Category: 3. Business

  • Major Turing computing award goes to quantum science for first time

    Major Turing computing award goes to quantum science for first time

    Charles Bennett (left) and Gilles Brassard pose for a photograph next to a cryptography quilt. Credit: Lise Raymond

    Gilles Brassard and Charles Bennett have been awarded the A. M. Turing Award “for their essential role in establishing the foundations of quantum information science and transforming secure communication and computing”. The two will share the US$1-million prize, the Association for Computing Machinery in New York City announced on 18 March.

    The two winners have seemingly unrelated research backgrounds: Brassard is a computer scientist at the University of Montreal in Canada, and Bennett is a physicist at IBM Research in Yorktown Heights in New York.

    This is the first time that the Turing Award, often described as the most prestigious prize in computer science, has recognized work related to quantum physics. Bennett and Brassard — partly through joint work — began to investigate the power of phenomena that could go beyond what’s possible with non-quantum, or ‘classical’, methods of information technology as far back as the 1970s. “People thought it was just a little crazy,” says Bennett. “It didn’t occur to people that quantum effects could be used to do things that couldn’t be done classically.”

    Brassard says the accolade made him “extremely happy”. “Had I been asked to choose one recognition at any point in my career, it would have been the Turing Award,” he says.

    Bennett and Brassard “played a very big part in establishing the foundations of quantum information”, says Stephanie Wehner, a quantum-communications researcher at Delft University of Technology in the Netherlands. “Quantum information is more than a vehicle for classical information. We can do things with it that don’t have a classical analogue.”

    Bennett and Brassard’s work not only initiated a whole field of technological development, but it also fed back into researchers’ understanding of the Universe, says Jonathan Oppenheim, a theoretical physicist at University College London. Bennett and others have used quantum information as a tool for investigating some of the most nagging problems about black holes, for example. “This whole revolution of quantum information theory is really bringing insights into the physical world,” Oppenheim says.

    Quantum encryption

    The two winners’ work took inspiration from the late 1960s work of the late physicist Stephen Wiesner. Wiesner had pioneered the idea that the quantum ‘weirdness’ of particles such as photons — which had been seen as a potential nuisance for applications — could be put to good use.

    In 1984, Bennett and Brassard developed the first concept of a quantum encryption key1 — one that the sender of a message could share with the receiver in a stream of photons. They showed that any device trying to intercept that stream would destroy the information stored in the photons, thereby revealing that the transmission had been intercepted. Later that decade, Bennett led a team at IBM that first demonstrated technique experimentally.

    Another breakthrough came in 1993. Starting from one of Bennett’s ideas, a team comprising Bennett, Brassard and four other researchers developed the concept of quantum teleportation2. It relies on the phenomenon of quantum entanglement, in which two particles share a quantum state even when moved far apart from each other. In teleportation, two entangled particles — one owned by a sender and the other by a receiver — can be used as a conduit to transport quantum information from the sender to the receiver.

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  • New Research Reveals the Scale of Cyber Risk Facing UK SMEs – Samsung Newsroom U.K.

    New Research Reveals the Scale of Cyber Risk Facing UK SMEs – Samsung Newsroom U.K.

    • UK SMEs face a combined estimated loss of up to £100k annually due to un-budgeted security fixes and malware recovery

    • One in five small businesses would be forced to close their doors within three months in the event of a cyber breach

    • Despite the risks, 58% connect to free public Wi-Fi with 15% accessing sensitive work documents whilst connected

    • Samsung has launched the Galaxy S26 Ultra Enterprise Edition as the answer to shaky cyber security in the workplace. The AI-powered phone for business is engineered to serve as a fortress for SME’s data

    New research has revealed one in five SMEs would have to close their doors within three months if they experienced a data breach, estimating that a cyber security attack would cost them up to £100k in lost revenue and fines.

     

    A poll of 1,000 SME business owners has highlighted issues around data security in the UK workplace, with 21% of businesses describing their current approach to security as reactive rather than proactive.

     

    The research also reveals how modern working habits may increase exposure to sensitive data, with nearly a third (32%) of SME employees working from coffee shops and almost a quarter (24%) working from public transport at least once a week.

     

    In these environments, 36% say they’ve been able to clearly read sensitive emails or messages on someone else’s screen, while a quarter admit they have peeked at a stranger’s device.

     

    The research comes as Samsung launches the Galaxy S26 Ultra Enterprise Edition, engineered with security and privacy at its core. The device features the world’s first built-in Privacy Display[1] on mobile to narrow the viewing angle and shield your data from prying eyes, alongside government-grade Samsung Knox security to safeguard businesses against threats.

     

    To help businesses turn the tide, former cyber security expert and 2026 Traitors winner, Stephen Libby, has appeared in a new video that brings to life the invisible threats lurking in and outside of the office.

     

    Stephen comments: “Cyber security breaches are a massive issue for any business, and this traitorous behaviour can especially effect SMEs. A single incident can disrupt operations or even force business to close. With so much work now happening on phones, it’s crucial that businesses make sure they’re using devices with strong built-in security and privacy protections to keep sensitive information safe.”

     

     

    Business owners say they’re aware of threats like phishing and scam messages (88%), malware (84%), unauthorised apps (53%), rooting/firmware tampering (32%) and snooping (29%). Yet one in five admit they wouldn’t know if their device had been compromised, and 58% say they download apps or software to work devices without checking security permissions first.

     

    Annika Bizon, Mobile Experience VP of Product and Marketing, Samsung UK & Ireland comments: “Small and medium businesses are the backbone of our economy, yet they are increasingly targeted by cyber criminals because they often lack enterprise-grade protection.

     

    “Technology should help level the playing field. By building advanced security directly into the Galaxy S26 Ultra Enterprise Edition, from Samsung Knox security and our Privacy Display technology, we’re helping businesses with the tools to stay proactive and protect sensitive data wherever work happens.”

     

    Despite over half (55%) of SMEs being more aware of cyber security following recent high-profile breaches, a staggering 69% revealed that they have no allocated funds or insurance to cover an incident, further emphasising the need for tighter security practices in the workplace.

     

    Top reasons for cyber security breaches affecting SMEs in the last 12 months:

     

    1. Phishing scams
    2. Not having enough protection in place
    3. Lack of staff training
    4. Third party or supplier issues
    5. Remote or home working vulnerabilities

     

    Although many blame breaches on phishing and staff awareness, 67% of SMEs haven’t introduced new cyber security measures in the past year. Worse still, 45% provide no training at all, so employees miss the warning signs of phishing and early malware, leaving businesses exposed.

     

    While 43% say they feel watched or uncomfortable handling sensitive documents in public, a third (31%) still never use a physical privacy screen to protect their data. Mobile devices are also central to modern working habits, with three quarters (74%) using their mobile for work, yet almost half (49%) say cyber security isn’t a top priority when choosing a device.

     

    Meanwhile, 58% connect to free public Wi‑Fi, with 15% admitting they access sensitive work documents while connected.

     

    The Galaxy S26 Ultra Enterprise Edition comes as the answer to shaky cyber security in the workplace. The AI-powered phone with Personal Data Engine[2] is designed to serve as a fortress, encrypting data and saving it onto your device with KEEP and Knox Vault, making it harder for anyone else to gain access to your personal data.

     

    [1] Requires manual activation in settings to function. Privacy Display feature is not AI-powered.

