Technology
Hello Group Inc. Announces Unaudited Financial Results for the Second Quarter of 2024
Published
2 years agoon
By
BEIJING, Sept. 3, 2024 /PRNewswire/ — Hello Group Inc. (NASDAQ: MOMO) (“Hello Group” or the “Company”), a leading player in mainland China’s online social networking space, today announced its unaudited financial results for the second quarter of 2024.
Second Quarter of 2024 Highlights
Net revenues decreased by 14.2% year over year to RMB2,691.4 million (US$370.3 million*) in the second quarter of 2024.Net income attributable to Hello Group Inc. decreased to RMB397.8 million (US$54.7 million) in the second quarter of 2024, from RMB568.4 million in the same period of 2023.Non-GAAP net income attributable to Hello Group Inc. (note 1) decreased to RMB449.2 million (US$61.8 million) in the second quarter of 2024, from RMB632.1 million in the same period of 2023.Diluted net income per American Depositary Share (“ADS”) was RMB2.11 (US$0.29) in the second quarter of 2024, compared to RMB2.82 in the same period of 2023.Non-GAAP diluted net income per ADS (note 1) was RMB2.38 (US$0.33) in the second quarter of 2024, compared to RMB3.14 in the same period of 2023.Monthly Active Users (“MAU”) on Tantan app were 12.9 million in June 2024, compared to 17.3 million in June 2023.For the Momo app total paying users was 7.2 million for the second quarter of 2024, compared to 7.9 million for the same period last year. Tantan had 1.0 million paying users for the second quarter of 2024 compared to 1.4 million from the year ago period.
First Half of 2024 Highlights
Net revenues decreased by 11.8% year over year to RMB5,251.8 million (US$722.7 million) for the first half of 2024.Net income attributable to Hello Group Inc. was RMB403.0 million (US$55.5 million) for the first half of 2024, compared to RMB958.7 million during the same period of 2023.Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB509.1 million (US$70.1 million) for the first half of 2024, compared to RMB1,104.1 million during the same period of 2023.Diluted net income per ADS was RMB2.10 (US$0.29) for the first half of 2024, compared to RMB4.78 during the same period of 2023.Non-GAAP diluted net income per ADS (note 1) was RMB2.65 (US$0.37) for the first half of 2024, compared to RMB5.49 during the same period of 2023.
“Q2 was a good quarter. I am pleased to see that our team has maintained the spirit of innovation and adaptation in a challenging environment,” commented Yan Tang, Chairman and CEO of Hello Group. “Momo’s cash cow business continued to be productive in a healthy community ecosystem. Regarding new endeavors, while strengthening the localization progress, we are more convinced of the revenue growth opportunities in overseas market.”
* This press release contains translations of certain Renminbi amounts into U.S. dollars at specified rate solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars, in this press release, were made at a rate of RMB7.2672 to US$1.00, the effective noon buying rate for June 28, 2024 as set forth in the H.10 statistical release of the Federal Reserve Board.
Second Quarter of 2024 Financial Results
Net revenues
Total net revenues were RMB2,691.4 million (US$370.3 million) in the second quarter of 2024, a decrease of 14.2% from RMB3,137.7 million in the second quarter of 2023.
Live video service revenues were RMB1,303.0 million (US$179.3 million) in the second quarter of 2024, a decrease of 18.0% from RMB1,588.8 million during the same period of 2023. The decrease was primarily attributable to our proactive operational adjustments to de-emphasis large scale competition events in the Momo app and a soft consumer sentiment in the current macro environment, and to a lesser degree, Tantan pivoting away from the less dating-centric live video service.
Value-added service revenues mainly include virtual gift revenues and membership subscription revenues. Total value-added service revenues were RMB1,345.3 million (US$185.1 million) in the second quarter of 2024, a decrease of 10.3% from RMB1,499.5 million during the same period of 2023. The decrease was primarily due to our product adjustments to improve Momo app’s ecosystem as well as the impact of the macro economy on consumer sentiment, and to a lesser extent, the decline in Tantan’s paying users which was in turn due to the decrease in its user base, the recent product upgrade as well as adjustments in its membership auto renewal policy. The decrease was partially offset by the revenue growth from the new standalone apps.
Mobile marketing revenues were RMB42.0 million (US$5.8 million) in the second quarter of 2024, an increase of 13.5% from RMB37.0 million during the same period of 2023.
Net revenues from the Momo segment decreased from RMB2,816.6 million in the second quarter of 2023 to RMB2,457.2 million (US$338.1 million) in the second quarter of 2024, primarily due to the decrease in net revenues from value-added service and live video service on Momo app. The decrease was partially offset by the revenue growth of the new standalone apps. Net revenues from the Tantan segment decreased from RMB320.7 million in the second quarter of 2023 to RMB233.7 million (US$32.2 million) in the second quarter of 2024, mainly due to the decrease in net revenues from live video service and value-added service.
Cost and expenses
Cost and expenses were RMB2,275.2 million (US$313.1 million) in the second quarter of 2024, a decrease of 9.6% from RMB2,515.5 million in the second quarter of 2023. The decrease was primarily attributable to: (a) a decrease in revenue sharing with broadcasters related to live video service on Momo app and Tantan app, and a decrease in revenue sharing with virtual gift recipients of virtual gift service on Momo app. The decrease was partially offset by an increase in revenue sharing with virtual gift recipients for new standalone apps; (b) a decrease in salary expenses and share-based compensation expenses, due to our continuous optimization in personnel costs and the newly granted share options which had lower fair value. The decrease was partially offset by an increase in sales and marketing expenses due to more marketing spend in connection with the annual gala event of Momo’s live streaming service.
Non-GAAP cost and expenses (note 1) were RMB2,223.8 million (US$306.0 million) in the second quarter of 2024, a decrease of 9.3% from RMB2,451.8 million during the same period of 2023.
Income from operations
Income from operations was RMB425.0 million (US$58.5 million) in the second quarter of 2024, compared to RMB645.1 million during the same period of 2023. Income from operations of the Momo segment was RMB409.4 million (US$56.3 million) in the second quarter of 2024, which decreased from RMB618.8 million in the second quarter of 2023. Income from operations of the Tantan segment was RMB16.4 million (US$2.3 million) in the second quarter of 2024, which decreased from RMB30.2 million in the second quarter of 2023.
Non-GAAP income from operations (note 1) was RMB476.5 million (US$65.6 million) in the second quarter of 2024, compared to RMB708.8 million during the same period of 2023. Non-GAAP income from operations of the Momo segment was RMB456.7 million (US$62.8 million) in the second quarter of 2024, which decreased from RMB680.8 million in the second quarter of 2023. Non-GAAP income from operations of the Tantan segment was RMB20.6 million (US$2.8 million) in the second quarter of 2024, compared to RMB31.9 million in the second quarter of 2023.
