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Autohome reports Q4 EPS 79c, consensus 71c
The Fly

Autohome reports Q4 EPS 79c, consensus 71c

Reports Q4 revenue $274.5M, consensus $280.05M. Quan Long, chairman of the board of directors and CEO of Autohome, stated, "We are very proud of Autohome’s resilient performance throughout the year. In particular, we achieved significant progress in two key areas – content ecosystem construction and exploration of new initiatives. On the content front, we successfully leveraged our big IP brands to promote our video-based strategy, and formed partnerships and organized cross-promotional activities with multiple internet platforms to explore new automotive lifestyle experiences. These creative tactics have comprehensively expanded our user reach. In December 2022, our mobile daily active users grew by 16.1% year-over-year to reach a record high of 54.39 million, according to QuestMobile, further solidifying our leadership position in the industry. Meanwhile, we made huge strides in industrial value chain exploration and promoted in-depth development across our businesses. For example, our OEM customers have responded positively to our new retail model for new energy vehicles ("NEVs") and we continue to expand penetration of our data products for dealer customers. In addition, we further integrated our used car business with TTP Car, Inc. and continuously refined operations to enhance efficiency. Looking ahead, we will continue to build Autohome’s one-stop, closed-loop ecosystem, capitalizing on our key strengths while focusing on innovation to propel Autohome to new heights."

Published first on TheFly

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