US Market News
4週前
Autohome Inc. Announces Unaudited First Quarter 2026 Financial ResultsMay 28, 2026 5:30 AM
PR Newswire (US) BEIJING, May 28, 2026 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced its unaudited financial results for the three months ended March 31, 2026.First Quarter 2026 Highlights[1]Net revenues in the first quarter of 2026 were RMB1,048.4 million (US$152.0 million), compared to RMB1,453.8 million in the corresponding period of 2025.Net income attributable to Autohome in the first quarter of 2026 was RMB44.3 million (US$6.4 million), compared to RMB356.6 million in the corresponding period of 2025, while net income attributable to ordinary shareholders in the first quarter of 2026 was RMB44.3 million (US$6.4 million), compared to RMB340.5 million in the corresponding period of 2025.Adjusted net income attributable to Autohome (Non-GAAP)[2] in the first quarter of 2026 was RMB179.2 million (US$26.0 million), compared to RMB420.8 million in the corresponding period of 2025.Share repurchase: As of May 22, 2026, the Company had repurchased 3,465,236 American depositary shares ("ADSs") for a total cost of approximately US$62.3 million.Cash Dividend: The Company's board of directors has approved a cash dividend of US$0.66 per ADS (or US$0.1650 per ordinary share) payable in U.S. dollars (the "Dividend") to holders of ADSs and ordinary shares of record as of the close of business on July 2, 2026. The aggregate amount of the Dividend will be approximately RMB0.5 billion and is expected to be paid to holders of ordinary shares and ADSs of the Company on or around July 24, 2026 and July 31, 2026, respectively. [1] The reporting currency of the Company is Renminbi ("RMB"). For readers' convenience, certain amounts throughout the release are presented in US dollars ("US$"). Unless otherwise noted, all conversions from RMB to US$ are translated at the noon buying rate of US$1.00 to RMB6.8980 on March 31, 2026, in the City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate.[2] For more information on this and other non-GAAP financial measures, please see the section captioned "Use of Non-GAAP Financial Measures" and the tables captioned "Unaudited Reconciliations of Non-GAAP and GAAP Results" set forth at the end of this release.Mr. Chi Liu, Chairman of the Board of Directors and Chief Executive Officer of Autohome, stated, "We began the year by rolling out a series of initiatives to accelerate the transformation of our platform from an automotive information media into a comprehensive automotive service ecosystem. On the user front, we have initiated a major brand refresh and upgraded Autohome's App, shifting our focus towards users' interests and the end-to-end car-purchase journey to more precisely address consumer demand. At the same time, by strengthening the development of premium content and expanding our new media matrix, we continued to grow our user base steadily. According to QuestMobile, the average number of our mobile daily active users in March 2026 reached a record high of over 80 million, up 4.9% year-over-year. With regard to our transaction platform development, our new retail business launched an 'online-car-purchase' feature in two cities, piloting collaborative initiatives with dealerships to explore new e-commerce experiences for car purchases. We also continued to advance our global expansion. YesAuto, our overseas platform, officially launched operations in Thailand. Our global used car export platform also went live and received positive feedback from the market. Together, these advancements mark the beginning of a new development phase for Autohome, characterized by a dual-circulation model encompassing both domestic and international markets."Mr. Craig Yan Zeng, Chief Financial Officer of Autohome, added, "While advancing our business initiatives, we have consistently maintained a healthy balance sheet and continued to deliver on our commitment to providing stable shareholder returns. Our board of directors has approved the cash dividend plan for the first half of 2026, at the same time we have been actively executing share repurchases in the open market, with the total cumulative repurchases exceeding US$62 million as of last week. Looking ahead, we will continue to focus on areas of emerging growth while maintaining stringent cost controls to create long-term value for our shareholders."Unaudited First Quarter 2026 Financial Results Net RevenuesNet revenues in the first quarter of 2026 were RMB1,048.4 million (US$152.0 million), compared to RMB1,453.8 million in the corresponding period of 2025. The decline was primarily driven by reduced advertising spending from automakers amid shrinking sales volumes, along with a decrease in the number of paying dealers — both of which adversely affected the Company's related business lines.Media services revenues were RMB162.7 million (US$23.6 million) in the first quarter of 2026, compared to RMB242.2 million in the corresponding period of 2025.Leads generation services revenues were RMB503.5 million (US$73.0 million) in the first quarter of 2026, compared to RMB645.1 million in the corresponding period of 2025.Online marketplace and others revenues were RMB382.3 million (US$55.4 million) in the first quarter of 2026, compared to RMB566.5 million in the corresponding period of 2025.Cost of RevenuesCost of revenues was RMB257.0 million (US$37.3 million) in the first quarter of 2026, compared to RMB315.5 million in the corresponding period of 2025. Share-based compensation expense included in cost of revenues in the first quarter of 2026 was RMB1.0 million (US$0.1 million), compared to RMB2.4 million in the corresponding period of 2025.Operating ExpensesOperating expenses were RMB900.1 million (US$130.5 million) in the first quarter of 2026, compared to RMB948.8 million in the corresponding period of 2025.Sales and marketing expenses were RMB506.3 million (US$73.4 million) in the first quarter of 2026, compared to RMB543.6 million in the corresponding period of 2025. Share-based compensation expenses included in sales and marketing expenses in the first quarter of 2026 were RMB9.2 million (US$1.3 million), compared to RMB12.3 million in the corresponding period of 2025.General and administrative expenses were RMB119.9 million (US$17.4 million) in the first quarter of 2026, compared to RMB131.0 million in the corresponding period of 2025. Share-based compensation expenses included in general and administrative expenses in the first quarter of 2026 were RMB7.2 million (US$1.1 million), compared to RMB11.2 million in the corresponding period of 2025.Product development expenses were RMB273.9 million (US$39.7 million) in the first quarter of 2026, compared to RMB274.1 million in the corresponding period of 2025. Share-based compensation expenses included in product development expenses in the first quarter of 2026 were RMB18.6 million (US$2.7 million), compared to RMB19.6 million in the corresponding period of 2025.Operating Loss/ProfitOperating loss was RMB34.4 million (US$5.0 million) in the first quarter of 2026, compared to operating profit of RMB233.4 million in the corresponding period of 2025. Income Tax ExpenseIncome tax expense was RMB25.2 million (US$3.7 million) in the first quarter of 2026, compared to income tax expense of RMB56.3 million in the corresponding period of 2025.Net Income Attributable to AutohomeNet income attributable to Autohome was RMB44.3 million (US$6.4 million) in the first quarter of 2026, compared to RMB356.6 million in the corresponding period of 2025.Net