Income tax expenses
Income tax expenses were RMB102.6 million (US$14.1 million) in the second quarter of 2024, compared to RMB166.0 million in the second quarter of 2023. The decrease in income tax expenses was primarily due to the lower profit in the second quarter of 2024, and to a lesser extent, lower withholding tax rate due to our eligibility for a preferential tax rate since the beginning of the year.
Net income
Net income was RMB397.8 million (US$54.7 million) in the second quarter of 2024, compared to RMB567.6 million during the same period of 2023. Net income from the Momo segment was RMB382.8 million (US$52.7 million) in the second quarter of 2024, compared to RMB542.4 million in the same period of 2023. Net income from the Tantan segment was RMB15.8 million (US$2.2 million) in the second quarter of 2024, compared to RMB29.1 million in the second quarter of 2023.
Non-GAAP net income (note 1) was RMB449.2 million (US$61.8 million) in the second quarter of 2024, compared to RMB631.3 million during the same period of 2023. Non-GAAP net income from the Momo segment was RMB430.0 million (US$59.2 million) in the second quarter of 2024, which decreased from RMB604.4 million in the second quarter of 2023. Non-GAAP net income of the Tantan segment was RMB20.0 million (US$2.8 million) in the second quarter of 2024, compared to RMB30.8 million in the second quarter of 2023.
Net income attributable to Hello Group Inc.
Net income attributable to Hello Group Inc. was RMB397.8 million (US$54.7 million) in the second quarter of 2024, compared to RMB568.4 million during the same period of 2023.
Non-GAAP net income (note 1) attributable to Hello Group Inc. was RMB449.2 million (US$61.8 million) in the second quarter of 2024, compared to RMB632.1 million during the same period of 2023.
Net income per ADS
Diluted net income per ADS was RMB2.11 (US$0.29) in the second quarter of 2024, compared to RMB2.82 in the second quarter of 2023.
Non-GAAP diluted net income per ADS (note 1) was RMB2.38 (US$0.33) in the second quarter of 2024, compared to RMB3.14 in the second quarter of 2023.
Cash and cash flow
As of June 30, 2024, the Company’s cash, cash equivalents, short-term deposits, long-term deposits, short-term restricted cash and long-term restricted cash totaled RMB14,316.4 million (US$1,970.0 million), compared to RMB13,478.5 million as of December 31, 2023.
Net cash provided by operating activities in the second quarter of 2024 was RMB475.2 million (US$65.4 million), compared to RMB827.7 million in the second quarter of 2023.
First Half of 2024 Financial Results
Net revenues for the first half of 2024 were RMB5,251.8 million (US$722.7 million), a decrease of 11.8% from RMB5,956.5 million in the same period of 2023.
Net income attributable to Hello Group Inc. was RMB403.0 million (US$55.5 million) for the first half of 2024, compared to RMB958.7 million during the same period of 2023.
Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB509.1 million (US$70.1 million) for the first half of 2024, compared to RMB1,104.1 million during the same period of 2023.
Diluted net income per ADS was RMB2.10 (US$0.29) during the first half of 2024, compared to RMB4.78 in the same period of 2023.
Non-GAAP diluted net income per ADS (note 1) was RMB2.65 (US$0.37) during the first half of 2024, compared to RMB5.49 in the same period of 2023.
Net cash provided by operating activities was RMB875.4 million (US$120.5 million) during the first half of 2024, compared to RMB1,278.8 million in the same period of 2023.
Recent Development
Share repurchase program
On June 7, 2022, Hello Group’s board of directors authorized a share repurchase program under which the Company may repurchase up to US$200 million of its shares up to June 6, 2024 (the “Share Repurchase Program”). On March 14, 2024, Hello Group’s board of directors approved to amend the Share Repurchase Program to (i) extend the term of the Share Repurchase Program up to June 30, 2026, and (ii) upsize the Share Repurchase Program so that the Company is authorized to, from time to time, acquire up to an aggregate of US$286.1 million worth of its shares in the form of ADSs and/or the ordinary shares of the Company in the open market and through privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations.
As of September 3, the Company has repurchased 30.9 million ADSs for US$174.6 million on the open market under Share Repurchase Program announced on June 7, 2022 and amended on March 14, 2024, at an average purchase price of US$5.63 per ADS.
Business Outlook
For the third quarter of 2024, the Company expects total net revenues to be between RMB2.58 billion to RMB2.68 billion, representing a decrease of 15.2% to 11.9% year over year. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change.
Note 1: Non-GAAP measures
To supplement our consolidated financial statements presented in accordance with U.S. generally accepted accounting principles (“GAAP”), we, Hello Group, use various non-GAAP financial measures that are adjusted from the most comparable GAAP results to exclude share-based compensation and such adjustment has no impact on income tax.
Reconciliations of our non-GAAP financial measures to our U.S. GAAP financial measures are shown in tables at the end of this earnings release, which provide more details about the non-GAAP financial measures.
Our non-GAAP financial information is provided as additional information to help investors compare business trends among different reporting periods on a consistent basis and to enhance investors’ overall understanding of the historical and current financial performance of our continuing operations and our prospects for the future. Our non-GAAP financial information should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to the GAAP results. In addition, our calculation of the non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited.
Our non-GAAP information (including non-GAAP cost and operating expenses, income (loss) from operations, net income (loss), net income attributable to Hello Group Inc., and diluted net income per ADS) is adjusted from the most comparable GAAP results to exclude share-based compensation and such adjustment has no impact on income tax. A limitation of using these non-GAAP financial measures is that share-based compensation has been and will continue to be for the foreseeable future significant recurring expenses in our results of operations. We compensate for such limitation by providing reconciliations of our non-GAAP measures to our U.S. GAAP measures. Please see the reconciliation tables at the end of this earnings release.
Conference Call
Hello Group’s management will host an earnings conference call on Tuesday, September 3, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on September 3, 2024).
Participants can register for the conference call by navigating to:
https://s1.c-conf.com/diamondpass/10041441-w8sbhf.html.
Upon registration, each participant will receive details for the conference call, including dial-in numbers, conference call passcode and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin.
A telephone replay of the call will be available after the conclusion of the conference call through September 10, 2024. The dial-in details for the replay are as follows:
U.S. / Canada: 1-855-883-1031
Hong Kong: 800-930-639
Passcode: 10041441
Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of Hello Group’s website at https://ir.hellogroup.com.
About Hello Group Inc.
We are a leading player in mainland China’s online social networking space. Through Momo, Tantan and other properties within our product portfolio, we enable users to discover new relationships, expand their social connections and build meaningful interactions. Momo is a mobile application that connects people and facilitates social interactions based on location, interests and a variety of online recreational activities. Tantan, which was added into our family of applications through acquisition in May 2018, is a leading social and dating application. Tantan is designed to help its users find and establish romantic connections as well as meet interesting people. Starting from 2019, we have incubated a number of other new apps, such as Hertz, Soulchill, Duidui and Tietie, which target more niche markets and more selective demographics.