    [2] Personal Data Engine is exclusive to Samsung native apps and is not applicable to third-party applications. Personal Data Engine recognises 20 languages and certain accents/dialects. The Personal Data Intelligence menu must be switched on. Analysed data will be deleted once the Intelligence menu is turned off.


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  • Commvault Extends Enterprise Resilience to Structured and AI Data with Real-Time Governance Controls

    Commvault Extends Enterprise Resilience to Structured and AI Data with Real-Time Governance Controls

    Expansion of Data Security Posture Management and real-time Data Access Governance, powered by Satori, helps security teams reduce AI and cloud data risks

    TINTON FALLS, N.J., March 18, 2026 /PRNewswire/ — Commvault (NASDAQ: CVLT), a leader in unified resilience at enterprise scale, today announced an expansion of its data and AI security capabilities within Commvault Cloud, enabled via its recent acquisition of Satori. The advancements extend data discovery, classification, and risk assessment into structured data environments and introduce real-time access governance for structured databases, including vector databases used in AI applications. These innovations expand Commvault’s existing data security posture management (DSPM) functionality for unstructured data, while data access governance adds real-time control of structured data access.

    These advancements also unify visibility by identifying sensitive data, surfacing exposure and policy violations, and consolidating risk insights to help organizations prioritize remediation based on impact. This yields improved resilience, prioritized risk remediation, support for compliance, and reduced data exposure to strengthen resilience across both production and backup data.

    In the face of evolving threats, sensitive or regulated data continues to be a key target for cyberattacks. In fact, 90% of organizations have exposed sensitive data that can be surfaced by AI,1 while a separate study uncovered that 46% of all breaches involve customer personally identifiable information (PII) and 40% involve employee PII.2 Without comprehensive discovery, classification, and access controls, that sensitive data can be stolen by bad actors, increase the risk of security breaches and non-compliance with privacy regulations, and complicate recovery efforts.

    The Commvault Cloud platform delivers broad data discovery, classification, and policy enforcement across structured, semi-structured, and unstructured data in hybrid and multi-cloud environments. The new advancements include:

    • AI-enabled classification capabilities: Automatically identify and classify sensitive data across the enterprise, highlighting environments with high concentrations of sensitive data, excessive access, or data that has been retained longer than intended.
    • Data access governance: Monitor and control how structured data is accessed and used, helping to reduce the risk of data leakage, including via AI models or generative AI outputs.
    • Enhanced resilience via Commvault Cloud: Unifying data visibility and access controls directly into cyber resilience and cyber recovery workflows enables organizations to reduce data risk before an incident and recover more effectively afterward.

    “As organizations expand into cloud and AI-driven environments, sensitive data is increasingly distributed across structured and unstructured systems,” said Yoav Cohen, Vice President of Product Management at Commvault and Co-founder of Satori. “Without clear visibility and real-time access controls, that data can become overexposed and difficult to manage. By extending discovery and governance into structured data environments, we are helping organizations reduce unnecessary exposure and strengthen resilience across both live and backup data.”

    “As enterprises race to scale AI, data governance is emerging as a critical gap. Legacy data security tools weren’t built for environments where AI models can inadvertently expose sensitive information buried in vector databases and cloud data warehouses,” said Jennifer Glenn, Research Director, Data and Information Security, IDC. “Unifying the convergence of data security posture management and cyber resilience equips CISOs and CIOs with the tools they need to manage AI-driven risk across their expanding AI footprint.”

    Availability
    Data access governance capabilities focused on real-time control of structured data access are available today via single sign-on from Commvault Cloud. It is also commercially available as an add-on to any Commvault Cloud package.

    Structured data discovery and classification capabilities within Commvault Cloud are targeted for general availability (GA) in late summer 2026. These capabilities extend Commvault’s DSPM functionality for unstructured data, which is available today as part of the Commvault Cloud Platinum package or as add-ons to other tiers. Pricing details for the structured data capabilities will be announced closer to GA.

    Join Commvault at RSAC 2026
    Commvault’s latest data and AI security offerings take center stage at this year’s RSAC Conference (Booth #S-0634) from March 23-26 in San Francisco. Show attendees can grab a ringside seat for the ResOps Rumble where resilience and operations join forces to deliver unified cyber recovery, identity resilience, and data security. Register today for ransomware recovery demos and sessions, expert insights on data security, identity resilience and clean recovery, and the ultimate prize – unified resilience for your organization.

    About Commvault
    Commvault (NASDAQ: CVLT) is a leader in unified resilience at enterprise scale. In a constantly evolving threat landscape, Commvault keeps customers ready by unifying data security, identity resilience, and cyber recovery, on one cloud-native, AI-enabled platform. Customers trust Commvault to conduct the fastest, most complete recoveries – not just their data, but their entire business. Purpose-built for the agentic enterprise, Commvault also enables organizations to safely embrace AI while protecting against AI-driven threats.

    1 Varonis. (2025). State of data security report 2025: Quantifying AI’s impact on data risk. https://info.varonis.com/en/state-of-data-security-report-2025
    2 Michalowski, M. (2026, January 7). 60+ key data breach statistics for 2026. Spacelift. https://spacelift.io/blog/data-breach-statistics

    SOURCE COMMVAULT

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  • Kroll Cyber Resilience Maturity Research Report | Cyber and Data Resilience

    Kroll Cyber Resilience Maturity Research Report | Cyber and Data Resilience

    Key Takeaways

    • Cyber risk is widely acknowledged, but alignment is lacking. While 94% of organizations view cybersecurity as a primary business risk, 72% report frequent misalignment between cybersecurity efforts and broader business priorities
    • Budget decisions are increasingly centralized, despite a knowledge gap. Nearly half of businesses (48%) say the CEO now makes the final decision on cyber budgets, however 43% reported limited cyber literacy amongst executives
    • Investment in cloud and third-party security is set to rise by 59%, yet there are no planned increases, and in some cases declines, in funding for the most frequent and fastest-growing areas of risk: people and identity

    New York, NY – Kroll, the leading independent provider of global financial and risk advisory solutions, today released global cyber resilience research findings revealing a critical gap between organizations’ perception of their cyber preparedness and their actual capability to defend against, and recover from, sophisticated attacks. This gap is being driven by misalignment between the C-suite and cyber decision-makers. This disconnect is costly, as organizations face a yearly average of $2.2 million in recovery costs and downtime from cyber incidents.

     

    The Misalignment Problem: Strategy vs. Execution

    Investment in cybersecurity is rising across the board as the majority (80%) of organizations have increased budgets in 2026. However, the bulk of the investment is not set to prioritize the technology that will protect against the most common attack vectors which target people, credentials and internal processes.

    • 59% of organizations are increasing spending on cloud and third-party security. Yet identity-based tactics like phishing (39%) and business email compromise (28%) are experienced most by businesses.
    • Crucial proactive security measures appear to be dropping in the order of priority with organizations cutting, or not investing further budget, in red and purple teaming (55%), identity access management (IAM) controls and zero-trust architecture (52%).
    • Nearly half (48%) of businesses say the CEO now makes the final decision on cyber budgets. However, limited cyber literacy among executives (43%) is reported as a barrier for aligning business strategy with cyber priorities.

     

    Overestimation of Resilience

    While most organizations believe they are prepared for cyber threats, their actions tell a different story:

    • While 99% of organizations have an incident response plan, only 3% only update them after a cyber incident. Plans become static documents, not living tools refined by experience.
    • Only 10% of organizations have achieved “very high” cyber maturity. However, those with higher maturity experience 50% less financial impact per dollar of revenue when cyber incidents occur.
    • 36% of organizations acknowledge gaps in how threats are prioritized, with differing risk tolerance (51%) cited as the leading cause.
    • 72% of organizations believe they can respond to an incident within 1-24 hours. Independent research from CrowdStrike shows that attackers establish a foothold in just 29 minutes. By the time most organizations mobilize a response, attackers have already moved laterally through the network.

