We Hello, my XX everyone. is anniversary in It pleasure call. August. join early today's celebrated Momo’s conference to
countries As old past multi-brand great grown is decade XX-plus a is company a great a family, function a to and with several to over has the and Momo from a colleagues. founding team see a app regions. the member return to the next and listed Hello how single it years in new to presence social to It welcome with era honor the of Group pleasure
Next, details through quarter. walk I second the the of you will
performance. So with I will start overview a our financial of brief
XX% million, XX% was business. second margin X% was of XX.X%, of stabilization RMBXXX RMBX.XX year-on-year and group cow the the income the from operating XX% earlier first since mainly quarter-over-quarter. delivered Momo’s up the up recovery year substantial XXXX, revenue to year-over-year points due last quarter our ago, For Adjusted guidance. percentage increase of points billion, pandemic and with X the QX, three growth years and a of of total and year-over-year percentage sequentially, In X up QX beginning exceeding cash a we quarter-over-quarter
Tantan to profitability in due even. to contributable mainly and of cost was cash and business mainly Momo working increase cow initiatives was profit. profitability in effective improvement in sustainable improvement control year-on-year Momo's sequential the The significant The performance our
and and was X margin XX% XX% a with of XX% quarter-over-quarter. app billion, Momo and Total points revenues adjusted year-over-year year-over-year year-over-year apps and X% up from XX%, a up sequentially, RMBXXX the and X increase million, percentage significant new was income RMBX.XX up percentage standalone of operating quarter-over-quarter
of first Tantan at operation. year-over-year, operating the second revenue down Tantan pleased delivered X% beginning We productivity Total up and are the in as this normal to managed RMBXXX from profitability strong in came quarter-over-quarter. that quarter. X% to the improve very stable over year its decade our cash cow business its see and maintained has of profit after at million,
Adjusted for and XX%, quarter an compared previous million income margin of the was adjusted the operating of with representing year of RMBXX.XX adjusted in a [RMBXX.XX] million, Tantan RMBXXX for million (ph) last operating quarter. QX in income operating loss
progress Now I Tantan at relatively three our will strategic the app, Momo, discuss endeavors. which priorities mature our with and and the Momo lines, business this in new Starting a stage. is
cash this optimize a user keep stable, cost Momo to for structure the productivity goal since Our and beginning continue the of the low the year of scale to cow very business maintain year. is
has recovery financial optimizing progress better-than-expected unitization operations, in [Indiscernible] good and and and features average Our [Indiscernible] cash results. staff team scale made studies in performance monetization efficiency, improved product introducing of new
Now you details. the through I'll walk
focus Firstly, timely social the interactions the and our product beginning of monetization providing year, face stabilized, efficiency. has core operation efforts around on of the the been and our content is on more operational users The and product both since supply. improve funds enriching
well as value On user the efforts front, assessing lifetime product on have by focused driven LTV, as the of and channel operations. we or channel joint our ROI, strategically
growth product million the has X.X Momo's second trend value our of after focus previous SoulChill The the in of rate with of is paying on reason strong the high-quality acquisition for users the that user main retention remains and by to recovery [Indiscernible] the continues from quarter. core The level, paying retention proven number has steady Chinese user tilted in Quarter. which users. users continued next-day Year New returned in pace. increased user Momo's XXX,XXX the the towards its as normal to pre-pandemic The
maintain Our quality has the business productivity. which been for foundation gradually overall user lays improving, to cow solid cash its
commercial strategic of Momo to a history stabilize last optimize is decade a is current mentioned Yan scale, priority Tang quarter, costs and productivity. user ensure our than is more a since firm with As
