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Autohome Inc. Announces Unaudited Fourth Quarter and Full Year 2024 Financial Results
ATHMAUTOHOME(ATHM) Prnewswire·2025-02-20 09:30

Core Viewpoint - Autohome Inc. reported its financial results for Q4 and full year 2024, highlighting a focus on integrating its online-to-offline ecosystem, user growth, and technological innovation, particularly in AI applications. Despite a decline in revenues and net income, the company aims to strategically invest in growth initiatives for 2025 [4][6][22]. Q4 2024 Highlights - Net revenues for Q4 2024 were RMB1,783.4 million (US244.3million),adecreasefromRMB1,911.4millioninQ42023[5][6].−NetincomeattributabletoAutohomeinQ42024wasRMB320.5million(US244.3 million), a decrease from RMB1,911.4 million in Q4 2023 [5][6]. - Net income attributable to Autohome in Q4 2024 was RMB320.5 million (US43.9 million), down from RMB446.7 million in Q4 2023 [6][13]. - Adjusted net income (Non-GAAP) for Q4 2024 was RMB486.5 million (US66.7million),comparedtoRMB502.8millioninQ42023[15].−MediaservicesrevenueswereRMB436.8million(US66.7 million), compared to RMB502.8 million in Q4 2023 [15]. - Media services revenues were RMB436.8 million (US59.8 million) in Q4 2024, down from RMB500.5 million in Q4 2023 [7]. - Leads generation services revenues were RMB758.4 million (US103.9million)inQ42024,comparedtoRMB841.5millioninQ42023[7].−OnlinemarketplaceandothersrevenuesincreasedtoRMB588.2million(US103.9 million) in Q4 2024, compared to RMB841.5 million in Q4 2023 [7]. - Online marketplace and others revenues increased to RMB588.2 million (US80.6 million) in Q4 2024, up from RMB569.5 million in Q4 2023 [8]. Full Year 2024 Highlights - Total net revenues for 2024 were RMB7,039.6 million (US964.4million),adecreasefromRMB7,184.1millionin2023[17].−NetincomeattributabletoAutohomefor2024wasRMB1,681.1million(US964.4 million), a decrease from RMB7,184.1 million in 2023 [17]. - Net income attributable to Autohome for 2024 was RMB1,681.1 million (US230.3 million), down from RMB1,935.3 million in 2023 [22]. - Adjusted net income (Non-GAAP) for 2024 was RMB2,050.0 million (US280.9million),comparedtoRMB2,159.6millionin2023[24].−Mediaservicesrevenuesfor2024wereRMB1,523.1million(US280.9 million), compared to RMB2,159.6 million in 2023 [24]. - Media services revenues for 2024 were RMB1,523.1 million (US208.7 million), down from RMB1,870.8 million in 2023 [25]. - Leads generation services revenues increased slightly to RMB3,135.9 million (US429.6million)in2024,comparedtoRMB3,111.8millionin2023[25].−OnlinemarketplaceandothersrevenuesrosetoRMB2,380.6million(US429.6 million) in 2024, compared to RMB3,111.8 million in 2023 [25]. - Online marketplace and others revenues rose to RMB2,380.6 million (US326.1 million) in 2024, up from RMB2,201.5 million in 2023 [25]. Cost and Expenses - Cost of revenues for Q4 2024 was RMB428.6 million (US58.7million),comparedtoRMB367.9millioninQ42023[9].−OperatingexpensesforQ42024wereRMB1,177.0million(US58.7 million), compared to RMB367.9 million in Q4 2023 [9]. - Operating expenses for Q4 2024 were RMB1,177.0 million (US161.2 million), down from RMB1,242.8 million in Q4 2023 [10]. - Operating profit for Q4 2024 was RMB232.4 million (US31.8million),comparedtoRMB366.7millioninQ42023[11].−Totaloperatingexpensesfor2024wereRMB4,841.4million(US31.8 million), compared to RMB366.7 million in Q4 2023 [11]. - Total operating expenses for 2024 were RMB4,841.4 million (US663.3 million), a decrease from RMB4,898.9 million in 2023 [19]. Balance Sheet and Cash Flow - As of December 31, 2024, the company had cash and cash equivalents and short-term investments totaling RMB23.32 billion (US3.19billion)[28].−Netcashprovidedbyoperatingactivitiesin2024wasRMB1,373.1million(US3.19 billion) [28]. - Net cash provided by operating activities in 2024 was RMB1,373.1 million (US188.1 million) [28]. - The company had 4,415 employees as of December 31, 2024 [29].