    Tiernan Connolly, Managing Director of Cyber and Data Resilience, Security Advisory at Kroll, says, “Board-level executives are often shocked by how one vulnerability or compromised system can cascade into a company-wide business interruption. They may understand the risk intellectually, but it rarely resonates operationally until they experience the impact firsthand. Until an actual incident forces that awareness, cyber budget line items tend to be treated as checking a box rather than being a strategic priority to protect, restore and maximize business value. Understanding business interruption as a core consequence, and directly linking it back to proactive controls, is how CISOs and security teams avoid reaching that costly breaking point.”

    Dave Burg, Global Group Head of Cyber and Data Resilience at Kroll, says, “In today’s increasingly turbulent threat landscape, organizations face compounding cyber pressures, from more sophisticated threat actors to widening supply chain vulnerabilities. That pressure is amplified by geopolitical activity, such as the situation in the Middle East. Strategic decisions and execution realities can shift without warning. In an environment defined by uncertainty, businesses need to adapt quickly and confidently, even as the risk picture evolves in real time.”

    “Cyber resilience and security aren’t simply technology challenges, they are fundamental to overall business resilience. Too often, cyber leaders are pulled between the drive to innovate and a hard truth: basic cyber hygiene failures remain the most common point of entry.”

    “Our strategic partner CrowdStrike reports an average breakout time of just 29 minutes for attackers to move from initial access to broader infiltration. Yet many companies are pouring investment into advanced tools and threat intelligence while underinvesting in identity management, effective threat prioritization, and incident response readiness – gaps that can significantly increase exposure. Organizations that strengthen their cyber foundations will be better positioned to align strategy with execution, focus investments where they matter most and deliver stronger, more consistent defense.” 

    You can access the full report on the Kroll website.

    About the Research
    Kroll commissioned independent research firm Sapio Research to conduct a comprehensive study into cybersecurity resilience and risk alignment in enterprise organizations. The research surveyed 1,000 cybersecurity decision-makers at companies with annual revenues from $50 million to more than $5 billion across 10 countries: the United Kingdom and Ireland (150), Germany (50), Switzerland (50), the United States (450), Japan (125), Singapore (50), Australia (25), the United Arab Emirates (50) and Saudi Arabia (50). The survey was conducted in November and December 2025.

    About Kroll
    As the leading independent provider of financial and risk advisory solutions, Kroll leverages our unique insights, data and technology to help clients stay ahead of complex valuation demands. Kroll’s team of more than 6,500 professionals worldwide continues the firm’s nearly 100-year history of trusted expertise spanning risk, governance, transactions and valuation. Our advanced solutions and intelligence provide clients the foresight they need to create an enduring competitive advantage. At Kroll, our values define who we are and how we partner with clients and communities. Learn more at kroll.com.

    For media inquiries, please contact:
    Emma Thompson
    [email protected] 
    +44 20 70295384
    +44 7540 302090

    Lori Feinsilver
    [email protected]
    +1 212 450 8155

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  • KPMG announces appointment of Gary Wingrove as Global Chairman and CEO

    KPMG announces appointment of Gary Wingrove as Global Chairman and CEO

    18 March 2026 — KPMG today announced that Gary Wingrove has been elected as the next Global Chairman and Chief Executive Officer of KPMG International. Gary was nominated by the KPMG Global Board and elected by our Global Council. He will begin his four‑year term on 1 October 2026.

    Gary currently serves as Global Chief Operating Officer and is a member of the Global Management Team. In this role, he has helped shape and execute KPMG’s global strategy (known as KPMG’s Collective Strategy), leading major advances in operational integration, regional clustering, global investment alignment, alliance expansion, and the ongoing growth of the KPMG Delivery Network (KDN). He has also overseen the firm’s digital transformation and the adoption of AI‑enabled solutions across the global organisation.

    Before becoming global COO, Gary served as CEO of KPMG Australia from 2013 to 2021, nearly doubling the firm’s revenue, profitability and headcount while reshaping its culture. His global experience underpins the strategic clarity, operational discipline and values‑led leadership he brings to the role.

    Gary will succeed Bill Thomas, who has served as Global Chairman and CEO since 2017.

    Bill Thomas has led KPMG through a period of significant transformation and global growth, positioning the organisation as the fastest‑growing of the Big Four networks for the past two years. Under his leadership, global revenues have increased by 55% since 2017 (on a constant‑currency basis), and the firm has grown to more than 276,000 people worldwide. Bill created and embedded the Collective Strategy, aligning member firms behind shared priorities, refreshed governance and a unified global ambition. He has also overseen the firm’s multi‑billion dollar global investment program and deepened our alliances with partners including Microsoft, Google Cloud, SAP, Oracle and ServiceNow, enabling KPMG to deliver market leading, AI‑enabled solutions at scale.

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  • Tencent FY Q4 revenue beats estimates amid ramp up in AI investments

    Tencent FY Q4 revenue beats estimates amid ramp up in AI investments

    Tencent on Wednesday reported full-year revenue that topped analyst predictions, as the Chinese tech giant continues to ramp up investments in AI.

    Here’s how Tencent did in its full-year earnings for 2025:

    • Revenue: 751.8 billion Chinese yuan ($109 billion), surpassing the 750.7 billion Chinese yuan expected by analysts, according to data compiled by LSEG.

    “We sustained healthy growth rates in 2025, as AI capabilities improved our ad targeting and supported more engagement with our games, and as our cloud business delivered improving revenue growth and profit at scale,” the company said in a statement.

    “Our highly resilient and cash-generative core businesses provide us with the resources to fund our increasing investments in AI, including recruiting top-tier AI talent and upgrading our AI infrastructure.”

    Much of Tencent’s revenue comes from gaming, but the company has looked to diversify by expanding into other areas, including cloud computing. The company has said it would grow its cloud computing unit into Europe in 2025.

    Tencent’s cloud computing group chief told CNBC in January that it was planning to expand its data center footprint in the Middle East. CNBC has approached the company to ask if those plans had changed in light of the Iran war.

    This is a developing story. Refresh for updates.

    Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

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  • When automotive color meets performance, protection and sustainability

    • Color significantly influences consumer purchasing decisions, vehicle longevity and brand identity 
    • Creating, protecting and preserving automotive colors combines emotional design and materials science 
    • BASF Coatings develops more than 1,300 color concepts every year 

    Automotive color is where emotional design meets materials science. It influences brand identity, purchase decisions, safety perception and even sustainability. In anticipation of International Color Day on March 21, BASF Coatings is highlighting the crucial role color plays in automotive design, manufacturing and repair. Far beyond aesthetics, automotive color is a complex, data-driven, and technically precise discipline that requires profound knowledge substrate pre-treatment, the development of different layers that build the final coating and the skill to exactly replicate the status quo of a color shade even years after its application.  

    Protecting color from the very first layer 

    With decades of expertise in color innovation, BASF Coatings is well-positioned to create, protect and preserve automotive color across the full lifecycle of a vehicle. When car owners talk about the color of their car, they usually refer to the visible, colorful basecoat only. But to make a color shine, it takes way more than just the pigmentation. BASF Coatings’ integrated approach ensures that vehicles also adhere to stringent durability and sustainability standards such as corrosion protection. 

