Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

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