Income Attributable to Ordinary Shareholders and Earnings per Share/ADSNet income attributable to ordinary shareholders was RMB44.3 million (US$6.4 million) in the first quarter of 2026, compared to RMB340.5 million in the corresponding period of 2025. Basic and diluted earnings per share ("EPS") were RMB0.10 (US$0.01) and RMB0.10 (US$0.01), respectively, in the first quarter of 2026, compared to basic and diluted EPS of RMB0.72 and RMB0.71, respectively, in the corresponding period of 2025. Basic and diluted earnings per ADS were RMB0.38 (US$0.06) and RMB0.38 (US$0.06), respectively, in the first quarter of 2026, compared to basic and diluted earnings per ADS of RMB2.86 and RMB2.85, respectively, in the corresponding period of 2025.Adjusted Net Income Attributable to Autohome (Non-GAAP) and Non-GAAP EPS/ADSAdjusted net income attributable to Autohome (Non-GAAP) was RMB179.2 million (US$26.0 million) in the first quarter of 2026, compared to RMB420.8 million in the corresponding period of 2025. Non-GAAP basic and diluted EPS were RMB0.39 (US$0.06) and RMB0.39 (US$0.06), respectively, in the first quarter of 2026, compared to non-GAAP basic and diluted EPS of RMB0.88 and RMB0.88, respectively, in the corresponding period of 2025. Non-GAAP basic and diluted earnings per ADS were RMB1.55 (US$0.22) and RMB1.54 (US$0.22), respectively, in the first quarter of 2026, compared to non-GAAP basic and diluted earnings per ADS of RMB3.54 and RMB3.52, respectively, in the corresponding period of 2025.Balance Sheet and Cash FlowAs of March 31, 2026, the Company had cash and cash equivalents, short-term investments and other long-term investments of RMB20.04 billion (US$2.91 billion). Net cash used in operating activities in the first quarter of 2026 was RMB143.0 million (US$20.7 million).Employees The Company had 3,876 employees as of March 31, 2026, including 1,219 employees from TTP Car, Inc.Conference Call InformationThe Company will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on Thursday, May 28, 2026 (8:00 p.m. Beijing Time on the same day).Please register in advance of the conference call using the registration link provided below. Upon registering, each participant will receive a set of dial-in numbers and a personal PIN, which will be used to join the conference call.Registration Link:
https://register-conf.media-server.com/register/BI729eaeb6b356412fadcc85dd017f499ePlease use the conference access information to join the call 10 minutes before the call is scheduled to begin.Additionally, a live and archived webcast of the conference call will be available at https://ir.autohome.com.cn and a replay of the webcast will be available following the session.About AutohomeAutohome Inc. (NYSE: ATHM; HKEX: 2518) is the leading online destination for automobile consumers in China. Its mission is to relentlessly reduce auto industry decision-making and transaction costs driven by advanced technology. Autohome provides occupationally generated content, professionally generated content, user-generated content, and AI-generated content, a comprehensive automobile library, and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle. The ability to reach a large and engaged user base of automobile consumers has made Autohome a preferred platform for automakers and dealers to conduct their advertising campaigns. Further, the Company's dealer subscription and advertising services allow dealers to market their inventory and services through Autohome's platform, extending the reach of their physical showrooms to potentially millions of internet users in China and generating sales leads for them. The Company offers sales leads, data analysis, and marketing services to assist automakers and dealers with improving their efficiency and facilitating transactions. Further, through its websites and mobile applications, it also provides other value-added services, including auto financing, auto insurance, used car transactions, and aftermarket services. For further information, please visit https://www.autohome.com.cn/.Safe Harbor Statement This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates" and similar statements. Among other things, Autohome's business outlook, Autohome's strategic and operational plans and quotations from management in this announcement contain forward-looking statements. Autohome may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission ("SEC"), in announcements made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Autohome's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Autohome's goals and strategies; Autohome's future business development, results of operations and financial condition; the expected growth of the online automobile advertising market in China; Autohome's ability to attract and retain users and advertisers and further enhance its brand recognition; Autohome's expectations regarding demand for and market acceptance of its products and services; competition in the online automobile advertising industry; relevant government policies and regulatory environment of China; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Autohome's filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Autohome does not undertake any obligation to update any forward-looking statement, except as required under applicable law.Use of Non-GAAP Financial Measures To supplement net income presented in accordance with U.S. GAAP, we use Adjusted Net Income attributable to Autohome, Non-GAAP basic and diluted EPS and earnings per ADS, Adjusted net margin and Adjusted EBITDA as non-GAAP financial measures. We define Adjusted Net Income attributable to Autohome as net income attributable to Autohome excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisition, share of results of equity method investments, and non-recurring employee severance costs, with all the reconciliation items adjusted for related income tax effects. We define non-GAAP basic and diluted EPS as Adjusted Net Income attributable to Autohome divided by the basic and diluted weighted average number of ordinary shares. We define non-GAAP basic and diluted earnings per ADS as Adjusted Net Income attributable to Autohome divided by the basic and diluted weighted average number of ADSs. We define Adjusted net margin as Adjusted Net Income attributable to Autohome divided by total net revenues. We define Adjusted EBITDA as net income attributable to Autohome before income tax expense, depreciation expenses of property and equipment, amortization expenses of intangible assets and share-based compensation expenses. We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance, in addition to net income prepared in accordance with U.S. GAAP. We believe these non-GAAP financial measures are important to help investors understand our operating and financial performance, compare business trends among different reporting periods on a consistent basis and assess our core operating results, as they exclude certain non-cash charges or items that are non-operating in nature. The use of the above non-GAAP financial measures has certain limitations as they excluded certain items that have been and will continue to be incurred in the future, but such items should be considered in the overall evaluation of our results. These non-GAAP financial measures should be considered in addition to financial measures prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Unaudited Reconciliation of non-GAAP and GAAP Results" set fourth at the end of this press release.For investor and media inquiries, please contact:Autohome Inc.