has to sales investors decided growth unless on focus of is overall scale to the -- operating basis Momo's there We user for the quarterly a expect a we metric should We at significant on believe rather our no in such the therefore, level, number is when user the data driving growth. longer MAU evaluating paying most performance. disclose our longer profitable meaningful operation focus Therefore, priority change KPI no of users mobile pursuing and user that base. shifted MAU, investors. operational have from
let's through Second the In growth. mainly top cash billion, promo up Now productivity and are due year-over-year XX% users the events the The RMBX.XX increase to increase revenue cow and our paying the Momo's business. X% was in high sequentially. the significant users, Quarter, number in was by streaming and go of revenue overall live growth of operational people growth new gamified driven features Momo's
QX, broadcasted shows to ratio one-off a previous Chinese after offer New to resume the lower In was Year. of streaming the quarter, incentive the revenue quarter, live second than live sharing because the in mainly we
forecasted. is As stable, effective adjustment no we believe structure the the revenue significant There supply needed. is side current is to remains incentivize enough policy sharing
RMBX.XX the the quarter VAS totaled In Momo sequentially. app XX% year-over-year XX% revenue Tantan, up VAS and revenue, totaled second billion, excluding from quarter-over-quarter. up and X% year-over-year RMBX.XX X% billion, up
in last the While a the revenue yet improved pressure from year-over-year number in to the had offset The paying the million, same level standalone Momo year-on-year users XX% decline users. reason of paying XX% ago, significantly RMBXXX year revenue the app toward declines up year. and main period is ARPPU was sequentially. that Meanwhile, revenue to partially the recover from from of the in
team integrating the increase in both products in The in beginning user efficiency. count. sequential year, Since with our the improvement by ARPPU VAS to and driven products has commercial of normal the revenue improve paying user monetization was
also user added example, combined only experience room points ARPPU. uses new This experience, and post. algorithm the optimizing For features of recommendation expanding of sequential video-based improve higher enjoy similarly nearby growth behavior. not our expansion chat entry studies, such and we with access as several features to social entertainment paying The drove audio penetration the of increase can in which experience and people the
let's review Tantan's So performance.
that develop cycle. to achieved for Our is for pursue monetization which is business on positive culture. strategic the of are At of the the sustainable and dating we to and step goal, breakeven. Asian the our year overall strategic beginning In the first achieve suitable of back order goal for the year, breakeven suitable growth the product Tantan models to
product However, in growth need breakthrough user user of both terms make and still funds. to further commercial we on
Chinese trough. base last after As mentioned Year quarter, recovered the gradually Tantan user New
order healthy maintain in an June, to activity In and in user ecosystem Tantan was a adjustment stringent the MAUs in a by compared quarter. to million activities, launched the user we attacked large-scale which process. March. play which scamming campaign, the well dating as registration in to pandemic XX.X stable can spring second XX% of the resulted entering However, as anti-spam decrease us main after issues that
sequentially. stable QX, base, decline was end X.X the of net the whereas due previous of a of from the As users, decrease million user paying in had conversion quarter. paying The remained decrease XXX,XXX to Tantan
but So down financials. year-over-year, the now RMBXXX quarter was moving on to revenue up X% for Total Tantan's million sequentially. second X%
users of in large although experienced NP last XX-months revenue spend team's the During paying the limited and the to spend to declined number to Tantan's on decrease due improve base ago, a platform the a marketing initiatives, efforts scale, has such user pandemic as factors reduction due the a ARPU.
