WS News
20 Aug 2026, 14:36
Autohome Stock Falls 3% as Q2 Revenue and Profit Drop Sharply
Autohome (NYSE: ATHM) shares fell about 3% Thursday after the Chinese automotive platform reported steep year-over-year declines in second-quarter revenue and earnings, reflecting weaker dealer spending and lower vehicle-sales revenue.
Revenue Falls 32%
Second-quarter revenue dropped to RMB1.20 billion from RMB1.76 billion a year earlier, a decline of about 32%.
The weakness was concentrated in two major businesses. Lead-generation revenue fell to RMB560.4 million from RMB732.6 million as dealers reduced spending amid weaker vehicle sales and fewer paying dealers. Online marketplace and other revenue dropped to RMB357.3 million from RMB746.1 million, primarily due to lower vehicle-sales revenue.
Profitability also deteriorated. Operating profit fell to RMB130 million from RMB296.6 million, while adjusted net income declined to RMB277.3 million from RMB475.7 million. Net income attributable to Autohome dropped about 40% to RMB247.8 million.
Buybacks Provide Some Support
The weak results were partly offset by aggressive shareholder returns. Autohome completed its previous $200 million buyback and authorized a new $400 million repurchase program, of which about $43.6 million had already been used by August 14.
Autohome also continues investing in new retail operations, international used-car services and AI products.
Still, the sharp contraction in revenue, operating profit and adjusted earnings appears to outweigh these longer-term initiatives, providing a likely explanation for ATHM’s roughly 3% decline.
Autohome (NYSE: ATHM) shares fell about 3% Thursday after the Chinese automotive platform reported steep year-over-year declines in second-quarter revenue and earnings, reflecting weaker dealer spending and lower vehicle-sales revenue.
Revenue Falls 32%
Second-quarter revenue dropped to RMB1.20 billion from RMB1.76 billion a year earlier, a decline of about 32%.
The weakness was concentrated in two major businesses. Lead-generation revenue fell to RMB560.4 million from RMB732.6 million as dealers reduced spending amid weaker vehicle sales and fewer paying dealers. Online marketplace and other revenue dropped to RMB357.3 million from RMB746.1 million, primarily due to lower vehicle-sales revenue.
Profitability also deteriorated. Operating profit fell to RMB130 million from RMB296.6 million, while adjusted net income declined to RMB277.3 million from RMB475.7 million. Net income attributable to Autohome dropped about 40% to RMB247.8 million.
Buybacks Provide Some Support
The weak results were partly offset by aggressive shareholder returns. Autohome completed its previous $200 million buyback and authorized a new $400 million repurchase program, of which about $43.6 million had already been used by August 14.
Autohome also continues investing in new retail operations, international used-car services and AI products.
Still, the sharp contraction in revenue, operating profit and adjusted earnings appears to outweigh these longer-term initiatives, providing a likely explanation for ATHM’s roughly 3% decline.
