NYSE$ATHM

Autohome-ADR · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Autohome reported a decline in both revenue and net income for Q4 2024 compared to the previous year.

Autohome's Q4 2024 earnings showed a decline in revenue and net income, reflecting challenging market conditions. Revenue dropped 6.7% year-over-year, while net income fell by 28.2%. The company’s operating profit also decreased significantly, though adjusted non-GAAP net income remained relatively stable. Revenue from online marketplace services was the only segment that grew year-over-year.

  • Total revenue for Q4 2024 declined by 6.7% year-over-year to RMB 1,783.4 million.
  • Net income fell by 28.2% year-over-year to RMB 320.5 million.
  • Operating profit declined to RMB 232.4 million, down from RMB 366.7 million in Q4 2023.
  • Adjusted net income (non-GAAP) was RMB 486.5 million, reflecting a smaller 3.2% decline.

Headline financials

Total Revenue

$244M

Previous: $264M-7.6%
EPS (adj)

$0.14

Previous: $0.58-75.9%
Net margin

18.0%

No prior period
Adjusted net margin

27.3%

No prior period
Net Income

$43.9M

Previous: $59.8M-26.5%
Operating Income

$31.8M

Previous: $41.6M-23.5%
Gross Profit

$186M

Previous: $214M-13.1%

Revenue & EPS history

Autohome · Revenue · Quarterly

$244M

Q4 2024-7.6%vs Q4 2023
Beat estimate in 10 of 12 quarters(83%)
ActualEstimate

Revenue by segment

Autohome · $1.46B total across 3 segments · Q4 2026

  • Leads generation services
    $668M
  • Online marketplace and others
    $460M
  • Media services
    $334M

Forward guidance

Autohome plans to focus on business model optimization and regional market expansion to sustain growth in 2025.

Tailwinds

  • Continued investment in AI-driven innovations and operational efficiencies.
  • Expansion of franchised Autohome Space and satellite stores to enhance offline presence.
  • Growing engagement and user activity on digital platforms.
  • Stable performance in non-GAAP earnings despite revenue challenges.
  • Strategic investments in new retail business expansion.

Headwinds

  • Declining revenue in key business segments such as media and leads generation.
  • Lower operating margin due to rising operational costs.
  • Market conditions remain uncertain, impacting advertising revenues.
  • Continued pressure on net income due to lower profit margins.
  • Potential risks associated with macroeconomic factors affecting auto industry trends.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+1.5%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+0.1%

Avg return

30 days after

59%

30 / 51 earnings

Positive

+22.0%

Q4 2014

Best reaction

-22.9%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q1 2026-7.7%-13.0%
Q4 2026+5.2%+9.4%-3.3%
Q3 2025+1.7%+0.1%-3.8%
Q2 2025-0.1%+1.9%+6.9%
Q1 2025-0.6%+1.9%+0.8%
Q4 2024+0.2%-4.8%-5.3%
Q3 2024+0.2%-3.6%-2.1%
Q2 2024-5.7%-3.9%+3.2%
Q1 2024+7.4%+10.8%+2.5%
Q4 2023+8.9%+6.5%+7.4%
Q3 2023+2.8%+0.1%+1.7%
Q2 2023+6.8%+1.1%-6.8%
Q1 2023+9.9%+16.4%+7.0%
Q4 2022-5.6%-12.7%-18.2%
Q3 2022+12.3%+5.0%+6.5%
Q2 2022+8.8%+1.7%-4.4%
Q1 2022+9.6%+19.9%+21.5%
Q4 2021+13.3%+18.9%+11.5%
Q3 2021+3.9%+5.1%-16.3%
Q2 2021-5.3%-1.2%-1.9%
Q1 2021-0.3%-0.5%-16.4%
Q4 2020+2.2%+8.7%-6.1%
Q3 2020-12.7%-9.1%-5.9%
Q2 2020-5.3%-4.8%+1.8%
Q1 2020+6.1%+17.9%-1.9%
Q4 2019+8.8%+3.6%-19.2%
Q3 2019-22.9%-18.3%-22.3%
Q2 2019-2.3%-3.1%+14.3%
Q1 2019-4.4%-11.0%-16.8%
Q4 2018+3.8%+1.8%+1.2%
Q3 2018+2.8%+12.8%+33.3%
Q2 2018-8.2%-13.2%-18.3%
Q1 2018+2.5%+7.0%+14.8%
Q4 2017+4.4%+7.1%+9.0%
Q3 2017+9.3%+4.1%+0.1%
Q2 2017+12.7%+25.2%+30.6%
Q1 2017+2.1%+2.6%+21.6%
Q4 2016-4.8%-7.0%-9.1%
Q3 2016+10.5%+14.9%+16.6%
Q2 2016-6.2%-5.9%-13.7%
Q1 2016-0.6%+9.0%-14.9%
Q4 2015-2.0%
Q3 2015-12.0%
Q2 2015-5.8%
Q1 2015-4.9%
Q4 2014+22.0%
Q3 2014
Q2 2014-8.5%
Q4 2012+6.1%
Q4 2011+6.1%
Q1 2014+11.3%
Q4 2013+2.1%
Q3 2013
Q2 2013
Q1 2013
Q3 2012

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