Autohome Inc. Reports First Quarter 2025 Financial Results

AutoHome Inc. ( (ATHM) ) has released its Q1 earnings. Here is a breakdown of the information AutoHome Inc. presented to its investors.

Autohome Inc., a leading online platform for automobile consumers in China, offers a comprehensive range of services including advertising, sales leads, and data analysis to automakers and dealers. The company also provides value-added services such as auto financing and insurance.

In its unaudited financial results for the first quarter of 2025, Autohome Inc. reported a decline in net revenues to RMB1,453.8 million, compared to RMB1,609.1 million in the same period of 2024. The company also saw a decrease in net income attributable to Autohome, which stood at RMB356.6 million, down from RMB394.5 million in the previous year.

Key financial metrics revealed a reduction in media services revenues, attributed to decreased advertising spending by internal combustion engine automakers. However, the company made strides in its new energy vehicle business, which outperformed the broader industry. Autohome also repurchased 4,781,999 American depositary shares, reflecting a strategic investment in its own stock.

Despite the decline in some financial metrics, Autohome’s operating expenses decreased significantly, and the company continued to expand its user base, with a notable increase in daily active users. The launch of an upgraded Autohome App featuring AI technology is expected to enhance user engagement and decision-making efficiency.

Looking ahead, Autohome’s management remains optimistic about future growth opportunities, focusing on expanding its retail network and enhancing user value. The company aims to build a seamless online-to-offline ecosystem to provide comprehensive solutions for consumers and business partners.