For investor and media inquiries, please contact:
Hello Group Inc.
Investor Relations
Phone: +86-10-5731-0538
Email: ir@hellogroup.com
Christensen
In China
Ms. Xiaoyan Su
Phone: +86-10-5900-1548
E-mail: Xiaoyan.Su@christensencomms.com
In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com
Safe Harbor Statement
This news release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include but are not limited to our management quotes, our financial outlook for the third quarter of 2024, as well as the amount of, timing, methods and funding sources for repurchases of our shares under the share repurchase program.
Our forward-looking statements are not historical facts but instead represent only our belief regarding expected results and events, many of which, by their nature, are inherently uncertain and outside of our control. Our actual results and other circumstances may differ, possibly materially, from the anticipated results and events indicated in these forward-looking statements. Announced results for the second quarter of 2024 are preliminary, unaudited and subject to audit adjustment. In addition, we may not meet our financial outlook for the third quarter of 2024 and may be unable to grow our business in the manner planned. We may also modify our strategy for growth. Moreover, there are other risks and uncertainties that could cause our actual results to differ from what we currently anticipate, including those relating to our ability to retain and grow our user base, our ability to attract and retain sufficiently trained professionals to support our operations, our ability to anticipate and develop new services and enhance existing services to meet the demand of our users or customers, the market price of the Company’s stock prevailing from time to time, the nature of other investment opportunities presented to the Company from time to time, the Company’s cash flows from operations, general economic conditions, and other factors. For additional information on these and other important factors that could adversely affect our business, financial condition, results of operations, and prospects, please see our filings with the U.S. Securities and Exchange Commission.
All information provided in this press release and in the attachments is as of the date of the press release. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, after the date of this release, except as required by law. Such information speaks only as of the date of this release.
Hello Group Inc.
Unaudited Condensed Consolidated Statement of Operations
(All amounts in thousands, except share and per share data)
Three months
First half year
Ended June 30
Ended June 30
2023
2024
2024
2023
2024
2024
RMB
RMB
US$
RMB
RMB
US$
Net revenues:
Live video service
1,588,849
1,303,020
179,302
3,018,189
2,541,561
349,730
Value-added service
1,499,482
1,345,316
185,121
2,860,951
2,639,692
363,234
Mobile marketing
36,986
41,990
5,778
58,057
68,585
9,438
Mobile games
2,606
–
–
6,305
432
59
Other services
9,763
1,065
147
13,042
1,541
212
Total net revenues
3,137,686
2,691,391
370,348
5,956,544
5,251,811
722,673
Cost and expenses:
Cost of revenues
(1,819,559)
(1,595,789)
(219,588)
(3,483,747)
(3,098,797)
(426,409)
Research and development
(214,649)
(193,168)
(26,581)
(451,452)
(385,359)
(53,027)
Sales and marketing
(356,525)
(364,769)
(50,194)
(736,311)
(658,200)
(90,571)
General and administrative
(124,787)
(121,482)
(16,716)
(263,085)
(252,863)
(34,795)
Total cost and expenses
(2,515,520)
(2,275,208)
(313,079)
(4,934,595)
(4,395,219)
(604,802)
Other operating income, net
22,919
8,861
1,219
59,313
28,767
3,958
Income from operations
645,085
425,044
58,488
1,081,262
885,359
121,829
Interest income
115,321
130,937
18,018
215,108
252,044
34,682
Interest expense
(11,963)
(32,493)
(4,471)
(22,378)
(56,191)
(7,732)
Other gain or loss, net
4,565
(34,625)
(4,765)
4,565
(43,870)
(6,037)
Income before income tax and share of (loss) income on equity method
investments
753,008
488,863
67,270
1,278,557
1,037,342
142,742
Income tax expenses
(165,969)
(102,614)
(14,120)
(288,582)
(660,227)
(90,850)
Income before share of (loss) income on equity method investments
587,039
386,249
53,150
989,975
377,115
51,892
Share of (loss) income on equity method investments
(19,439)
11,536
1,587
(32,914)
25,854
3,558
Net income
567,600
397,785
54,737
957,061
402,969
55,450
Less: net loss attributable to non-controlling interest
(795)
–
–
(1,623)
–
–
Net income attributable to the shareholders of Hello Group Inc.
568,395
397,785
54,737
958,684
402,969
55,450
Net income per share attributable to ordinary shareholders
Basic
1.50
1.10
0.15
2.54
1.09
0.15
Diluted
1.41
1.05
0.14
2.39
1.05
0.14
Weighted average shares used in calculating net income per ordinary share
Basic
377,920,901
362,394,762
362,394,762
377,471,487
368,522,705
368,522,705
Diluted
409,201,815
377,903,589
377,903,589
409,151,850
383,528,002
383,528,002
Hello Group Inc.
Unaudited Condensed Consolidated Statement of Comprehensive Income
(All amounts in thousands, except share and per share data)
Three months
First half year
Ended June 30
Ended June 30
2023
2024
2024
2023
2024
2024
RMB
RMB
US$
RMB
RMB
US$
Net income
567,600
397,785
54,737
957,061
402,969
55,450
Other comprehensive income, net of tax:
Foreign currency translation adjustment
107,975
41,569
5,720
110,156
96,463
13,274
Comprehensive income
675,575
439,354
60,457
1,067,217
499,432
68,724
Less: comprehensive income attributed to the non-controlling interest
10,188
1,202
165
8,518
4,286
590
Comprehensive income attributable to Hello Group Inc.
665,387
438,152
60,292
1,058,699
495,146
68,134
Hello Group Inc.