Sterling Song
Investor Relations Director
Tel: +86-10-5985-7483
E-mail: ir@autohome.com.cn Christensen China Limited
Suri Cheng
Tel: +86-185-0060-8364
E-mail: suri.cheng@christensencomms.comAUTOHOME INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS DATA(Amount in thousands, except share and per share / per ADS data
For three months ended March 31,
2025
2026
RMB
RMB
US$Net revenues:
Media services242,179
162,683
23,584Leads generation services 645,143
503,455
72,986Online marketplace and others566,496
382,301
55,422Total net revenues 1,453,818
1,048,439
151,992Cost of revenues(315,520)
(257,028)
(37,261)Gross profit 1,138,298
791,411
114,731
Operating expenses:
Sales and marketing expenses (543,639)
(506,349)
(73,405)General and administrative expenses (131,023)
(119,859)
(17,376)Product development expenses (274,141)
(273,860)
(39,701)Total operating expenses(948,803)
(900,068)
(130,482)Other operating income, net43,860
74,250
10,764Operating profit/(loss)233,355
(34,407)
(4,987)Interest and investment income, net177,071
142,137
20,606Share of results of equity method investments(11,636)
(55,548)
(8,053)Income before income taxes 398,790
52,182
7,566Income tax expense(56,329)
(25,219)
(3,656)Net income 342,461
26,963
3,910Net loss attributable to noncontrolling interests14,174
17,288
2,506Net income attributable to Autohome356,635
44,251
6,416Accretion of mezzanine equity(45,654)
(49,433)
(7,166)Accretion attributable to noncontrolling interests29,469
49,433
7,166Net income attributable to ordinary shareholders340,450
44,251
6,416
Earnings per share attributable to ordinary
shareholders
Basic 0.72
0.10
0.01Diluted 0.71
0.10
0.01Earnings per ADS attributable to ordinary shareholders
(one ADS equals for four ordinary shares)
Basic 2.86
0.38
0.06Diluted 2.85
0.38
0.06
Weighted average shares used to compute earnings per share attributable to
ordinary shareholders:
Basic 475,483,227
462,976,351
462,976,351 Diluted478,030,619
464,566,955
464,566,955 AUTOHOME INC.
UNAUDITED RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS
(Amount in thousands, except per share / per ADS data)
For three months ended March 31,
2025
2026
RMB
RMB
US$
Net income attributable to Autohome356,635
44,251
6,416
Plus: income tax expense 57,669
25,556
3,705
Plus: depreciation of property and equipment27,370
27,800
4,030
Plus: amortization of intangible assets9,621
444
64
EBITDA451,295
98,051
14,215
Plus: share-based compensation
expenses45,490
36,029
5,223
Adjusted EBITDA496,785
134,080
19,438
Net income attributable to Autohome 356,635
44,251
6,416
Plus: amortization of intangible assets resulting from business
acquisition9,583
432
63
Plus: share-based compensation expenses45,490
36,029
5,223
Plus: share of results of equity method investments11,636
55,548
8,053
Plus: Non-recurring employee severance costs-
61,794
8,958
Plus: tax effects of the adjustments(2,574)
(18,841)
(2,731)
Adjusted net income attributable to Autohome420,770
179,213
25,982
Net income attributable to Autohome356,635
44,251
6,416
Net margin24.5 %
4.2 %
4.2 %
Adjusted net income attributable to Autohome420,770
179,213
25,982
Adjusted net margin28.9 %
17.1 %
17.1 %
Non-GAAP earnings per share
Basic0.88
0.39
0.06
Diluted0.88
0.39
0.06
Non-GAAP earnings per ADS (one ADS equals for four
ordinary shares)
Basic3.54
1.55
0.22
Diluted3.52
1.54
0.22
Weighted average shares used to compute non-GAAP
earnings per share:
Basic475,483,227
462,976,351
462,976,351
Diluted478,030,619
464,566,955
464,566,955
AUTOHOME INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET(Amount in thousands, except as noted)
As of December 31,
As of March 31,
2025
2026
RMB
RMB
US$ASSETS
Current assets
Cash and cash equivalents2,175,493
1,381,652
200,297Restricted cash74,424
85,142
12,343Short-term investments17,063,633
17,027,839
2,468,518Accounts receivable, net1,521,347
1,683,025
243,987Amounts due from related parties, current43,599
34,621
5,019Prepaid expenses and other current assets 308,733
320,723
46,495Total current assets21,187,229
20,533,002
2,976,659Non-current assets
Restricted cash, non-current5,000
5,000
725Property and equipment, net191,063
205,342
29,768Goodwill and intangible assets, net3,995,489
3,992,803
578,835Long-term equity investments442,017
386,469
56,026Other long-term investments2,124,783
1,634,544
236,959Deferred tax assets 262,622
270,872
39,268Amounts due from related parties, non-current9,709
9,709
1,408Other non-current assets90,612
149,197
21,629Total non-current assets7,121,295
6,653,936
964,618Total assets28,308,524
27,186,938
3,941,277
LIABILITIES AND EQUITY
Current liabilities
Accrued expenses and other payables2,192,496
1,802,383
261,288Advance from customers98,083
111,235
16,126Deferred revenue170,836
490,950
71,173Income tax payable82,000
108,647
15,751Amounts due to related parties13,739
5,033
730Dividends payable976,382
-
-Total current liabilities3,533,536
2,518,248
365,068Non-current liabilities
Other liabilities21,544
56,602
8,206Deferred tax liabilities458,266
457,624
66,342Total non-current liabilities479,810
514,226
74,548Total liabilities4,013,346
3,032,474
439,616
MEZZANINE EQUITY
Convertible redeemable noncontrolling interests2,121,191
2,170,624
314,674
EQUITY
Total Autohome shareholders' equity23,041,328
22,917,938
3,322,403Noncontrolling interests (867,341)
(934,098)
(135,416)Total equity 22,173,987
21,983,840
3,186,987Total liabilities, mezzanine equity and equity28,308,524
27,186,938
3,941,277 View original content:https://www.prnewswire.com/news-releases/autohome-inc-announces-unaudited-first-quarter-2026-financial-results-302784138.htmlSOURCE Autohome Inc. Original: Autohome Inc. Announces Unaudited First Quarter 2026 Financial Results
