Autohome's first quarter 2025 earnings dip amid revenue slide

Autohome Inc. (HKEX:2518) today announced its unaudited financial results for the first quarter ended March 31, 2025, reporting revenues of RMB1,453.8 million, down from RMB1,609.1 million in the same period last year. Net income attributable to Autohome fell to RMB356.6 million, compared to RMB394.5 million in Q1 2024. Adjusted net income attributable to Autohome (Non-GAAP) was RMB420.8 million, compared to RMB493.9 million for the corresponding period of 2024. The company saw a decrease in media services and leads generation revenues. Average mobile daily active users increased by 10.8% year-over-year. As of March 31, 2025, cash and cash equivalents and short-term investments totaled RMB21.93 billion.