Unaudited Condensed Consolidated Balance Sheets
(All amounts in thousands, except share and per share data)
December 31
June 30
June 30
2023
2024
2024
RMB
RMB
US$
Assets
Current assets
Cash and cash equivalents
5,620,466
5,958,586
819,929
Short-term deposits
1,270,626
350,000
48,162
Restricted cash
10,147
1,513,894
208,319
Accounts receivable, net of allowance for doubtful accounts of RMB12,780 and
RMB12,615 as of December 31, 2023 and June 30, 2024, respectively
201,517
184,840
25,435
Amounts due from related parties
7,258
–
–
Prepaid expenses and other current assets
723,364
776,812
106,893
Total current assets
7,833,378
8,784,132
1,208,738
Long-term deposits
3,924,975
3,816,800
525,209
Long-term restricted cash
2,652,299
2,677,110
368,383
Right-of-use assets, net
109,572
304,301
41,873
Property and equipment, net
659,033
889,309
122,373
Intangible assets, net
17,086
14,527
1,999
Rental deposits
12,962
13,770
1,895
Long-term investments
786,911
726,981
100,036
Amounts due from RPT-non current
20,000
–
–
Other non-current assets
180,052
211,744
29,137
Deferred tax assets
31,741
35,820
4,929
Total assets
16,228,009
17,474,494
2,404,572
Liabilities and equity
Current liabilities
Accounts payable
616,681
607,035
83,532
Deferred revenue
442,805
444,657
61,187
Accrued expenses and other current liabilities
630,617
607,062
83,535
Amounts due to related parties
4,314
–
–
Lease liabilities due within one year
60,008
153,979
21,188
Income tax payable
94,719
58,224
8,012
Deferred consideration in connection with business acquisitions
27,261
27,904
3,840
Long-term borrowings, current portion
215,615
215,615
29,670
Short-term borrowings
–
1,331,635
183,239
Total current liabilities
2,092,020
3,446,111
474,203
Deferred tax liabilities
24,987
408,451
56,205
Convertible Senior Notes
19,571
20,067
2,761
Long-term borrowings
1,938,385
1,938,169
266,701
Lease liabilities
52,171
158,821
21,854
Other non-current liabilities
114,085
137,811
18,963
Total liabilities
4,241,219
6,109,430
840,687
Shareholder’s equity (i)
11,986,790
11,365,064
1,563,885
Total liabilities and shareholder’s equity
16,228,009
17,474,494
2,404,572
(i): As of June 30, 2024, the number of ordinary shares outstanding was 352,650,980.
Hello Group Inc.
Unaudited Condensed Consolidated Statement of Cash Flows
(All amounts in thousands, except share and per share data)
Three months
First half year
Ended June 30
Ended June 30
2023
2024
2024
2023
2024
2024
RMB
RMB
US$
RMB
RMB
US$
Cash flows from operating activities:
Net income
567,600
397,785
54,737
957,061
402,969
55,450
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment
18,787
13,525
1,861
41,631
27,835
3,830
Amortization of intangible assets
1,279
1,279
176
2,558
2,558
352
Share-based compensation
63,748
51,458
7,081
145,405
106,128
14,604
Share of loss (income) on equity method investments
19,439
(11,536)
(1,587)
32,914
(25,854)
(3,558)
Gain on repurchase of convertible senior notes
(4,565)
–
–
(4,565)
–
–
Cash received on distributions from equity method investments
1,349
1,197
165
1,349
1,197
165
Loss on long-term investments
–
34,625
4,765
–
43,870
6,037
Gain or loss on disposal of property and equipment
(527)
(178)
(24)
(460)
80
11
Provision of loss on receivable and other assets
1,022
145
20
10,204
1,921
264
Changes in operating assets and liabilities:
Accounts receivable
(20,117)
4,848
667
(20,665)
15,828
2,178
Prepaid expenses and other current assets
170,514
15,043
2,070
194,866
5,366
738
Amounts due from related parties
–
–
–
55
–
–
Rental deposits
951
–
–
951
(802)
(110)
Deferred tax assets
17
(1,580)
(217)
457
(4,078)
(561)
Other non-current assets
30,424
(198,746)
(27,348)
22,939
(206,343)
(28,394)
Accounts payable
11,459
(14,292)
(1,967)
31,838
(31,746)
(4,368)
Income tax payable
2,674
(42,533)
(5,853)
(3,719)
(36,497)
(5,022)
Deferred revenue
(14,062)
(15,268)
(2,101)
(22,873)
1,406
193
Accrued expenses and other current liabilities
(54,827)
121,547
16,725
(187,560)
64,747
8,909
Amount due to related parties
(272)
–
–
2,897
–
–
Deferred tax liabilities
48,397
14,410
1,983
82,517
379,421
52,210
Other non-current liabilities
(15,548)
103,500
14,242
(8,984)
127,393
17,530
Net cash provided by operating activities
827,742
475,229
65,395
1,278,816
875,399
120,458
Cash flows from investing activities:
Purchase of property and equipment
(11,010)
(199,842)
(27,499)
(21,244)
(244,018)
(33,578)
Payment for long-term investments
(9,000)
(5,250)
(722)
(9,000)
(5,250)
(722)
Purchase of short-term deposits
–
–
–
(497,342)
–
–
Cash received on maturity of short-term deposits
2,609,820
781,016
107,471
3,509,820
1,081,016
148,753
Cash received on investment income distribution
1,517
–
–
1,517
–
–
Purchase of long-term deposits
(1,350,000)
–
–
(1,350,000)
(718,860)
(98,918)
Cash received on maturity of long-term deposits
–
–
–
–
718,860
98,918
Cash received from sales of long-term investment
–
–
–
–
2,000
275
Other investing activities
947
298
41
1,685
683
94
Net cash provided by investing activities
1,242,274
576,222
79,291
1,635,436
834,431
114,822
Cash flows from financing activities:
Proceeds from exercise of share options
16
2
–
19
13
2
Payment in relation to the share repurchase program
–
(394,561)
(54,293)
(3,237)
(506,822)
(69,741)
Repurchase of subsidiary’s share options
(2,557)
–
–
(4,096)
–
–
Dividends payment
(937,249)
(716,302)
(98,566)
(937,249)
(716,302)
(98,566)
Proceeds from short-term borrowings
–
–
–
–
1,331,635
183,239
Repayment of long-term borrowings
–
–
–
–
(215)
(30)
Payment for redemption of convertible bonds
(2,114,224)
–
–
(2,593,010)
–
–
Net cash (used in) provided by financing activities
(3,054,014)
(1,110,861)
(152,859)
(3,537,573)
108,309
14,904
Effect of exchange rate changes
145,860
27,725
3,814
136,434
48,539
6,680
Net (decrease) increase in cash and cash equivalents
(838,138)
(31,685)
(4,359)
(486,887)
1,866,678
256,864
Cash, cash equivalents and restricted cash at the beginning of period
5,549,852
10,181,275
1,400,990
5,198,601
8,282,912
1,139,767
Cash, cash equivalents and restricted cash at the end of period
4,711,714
10,149,590
1,396,631
4,711,714
10,149,590
1,396,631
Hello Group Inc.
Reconciliation of Non-GAAP financial measures to comparable GAAP measures
(All amounts in thousands, except per share data)
1.
Reconciliation of Non-GAAP cost and operating expenses, income from operations, and net income to comparable GAAP measures.
Three months
Three months
Three months
Ended June 30, 2023
Ended June 30, 2024
Ended June 30, 2024
GAAP
Share-based
compensation
Non-GAAP
GAAP
Share-based
compensation
Non-GAAP
GAAP
Share-based
compensation
Non-GAAP
RMB
RMB
RMB
RMB
RMB
RMB
US$
US$
US$
Cost of revenues
(1,819,559)
1,552
(1,818,007)
(1,595,789)
1,796
(1,593,993)
(219,588)
247
(219,341)
Research and development
(214,649)
13,821
(200,828)
(193,168)
13,512
(179,656)
(26,581)
1,860
(24,721)
Sales and marketing
(356,525)
6,813
(349,712)
(364,769)
4,149
(360,620)
(50,194)
571
(49,623)
General and administrative
(124,787)
41,562
(83,225)
(121,482)
32,001
(89,481)
(16,716)
4,403
(12,313)
Cost and operating expenses
(2,515,520)
63,748
(2,451,772)
(2,275,208)
51,458
(2,223,750)
(313,079)
7,081
(305,998)
Income from operations
645,085
63,748
708,833
425,044
51,458
476,502
58,488
7,081
65,569
Net income attributable to Hello Group Inc.