US Market News
4月前
Autohome Inc. Announces Unaudited Fourth Quarter and Full Year 2025 Financial Results and US$200 Million Share Repurchase ProgramMarch 5, 2026 4:30 AM
PR Newswire (US)
BEIJING, March 5, 2026 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced its unaudited financial results for the three months and full year ended December 31, 2025.Fourth Quarter 2025 Highlights[1] Net revenues in the fourth quarter of 2025 were RMB1,462.0 million (US$209.1 million), compared to RMB1,783.4 million in the corresponding period of 2024.Net income attributable to Autohome in the fourth quarter of 2025 was RMB233.9 million (US$33.4 million), compared to RMB320.5 million in the corresponding period of 2024, while net income attributable to ordinary shareholders in the fourth quarter of 2025 was RMB226.4 million (US$32.4 million), compared to RMB304.4 million in the corresponding period of 2024.Adjusted net income attributable to Autohome (Non-GAAP)[2] in the fourth quarter of 2025 was RMB303.7 million (US$43.4 million), compared to RMB486.5 million in the corresponding period of 2024.Share repurchase:
Under the share repurchase program effective from September 4, 2024, the Company had repurchased 7,116,939 American depositary shares ("ADSs") for a total cost of approximately US$184.5 million.On March 5, 2026, Autohome's Board of Directors authorized a new share repurchase program under which the Company may repurchase up to US$200 million of its American depositary shares over the next eighteen months.The Company's proposed repurchases may be made from time to time through open market transactions at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on the market conditions and in accordance with applicable rules and regulations. The timing and dollar amount of repurchase transactions will be subject to the Securities and Exchange Commission Rule 10b-18 and/or Rule 10b5-1 requirements. The Company's Board of Directors will review the authorized share repurchase program periodically, and may authorize adjustment of its terms and size or suspend or discontinue the program. The Company plans to fund repurchases from its existing cash balance.[1] The reporting currency of the Company is Renminbi ("RMB"). For readers' convenience, certain amounts throughout the release are presented in US dollars ("US$"). Unless otherwise noted, all conversions from RMB to US$ are translated at the noon buying rate of US$1.00 to RMB6.9931 on December 31, 2025, in the City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate.[2] For more information on this and other non-GAAP financial measures, please see the section captioned "Use of Non-GAAP Financial Measures" and the tables captioned "Unaudited Reconciliations of Non-GAAP and GAAP Results" set forth at the end of this release.Full Year 2025 Highlights1Net revenues in 2025 were RMB6,452.0 million (US$922.6 million), compared to RMB7,039.6 million in 2024.Net income attributable to Autohome in 2025 was RMB1,442.8 million (US$206.3 million), compared to RMB1,681.1 million in 2024, while net income attributable to ordinary shareholders in 2025 was RMB1,385.1 million (US$198.1 million), compared to RMB1,619.6 million in 2024.Adjusted net income attributable to Autohome (Non-GAAP)2 in 2025 was RMB1,607.0 million (US$229.8 million), compared to RMB2,050.0 million in 2024.Mr. Chi Liu, Chairman of the Board of Directors and Chief Executive Officer of Autohome, stated, "2025 was a pivotal year in our evolution, transforming from an automotive information platform into a comprehensive automotive service ecosystem. Facing a dynamic industry landscape, our focus was on driving two core initiatives. On the content front, we continued to strengthen the development of high-quality content while enhancing our creator ecosystem and expanding new media distribution capabilities. On the service front, we accelerated the development of fully integrated online-to-offline services to create a more efficient and convenient end-to-end automotive service ecosystem for users and industry partners. Throughout this transformation, we are leveraging AI as a core engine to drive product innovation and optimize operations. Moving forward, we remain committed to improving the user experience, continuously enhancing our service and transaction ecosystem, and driving high-quality and sustainable development of Autohome."Mr. Craig Yan Zeng, Chief Financial Officer of Autohome, added, "Over the past year, we continued to build our content ecosystem by expanding user reach through emerging media channels. Our Autohome Media MCN now includes over 500 top-tier creators across diverse fields, broadening our engagement across user groups. On the transaction service side, Autohome Mall, which launched in the second half of 2025, got off to a stable start, demonstrating a positive development trajectory. Driven by the robust performance of our new retail business, our online marketplace and others revenues increased by 8.8% year-over-year in 2025. Looking ahead, we will continue to innovate and explore new business models to deliver long-term value to our shareholders."Unaudited Fourth Quarter 2025 Financial Results Net RevenuesNet revenues in the fourth quarter of 2025 were RMB1,462.0 million (US$209.1 million), compared to RMB1,783.4 million in the corresponding period of 2024. Media services revenues were RMB333.8 million (US$47.7 million) in the fourth quarter of 2025, compared to RMB436.8 million in the corresponding period of 2024, primarily due to