    “Pretreatment is the invisible enabler behind durable, sustainable automotive coatings. By offering tailored pretreatment solutions for modern automotive substrates, we create the chemical foundation for corrosion resistance and robust paint adhesion. This first process step is decisive for the long-term performance, durability and sustainability of the entire coating system and the basis to make every color shine,” said Meike Flöck, Head of Global Segment Management Automotive OEM Surface Treatment. 

    Designing automotive colors for performance and with responsible material choices 

    The diversity of today’s automotive colors is driven by the precise interplay of pigments and effect materials that give each basecoat its distinctive character. At BASF Coatings, this expertise is combined with close collaboration between the global Color Design team and automotive manufacturers, enabling innovative color solutions that meet high performance standards while allowing the integration of more responsible material choices where feasible. 

    This approach has recently been recognized by leading design and technology institutions. The trend color REVERENCE DARKNESS of BASF Coatings received the MATERIALICA Design and Technology Award 2025, honoring its use of recycled tire materials as a carbon black source. In parallel, BASF Coatings was nominated as a finalist for the German Ecodesign Award 2025 with its project “Colors with Renewable Pigments”, demonstrating how biobased waste streams can be transformed into expressive colors without compromising durability or production reliability. The German Ecodesign Award is Germany’s highest state award for ecological design. 

    “Colors play a vital role in how consumers connect with a vehicle. Across all regions, we see a clear desire for more individual, expressive color identities, and growing interest in color solutions that incorporate responsible material choices,” said Mark Gutjahr, global head of Automotive Color Design at BASF Coatings. “As color designers, our task is to translate cultural signals, technological advances, and emotional needs into colors that not only look compelling, but also perform reliably in industrial production over a long period of time. Together with our customers, we develop more than 1,300 color concepts each year and have around 450 commercialized.” 

    Preserving color authenticity throughout a vehicle’s lifecycle 

    Once a vehicle is in use, maintaining color authenticity becomes a key factor for its long-term and sustainable lifecycle. Today’s coatings include functions such as UV protection that prevent colors from fading when exposed to sunlight. “In automotive refinish, we approach color as a dynamic and evolving element. Every vehicle shade is defined by countless subtle differences that emerge over time, across different repair situations and with varied materials. Our strength is in capturing and digitally replicating these unique nuances, ensuring that body shops can achieve an authentic color match and restore vehicles to their original appearance – even years after the car first left the factory,” said Jane Niemi, Head of Global Marketing. 

    When it comes to restoring vehicles to their original condition, matching the current color shade after a repair job or even an entire recolorization, BASF Coatings provides an online database that gives detailed information on millions of colors and the correct mixing formulas of cars from around the world. Professional body shops benefit from exact color data and a state-of-the-art portfolio of high-quality refinish paint products which exactly match OEM requirements. 

    Automotive color is a complex discipline and guiding customers through that complexity has long been part of BASF Coatings’ DNA. As the company enters a new chapter under Carlyle’s ownership in Q2 2026, it is strengthening its technical expertise, investing in its people and deepening its passion for color, ensuring it remains a reliable and forward‑thinking partner across the entire automotive value chain. 

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  • Hello Group Inc. Announces Unaudited Financial Results for the Fourth Quarter and Fiscal Year 2025

    BEIJING, March 18, 2026 /PRNewswire/ — Hello Group Inc. (NASDAQ: MOMO) (“Hello Group” or the “Company”), a leading player in Asia’s online social networking space, today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2025.  

    Fourth Quarter of 2025 Highlights

    • Net revenues decreased by 2.3% year over year to RMB2,575.8 million (US$368.3 million*) in the fourth quarter of 2025.
    • Net revenues from overseas increased by 70.3% year over year to RMB608.2 million (US$87.0 million) in the fourth quarter of 2025.
    • Net income attributable to Hello Group Inc. was RMB237.3 million (US$33.9 million) in the fourth quarter of 2025, compared to RMB187.2 million in the same period of 2024.
    • Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB281.3 million (US$40.2 million) in the fourth quarter of 2025, compared to RMB230.5 million in the same period of 2024.
    • Diluted net income per American Depositary Share (“ADS”) was RMB1.44 (US$0.21) in the fourth quarter of 2025, compared to RMB1.05 in the same period of 2024.
    • Non-GAAP diluted net income per ADS (note 1) was RMB1.70 (US$0.24) in the fourth quarter of 2025, compared to RMB1.30 in the same period of 2024.
    • For the Momo app total paying users was 3.9 million for the fourth quarter of 2025, compared to 5.7 million for the same period last year, and 3.7 million from last quarter. Tantan had 0.6 million paying users for the fourth quarter of 2025 compared to 0.9 million from the year ago period and 0.7 million from last quarter.

    Full Year 2025 Highlights

    • Net revenues decreased by 1.9% year over year to RMB10,367.1 million (US$1,482.5 million) for the full year of 2025.
    • Net revenues from overseas increased by 70.8% year over year to RMB2,000.0 million (US$286.0 million) for the full year of 2025.
    • Net income attributable to Hello Group Inc. was RMB804.0 million (US$115.0 million) for the full year of 2025, compared to RMB1,039.6 million during the same period of 2024.
    • Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB993.5 million (US$142.1 million) for the full year of 2025, compared to RMB1,232.9 million during the same period of 2024.
    • Diluted net income per ADS was RMB4.75 (US$0.68) for the full year of 2025, compared to RMB5.57 during the same period of 2024.
    • Non-GAAP diluted net income per ADS (note 1) was RMB5.87 (US$0.84) for the full year of 2025, compared to RMB6.60 during the same period of 2024.

    * 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 RMB 6.9931 to US$1.00, the effective noon buying rate for December 31, 2025 as set forth in the H.10 statistical release of the Federal Reserve Board.

    “In the second half of 2025, our domestic business faced fresh external headwinds. That said, through the team’s agile response and strong execution, we maintained stable performance of our cash-cow business while sustaining a healthy ecosystem.” commented Yan Tang, Chairman and CEO of Hello Group. “Our overseas business has posted exceptional results over the past year, fueled by organic product incubation and targeted mergers and acquisitions. This has enabled us to diversify and enrich our brand portfolio while rapidly expanding our global presence, resulting in accelerated overseas revenue momentum. The overseas business has now solidified as an important revenue contributor for the Group and stands as the key engine for our future overall growth.”

    Fourth Quarter of 2025 Financial Results

    Net revenues

    Total net revenues were RMB2,575.8 million (US$368.3 million) in the fourth quarter of 2025, a decrease of 2.3% from RMB2,636.5 million in the fourth quarter of 2024.

    Value-added service revenues mainly include virtual gift revenues from various audio, video and text- based scenarios, and membership subscription revenues. Total value-added service revenues were RMB2,533.1 million (US$362.2 million) in the fourth quarter of 2025, a decrease of 2.3% from RMB2,591.6 million during the same period of 2024. The decrease was primarily due to external factors that influenced the operational focus of certain broadcasters and agencies as well as the weak consumer sentiment on Momo app, and to a lesser extent, the decline in Tantan resulting from a decline in user base. The decrease was largely offset by the revenue growth from our overseas apps, driven by the rapid expansion from multiple social entertainment and dating brands across our rich portfolio.

    Other services revenues were RMB42.7 million (US$6.1 million) in the fourth quarter of 2025, compared to RMB44.9 million during the same period of 2024.

