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Autohome (ATHM) investor relations material

Autohome Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary6 Nov, 2025

Executive summary

  • Advanced AI and O2O strategies, including the soft launch of Autohome Mall, enhanced user and customer efficiency and ecosystem development.

  • Achieved 5.1% year-over-year growth in average mobile DAUs, reaching 76.56 million in September 2025.

  • NEV-related revenues grew 58.6% year-over-year, driven by new retail business expansion.

  • Net revenues for Q3 2025 were RMB 1.78 billion (US$249.8 million), nearly flat year-over-year.

  • Adjusted net income (Non-GAAP) declined to RMB 406.9 million (US$57.2 million) from RMB 497.2 million year-over-year.

Financial highlights

  • Net revenues for Q3 2025 were RMB 1.78 billion.

  • Media services revenue: RMB 298 million; leads generation: RMB 664 million; online marketplace and others: RMB 816 million (up 32.1% YoY).

  • Cost of revenues: RMB 646 million (vs. RMB 408 million in Q3 2024); gross margin: 63.7% (vs. 77% YoY).

  • Operating profit: RMB 147 million (vs. RMB 83 million YoY).

  • Adjusted net income: RMB 407 million (vs. RMB 497 million YoY).

Outlook and guidance

  • Auto market price war is easing; future competition to focus on intelligent technology and cost-effectiveness.

  • NEV market remains a core growth driver, with penetration rates above 50% in most months.

  • Market faces short-term pressures from policy changes and price wars, but modest and steady growth expected in 2026.

  • Continued focus on AI-driven product innovation and O2O integration.

  • Ongoing exploration of synergies with CARtech is expected to drive future growth.

Revenue mix shift: new retail vs. lead gen
Explain the adjusted net income decline
Progress of O2O strategy and Autohome Mall
Gross margin outlook for new business lines
Tianshu platform's competitive advantage
Autohome's strategy for used car dealer losses
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Frequently asked questions

Autohome Inc. operates as an online destination for automobile consumers in the People's Republic of China. It offers consumers with a virtual showroom of automobile products, including new cars, used cars, and aftermarket products; Trucks section for truck drivers consisting of news and information, price lists for new and second-hand trucks, introductions to truck models, photos, videos and blogs on trucks, a platform for used truck trading transactions through dealerships and classified listings, truck specifications database, online stores offering driver accessories and aftermarket products.

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