reduced advertising spending by internal combustion engine ("ICE") automakers amid shrinking sales volumes in the ICE segment.Leads generation services revenues were RMB667.8 million (US$95.5 million) in the fourth quarter of 2025, compared to RMB758.4 million in the corresponding period of 2024.Online marketplace and others revenues were RMB460.3 million (US$65.8 million) in the fourth quarter of 2025, compared to RMB588.2 million in the corresponding period of 2024.Cost of RevenuesCost of revenues was RMB318.9 million (US$45.6 million) in the fourth quarter of 2025, compared to RMB428.6 million in the corresponding period of 2024. Share-based compensation expense included in cost of revenues in the fourth quarter of 2025 was RMB3.8 million (US$0.5 million), compared to RMB2.2 million in the corresponding period of 2024.Operating ExpensesOperating expenses were RMB1,111.5 million (US$158.9 million) in the fourth quarter of 2025, compared to RMB1,177.0 million in the corresponding period of 2024.Sales and marketing expenses were RMB738.6 million (US$105.6 million) in the fourth quarter of 2025, compared to RMB717.8 million in the corresponding period of 2024. Share-based compensation expenses included in sales and marketing expenses in the fourth quarter of 2025 were RMB12.4 million (US$1.8 million), compared to RMB10.3 million in the corresponding period of 2024.General and administrative expenses were RMB115.0 million (US$16.4 million) in the fourth quarter of 2025, compared to RMB131.2 million in the corresponding period of 2024. Share-based compensation expenses included in general and administrative expenses in the fourth quarter of 2025 were RMB12.2 million (US$1.7 million), compared to RMB13.6 million in the corresponding period of 2024.Product development expenses were RMB258.0 million (US$36.9 million) in the fourth quarter of 2025, compared to RMB328.0 million in the corresponding period of 2024, primarily due to a decrease in personnel-related expenses. Share-based compensation expenses included in product development expenses in the fourth quarter of 2025 were RMB18.1 million (US$2.6 million), compared to RMB15.6 million in the corresponding period of 2024.Operating ProfitOperating profit was RMB92.3 million (US$13.2 million) in the fourth quarter of 2025, compared to RMB232.4 million in the corresponding period of 2024. Income Tax ExpenseIncome tax expense was RMB6.4 million (US$0.9 million) in the fourth quarter of 2025, compared to income tax expense of RMB31.4 million in the corresponding period of 2024.Net Income Attributable to AutohomeNet income attributable to Autohome was RMB233.9 million (US$33.4 million) in the fourth quarter of 2025, compared to RMB320.5 million in the corresponding period of 2024.Net Income Attributable to Ordinary Shareholders and Earnings per Share/ADSNet income attributable to ordinary shareholders was RMB226.4 million (US$32.4 million) in the fourth quarter of 2025, compared to RMB304.4 million in the corresponding period of 2024. Basic and diluted earnings per share ("EPS") were RMB0.48 (US$0.07) and RMB0.48 (US$0.07), respectively, in the fourth quarter of 2025, compared to basic and diluted EPS of RMB0.63 and RMB0.62, respectively, in the corresponding period of 2024. Basic and diluted earnings per ADS were RMB1.94 (US$0.28) and RMB1.93 (US$0.28), respectively, in the fourth quarter of 2025, compared to basic and diluted earnings per ADS of RMB2.51 and RMB2.50, respectively, in the corresponding period of 2024.Adjusted Net Income Attributable to Autohome (Non-GAAP) and Non-GAAP EPS/ADSAdjusted net income attributable to Autohome (Non-GAAP) was RMB303.7 million (US$43.4 million) in the fourth quarter of 2025, compared to RMB486.5 million in the corresponding period of 2024. Non-GAAP basic and diluted EPS were RMB0.65 (US$0.09) and RMB0.65 (US$0.09), respectively, in the fourth quarter of 2025, compared to non-GAAP basic and diluted EPS of RMB1.00 and RMB1.00, respectively, in the corresponding period of 2024. Non-GAAP basic and diluted earnings per ADS were RMB2.60 (US$0.37) and RMB2.59 (US$0.37), respectively, in the fourth quarter of 2025, compared to non-GAAP basic and diluted earnings per ADS of RMB4.02 and RMB3.99, respectively, in the corresponding period of 2024.Unaudited Full Year 2025 Financial ResultsNet RevenuesNet revenues in 2025 were RMB6,452.0 million (US$922.6 million), compared to RMB7,039.6 million in 2024. Media services revenues were RMB1,153.4 million (US$164.9 million) in 2025, compared to RMB1,523.1 million in 2024, primarily due to reduced advertising spending by ICE automakers amid shrinking sales volumes in the ICE segment.Leads generation services revenues were RMB2,709.2 million (US$387.4 million) in 2025, compared to RMB3,135.9 million in 2024. The decline was primarily attributable to a reduction in the number of paying dealers and a lower average revenue per dealer as we expanded our footprint across lower-tier cities.Online marketplace and others revenues were RMB2,589.4 million (US$370.3 million) in 2025, compared to RMB2,380.6 million in 2024.Cost of RevenuesCost of revenues was RMB1,783.8 million (US$255.1 million) in 2025, compared to RMB1,483.2 million in 2024, primarily due to higher transaction costs associated with the Company's new retail business in lower-tier cities. Share-based compensation expense included in cost of revenues was RMB14.8 million (US$2.1 million) in 2025, compared to RMB8.1 million in 2024.Operating ExpensesOperating expenses were RMB4,100.4 million (US$586.4 million) in 2025, compared to RMB4,841.4 million in 2024.Sales and