walk will businesses. for our second you will you brief our all made of a our through the with call. against joining we now I in the start I performance. progress across quarter everyone. Hello, financial overview Thank priorities strategic
quarter operating down revenue was XX% Adjusted sequentially. Profit RMB total second RMB XXX income sequentially. year-over-year X.X the down X.XX year-over-year down and was up margin points but of and X% X% percentage X.X million, For points billion, XX.X%, XX% was percentage sequentially. year-over-year group XXXX,
In from apps revenue down decline the terms the year-over-year billion, app to segments, app due of total resulting since and last up to sequentially. the standalone decline percentage from on X.X year-over-year standalone but quarter adjusted income increase was and new seasonality. revenue due standalone X, was both sequentially. mainly X.X down sequential by to operating from new margin million, the sequentially,
In RMB and their app was was RMB year-over-year, healthy and Momo mainly Momo momentum to due end spending new sequential down revenue X% points year-on-year The overseas X.XX product business basis. points operating and the a percentage XX% the business, community and Driven macro amidst the app XX% from weak softness economy; growth year. The and decline. maintained of adjustments Momo XX.X%, in our ecosystem app proactive maintain operational X% XXX Adjusted was year-over-year our
X.X% point XX.X and of income operating mainly X.X million, total was year number and down paying year-over-year revenue Adjusted users. RMB ago down with ago, representing was quarter XX% compared XXX RMB a a X.X%, sequentially, the RMB sequentially. decreased due to a XX.X quarter million XX.X million RMB the margin million Tantan, For year-over-year and for percentage of X%
the have through for endeavors Momo, the priorities Tantan and beginning you Now, the of will progress since against new strategic walk made we I our year.
is to improving year and Our cow app main core goal an the Momo to with productivity be Tantan's healthy dating maintain goal of growth. business ecosystem. is the business efficient continue social cash the that profitable this drives experience a for the model
is the Tantan further and the our now business our to brand enrich Momo As long-term
I portfolio, and walk push through beyond for the our boundaries build engine. endeavors, growth you execution. details new of goal will a
effective First, user on product to on the social the app. fronts users the experience experience of improve and volumes the quarter, female operational and improving receiving Momo the [indiscernible]. product of increasing our ecosystem, female second optimizing focused In community the the team of interactions
success led phrases, Our product of greeting team the applied and increased icebreaking of users the rate generate to chat. growth which to technology AI chats male to help X-way
algorithm of to users increased with matching for unmet improve strategy, the active terms rate users needs. experience the of we social In female
and of matches number the product optimization increasing strategy a the plays Our in both, and positive recommendation X-way role of number of chats.
year, pilot for our a for interest running a the [indiscernible], addition, In finding or the expanding user in social to group, on focused quarter, second perception. to coverage improve been the brand program partners we for base our which has of young online offline Momo's
breakthroughs algorithms improve an user Our based foundation normal for to important efforts brand maintain tone, and are to make in preferences cow cash sustainable and products and on productivity. further business life
limited. platform. product ROI of match commercial [indiscernible] on new room further channels incremental with channel to users Difficulty] we VAS specifically and features On focus the recommend is increase work and [indiscernible] materials the controlling and the front, limited brand onboarding quarter to friendly users, to continued reduce unit million XXX,XXX, our with adjusted increase [Technical ] to In features a
After strategies X.X thereby the to female our years of to team by our conversion. Accordingly, product strategy, interactive that improve budget reasonable order advertising Momo been acquisition seasonality. improve traffic, optimizing with several on costs female user relatively proportion channels have our interactive female in to working of we longtail to within acquisition paying bring channel with after the implement low capabilities experience to work our strategies exposure range. an channel a driven users, the their second users increasing [ user of spending team team to recommend X quarter, paying had the from app In OEM return their users leverage to and