568,395
63,748
632,143
397,785
51,458
449,243
54,737
7,081
61,818
Hello Group Inc.
Reconciliation of Non-GAAP financial measures to comparable GAAP measures
(All amounts in thousands, except per share data)
1.
Reconciliation of Non-GAAP cost and operating expenses, income from operations, and net income to comparable GAAP measures-continued.
First half year
First half year
First half year
Ended June 30, 2023
Ended June 30, 2024
Ended June 30, 2024
GAAP
Share-based
compensation
Non-GAAP
GAAP
Share-based
compensation
Non-GAAP
GAAP
Share-based
compensation
Non-GAAP
RMB
RMB
RMB
RMB
RMB
RMB
US$
US$
US$
Cost of revenues
(3,483,747)
3,187
(3,480,560)
(3,098,797)
3,678
(3,095,119)
(426,409)
506
(425,903)
Research and development
(451,452)
36,193
(415,259)
(385,359)
22,298
(363,061)
(53,027)
3,068
(49,959)
Sales and marketing
(736,311)
14,559
(721,752)
(658,200)
10,266
(647,934)
(90,571)
1,413
(89,158)
General and administrative
(263,085)
91,466
(171,619)
(252,863)
69,886
(182,977)
(34,795)
9,617
(25,178)
Cost and operating expenses
(4,934,595)
145,405
(4,789,190)
(4,395,219)
106,128
(4,289,091)
(604,802)
14,604
(590,198)
Income from operations
1,081,262
145,405
1,226,667
885,359
106,128
991,487
121,829
14,604
136,433
Net income attributable to Hello Group Inc.
958,684
145,405
1,104,089
402,969
106,128
509,097
55,450
14,604
70,054
Hello Group Inc.
Unaudited Condensed Segment Report
(All amounts in thousands, except share and per share data)
Three months
Ended June 30, 2024
Momo
Tantan
QOOL
Total
Total
RMB
RMB
RMB
RMB
US$
Net revenues:
Live video service
1,220,013
83,007
–
1,303,020
179,302
Value-added service
1,205,460
139,856
–
1,345,316
185,121
Mobile marketing
31,136
10,854
–
41,990
5,778
Other services
582
–
483
1,065
147
Total net revenues
2,457,191
233,717
483
2,691,391
370,348
Cost and expenses (ii):
Cost of revenues
(1,491,925)
(103,862)
(2)
(1,595,789)
(219,588)
Research and development
(151,180)
(41,988)
–
(193,168)
(26,581)
Sales and marketing
(301,121)
(62,473)
(1,175)
(364,769)
(50,194)
General and administrative
(112,387)
(8,978)
(117)
(121,482)
(16,716)
Total cost and expenses
(2,056,613)
(217,301)
(1,294)
(2,275,208)
(313,079)
Other operating income
8,858
1
2
8,861
1,219
Income (loss) from operations
409,436
16,417
(809)
425,044
58,488
Interest income
130,777
158
2
130,937
18,018
Interest expense
(32,493)
–
–
(32,493)
(4,471)
Other gain or loss, net
(34,625)
–
–
(34,625)
(4,765)
Income (loss) before income tax and share of income on equity method investments
473,095
16,575
(807)
488,863
67,270
Income tax expenses
(101,865)
(749)
–
(102,614)
(14,120)
Income (loss) before share of income on equity method investments
371,230
15,826
(807)
386,249
53,150
Share of income on equity method investments
11,536
–
–
11,536
1,587
Net income (loss)
382,766
15,826
(807)
397,785
54,737
(ii) Share-based compensation was allocated in cost of revenues and operating expenses as follows:
Three months
Ended June 30, 2024
Momo
Tantan
QOOL
Total
Total
RMB
RMB
RMB
RMB
US$
Cost of revenues
1,796
–
–
1,796
247
Research and development
9,325
4,187
–
13,512
1,860
Sales and marketing
4,149
–
–
4,149
571
General and administrative
31,998
3
–
32,001
4,403
Total cost and expenses
47,268
4,190
–
51,458
7,081
Hello Group Inc.
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report
(All amounts in thousands, except share and per share data)
Three months
Ended June 30, 2024
Momo
Tantan
QOOL
Total
Total
RMB
RMB
RMB
RMB
US$
Income (loss) from operations
409,436
16,417
(809)
425,044
58,488
Share-based compensation
47,268
4,190
–
51,458
7,081
Non-GAAP income (loss) from operations
456,704
20,607
(809)
476,502
65,569
Net income (loss)
382,766
15,826
(807)
397,785
54,737
Share-based compensation
47,268
4,190
–
51,458
7,081
Non-GAAP net income (loss)
430,034
20,016
(807)
449,243
61,818
Hello Group Inc.
Unaudited Condensed Segment Report
(All amounts in thousands, except share and per share data)
Three months
Ended June 30, 2023
Momo
Tantan
QOOL
Total
Total
RMB
RMB
RMB
RMB
US$[1]
Net revenues:
Live video service
1,443,602
145,247
–
1,588,849
219,112
Value-added service
1,329,310
170,172
–
1,499,482
206,788
Mobile marketing
31,670
5,316
–
36,986
5,101
Mobile games
2,606
–
–
2,606
359
Other services
9,459
–
304
9,763
1,347
Total net revenues
2,816,647
320,735
304
3,137,686
432,707
Cost and expenses (iii):
Cost of revenues
(1,658,335)
(160,651)
(573)
(1,819,559)
(250,929)
Research and development
(163,040)
(51,609)
–
(214,649)
(29,601)
Sales and marketing
(282,903)
(72,378)
(1,244)
(356,525)
(49,167)
General and administrative
(116,197)
(6,198)
(2,392)
(124,787)
(17,209)
Total cost and expenses
(2,220,475)
(290,836)
(4,209)
(2,515,520)
(346,906)
Other operating income, net
22,648
271
–
22,919
3,161
Income (loss) from operations
618,820
30,170
(3,905)
645,085
88,962
Interest income
114,946
358
17
115,321
15,903
Interest expense
(11,963)
–
–
(11,963)
(1,650)
Other gain or loss, net
4,565
–
–
4,565
630
Income (loss) before income tax and share of loss on equity method
investments
726,368
30,528
(3,888)
753,008
103,845
Income tax expenses
(164,541)
(1,428)
–
(165,969)
(22,888)
Income (loss) before share of loss on equity method investments
561,827
29,100
(3,888)
587,039
80,957
Share of loss on equity method investments
(19,439)
–
–
(19,439)
(2,681)
Net income (loss)
542,388
29,100
(3,888)
567,600
78,276
(iii) Share-based compensation was allocated in cost of revenues and operating expenses as follows:
Three months
Ended June 30, 2023
Momo
Tantan
QOOL
Total
Total
RMB
RMB
RMB
RMB
US$
Cost of revenues
1,437
115
–
1,552
214
Research and development
12,222
1,599
–
13,821
1,906
Sales and marketing
6,813
–
–
6,813
940
General and administrative
41,554
8
–
41,562
5,732
Total cost and expenses
62,026
1,722
–
63,748
8,792
[1] All translations from RMB to U.S. dollars are made at a rate of RMB7.2513 to US$1.00, the effective noon buying rate for June 30, 2023 as set forth in the H.10 statistical release of the
Federal Reserve Board.