marketing expenses were RMB2,532.7 million (US$362.2 million) in 2025, compared to RMB2,988.2 million in 2024, primarily due to a decrease in marketing and promotional expenses. Share-based compensation expenses included in sales and marketing expenses in 2025 were RMB56.9 million (US$8.1 million), compared to RMB48.4 million in 2024.General and administrative expenses were RMB504.0 million (US$72.1 million) in 2025, compared to RMB534.8 million in 2024. Share-based compensation expenses included in general and administrative expenses in 2025 were RMB60.1 million (US$8.6 million), compared to RMB51.1 million in 2024.Product development expenses were RMB1,063.7 million (US$152.1 million) in 2025, compared to RMB1,318.4 million in 2024, primarily due to a decrease in personnel-related expenses. Share-based compensation expenses included in product development expenses in 2025 were RMB87.1 million (US$12.5 million), compared to RMB84.3 million in 2024.Operating ProfitOperating profit was RMB769.3 million (US$110.0 million) in 2025, compared to RMB1,003.5 million in 2024.Income Tax ExpenseIncome tax expense was RMB141.7 million (US$20.3 million) in 2025, compared to an income tax expense of RMB63.0 million in 2024. The increase was primarily attributable to the prior-year tax filing adjustments, and less benefits from preferential income tax rates and tax holidays for certain subsidiaries in the PRC.Net Income attributable to AutohomeNet income attributable to Autohome was RMB1,442.8 million (US$206.3 million) in 2025, compared to RMB1,681.1 million in 2024.Net Income attributable to Ordinary Shareholders and Earnings per Share/ADS Net income attributable to ordinary shareholders was RMB1,385.1 million (US$198.1 million) in 2025, compared to RMB1,619.6 million in 2024. Basic and diluted EPS were RMB2.95 (US$0.42) and RMB2.93 (US$0.42), respectively, in 2025 as compared to basic and diluted EPS of RMB3.34 and RMB3.33, respectively, in 2024. Basic and diluted earnings per ADS were RMB11.78 (US$1.69) and RMB11.74 (US$1.68), respectively, in 2025 as compared to basic and diluted earnings per ADS of RMB13.36 and RMB13.31, respectively, in 2024.Adjusted Net Income attributable to Autohome (Non-GAAP) and Non-GAAP Earnings per Share/ADSAdjusted net income attributable to Autohome (Non-GAAP) was RMB1,607.0 million (US$229.8 million) in 2025, compared to RMB2,050.0 million in 2024. Non-GAAP basic and diluted EPS were RMB3.42 (US$0.49) and RMB3.40 (US$0.49), respectively, in 2025 as compared to non-GAAP basic and diluted EPS of RMB4.23 and RMB4.21, respectively, in 2024. Non-GAAP basic and diluted earnings per ADS were RMB13.67 (US$1.95) and RMB13.62 (US$1.95), respectively, in 2025 as compared to non-GAAP basic and diluted earnings per ADS of RMB16.91 and RMB16.85, respectively, in 2024.Balance Sheet and Cash FlowAs of December 31, 2025, the Company had cash and cash equivalents, short-term investments and long-term financial products of RMB21.36 billion (US$3.05 billion). Net cash provided by operating activities in 2025 was RMB889.5 million (US$127.2 million).Employees The Company had 4,242 employees as of December 31, 2025, including 1,197 employees from TTP Car, Inc.Conference Call InformationThe Company will host an earnings conference call at 7:00 a.m. U.S. Eastern Time on Thursday, March 5, 2026 (8:00 p.m. Beijing Time on the same day).Please register in advance of the conference call using the registration link provided below. Upon registering, each participant will receive a set of dial-in numbers and a personal PIN, which will be used to join the conference call.Registration Link:https://register-conf.media-server.com/register/BIdfc55c5793964417869b4d3b671bd935Please use the conference access information to join the call 10 minutes before the call is scheduled to begin.Additionally, a live and archived webcast of the conference call will be available at https://ir.autohome.com.cn and a replay of the webcast will be available following the session.About AutohomeAutohome Inc. (NYSE: ATHM; HKEX: 2518) is the leading online destination for automobile consumers in China. Its mission is to relentlessly reduce auto industry decision-making and transaction costs driven by advanced technology. Autohome provides occupationally generated content, professionally generated content, user-generated content, and AI-generated content, a comprehensive automobile library, and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle. The ability to reach a large and engaged user base of automobile consumers has made Autohome a preferred platform for automakers and dealers to conduct their advertising campaigns. Further, the Company's dealer subscription and advertising services allow dealers to market their inventory and services through Autohome's platform, extending the reach of their physical showrooms to potentially millions of internet users in China and generating sales leads for them. The Company offers sales leads, data analysis, and marketing services to assist automakers and dealers with improving their efficiency and facilitating transactions. Further, through its websites and mobile applications, it also provides other value-added services, including auto financing, auto insurance, used car transactions, and aftermarket services. For further information, please visit https://www.autohome.com.cn/.Safe Harbor Statement This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates" and similar statements. Among other things, Autohome's business outlook, Autohome's strategic and operational plans and quotations from management in this announcement