let's billion, about in sharing macroeconomy. reduce rate proactively to the years. profits growth revenue and large-scale to our to seasonal ecosystem but to due to a the order spending lower policy, increased the weak caused competition year-over-year previous the X% operating operations after talk live-streaming due which adjustment The the but a productivity Now, Momo's up incentive to sequential low, forecasters, revenue healthy second of than and cash XX% Momo agencies mainly In which mainly and resulted strategy the our the the X.XX maintain less business. year-over-year, slightly was sequentially. was was for This increased basis, event decline has turn in quarter, quarter-over-quarter. a motivated. be To them moderately in event
On for nonevent RMB cow lower our was this increased revenue down have amidst softness address social we ratio issue, revenue-oriented
sequentially. the from Momo Revenue revenue reducing a standalone from due not and [indiscernible] at ] proactive risk, reliance also introduced billion, functions team Momo increasing revenue Our
Moreover, privilege, have on year-over-year apps and users revenue. up puts X% [ levels, which but VAS features million, X.XX for adjustments, app in whole confidence different product XX% introduced year-over-year, and sequentially. in product interactive declines X% our down daily do we live-streaming X% XXX communicative whilst keep specific event which showroom, revenue year-over-year RMB of mainly engaged, sequentially, user only X, was on role This sharing. the RMB but to was the totaled not excluding from services, plays in up XX% and XXX of profit value streaming. pressure Tantan, The In revenue million, paying up variety features X% RMB revenue of down but positive also user quarter enriches was year-over-year from and regulatory ARPPU. live- the it and number operational require improving normal VAS level app the added
macro also The due growth on mainly sequential consumer factors weighed seasonality. to Additionally, sentiments. was
launched forecasters the help features operational term medium channels long and commercial product users. audio retail-based we and with new front, interact to gifting the effectively On in
tested have the which as categories [ new such as and Xiao chatroom games base. young our light such also ] user features, Xiong in largest interactive Love We Fortune Telling
Our data the paying new the was that than higher shows conversion features features. one of the existing
about let to Turning and its financial performance. me user Tantan, first trends talk
can mentioned years over the strategy improvement combination base. a Tantan's in an channel Although has significant over we At product to RMB our profitability, users. X in Meanwhile, retention. improve significantly effective same years investments to The led effectively by to user resulted branding and factors implemented reduction in in solution efficiency the driven past has user organic of level pressure on June. continued the decreasing decline continuous put investment Tantan been XX.X above has the able million has lack to reduction in X% MAU sequentially the that Tantan's the haven't cost find time, of
As the short-term Tantan had MAU, of to end well reasons million decline redesign from X page. XXX,XXX of the the in user upgrade, new second ] conversion of paying quarter, UI negative The [ paying on the renewable were new a regulatory-related impact main and sequentially. users, down
due million, to our which down result with live-streaming, a was XX% which revenue reduction of the the in was Total of among Financial. users. dating the decreased as business emphasize Tantan mainly the of has year-over-year significantly RMB and paying to Turning ARPPU to Overall, quarter sequentially, the year-over-year, flat for experience. ARPPU lower strategy live-streaming correlation number X% a XXX the
to membership ARPPU pay-as-you-go as a [ the additional to such the members, saw go efforts priced year-on-year let enabling thanks for ], [ increase, relatively facilities promote of ] SVIP products overall significant high ARPPU. privilege While and our
X% In was year-over-year [ while down XX% revenue ] business and sequentially, XX VAS revenue down XXX million, was RMB X% million, year-over-year RMB sequentially. live-streaming and terms of line, XX%
user Now challenges I we face. and to products the we efforts fronts would Tantan like on and acquisition you through make the walk
awareness high in of people. as users and user such [indiscernible] young cooperation offline young in users organic the we marketing branding due a promotion, significant on venues the weak to metropolitan bars address of to conducted quarter among clubs with a First, with and decline during and in acquisition density cities the the fronts, issues events brand
community long-term among channels, online popularity. to improving been for channels by has the focused fruits. media and driving oriented us in time, promotion for the through growth -- relatively continuous positive compared entertainment long-term young our users, core on reasonable