Hello Group Inc.
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report
(All amounts in thousands, except share and per share data)
Three months
Ended June 30, 2023
Momo
Tantan
QOOL
Total
Total
RMB
RMB
RMB
RMB
US$
Income (loss) from operations
618,820
30,170
(3,905)
645,085
88,962
Share-based compensation
62,026
1,722
–
63,748
8,792
Non-GAAP income (loss) from operations
680,846
31,892
(3,905)
708,833
97,754
Net income (loss)
542,388
29,100
(3,888)
567,600
78,276
Share-based compensation
62,026
1,722
–
63,748
8,792
Non-GAAP net income (loss)
604,414
30,822
(3,888)
631,348
87,068
Hello Group Inc.
Unaudited Condensed Segment Report
(All amounts in thousands, except share and per share data)
First half year
Ended June 30, 2024
Momo
Tantan
QOOL
Total
Total
RMB
RMB
RMB
RMB
US$
Net revenues:
Live video service
2,370,857
170,704
–
2,541,561
349,730
Value-added service
2,354,745
284,947
–
2,639,692
363,234
Mobile marketing
49,029
19,556
–
68,585
9,438
Mobile games
432
–
–
432
59
Other services
1,016
–
525
1,541
212
Total net revenues
4,776,079
475,207
525
5,251,811
722,673
Cost and expenses (iv):
Cost of revenues
(2,884,749)
(214,046)
(2)
(3,098,797)
(426,409)
Research and development
(302,041)
(83,318)
–
(385,359)
(53,027)
Sales and marketing
(537,780)
(116,955)
(3,465)
(658,200)
(90,571)
General and administrative
(236,139)
(16,569)
(155)
(252,863)
(34,795)
Total cost and expenses
(3,960,709)
(430,888)
(3,622)
(4,395,219)
(604,802)
Other operating income
28,016
725
26
28,767
3,958
Income (loss) from operations
843,386
45,044
(3,071)
885,359
121,829
Interest income
251,735
305
4
252,044
34,682
Interest expense
(56,191)
–
–
(56,191)
(7,732)
Other gain or loss, net
(43,870)
–
–
(43,870)
(6,037)
Income (loss) before income tax and share of income on equity method investments
995,060
45,349
(3,067)
1,037,342
142,742
Income tax expenses
(658,944)
(1,283)
–
(660,227)
(90,850)
Income (loss) before share of income on equity method investments
336,116
44,066
(3,067)
377,115
51,892
Share of income on equity method investments
25,854
–
–
25,854
3,558
Net income (loss)
361,970
44,066
(3,067)
402,969
55,450
(iv) Share-based compensation was allocated in cost of revenues and operating expenses as follows:
First half year
Ended June 30, 2024
Momo
Tantan
QOOL
Total
Total
RMB
RMB
RMB
RMB
US$
Cost of revenues
3,674
4
–
3,678
506
Research and development
17,963
4,335
–
22,298
3,068
Sales and marketing
10,266
–
–
10,266
1,413
General and administrative
69,872
14
–
69,886
9,617
Total cost and expenses
101,775
4,353
–
106,128
14,604
Hello Group Inc.
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report
(All amounts in thousands, except share and per share data)
First half year
Ended June 30, 2024
Momo
Tantan
QOOL
Total
Total
RMB
RMB
RMB
RMB
US$
Income (loss) from operations
843,386
45,044
(3,071)
885,359
121,829
Share-based compensation
101,775
4,353
–
106,128
14,604
Non-GAAP income (loss) from operations
945,161
49,397
(3,071)
991,487
136,433
Net income (loss)
361,970
44,066
(3,067)
402,969
55,450
Share-based compensation
101,775
4,353
–
106,128
14,604
Non-GAAP net income (loss)
463,745
48,419
(3,067)
509,097
70,054
Hello Group Inc.
Unaudited Condensed Segment Report
(All amounts in thousands, except share and per share data)
First half year
Ended June 30, 2023
Momo
Tantan
QOOL
Total
Total
RMB
RMB
RMB
RMB
US$
Net revenues:
Live video service
2,733,320
284,869
–
3,018,189
416,227
Value-added service
2,522,854
338,097
–
2,860,951
394,543
Mobile marketing
51,691
6,366
–
58,057
8,006
Mobile games
6,305
–
–
6,305
869
Other services
12,596
–
446
13,042
1,800
Total net revenues
5,326,766
629,332
446
5,956,544
821,445
Cost and expenses (v):
Cost of revenues
(3,158,866)
(323,765)
(1,116)
(3,483,747)
(480,431)
Research and development
(332,348)
(119,104)
–
(451,452)
(62,258)
Sales and marketing
(595,543)
(138,230)
(2,538)
(736,311)
(101,542)
General and administrative
(244,275)
(13,944)
(4,866)
(263,085)
(36,281)
Total cost and expenses
(4,331,032)
(595,043)
(8,520)
(4,934,595)
(680,512)
Other operating income
58,126
1,125
62
59,313
8,180
Income (loss) from operations
1,053,860
35,414
(8,012)
1,081,262
149,113
Interest income
214,477
562
69
215,108
29,665
Interest expense
(22,378)
–
–
(22,378)
(3,086)
Other gain or loss, net
4,565
–
–
4,565
630
Income (loss) before income tax and share of loss on equity method investments
1,250,524
35,976
(7,943)
1,278,557
176,322
Income tax expenses
(286,183)
(2,399)
–
(288,582)
(39,797)
Income (loss) before share of loss on equity method investments
964,341
33,577
(7,943)
989,975
136,525
Share of loss on equity method investments
(32,914)
–
–
(32,914)
(4,539)
Net income (loss)
931,427
33,577
(7,943)
957,061
131,986
(v) Share-based compensation was allocated in cost of revenues and operating expenses as follows:
First half year
Ended June 30, 2023
Momo
Tantan
QOOL
Total
Total
RMB
RMB
RMB
RMB
US$
Cost of revenues
3,055
132
–
3,187
440
Research and development
25,392
10,801
–
36,193
4,991
Sales and marketing
14,554
5
–
14,559
2,008
General and administrative
91,450
16
–
91,466
12,614
Total cost and expenses
134,451
10,954
–
145,405
20,053
Hello Group Inc.
