Autohome Inc

Latest Results (07.08.2024):

Revenue Growth

Autohome Inc. reported total revenues of RMB2,319.4 million (US$318.9 million) for the second quarter of 2024, compared to RMB2,200.0 million in the corresponding period of 2023. This increase was driven by higher online marketplace and other revenues, which reached RMB619.4 million (US$85.2 million) in Q2 2024, up from RMB541.4 million in Q2 2023.

Cost of Revenues

The cost of revenues for Autohome Inc. in the second quarter of 2024 was RMB346.1 million (US$47.6 million), compared to RMB330.2 million in the same period of 2023. The slight increase was primarily due to higher operational costs, including a share-based compensation expense of RMB1.9 million (US$0.3 million).

Operating Expenses

Autohome Inc.'s operating expenses were RMB1,185.3 million (US$163.1 million) in the second quarter of 2024, down from RMB1,228.1 million in Q2 2023. This decrease was mainly attributed to reduced sales and marketing expenses, which fell to RMB752.5 million (US$103.6 million) from RMB824.1 million in the previous year.

Net Income

Net income attributable to Autohome Inc. for the second quarter of 2024 was RMB524.8 million (US$72.2 million), compared to RMB504.7 million in the corresponding period of 2023. This increase in net income reflects the company's improved operational efficiency and cost management.

Adjusted Net Income

Adjusted net income attributable to Autohome Inc. (Non-GAAP) was RMB572.4 million (US$78.8 million) in the second quarter of 2024, slightly up from RMB569.5 million in Q2 2023. Non-GAAP basic and diluted earnings per share were RMB1.18 (US$0.16) in Q2 2024, compared to RMB1.16 and RMB1.15, respectively, in the same period of the previous year.