    Net revenues from Chinese mainland decreased from RMB2,279.4 million in the fourth quarter of 2024 to RMB1,967.6 million (US$281.4 million) in the fourth quarter of 2025, primarily due to the decrease in net revenues from Momo app and Tantan app. Net revenues from overseas increased from RMB357.1 million in the fourth quarter of 2024 to RMB608.2 million (US$87.0 million) in the fourth quarter of 2025, driven by the growth of audio- and video-based products in the Middle East and North Africa(“MENA”) region, primarily by the new apps, along with incremental revenue from dating brands outside of MENA.

    Cost and expenses

    Cost and expenses were RMB2,278.4 million (US$325.8 million) in the fourth quarter of 2025, a decrease of 5.4% from RMB2,407.8 million in the fourth quarter of 2024. The decrease was primarily attributable to: (a) a RMB94.1 million in production costs incurred in connection with films in the fourth quarter of 2024, and (b) a decrease in revenue sharing with broadcasters on Momo apps, partially offset by an increased revenue sharing with virtual gift recipients on overseas apps.

    Non-GAAP cost and expenses (note 1) were RMB2,231.4 million (US$319.1 million) in the fourth quarter of 2025, compared to RMB2,364.6 million during the same period of 2024.

    Income from operations

    Income from operations was RMB307.1 million (US$43.9 million) in the fourth quarter of 2025, compared to RMB236.7 million during the same period of 2024.

    Non-GAAP income from operations (note 1) was RMB354.1 million (US$50.6 million) in the fourth quarter of 2025, compared to RMB279.9 million during the same period of 2024.  

    Income tax expenses

    Income tax expenses were RMB68.9 million (US$9.9 million) in the fourth quarter of 2025, compared to RMB89.5 million in the fourth quarter of 2024.

    Net income

    Net income was RMB237.8 million (US$34.0 million) in the fourth quarter of 2025, compared to RMB187.2 million during the same period of 2024.

    Non-GAAP net income (note 1) was RMB281.8 million (US$40.3 million) in the fourth quarter of 2025, compared to RMB230.5 million during the same period of 2024.

    Net income attributable to Hello Group Inc.

    Net income attributable to Hello Group Inc. was RMB237.3 million (US$33.9 million) in the fourth quarter of 2025, compared to RMB187.2 million during the same period of 2024.

    Non-GAAP net income (note 1) attributable to Hello Group Inc. was RMB281.3 million (US$40.2 million) in the fourth quarter of 2025, compared to RMB230.5 million during the same period of 2024.

    Net income per ADS

    Diluted net income per ADS was RMB1.44 (US$0.21) in the fourth quarter of 2025, compared to RMB1.05 in the fourth quarter of 2024.

    Non-GAAP diluted net income per ADS (note 1) was RMB1.70 (US$0.24) in the fourth quarter of 2025, compared to RMB1.30 in the fourth quarter of 2024.

    Cash and cash flow

    As of December 31, 2025, the Company’s cash, cash equivalents, short-term deposits, long-term deposits, short-term investments, short-term restricted cash and long-term restricted cash totaled RMB8,677.6 million (US$1,240.9 million), compared to RMB14,728.5 million as of December 31, 2024. The decrease in cash was primarily driven by bank loan repayments, the distribution of a special cash dividend, settlement of withholding tax accrued for prior periods, certain acquisitions and investments, and payment under the company’s Share Repurchase Program.

    Net cash provided by operating activities in the fourth quarter of 2025 was RMB549.7 million (US$78.6 million), compared to RMB423.6 million in the fourth quarter of 2024.

    Full Year 2025 Financial Results

    Net revenues for the full year of 2025 were RMB10,367.1 million (US$1,482.5 million), a decrease of 1.9% from RMB10,563.0 million in the same period of 2024.

    Net income attributable to Hello Group Inc. was RMB804.0 million (US$115.0 million) for the full year of 2025, compared to RMB1,039.6 million during the same period of 2024.

    Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB993.5 million (US$142.1 million) for the full year of 2025, compared to RMB1,232.9 million during the same period of 2024.

    Diluted net income per ADS was RMB4.75 (US$0.68) during the full year of 2025, compared to RMB5.57 in the same period of 2024.

    Non-GAAP diluted net income per ADS (note 1) was RMB5.87 (US$0.84) during the f full year of 2025, compared to RMB6.60 in the same period of 2024.

    Net cash provided by operating activities was RMB1,183.1 million (US$169.2 million) during the full year of 2025, compared to RMB1,640.0 million in the same period of 2024.

    Recent Development

    Declaration of a special cash dividend

    Hello Group’s board of directors has declared a special cash dividend in the amount of US$0.28 per ADS, or US$0.14 per ordinary share. The cash dividend will be paid on April 30, 2026 to shareholders of record at the close of business on April 10, 2026. The ex-dividend date will be April 10, 2026. The aggregate amount of cash dividends to be paid is approximately US$42.6 million, which will be funded by available cash on the Company’s balance sheet.

    Share repurchase program

    As of March 18, 2026, the Company has repurchased 60.3 million ADSs for US$378.9 million on the open market under the Share Repurchase Program announced on June 7, 2022 and amended on March 14, 2024 and March 12, 2025, at an average purchase price of US$6.26 per ADS. The remaining size of the program is US$107.2 million.

    Business Outlook

    For the first quarter of 2026, the Company expects total net revenues to be between RMB2.3 billion to RMB2.4 billion, representing a decrease of 8.8% to 4.8% 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, amortization of intangible assets from business acquisitions and tax impacts related to the amortization of intangible assets from business acquisitions.

    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 from operations, net income, 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, amortization of intangible assets from business acquisitions, and tax impacts related to the amortization of intangible assets from business acquisitions.  A limitation of using these non-GAAP financial measures is that share-based compensation, amortization of intangible assets from business acquisitions and tax impacts related to the amortization of intangible assets from business acquisitions have 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 Wednesday, March 18, 2026, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on March 18, 2026).

    Participants can register for the conference call by navigating to:

    https://s1.c-conf.com/diamondpass/10053257-1s7egv.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 March 27, 2026. The dial-in details for the replay are as follows:

    U.S. / Canada: 1-855-883-1031
    Hong Kong: 800-930-639
    Passcode: 10053257

    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 Asia’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, and Duidui, which target more niche markets and more selective demographics.

    For investor and media inquiries, please contact:

    Hello Group Inc.

