Autohome Inc. to Announce Fourth Quarter and Full Year 2024 Financial Results on February 20, 2025

Autohome Inc. (NYSE: ATHM; HKEX: 2518), the leading online destination for automobile consumers in China, is set to report its financial results for the fourth quarter and full year ended December 31, 2024, before U.S. markets open on February 20, 2025. The company's management team will host an earnings conference call at 7:00 AM U.S. Eastern Time on Thursday, February 20, 2025 (8:00 PM Beijing Time on the same day).



Autohome's financial performance has shown steady growth over the past year. In the second quarter of 2024, the company reported net revenues of RMB1,872.6 million (US$257.7 million), compared to RMB1,833.0 million in the corresponding period of 2023, representing a 2.17% increase. Net income attributable to Autohome in the second quarter of 2024 was RMB524.8 million (US$72.2 million), compared to RMB504.7 million in the corresponding period of 2023, indicating a 3.98% increase. Adjusted net income attributable to Autohome (Non-GAAP) in the second quarter of 2024 was RMB572.4 million (US$78.8 million), compared to RMB569.5 million in the corresponding period of 2023, showing a 0.48% increase.



Analysts' consensus estimates for Autohome's target price and recommendation trends suggest a "Hold" rating, with a target price of RMB28.00, indicating a 2.64% increase from the current stock price of RMB27.28. The company's innovative businesses, such as data products and new energy vehicle (NEV) business, have shown double-digit year-over-year increases in quarterly revenues. Autohome is expected to maintain a healthy balance sheet while driving the development of its businesses and fulfilling its commitment to provide stable shareholder returns.



Autohome's user base and engagement have shown significant growth over the past year. According to QuestMobile, Autohome's number of average mobile daily active users (DAUs) grew by 8.3% year-over-year, reaching 67.91 million in June 2024. This growth can be attributed to the company's diverse and high-quality content offerings, which have consistently expanded its user base and enhanced user engagement. As Autohome's user base and engagement continue to grow, it is likely to attract more automakers and dealers to its platform, leading to increased advertising campaigns and sales leads. This, in turn, could drive future revenue growth for the company. Additionally, Autohome's innovative business initiatives, such as the launch of its Satellite Plan, which aims to establish satellite stores in lower-tier cities adjacent to flagship Autohome Space stores, are expected to accelerate network expansion and facilitate deeper penetration into broader geographical markets. This expansion could further boost user traffic and engagement, contributing to Autohome's revenue growth.

In conclusion, Autohome Inc. is expected to report strong financial results for the fourth quarter and full year ended December 31, 2024, driven by its innovative businesses and growing user base and engagement. The company's management team will provide further insights into its financial performance and growth prospects during the earnings conference call on February 20, 2025. Investors should closely monitor Autohome's financial results and the company's strategic initiatives to capitalize on potential investment opportunities.