ATHM Autohome Inc.
Price Chart
Executive Summary
Autohome reported Q1 2026 net revenues of RMB1,048.4 million, down 27.9% YoY, and net income attributable to Autohome of RMB44.3 million, down 87.6% YoY, reflecting a sharp deterioration in advertising and lead generation revenues. The board declared a $0.66/ADS dividend and continues share repurchases ($62.3M to date), but these capital return measures do not offset the fundamental decline.
Actionable Insight
The steep decline in revenue and earnings underscores worsening fundamentals in Autohome's core advertising and dealer subscription businesses amid a challenging Chinese auto market. The dividend and buyback provide limited support; traders should watch for further guidance cuts or strategic pivot announcements in upcoming quarters.
Key Facts
- Net revenues fell 27.9% YoY to RMB1,048.4 million (US$152.0 million) in Q1 2026
- Net income attributable to Autohome plunged 87.6% YoY to RMB44.3 million (US$6.4 million)
- Operating loss of RMB34.4 million vs operating profit of RMB233.4 million in Q1 2025
- Revenue declined across all segments: media services -32.8%, leads generation -22.0%, online marketplace -32.5%
- Adjusted net income (Non-GAAP) fell 57.4% YoY to RMB179.2 million
- Board approved a cash dividend of US$0.66 per ADS, aggregate ~RMB0.5 billion, payable in July 2026
- As of May 22, 2026, the company had repurchased 3,465,236 ADS for ~US$62.3 million
- Cash and equivalents + short-term investments of RMB20.04 billion as of March 31, 2026
Financial Impact
Revenue down 27.9% YoY; net income down 87.6% YoY; operating income swung from +RMB233.4M profit to -RMB34.4M loss
Risk Factors
- Further contraction in automaker advertising budgets
- Increased competition from other auto platforms
- Macroeconomic headwinds in China dampening auto sales
- Execution risk in new initiatives (overseas expansion, new retail)
Market Snapshot
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-242898 |
| Document: d142685dex995.htm | 0001193125-26-242898 |
| Document: d142685dex993.htm | 0001193125-26-242898 |
| Document: d142685d6k.htm | 0001193125-26-242898 |
| Document: d142685dex991.htm | 0001193125-26-242898 |
| Document: d142685dex994.htm | 0001193125-26-242898 |
| Document: 0001193125-26-242898-index-headers.html | 0001193125-26-242898 |
| Document: 0001193125-26-242898-index.html | 0001193125-26-242898 |
| Document: 0001193125-26-242898.txt | 0001193125-26-242898 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 29, 2026
11d ago
|
6-K
| $17.46 $16.53 | ▼ −5.33% | ▼ −2.80% | $17.37 (−0.52%) |
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May 28, 2026
12d ago
|
6-K
| $17.30 $17.55 | ▼ −1.45% | ▼ −1.13% | $17.37 (−0.40%) |
|
May 14, 2026
26d ago
|
6-K
| $17.71 $16.68 | ▼ −5.82% | ▼ −5.10% | $17.37 (−1.92%) |
|
Apr 15, 2026
7w ago
|
6-K
| $18.35 $18.70 | ▲ +1.91% | ▲ +0.27% | $17.37 (−5.34%) |
|
Apr 15, 2026
7w ago
|
20-F
| $18.35 $18.70 | ▼ −1.91% | ▼ −0.27% | $17.37 (+5.34%) |
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Apr 8, 2026
8w ago
|
6-K
| $18.12 $18.35 | ▲ +1.27% | ▼ −2.25% | $17.37 (−4.14%) |
|
Mar 31, 2026
10w ago
|
Insider Cluster
| $17.37 $18.12 | ▲ +4.32% | ▲ +0.37% | $17.37 (+0.00%) |
US Market Status
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