    Investor Relations
    Phone: +852-3157-1669
    Email: [email protected] 

    Christensen 

    In China
    Ms. Xiaoyan Su
    Phone: +86-10-5900-1548
    E-mail: [email protected] 

    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 first quarter of 2026, 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 fourth quarter of 2025 are preliminary, unaudited and subject to audit adjustment. In addition, we may not meet our financial outlook for the first quarter of 2026 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


    Year


    Ended December 31


    Ended December 31



    2024


    2025


    2025


    2024


    2025


    2025



    RMB


    RMB


    US$


    RMB


    RMB


    US$


    Net revenues(i):













    Value-added service

    2,591,615


    2,533,104


    362,229


    10,415,580


    10,213,654


    1,460,533


    Other services

    44,881


    42,665


    6,101


    147,391


    153,442


    21,942


    Total net revenues

    2,636,496


    2,575,769


    368,330


    10,562,971


    10,367,096


    1,482,475


    Cost and expenses:













    Cost of revenues

    (1,724,821)


    (1,611,502)


    (230,442)


    (6,447,341)


    (6,446,619)


    (921,854)


    Research and development

    (222,684)


    (216,558)


    (30,967)


    (804,425)


    (779,449)


    (111,460)


    Sales and marketing

    (316,699)


    (348,299)


    (49,806)


    (1,329,780)


    (1,368,658)


    (195,715)


    General and administrative

    (143,621)


    (102,051)


    (14,593)


    (507,658)


    (455,393)


    (65,120)


    Total cost and expenses

    (2,407,825)


    (2,278,410)


    (325,808)


    (9,089,204)


    (9,050,119)


    (1,294,149)


    Other operating income, net

    8,015


    9,697


    1,387


    59,003


    37,586


    5,375


    Income from operations

    236,686


    307,056


    43,909


    1,532,770


    1,354,563


    193,701


    Interest income

    124,045


    58,306


    8,338


    510,964


    374,466


    53,548


    Interest expense

    (36,846)


    (29)


    (4)


    (127,846)


    (72,438)


    (10,358)


    Other gain or loss, net

    (46,639)


    3,902


    558


    (90,509)


    5,682


    813


    Income before income tax and share of (loss) income on equity method
    investments

    277,246


    369,235


    52,801


    1,825,379


    1,662,273


    237,704


    Income tax expenses

    (89,497)


    (68,943)


    (9,859)


    (845,022)


    (842,869)


    (120,529)


    Income before share of (loss) income on equity method investments

    187,749


    300,292


    42,942


    980,357


    819,404


    117,175


    Share of (loss) income on equity method investments 

    (514)


    (62,458)


    (8,931)


    59,216


    (12,879)


    (1,842)


    Net income 

    187,235


    237,834


    34,011


    1,039,573


    806,525


    115,333


    Less: net income attributable to non-controlling interest


    499


    71



    2,512


    359


    Net income attributable to the shareholders of Hello Group Inc.

    187,235


    237,335


    33,940


    1,039,573


    804,013


    114,974


    Net income per share attributable to ordinary shareholders













    Basic

    0.54


    0.73


    0.1


    2.81


    2.42


    0.35


    Diluted

    0.53


    0.72


    0.1


    2.78


    2.37


    0.34


    Weighted average shares used in calculating net income per ordinary share













    Basic

    349,401,183


    324,712,989


    324,712,989


    369,312,997


    332,356,281


    332,356,281


    Diluted

    355,325,921


    330,556,192


    330,556,192


    373,591,974


    338,597,079


    338,597,079




























    (i) The following table presents revenues by geographic area based on the addresses of our customers of our users:








































    Three months


    Year


      Ended December 31


    Ended December 31



    2024


    2025


    2025


    2024


    2025


    2025



    RMB


    RMB


    US$


    RMB


    RMB


    US$


    Chinese mainland

    2,279,440


    1,967,582


    281,360


    9,392,079


    8,367,094


    1,196,479


    Overseas

    357,056


    608,187


    86,970


    1,170,892


    2,000,002


    285,996


    Total

    2,636,496


    2,575,769


    368,330


    10,562,971


    10,367,096


    1,482,475


    Hello Group Inc.

    Unaudited Condensed Consolidated Statement of Comprehensive Income

    (All amounts in thousands, except share and per share data)







    Three months


    Year


      Ended December 31


    Ended December 31



    2024


    2025


    2025


    2024


    2025


    2025



    RMB


    RMB


    US$


    RMB


    RMB


    US$


    Net income 

    187,235


    237,834


    34,011


    1,039,573


    806,525


    115,333


    Other comprehensive income (loss), net of tax:













    Foreign currency translation adjustment

    322,935


    (89,088)


    (12,739)


    132,248


    (245,615)


    (35,122)


    Comprehensive income

    510,170


    148,746


    21,272


    1,171,821


    560,910


    80,211


    Less: comprehensive income (loss) attributed to the non-controlling interest

    7,225


    (4,689)


    (671)


    5,111


    (7,505)


    (1,073)


    Comprehensive income attributable to Hello Group Inc.

    502,945


    153,435


    21,943


    1,166,710


    568,415


    81,284


    Hello Group Inc.

    Unaudited Condensed Consolidated Balance Sheets

    (All amounts in thousands, except share and per share data)


    December 31


    December 31


    December 31


    2024


    2025


    2025

    RMB

    RMB


    US$

    Assets






    Current assets






    Cash and cash equivalents

    4,122,659


    5,320,022


    760,753

    Short-term deposits

    2,026,245


    3,112,207


    445,040

    Restricted cash

    4,566,477


    120,612


    17,247

    Short-term investment


    124,713


    17,834

    Accounts receivable, net of allowance for credit losses of RMB12,433
    and RMB18,623 as of December 31, 2024 and 2025,
    respectively

    192,317


    246,208


    35,207

    Amounts due from related parties


    21,751


    3,110

    Prepaid expenses and other current assets

    1,104,172


    791,317


    113,157

    Total current assets

    12,011,870


    9,736,830


    1,392,348

    Long-term deposits

    3,059,860



    Long-term restricted cash

    953,285



    Right-of-use assets, net

    252,169


    118,799


    16,988

    Property and equipment, net

    897,036


    1,420,030


    203,062

    Intangible assets, net

    86,661


    240,716


    34,422

    Rental deposits

    13,280


    3,585


    513

    Long-term investments

    825,533


    1,514,042


    216,505

    Other non-current assets

    110,960


    114,384


    16,357

    Deferred tax assets

    36,066


    34,614


    4,950

    Goodwill

    136,250


    596,299


    85,270

    Total assets

    18,382,970


    13,779,299


    1,970,415

    Liabilities and equity






    Current liabilities






    Accounts payable

    615,254


    584,557


    83,593

    Deferred revenue

    427,702


    468,221


    66,955

    Accrued expenses and other current liabilities

    704,410


    848,679


    121,359

    Lease liabilities due within one year

    141,971


    83,590


    11,953

    Income tax payable

    157,057


    44,787


    6,404

    Deferred consideration in connection with business acquisitions-current

    28,027


    47,839


    6,841

    Convertible Senior Notes-current

    20,191



    Long-term borrowings, current portion

    1,938,385


    2,118


    303

    Short-term borrowings

    2,365,535



    Total current liabilities

    6,398,532


    2,079,791


    297,408

    Deferred consideration in connection with business acquisitions-non current

    65,694



    Lease liabilities

    115,105


    39,986


    5,718

    Deferred tax liabilities

    241,915


    531,996


    76,074

    Long-term borrowings


    3,133


    448

    Other non-current liabilities

    129,051


    39,605


    5,663

    Total liabilities

    6,950,297


    2,694,511


    385,311

    Shareholder’s equity (ii)

    11,432,673


    11,084,788


    1,585,104

    Total liabilities and shareholder’s equity

    18,382,970


    13,779,299


    1,970,415













    (ii): As of December 31, 2025, the number of ordinary shares outstanding was 303,566,956.

    Hello Group Inc.