Therefore, is This continuous branding increasing with emphasizing initiative can in a bear product brand marketing oriented of a especially brand be a a and new as dating, user Tantan come future. acquisition leverage user stable and range it quarters. opportunities core the people's important investments our is long-term gradually with and value We Tantan experience for believe increase of to that dating organic people awareness the controllable plays Tantan's to brand for of that for on we young brand awareness focus exposure investments direction strengthening But of by also in experience growth over We recent growth the will overall strategy through improvements. awareness
our acquisition resulting ARPPU channel the in to user new which led users combined ARPPU. worked upgrades, decrease e-commerce high-end in pressure UI to user festival [indiscernible] sequential channel the the the user with led ROI. competition, unit increase acquisition membership which high-value this, product and relatively teams factors To the together helped membership from a such channels, on acquisition a increase recommend sequential adjust product to in the to in as user On on fierce June, costs,
version give and we update let made an Now prior in Tantan dating Preliminary me on operational you X to interviews user user sites. the the progress pain and for [ worked second users. experience surveys revealed upgraded the improve ] major has In points on an on quarter, experience.
photos since the second, primarily chat identity. year, Since spamming information, First, true. after too has stems issue uncertainty effectively to good picture And and from looked user's to incomplete beginning be that of experience profile issues matching. inauthentic of profiles the response the as lack person new of feedback of and on lack controlled user been authenticity such authentication about of
user more The profile with spend about complete redesign content conversation those and swiping. PolyData focused in and profile that users them first rates than before picture with information QX basic to to guiding potential phase of on higher just information. encouraging significantly learning profile matching richer their post-match has time our a shows
on that on profitable with reasons which was decline so conversion at growth. to redesign one do which paying negative of of our them [indiscernible] experience user user impact at a relies improvement in user believe quick sequential users' conflicted of paying of features sacrifices commercial of a interaction user for largely value strategic we experience making users. monetize existing pictures. than us looking into improve However, long-term Tantan this get number is solely in this business goal on experience experience matching product expense swiping model, add based new the for and profile improve achieve Tantan's rather that optimally The decisions can to the critical We cycle. the short-term foundation downward only to the
Nevertheless, should
product on negative our experience new upgrades commercial optimize to and ARPU, caused upgrades. should increase by offset product impact the which the ongoing team paying the optimization, user During to product continue revenue will partially
of the by RMB stable up app X% sequentially, ] revenue million, XX% [ and channel and quarter, growth in terms year-over-year ROI, driving our in a overseas second business, of MAU channel the mainly paying driven investments, endeavors, steady XXX new users. remotely total in Lastly, with new reached our increased
paying the accelerating local teams localization team gifts users solid gifts a user users, been efforts size increase sustainable business the ], our research has turn On After a strengthening number fronts, the [indiscernible] services has KPIs. simultaneous of drove our since the paying the that stable operations in our year. product business. top-tier localization better commercial overseas supply The ARPPU beginning team users of virtual increase overseas laid and led for local in standardize high-paying props our of and the to growth. in These refine for match operational which and on and our in [ preferences. Meanwhile, collaboration and introduced product process combined ARPPU and significant foundation growth
on live-streaming. These anticipated a and MENA we beginning as X in longer [indiscernible] efforts service we of regional that initiatives the at as localized expansion require tasks: offering are we taking our key the focusing region, our Regarding are expanding expansion [indiscernible] team to from year, the [indiscernible]. than realize highly
our must shortcoming. terms done my couple years invest clear our now we potential not will enough remarks. of in we past the in remain region. MENA X accelerating efforts we to what continue localization, confident are the make have growth and of We in Overall, to in up of the do concludes grow, now
This to a Compared understanding months region. to we ago, this and we to in have continue
please. call the Cathy, to financial Cathy pass me let over Now for the review.