X% operating revenue quarter million, RMBXXX second up The staff in quarter-over-quarter. RMBXX.XX loss optimize resulting the of At same -- costs sequentially. continue expenses sequential to infrastructure, RMBXXX in Live million, and million. to X% the to we second was growth time, a and up streaming related quarter was revenue income
quarter. the progress to share like would priorities during strategic against I Now our Tantan's
beginning achieving since our the results strategic the respect breakeven. with of of year, good So our delivered has team priority to
in due is monetization. to efforts primarily both this our and So marketing
in in increase June, due acquisition channel firstly, shopping front, e-commerce on the impact costs. the So intensified a competition the the resulting of quarter, festival in marketing unit in second to quarter-on-quarter
times, acquisition competition optimization the the and thanks our to tried channel awarding system. team limit during peak adjusting strategy Our our the unit channel data by structure feedback and cost to of in channel increase
stable increased quarter. the costs. unit increase Our sequential despite significantly acquisition new The ROI the remained ARPU from channel in previous
the basis closely costs almost user increased on to channel adjust ARPPU ROI improving the year-over-year a second will to plan by continue increased almost in to users and user continue focus we XX% In of unit new by monitor XX%. acquisition is QX investments acquisition channel half accordingly. and The XXXX, year, efficiency. On
we will carefully resource and by advertising selecting materials. further with we improve unitization KOLs addition, optimizing In the work
driving experience team role over positive and new growth. results year paying Gold features front, driving past good optimizing and membership growth. delivered monetization last continuously On our commercial ARPU end the product of has ARPU service Black paying in play launching the the the at launched The existing and a year
experience. product Black increase new service significantly paying dating privileged continued effectively further as Tantan’s features year team premium drove In the and has exposure to enhance ARPU ARPPU (ph) past our quarter, [efficiently] a the that of the more improve matching and increased can provided growth. In added package second the we Gold privilege effectively user
follow use will we the the exposure products. of path forward, new by while Moving commercial adding increasing cases
example, process driving and introducing acquisitions, providing privilege efficiency based for members of members first-half for optimize has high-quality the drive experience the and rates. matched improving made with will feedback non-interference For for auction. in algorithm on exclusive good improve user user people we renewal members, female Overall, year, progress female team users our in to matching the the and growth. our Meanwhile,
ARPU We increasing Tantan and happy that see are achieve to to the breakeven. in cost decrease able
we haven't terms business key substantial breakthrough that and in or Tantan cycle is such a drive made innovation in However, to achieve growth have user innovation sustainable admit the of we growth. on positive commercial product any to for products, breakthrough significant any
serious activities stemming negative second the of During outbreak on impact a on Tantan the the created ecosystem. quarter,
team its main So campaign. the has focus anti-spam our on efforts product to
testing In engagement users, we two, product quarter experience female improve to started retention. and
user However, continue preliminary will operation product data product based In feedback, life further other the iterations. our and need to mechanisms our to of this second-half improve and and [transcend] year, female (ph) optimize explore social core experience the team user the do on match retention.
and in our terms Momo games the deliver profit enrich revenue us overseas product here endeavors, push total stand-alone long-term the social sequentially. product Egyptian including to and currency. In domestic quarter, and on app, the slower of was product, year, of year-over-year up growth to impact temporary track due the the is new goal second Tantan portfolio, Lastly, RMBXXX and and beginning social backed Chinese the XX% New beyond growth boundaries the the earthquake overseas of of for sequential oriented [Indiscernible]. the domestic after Year for Revenue in product the the and evaluation group. in at our engine Revenue million, XX% Turkey was growth
sentiment quarter, Egypt in In the team affluent second Turkey eastern shift focus markets. recover, is to our consumer from several middle market
rapidly, which revenue. paying of product overseas the products social number With our to in the and sequential led compliance channel efforts increase users teams, of increased of significant
and by our addition, the the cost revenue operations. leverage, In overall margin expense net to ratio sequentially. and operating team Thanks improved fine-turning items revised sharing optimized
a As net result, faster revenue. much grew than income the
the that much overseas still our room we As and and we to markets investments profit for revenues into have Africa growth. drive in East in realize we market, increased products Therefore, North assisted while growth. dive deeper the emerging second Middle rapid quarter,
several in expansion MENA our area. to so We the new try to our OEM far also replicate test overseas both user tested success our base further. product ROI in We'll
With our in attracting service. value-added expertise monetizing attributes social users and through through
contribute We to are the a revenue sizable hopeful profit will group foreseeable that future. this new and product in
This concludes my remarks.
the Cathy, pass to Cathy Now financial the call over for will I review. please.