    Unaudited Condensed Consolidated Statement of Cash Flows

    (All amounts in thousands, except share and per share data)


    Three months


    Year



    Ended December 31


    Ended December 31



    2024


    2025


    2025


    2024


    2025


    2025



    RMB


    RMB


    US$


    RMB


    RMB


    US$


    Cash flows from operating activities:













    Net income

    187,235


    237,834


    34,011


    1,039,573


    806,525


    115,333


    Adjustments to reconcile net income to net cash provided by operating
    activities:













    Depreciation of property and equipment

    11,868


    9,563


    1,367


    52,847


    43,040


    6,155


    Amortization of intangible assets

    2,049


    14,853


    2,124


    5,886


    38,775


    5,545


    Share-based compensation

    42,493


    33,434


    4,781


    192,572


    162,745


    23,273


    Share of loss (income) on equity method investments

    514


    62,458


    8,931


    (59,216)


    12,879


    1,842


    Gain or loss on fair value changes of short-term investments


    (3,902)


    (558)



    (5,722)


    (819)


    Returns on investments

    730




    1,927


    797


    114


    Loss on long-term investments

    46,639




    90,509


    40


    6


    Gain or loss on disposal of property and equipment


    (126)


    (18)


    (62)


    (465)


    (66)


    Provision of (income) loss on receivable and other assets

    (57)


    1,008


    144


    3,618


    6,893


    986


    Changes in operating assets and liabilities:













    Accounts receivable

    (4,347)


    (380)


    (54)


    7,605


    (24,031)


    (3,436)


    Prepaid expenses and other current assets

    27,035


    43,467


    6,216


    (64,811)


    110,876


    15,855


    Amounts due from related parties


    (291)


    (42)



    (291)


    (42)


    Rental deposits


    213


    30


    (309)


    11,375


    1,627


    Deferred tax assets

    (128)


    (892)


    (128)


    (4,323)


    1,369


    196


    Other non-current assets

    101,561


    37,285


    5,332


    (81,837)


    150,978


    21,590


    Accounts payable

    8,139


    33,181


    4,745


    (7,571)


    (37,788)


    (5,404)


    Income tax payable

    63,625


    25,373


    3,628


    62,337


    (112,568)


    (16,097)


    Deferred revenue

    (26,219)


    (3,565)


    (510)


    (25,651)


    17,452


    2,496


    Accrued expenses and other current liabilities

    78,250


    66,599


    9,524


    139,607


    (136,112)


    (19,464)


    Deferred tax liabilities

    (81,498)


    21,325


    3,049


    212,835


    235,554


    33,684


    Other non-current liabilities

    (34,247)


    (27,725)


    (3,965)


    74,458


    (99,212)


    (14,187)


    Net cash provided by operating activities

    423,642


    549,712


    78,607


    1,639,994


    1,183,109


    169,187


    Cash flows from investing activities:













    Purchase of property and equipment

    (21,727)


    (320,178)


    (45,785)


    (285,541)


    (492,517)


    (70,429)


    Payment for long-term investments

    (35,959)


    (39,969)


    (5,715)


    (69,209)


    (482,259)


    (68,962)


    Payment for business acquisition

    (136,642)


    (27,109)


    (3,877)


    (136,642)


    (633,877)


    (90,643)


    Purchase of term deposits


    (46,993)


    (6,720)


    (2,851,946)


    (2,592,723)


    (370,754)


    Cash received on maturity of term deposits

    1,247,165


    1,443,669


    206,442


    3,047,041


    4,536,981


    648,780


    Payment for short-term investments


    (104,382)


    (14,926)



    (122,396)


    (17,502)


    Cash received from sales of long-term investment




    2,000




    Returns of investments

    120




    120


    1,145


    164


    Loan to a third-party company

    (168,933)


    (3,521)


    (503)


    (265,613)


    (47,735)


    (6,826)


    Loan to a related party


    (3,000)


    (429)



    (3,000)


    (429)


    Other investing activities

    8


    196


    28


    903


    851


    122


    Net cash provided by (used in) investing activities

    884,032


    898,713


    128,515


    (558,887)


    164,470


    23,521


    Cash flows from financing activities:













    Proceeds from exercise of share options

    1




    18


    5


    1


    Repurchase of ordinary shares

    (425,176)


    (304,098)


    (43,485)


    (1,197,439)


    (749,983)


    (107,246)


    Deferred payment for business acquisition





    (17,132)


    (2,450)


    Dividends payment




    (716,302)


    (346,182)


    (49,503)


    Payment in relation to redemption of convertible bonds





    (20,221)


    (2,892)


    Proceeds from short-term borrowings




    2,365,535




    Repayment of short-term borrowings





    (2,365,535)


    (338,267)


    Repayment of long-term borrowings


    (586)


    (84)


    (215,615)


    (1,940,122)


    (277,434)


    Net cash (used in) provided by financing activities

    (425,175)


    (304,684)


    (43,569)


    236,197


    (5,439,170)


    (777,791)


    Effect of exchange rate changes

    172,439


    (19,585)


    (2,801)


    42,205


    (110,196)


    (15,765)


    Net increase (decrease) in cash and cash equivalents 

    1,054,938


    1,124,156


    160,752


    1,359,509


    (4,201,787)


    (600,848)


    Cash, cash equivalents and restricted cash at the beginning of period

    8,587,483


    4,316,478


    617,248


    8,282,912


    9,642,421


    1,378,848


    Cash, cash equivalents and restricted cash at the end of period

    9,642,421


    5,440,634


    778,000


    9,642,421


    5,440,634


    778,000


    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 (loss) to comparable GAAP measures.








    Three months


    Three months


    Three months

    Ended December 31, 2024


    Ended December 31, 2025


    Ended December 31, 2025


    GAAP

    Amortization of intangible assets from business acquisitions 

    Share-based compensation

    Non-GAAP


    GAAP

    Amortization of intangible assets from business acquisitions 

    Share-based compensation

    Tax impacts(iii)

    Non-GAAP


    GAAP

    Amortization of intangible assets from business acquisitions 

    Share-based compensation

    Tax impacts(iii)

    Non-GAAP

    RMB

    RMB

    RMB

    RMB

    RMB

    RMB

    RMB

    RMB 

    RMB

    US$

    US$

    US$

    US$

    US$

    Cost of revenues

    (1,724,821)

    128

    1,822

    (1,722,871)


    (1,611,502)

    6,840

    2,752

    (1,601,910)


    (230,442)

    978

    394

    (229,070)

    Research and development

    (222,684)

    120

    10,198

    (212,366)


    (216,558)

    1,727

    10,926

    (203,905)


    (30,967)

    247

    1,562

    (29,158)

    Sales and marketing

    (316,699)

    521

    4,480

    (311,698)


    (348,299)

    5,006

    3,418

    (339,875)


    (49,806)

    716

    489

    (48,601)

    General and administrative

    (143,621)

    25,993

    (117,628)


    (102,051)

    16,338

    (85,713)


    (14,593)

    2,336

    (12,257)

    Cost and operating expenses

    (2,407,825)

    769

    42,493

    (2,364,563)


    (2,278,410)

    13,573

    33,434

    (2,231,403)


    (325,808)

    1,941

    4,781

    (319,086)

    Income from operations

    236,686

    769

    42,493

    279,948


    307,056

    13,573

    33,434

    354,063


    43,909

    1,941

    4,781

    50,631

    Net income attributable to Hello Group Inc.

    187,235

    769

    42,493

    230,497


    237,335

    13,573

    33,434

    (3,030)

    281,312


    33,940

    1,941

    4,781

    (433)

    40,229

    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 (loss) to comparable GAAP measures-continued.