Reconciliation of GAAP and NON-GAAP Results of Unaudited Segment Report
(All amounts in thousands, except share and per share data)
First half year
ended June 30, 2023
Momo
Tantan
QOOL
Total
Total
RMB
RMB
RMB
RMB
US$
Operating income (loss)
1,053,860
35,414
(8,012)
1,081,262
149,113
Share-based compensation
134,451
10,954
–
145,405
20,053
Non-GAAP operating income (loss)
1,188,311
46,368
(8,012)
1,226,667
169,166
Net income (loss)
931,427
33,577
(7,943)
957,061
131,986
Share-based compensation
134,451
10,954
–
145,405
20,053
Non-GAAP net income (loss)
1,065,878
44,531
(7,943)
1,102,466
152,039
View original content:https://www.prnewswire.com/news-releases/hello-group-inc-announces-unaudited-financial-results-for-the-second-quarter-of-2024-302236454.html
SOURCE Hello Group Inc.
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October 19, 2026By
Initiative establishes new Gemini Frontier Capability Group, dedicating more than 18,000 engineers to help drive AI adoption for global enterprises.More than 55,000 associates completed Build with Gemini, the largest Gemini partner workshop held to date, part of a shared commitment to scale client execution through Cognizant’s Frontier Certified Engineers.
TEANECK, N.J. and SUNNYVALE, Calif., Oct. 19, 2026 /PRNewswire/ — Cognizant (Nasdaq: CTSH) and Google Cloud today announced a significant expansion of their partnership to accelerate the adoption of agentic AI, including a new Gemini Frontier Capability Group. The group brings together a dedicated global workforce that pairs Google’s full-stack, enterprise-ready AI platform with Cognizant’s domain, industry and engineering expertise as an AI Builder.
Backed by more than 18,000 dedicated Cognizant associates, the new group represents a substantial joint investment and builds on the momentum created by Cognizant’s dedicated Gemini practice launched in April 2026. The new group is designed to bridge the path from pilot to production, equipping enterprises with the ability to safely deploy resilient, enterprise-grade agents that can help drive measurable business value.
“Establishing our dedicated Gemini Frontier Capability Group lets our best frontier engineering talent focus entirely on getting frontier AI into production for clients,” said Ravi Kumar S, CEO of Cognizant. “Our Build with Gemini workshop gave over 55,000 associates that experience directly, earning them tangible skills on one of the world’s most advanced AI platforms, and this new group is where that experience goes to work every day.”
“Deploying AI agents at scale requires trusted partners with deep architectural and integration expertise,” said Thomas Kurian, chief executive officer, Google Cloud. “Cognizant’s dedicated Frontier Capability Group and their skilling initiative for tens of thousands of engineers on Gemini will help our joint customers accelerate the adoption of autonomous agents throughout the enterprise.”
Introducing the Gemini Frontier Capability Group
Designed to meet surging enterprise demand for scaled AI execution, the group aims to deliver production-grade, AI solutions designed to drive business outcomes for global enterprises by leveraging Gemini, Google Cloud’s AI platform for building, governing, and deploying agents. The group will initially concentrate its engineering capabilities across legacy modernization, developer experience, autonomous business process agentification and frontier cyber defense.
To operationalize these capabilities, the group plans to deploy standardized, security-first agentic architecture built on the Model Context Protocol (MCP) and fortified by Google Cloud’s Model Armor. These trusted frameworks are expected to power a new suite of collaborative, production-ready enterprise solutions, including Cognizant’s Catalog Support Agent (CSA) for retail, the Neuro® San-orchestrated Healthcare Agentic Marketplace, and multi-agent Order-to-Cash (O2C) workflows for manufacturing.
Scaling outcomes with Frontier Certified Engineers
Underpinning the group is a shared commitment by Google Cloud and Cognizant to scale client execution through Frontier Certified Engineers. One early proof point shows what this looks like in practice: by integrating Gemini AI models across its software development lifecycle, Cognizant helped a leading retailer achieve a 40% increase in developer productivity, reduce time-to-market by 30%, and realize a 35% cost savings, underscoring the transformative potential of AI-driven software engineering.
As part of Cognizant’s frontier certification skills drive, the company recently concluded the Build with Gemini workshop with Google Cloud, where Cognizant associates built AI agents and applications while earning Gemini skills credentials. Completed by more than 55,000 Cognizant associates, it is the largest single Gemini partner workshop held to date, representing a meaningful step in building Cognizant’s frontier-certified workforce.
Cognizant is also applying Gemini internally at scale. As announced in July, the company is deploying Gemini to 100,000 associates this year, with plans to scale up to 200,000, and continues to increase its certification commitment for professionals on the platform.
About Cognizant
Cognizant (Nasdaq: CTSH) is an AI Builder and technology services provider, bridging the gap between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization’s unique context into technology systems that amplify human potential, drive tangible outcomes and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.
About Google Cloud
Google Cloud offers a powerful, optimized AI stack — including AI infrastructure, leading models like Gemini, data management capabilities, multicloud security solutions, developer tools and platform, as well as agents and applications — that enables organizations to transform their business for the Agentic Era. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.
Cognizant media contacts:
U.S.
Name Ben Gorelick
Email benjamin.gorelick@cognizant.com
Europe / APAC
Name Sarah Douglas
Email sarah.douglas@cognizant.com
India
Name Vipin Nair
Email Vipin.nair@cognizant.com
Google Cloud media contact:
Josh Gunter
View original content to download multimedia:https://www.prnewswire.com/news-releases/cognizant-and-google-cloud-expand-alliance-to-accelerate-agentic-enterprise-transformation-302912036.html
SOURCE Cognizant Technology Solutions
Technology
Eczema Awareness Month 2026: What Is the State of Eczema Today?
Published
48 minutes agoon
October 19, 2026By
NEA pairs findings from its State of AD report with video stories from the community to highlight the data and daily realities of living with eczema
For Eczema Awareness Month 2026, NEA asks what living with eczema looks like today, drawing on the State of AD to bring national data and personal stories together.
The State of Atopic Dermatitis Indicator Report and 51 state-level briefs, published Oct. 1, are available at StateofAD.org.
Video stories from people with eczema and their caregivers share what daily life with the condition is like. Join the conversation with #UnhideEczema.
NOVATO, Calif., Oct. 19, 2026 /PRNewswire/ — Eczema Awareness Month 2026 is underway, and this year’s theme is the State of Eczema. Since Oct. 1, the National Eczema Association (NEA) has been inviting the community to see, share and talk about what living with eczema is like. Throughout October, NEA is asking a question for the more than 31 million Americans living with eczema, and those who care for them: what is it like to live with eczema, and what does it take to get good care?
