Autohome Inc

Latest Results (06.10.2025):

Autohome Inc reported its third quarter of 2024 financial results, showing a decline in net revenues and net income compared to the same period in 2023. Despite the decrease in earnings, the company continued its commitment to shareholder value through share repurchases and the approval of a substantial cash dividend.

Net Revenues Decline

In the third quarter of 2024, Autohome Inc's net revenues were RMB1,774.5 million (US$252.9 million), down from RMB1,906.0 million in Q3 2023. The decrease was primarily driven by a reduction in media services revenues, which fell to RMB326.0 million from RMB476.9 million year-over-year.

Decrease in Net Income

Net income attributable to Autohome Inc in Q3 2024 was RMB441.3 million (US$62.9 million), decreasing from RMB578.3 million in Q3 2023. Similarly, net income attributable to ordinary shareholders was RMB425.7 million (US$60.7 million), down from RMB564.0 million in the same quarter last year.

Share Repurchase Program

As of November 1, 2024, Autohome Inc repurchased 244,302 American depositary shares (ADSs) at a total cost of approximately US$6.7 million, demonstrating the company's ongoing effort to enhance shareholder value.

Cash Dividend Approved

The board of directors approved a cash dividend of US$1.15 per ADS (or US$0.2875 per ordinary share), payable in US dollars to shareholders of record as of December 31, 2024. The total dividend is expected to be approximately RMB1 billion and will be distributed around March 14, 2025, for ordinary shares and March 19, 2025, for ADSs.

Adjusted Net Income

Adjusted net income attributable to Autohome Inc (Non-GAAP) for Q3 2024 was RMB497.2 million (US$70.8 million), compared to RMB603.8 million in Q3 2023. This adjustment reflects various non-recurring items and provides a clearer view of the company's operational performance.