    Year


    Year


    Year

    Ended December 31, 2024


    Ended December 31, 2025


    Ended December 31, 2025


    GAAP

    Amortization of
    intangible assets
    from business
    acquisitions 

    Share-based
    compensation

    Non-GAAP


    GAAP

    Amortization of
    intangible assets
    from business
    acquisitions 

    Share-based
    compensation

    Tax
    impacts(iii)

    Non-GAAP


    GAAP

    Amortization of
    intangible assets
    from business
    acquisitions 

    Share-based
    compensation

    Tax
    impacts(iii)

    Non-GAAP

    RMB

    RMB

    RMB

    RMB

    RMB

    RMB

    RMB

    RMB 

    RMB

    US$

    US$

    US$

    US$

    US$

    Cost of revenues

    (6,447,341)

    128

    7,643

    (6,439,570)


    (6,446,619)

    13,345

    8,406

    (6,424,868)


    (921,854)

    1,908

    1,202

    (918,744)

    Research and development

    (804,425)

    120

    43,526

    (760,779)


    (779,449)

    5,061

    41,998

    (732,390)


    (111,460)

    724

    6,006

    (104,730)

    Sales and marketing

    (1,329,780)

    521

    19,520

    (1,309,739)


    (1,368,658)

    15,252

    15,874

    (1,337,532)


    (195,715)

    2,181

    2,270

    (191,264)

    General and administrative

    (507,658)

    121,883

    (385,775)


    (455,393)

    96,467

    (358,926)


    (65,120)

    13,795

    (51,325)

    Cost and operating expenses

    (9,089,204)

    769

    192,572

    (8,895,863)


    (9,050,119)

    33,658

    162,745

    (8,853,716)


    (1,294,149)

    4,813

    23,273

    (1,266,063)

    Income from operations

    1,532,770

    769

    192,572

    1,726,111


    1,354,563

    33,658

    162,745

    1,550,966


    193,701

    4,813

    23,273

    221,787

    Net income attributable to Hello Group Inc.

    1,039,573

    769

    192,572

    1,232,914


    804,013

    33,658

    162,745

    (6,872)

    993,544


    114,974

    4,813

    23,273

    (983)

    142,077




















































    (iii) Includes tax impacts related to the amortization of intangible assets from business acquisition. There is no tax impact related to share-based compensation.













    SOURCE Hello Group Inc.

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  • New Australian data centre rules aim to improve energy grid security

    New Australian data centre rules aim to improve energy grid security

    The proposed technical standards may result in ‘faster deployment, lower costs, and better investment certainty’ as well as greater energy grid security, AEMC has said.

    Industry and community stakeholders are invited to offer feedback on the proposed technical standards until 7 May, before the standards are finalised.

    AEMC said the standards would help prevent consumers losing “billions in lost electricity supply or emergency network upgrades” due to fault-related failures impacting energy systems, while enabling investment, instead of blocking it.

    The draft rule would raise the current threshold for large inverter-based loads from 5 megawatts (MW) to 30MW and embed this definition directly in the national electricity rules, which AEMO said will ensure that technical requirements will only apply to large scale projects that are most likely to affect power system security.

    Nick Li, an energy specialist at Pinsent Masons, said: “The scale and speed of data-centre growth in Australia is now significant enough for AEMO to model data centres at their separate demand category within the NEM and call them ‘active grid participants’, with any sudden disconnection potentially triggering cascading failures and blackouts.”

    “The publication of the new standards is intended to ensure that data centre development is smooth and does not impact electricity supply in the future by focusing on projects that have the potential to impact Australia’s energy security,” he said.

    “The AEMC has stated that by matching the standards proposed or used in the US state of Texas, Ireland, and Finland, data centre operators can use the same equipment and feasibility studies as elsewhere. Standardising the approach would mean faster deployment, lower costs, and better investment certainty.”

    Data centres will be required to meet new performance criteria, ensuring they can withstand disturbances to the power grid without going offline, and provide better data on how they respond to grid disturbances under the new rules.

    Data centres currently make up about 2% of energy consumption in Australia, according to AEMO’s estimates. This is expected to grow sharply due to artificial intelligence’s heavy energy requirements.

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  • Fujifilm Announces Development of FUJINON UA16x4BERD, UA30x7.3BERD, and UA94x8.7BESM 4K Broadcast Zooms

    Fujifilm Announces Development of FUJINON UA16x4BERD, UA30x7.3BERD, and UA94x8.7BESM 4K Broadcast Zooms

    VALHALLA, N.Y., March 18, 2026 – FUJIFILM North America Corporation, Optical Devices Division, today announced the development of three new 4K broadcast zoom lenses: FUJINON UA16x4BERD (“UA16x4”), FUJINON UA30x7.3BERD (“UA30x7.3”), and UA94x8.7BESM (“UA94x8.7”). Each of these newly developed lenses covers a wide range of focal lengths in a single unit, providing strong support for immersive storytelling in a variety of broadcast production environments such as sports broadcasts, concerts, live events, and studio production.

    UA16x4 and UA30x7.3

    The newly developed UA16x4 and UA30x7.3 portable broadcast zoom lenses achieve both an extended wide-angle range and high zoom ratio, fitting a focal length range that surpasses previous models into a compact and lightweight body.

    UA30x7.3 delivers a best-in-class 30x zoom range[1] covering 7.3mm-219mm, and UA16x4 delivers a class-leading[1] wide-angle range of 4mm-64mm while also achieving best-in-class[1] 16x zoom range. By optimizing all elements – from optical and mechanical design to production and control technology – these two lenses achieve optimal zoom magnification and wide-angle focal length while reducing size and weight.

    In sports broadcasts, UA16x4 and UA30x7.3 support a wide range of framing options, from wide views capturing the entire stadium, to powerful zoom-ins and close-ups for post-game interviews, enabling flexible image creation. Additionally, the flexibility of these lenses enables creative freedom for camera operators in various filming environments.

    “In professional production environments such as sports broadcasts, concerts, live broadcasts, and studio production, it is essential to reliably capture moments that are key to the competition or performance,” said Stosh Durbacz, vice president, Sales, Optical Devices Division, FUJIFILM North America Corporation. “We’ve designed these lenses specifically to meet the needs of these high-stake situations, combining zoom performance that covers a wide range of focal lengths from wide-angle to telephoto in a single lens with compact and lightweight designs that allow for agile operation.”

    UA94x8.7

    UA94x8.7 is a versatile box zoom lens for 2/3-inch sensor broadcast cameras, covering the wide-angle to super-telephoto focal range from 8.7mm to 818mm, providing operational flexibility. It is ideal for a wide variety of applications including sports broadcasts, concerts, and other large-scale live events. UA94x8.7 enables diverse visual creativity, from immersive wide-angle shots that capture the atmosphere to close-up footage that brings subjects vividly into focus.

    “As professional video production styles diversify, broadcast equipment is increasingly being utilized across a wider range of settings, resulting in more demand for box lenses that offer high production quality and versatility, yet are still cost effective,” said Durbacz. “UA94×8.7 sits in a sweet spot between our UA70x and UA107x box zooms. It delivers a proprietary image stabilization system offering superior operability during zooming and focusing, reducing the burden on camera operators, and contributing to smooth operation in live production – at a price point we think will better align with their needs.”

    Availability

    UA94x8.7 is due to be released in fall of 2026, and both UA30x7.3 and UA16x4 are due to be released in spring of 2027. Fujifilm will showcase all three lenses at the 2026 NAB Show, the world’s largest international broadcast equipment trade shows, to be held in Las Vegas from April 19 to 22, 2026.

    For more information about FUJINON broadcast and cinema lenses, visit https://www.fujifilm.com/us/en/business/cine-and-broadcast. 

    ###

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