The theme builds on the State of AD, NEA’s four-year initiative on atopic dermatitis (AD), funded by the Centers for Disease Control and Prevention (CDC). It brings together two kinds of evidence, national data and the experiences of people with eczema, to offer a more complete view of the condition.
The State of AD: data that backs up the experience
On Oct. 1, NEA published its State of Atopic Dermatitis Indicator Report, along with 51 state-level briefs covering all 50 states and Washington, D.C. AD is the most common form of eczema. The report is the first comprehensive national and state-level baseline on AD diagnosis and care, and it points to gaps across the country. The complete report and all state briefs are available at StateofAD.org.
“Eczema Awareness Month is about making sure people feel seen. The State of AD gives us the evidence to show that eczema deserves attention in every state, and the stories our community is sharing show why it matters. Together, they tell the whole story,” said Kristin Belleson, president and CEO of NEA.
Video stories: eczema in their own words
Alongside the data, NEA is sharing video testimonials from people living with eczema and the caregivers who support them. The data shows the scale of the need, and the stories show the people behind it. Watch the stories at EczemaMonth.org.
Ways to take part this October
NEA invites people with eczema, caregivers, health care professionals and partners to join the conversation:
Watch and share the video stories from the eczema community.
Explore the State of AD report and your state’s brief at StateofAD.org.
Use #UnhideEczema on social media to share your own experience.
Visit EczemaMonth.org for resources, events and more ways to get involved.
NEA thanks all the sponsors and partners who make Eczema Awareness Month possible, including our Platinum Sponsors: AbbVie, all® free clear, LEO Pharma, and Sanofi and Regeneron.
Frequently Asked Questions (FAQ)
Q: What is Eczema Awareness Month?
A: Eczema Awareness Month takes place every October. In 2026, it is centered on the State of Eczema, bringing together national data and personal stories from the eczema community.
Q: What is the State of AD?
A: The State of AD is a four-year initiative funded by the CDC. Its foundation is the State of Atopic Dermatitis Indicator Report and 51 state-level briefs, published Oct. 1, which set a national and state reference baseline on AD care and diagnosed prevalence.
Q: Where can I find the State of AD report?
A: The full report and all state briefs are available at StateofAD.org.
Q: How can I take part in Eczema Awareness Month?
A: Watch and share the stories, explore the report and use #UnhideEczema on social media.
The State of AD project was supported by the Grant or Cooperative Agreement Number 1 NU58DP007726-01-00, funded by the Centers for Disease Control and Prevention (CDC). Its contents are solely the responsibility of the authors and do not necessarily represent the official views of the Centers for Disease Control and Prevention or the U.S. Department of Health and Human Services.
About the National Eczema Association
Founded in 1988, the National Eczema Association (NEA) is a 501(c)(3) nonprofit and the largest patient advocacy organization serving the more than 31 million Americans living with eczema and those who care for them. NEA provides programs and resources to elevate the diverse lived experience of eczema, helping patients and caregivers understand their condition, actively engage in their care, find strength in one another and improve their lives. NEA also advances critical eczema research and partners with key stakeholders to ensure the patient voice is represented and valued in education, care and treatment decision-making. Learn more: NationalEczema.org
View original content to download multimedia:https://www.prnewswire.com/news-releases/eczema-awareness-month-2026-what-is-the-state-of-eczema-today-302912799.html
SOURCE National Eczema Association
Technology
In HelloNation, Electrical Expert Brennan Coffey Explains Why a Circuit Breaker Keeps Tripping
Published
49 minutes agoon
October 19, 2026By
The Article Explains Common Reasons a Circuit Breaker Trips and When the Pattern Signals a Bigger Problem.
SCHENECTADY, N.Y., Oct. 19, 2026 /PRNewswire/ — Why does a circuit breaker keep tripping? A HelloNation article answers that question and breaks down the most common reasons behind the problem.
The article explains that every circuit is built to carry a set amount of power safely. A circuit breaker cuts power once that limit is crossed, protecting the wiring from overheating before real damage occurs.
Each breaker in the panel protects one specific circuit, the article notes. An overloaded circuit will usually trip only its own breaker, not the entire panel. Homeowners often notice the pattern happens at predictable moments, like running a microwave and a toaster together.
According to the article, an overloaded circuit is one of the most common reasons a breaker trips. This often happens when several appliances draw power from the same outlets at once.
The article notes that kitchens are frequent trouble spots, since they run several high draw appliances from a limited number of outlets. Spreading large appliances across different circuits often solves the problem on its own.
A short circuit or a ground fault can also cause a circuit breaker to trip, the article explains, and both tend to act faster than a simple overload. A short circuit happens when a hot wire unexpectedly touches another wire.
A ground fault usually involves contact with a grounded surface, often because of moisture nearby. The article points out that GFCI outlets add protection in bathrooms and kitchens, though a standard breaker can still trip when a fault occurs elsewhere on the same circuit.
Newer homes may also have arc fault breakers, which sense the electrical pattern of an arc rather than a simple overload. These devices catch a hazard tied closely to house fires.
The article adds that an aging breaker can be the source of trouble in its own right, especially in a panel older than twenty years. Electrical Expert Brennan Coffey leads Coffey Electric & Generator, serving homeowners throughout the Schenectady area.
Homeowners should never open a panel cover or inspect breakers beyond resetting a switch, the article warns, since the panel carries live current even when a breaker has tripped. Forcing a stubborn breaker back on can let dangerous heat build inside the wall.
A breaker box that feels warm or shows scorch marks needs more urgency than routine tripping. That kind of heat points to trouble well beyond a simple overload, the article cautions.
The article suggests tracking when and where trips happen to spot a pattern before calling for help. Noting which appliances were running, and how often the issue repeats, gives a professional a useful starting point.
Waiting too long to address repeated trips can let a small issue grow into a larger and costlier one, the article explains. Addressing the pattern early tends to save both time and money down the road.
Electrical Expert Brennan Coffey is featured in the article, which advises against repeatedly resetting a breaker that keeps tripping without a clear cause. A licensed electrician can identify the underlying issue and determine what the repair actually requires.
Why Does a Circuit Breaker Keep Tripping? features insights from Brennan Coffey, Electrical Expert of Schenectady, New York, in HelloNation.
About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused digital publications and innovative “edvertising” approach, HelloNation delivers expert-driven, good-news content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.
View original content to download multimedia:https://www.prnewswire.com/news-releases/in-hellonation-electrical-expert-brennan-coffey-explains-why-a-circuit-breaker-keeps-tripping-302912791.html
SOURCE HelloNation
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In HelloNation, Electrical Expert Brennan Coffey Explains Why a Circuit Breaker Keeps Tripping
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