |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |
Net revenues: |  |  | 11,335,094 |  |  |  | 1,367,853 |  |  |  | 1,225 |  |  |  | 12,704,172 |
Cost and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of revenues |  |  | (6,704,020 | ) |  |  | (714,936 | ) |  |  | (2,463 | ) |  |  | (7,421,419 | )
Research and development |  |  | (737,380 | ) |  |  | (268,839 | ) |  |  | — |  |  |  | (1,006,219 | )
Sales and marketing |  |  | (1,346,692 | ) |  |  | (721,889 | ) |  |  | (5,036 | ) |  |  | (2,073,617 | )
General and administrative |  |  | (547,798 | ) |  |  | (33,234 | ) |  |  | (14,974 | ) |  |  | (596,006 | )
Total cost and expenses |  |  | (9,335,890 | ) |  |  | (1,738,898 | ) |  |  | (22,473 | ) |  |  | (11,097,261 | )
Other operating income |  |  | 8,753 |  |  |  | 11,830 |  |  |  | 49 |  |  |  | 20,632 |
Income (loss) from operations |  |  | 2,007,957 |  |  |  | (359,215 | ) |  |  | (21,199 | ) |  |  | 1,627,543 |
Interest income |  |  | 368,051 |  |  |  | 544 |  |  |  | 284 |  |  |  | 368,879 |
Interest expense |  |  | (83,530 | ) |  |  | — |  |  |  | — |  |  |  | (83,530 | )
Other gain or loss, net |  |  | 118,325 |  |  |  | — |  |  |  | — |  |  |  | 118,325 |
Income tax (expenses) benefits |  |  | (586,663 | ) |  |  | 24,382 |  |  |  | — |  |  |  | (562,281 | )
Share of income on equity method investments |  |  | 11,073 |  |  |  | — |  |  |  | — |  |  |  | 11,073 |
Net income (loss) |  |  | 1,835,213 |  |  |  | (334,289 | ) |  |  | (20,915 | ) |  |  | 1,480,009 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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