Autohome Inc. Announces Unaudited Second Quarter and Interim 2026 Financial Results

BEIJING , Aug. 20, 2026 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM ; HKEX: 2518) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced its unaudited financial results for the three months and six months ended June 30, 2026. Second Quarter 2026 Highlights [1] Net revenues in the second quarter of 2026 were RMB1,198.0 million (US$176.6 million), compared to RMB1,758.1 million in the corresponding period of 2025. Net income attributable to Autohome in the second quarter of 2026 was RMB247.8 million (US$36.5 million), compared to RMB415.7 million in the corresponding period of 2025, while net income attributable to ordinary shareholders in the second quarter of 2026 was RMB247.8 million (US$36.5 million), compared to RMB398.9 million in the corresponding period of 2025. Adjusted net income attributable to Autohome (Non-GAAP) [2] in the second quarter of 2026 was RMB277.3 million (US$40.9 million), compared to RMB475.7 million in the corresponding period of 2025. Share repurchase: The US$200 million share repurchase program effective from March 5, 2026 was completed as of July 30, 2026, with a total of 10,627,269 American depositary shares ("ADSs") repurchased. On July 28, 2026, Autohome's Board of Directors authorized a new share repurchase program under which the Company may repurchase up to US$400 million of its ADSs over the next 12 months. As of August 14, 2026, the Company had repurchased 1,895,093 ADSs for a total cost of approximately US$43.6 million. [1] The reporting currency of the Company is Renminbi ("RMB"). For readers' convenience, certain amounts throughout the release are presented in US dollars ("US$"). Unless otherwise noted, all conversions from RMB to US$ are translated at the noon buying rate of US$1.00 to RMB6.7851 on June 30, 2026, in the City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate. [2] For more information on this and other non-GAAP financial measures, please see the section captioned "Use of Non-GAAP Financial Measures" and the tables captioned "Unaudited Reconciliations of Non-GAAP and GAAP Results" set forth at the end of this release. Mr. Chi Liu, Chairman of the Board of Directors and Chief Executive Officer of Autohome, stated, "During the quarter, our innovative business continued to make steady progress, driving Autohome's upgrade towards a comprehensive automotive service ecosystem. For our new retail business, with the authorized dealer model now in pilot operation and expanding to more cities, we launched the offline franchised chain brand, Autohome Good Car , further extending our offline service network. In addition, our used-car-trading global expansion is advancing steadily ---- our cross-border export platform completed its first transaction in July, providing valuable experience for further expanding our service capabilities." "We also made major strides in AI, particularly in cutting-edge AI agent technologies. In early July, we unveiled our proprietary intelligent agent product, Cheese Car Butler , and opened it for public beta. As the first standalone agent product in the automotive industry, it represents both a pioneering exploration of intelligent applications and a key milestone in enriching our product portfolio and establishing a differentiated competitive edge." Mr. Craig Yan Zeng, Chief Financial Officer of Autohome, added, "We made significant progress during the quarter and maintain our unwavering commitment to delivering sustainable shareholder returns. The US$200 million buyback program announced in early March 2026 was completed ahead of schedule, in less than six months. In late July, we announced a new US$400 million buyback plan, demonstrating our strong confidence in the Company's long-term value and deep commitment to shareholder interests." Unaudited Second Quarter 2026 Financial Results Net Revenues Net revenues in the second quarter of 2026 were RMB1,198.0 million (US$176.6 million), compared to RMB1,758.1 million in the corresponding period of 2025. Media services revenues were RMB280.4 million (US$41.3 million) in the second quarter of 2026, compared to RMB279.4 million in the corresponding period of 2025. Leads generation services revenues were RMB560.4 million (US$82.6 million) in the second quarter of 2026, compared to RMB732.6 million in the corresponding period of 2025. The decline was primarily driven by reduced spending from dealers amid shrinking sales volumes, along with a decrease in the number of paying dealers. Online marketplace and others revenues were RMB357.3 million (US$52.7 million) in the second quarter of 2026, compared to RMB746.1 million in the corresponding period of 2025. The decline was primarily driven by reduced revenue associated with the Company's vehicle sales business. Cost of