contain forward-looking statements. Autohome may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission ("SEC"), in announcements made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Autohome's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Autohome's goals and strategies; Autohome's future business development, results of operations and financial condition; the expected growth of the online automobile advertising market in China; Autohome's ability to attract and retain users and advertisers and further enhance its brand recognition; Autohome's expectations regarding demand for and market acceptance of its products and services; competition in the online automobile advertising industry; relevant government policies and regulatory environment of China; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Autohome's filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Autohome does not undertake any obligation to update any forward-looking statement, except as required under applicable law.Use of Non-GAAP Financial Measures To supplement net income presented in accordance with U.S. GAAP, we use Adjusted Net Income attributable to Autohome, Non-GAAP basic and diluted EPS and earnings per ADS, Adjusted net margin and Adjusted EBITDA as non-GAAP financial measures. We define Adjusted Net Income attributable to Autohome as net income attributable to Autohome excluding share-based compensation expenses, amortization of intangible assets resulting from business acquisition, investment loss relating to non-operating impact of a write-down of the initial investment in a financial product, share of results of equity method investments, and non-recurring employee severance costs, with all the reconciliation items adjusted for related income tax effects. We define non-GAAP basic and diluted EPS as Adjusted Net Income attributable to Autohome divided by the basic and diluted weighted average number of ordinary shares. We define non-GAAP basic and diluted earnings per ADS as Adjusted Net Income attributable to Autohome divided by the basic and diluted weighted average number of ADSs. We define Adjusted net margin as Adjusted Net Income attributable to Autohome divided by total net revenues. We define Adjusted EBITDA as net income attributable to Autohome before income tax expense, depreciation expenses of property and equipment, amortization expenses of intangible assets and share-based compensation expenses. We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance, in addition to net income prepared in accordance with U.S. GAAP. We believe these non-GAAP financial measures are important to help investors understand our operating and financial performance, compare business trends among different reporting periods on a consistent basis and assess our core operating results, as they exclude certain non-cash charges or items that are non-operating in nature. The use of the above non-GAAP financial measures has certain limitations as they excluded certain items that have been and will continue to be incurred in the future, but such items should be considered in the overall evaluation of our results. These non-GAAP financial measures should be considered in addition to financial measures prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Unaudited Reconciliation of non-GAAP and GAAP Results" set fourth at the end of this press release.For investor and media inquiries, please contact:Autohome Inc.
Sterling Song
Investor Relations Director
Tel: +86-10-5985-7483
E-mail: ir@autohome.com.cnChristensen China Limited Suri Cheng
Tel: +86-185-0060-8364
E-mail: suri.cheng@christensencomms.com AUTOHOME INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS DATA(Amount in thousands, except share and per share / per ADS data)
For three months ended December 31,
For year ended December 31,
2024
2025
20242025
RMB
RMB
US$
RMB
RMB
US$Net revenues:
Media services436,819
333,817
47,735
1,523,075
1,153,419
164,937Leads generation services 758,443
667,839
95,500
3,135,885
2,709,235
387,415Online marketplace and others588,174
460,342
65,828
2,380,627
2,589,376
370,276Total net revenues 1,783,436
1,461,998
209,063
7,039,587
6,452,030
922,628Cost of revenues(428,559)
(318,927)
(45,606)
(1,483,220)
(1,783,831)
(255,084)Gross profit 1,354,877
1,143,071
163,457
5,556,367
4,668,199
667,544
Operating expenses:
Sales and marketing expenses (717,812)
(738,569)
(105,614)
(2,988,169)
(2,532,667)
(362,167)General and administrative
expenses (131,168)
(114,964)
(16,440)
(534,809)
(504,013)
(72,072)Product development expenses (327,987)
(257,969)
(36,889)
(1,318,443)
(1,063,746)
(152,114)Total operating expenses(1,176,967)
(1,111,502)
(158,943)
(4,841,421)
(4,100,426)
(586,353)Other operating income, net54,498
60,690
8,679
288,551
201,514
28,816Operating profit232,408
92,259
13,193
1,003,497
769,287
110,007Interest and investment income,
net189,062
155,802
22,279
791,905
659,810
94,352Share of results of equity
method investments(77,389)
(17,957)
(2,568)
(109,094)
102,770
14,695Income before income taxes 344,081
230,104
32,904
1,686,308
1,531,867
219,054Income tax expense(31,375)
(6,430)
(919)
(62,959)
(141,745)
(20,269)Net income 312,706
223,674
31,985
1,623,349
1,390,122
198,785Net loss attributable to
noncontrolling interests7,817
10,219
1,461
57,774
52,708
7,537Net income attributable to
Autohome320,523
233,893
33,446
1,681,123
1,442,830
206,322Accretion of mezzanine equity(44,006)
(48,057)
(6,872)
(172,596)
(189,661)
(27,121)Accretion attributable to
noncontrolling interests27,895
40,573
5,802
111,035
131,964
18,870Net income attributable to
ordinary shareholders304,412
