09:08 AM EDT, 09/09/2025 (MT Newswires) -- Hello Group ( MOMO ) swung to a second-quarter loss year over year, while the Chinese social-media platform operator's revenue fell amid soft consumer sentiment.

The parent of Momo and Tantan on Tuesday reported an adjusted loss of 0.58 renminbi ($0.08) per American depositary share for the second quarter, compared with earnings of 2.38 renminbi a year earlier. Two analysts surveyed by FactSet expected per-share earnings of 2.07 renminbi. Revenue moved down 2.6% to 2.62 billion renminbi, while four FactSet-polled analysts were looking for 2.61 billion renminbi.

The company's Nasdaq-listed shares fell 9.4% in the most recent premarket activity.

"Both our domestic and overseas business fundamentals extended the positive trend that began at the start of the year, achieving favorable results across various operational and financial metrics," Chief Executive Yan Tang said in a statement.

For the ongoing quarter, the company anticipates revenue to come in between 2.59 billion renminbi and 2.69 billion renminbi, representing an annual decrease of 3.2% to a gain of 0.6%. Two analysts on FactSet estimate 2.65 billion renminbi.

Revenue in the value-added service segment, which includes virtual gift revenue and membership subscription, dropped 2.6% to 2.58 billion renminbi in the second quarter. The company attributed the decline to soft consumer sentiment "among top users" of its Momo app and a decline in paying users on the Tantan dating app, partially offset by revenue growth in its overseas apps.

"Our Momo business has progressively stabilized, with both revenue and profit surpassing our initial expectations," according to Tang.

Revenue from mainland China slipped to 2.18 billion renminbi from 2.44 billion renminbi in the 2024 quarter, amid declines in the Momo and Tantan apps, according to the company. Overseas revenue advanced to 442.4 million renminbi from 256.3 million renminbi last year.

"For our overseas business, we have successfully maintained rapid growth while controlling costs and expenses effectively," Tang said. "This strategic approach keeps our overseas business on course to deliver an increasingly meaningful contribution to the group's overall financial performance."