226,409
32,376
1,619,562
1,385,133
198,071
Earnings per share
attributable to ordinary
shareholders
Basic 0.63
0.48
0.07
3.34
2.95
0.42Diluted 0.62
0.48
0.07
3.33
2.93
0.42Earnings per ADS attributable
to ordinary shareholders
(one ADS equals for four ordinary shares)
Basic 2.51
1.94
0.28
13.36
11.78
1.69Diluted 2.50
1.93
0.28
13.31
11.74
1.68
Weighted average shares used to compute
earnings per share attributable to ordinary
shareholders:
Basic 484,428,433
467,419,423
467,419,423
484,945,912
470,186,664
470,186,664 Diluted487,443,601
469,612,367
469,612,367
486,552,724
472,096,864
472,096,864
AUTOHOME INC.UNAUDITED RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS(Amount in thousands, except share and per share / per ADS data)
For three months ended December 31,
For year ended December 31,
2024
2025
2024
2025
RMB
RMB
US$
RMB
RMB
US$
Net income attributable to Autohome320,523
233,893
33,446
1,681,123
1,442,830
206,322Plus: income tax expense 32,716
7,770
1,111
68,321
147,105
21,036Plus: depreciation of property and
equipment27,019
28,091
4,017
120,830
108,107
15,459Plus: amortization of intangible assets9,645
9,595
1,372
38,595
38,406
5,492EBITDA389,903
279,349
39,946
1,908,869
1,736,448
248,309Plus: share-based compensation
expenses41,743
46,435
6,640
192,024
218,974
31,313Adjusted EBITDA431,646
325,784
46,586
2,100,893
1,955,422
279,622
Net income attributable to Autohome 320,523
233,893
33,446
1,681,123
1,442,830
206,322Plus: amortization of intangible assets
resulting from business acquisition9,583
9,583
1,370
38,332
38,332
5,481Plus: share-based compensation
expenses41,743
46,435
6,640
192,024
218,974
31,313Plus: investment loss arising from one of
financial products[3]-
-
-
620
-
-Plus: share of results of equity method
investments77,389
17,957
2,568
109,094
(102,770)
(14,696)Plus: non-recurring employee severance
costs[4]60,847
-
-
60,847
-
-Plus: tax effects of the adjustments(23,565)
(4,217)
(603)
(31,992)
9,683
1,385Adjusted net income attributable to
Autohome486,520
303,651
43,421
2,050,048
1,607,049
229,805
Net income attributable to Autohome320,523
233,893
33,446
1,681,123
1,442,830
206,322Net margin18.0 %
16.0 %
16.0 %
23.9 %
22.4 %
22.4 %Adjusted net income attributable to
Autohome486,520
303,651
43,421
2,050,048
1,607,049
229,805Adjusted net margin27.3 %
20.8 %
20.8 %
29.1 %
24.9 %
24.9 %
Non-GAAP earnings per share
Basic1.00
0.65
0.09
4.23
3.42
0.49Diluted1.00
0.65
0.09
4.21
3.40
0.49Non-GAAP earnings per ADS (one
ADS equals for four ordinary shares)
Basic4.02
2.60
0.37
16.91
13.67
1.95Diluted3.99
2.59
0.37
16.85
13.62
1.95
Weighted average shares used to
compute non-GAAP earnings per share:
Basic484,428,433
467,419,423
467,419,423
484,945,912
470,186,664
470,186,664Diluted487,443,601
469,612,367
469,612,367
486,552,724
472,096,864
472,096,864
[3] It represents the loss of an investment with fair value below its initial investment, which was recognized at "interest and investment
income, net". The impact was considered to be not directly related to the Company's operating activities.[4] It represents the non-recurring employee severance costs associated with the optimization to the Company's organizational structure in
the fourth quarter of 2024. AUTOHOME INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET(Amount in thousands, except as noted)
As of December 31,
As of December 31,
2024
2025
RMB
RMB
US$ASSETS
Current assets
Cash and cash equivalents1,693,597
2,175,493
311,091Restricted cash88,515
74,424
10,642Short-term investments21,621,992
17,063,633
2,440,067Accounts receivable, net1,358,849
1,521,347
217,550Amounts due from related parties, current63,957
43,599
6,235Prepaid expenses and other current assets 336,941
308,733
44,148Total current assets25,163,851
21,187,229
3,029,733Non-current assets
Restricted cash, non-current5,000
5,000
715Property and equipment, net204,049
191,063
27,322Goodwill and intangible assets, net4,069,637
3,995,489
571,347Long-term equity investments339,247
442,017
63,208Other long-term investments-
2,124,783
303,840Deferred tax assets 308,246
262,622
37,554Amounts due from related parties, non-current3,521
9,709
1,388Other non-current assets128,074
90,612
12,957Total non-current assets5,057,774
7,121,295
1,018,331Total assets30,221,625
28,308,524
4,048,064
LIABILITIES AND EQUITY
Current liabilities
Accrued expenses and other payables2,931,869
2,192,496
313,523Advance from customers106,276
98,083
14,026Deferred revenue276,894
170,836
24,429Income tax payable185,976
82,000
11,726Amounts due to related parties38,250
13,739
1,965Dividends payable990,529
976,382
139,621Total current liabilities4,529,794
3,533,536
505,290Non-current liabilities
Other liabilities23,103
21,544
3,079Deferred tax liabilities468,078
458,266
65,531Total non-current liabilities491,181
479,810
68,610Total liabilities5,020,975
4,013,346
573,900
MEZZANINE EQUITY
Convertible redeemable noncontrolling interests1,931,529
2,121,191
303,326
EQUITY
Total Autohome shareholders' equity23,951,737
23,041,328
3,294,866Noncontrolling interests (682,616)
(867,341)
(124,028)Total equity 23,269,121
22,173,987
3,170,838Total liabilities, mezzanine equity and equity30,221,625
28,308,524
4,048,064
View original content:https://www.prnewswire.com/news-releases/autohome-inc-announces-unaudited-fourth-quarter-and-full-year-2025-financial-results-and-us200-million-share-repurchase-program-302704935.htmlSOURCE Autohome Inc.
Original: Autohome Inc. Announces Unaudited Fourth Quarter and Full Year 2025 Financial Results and US$200 Million Share Repurchase Program
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