Autohome Gains Over 11% After Q4 Earnings: Here's The Details

Autohome ATHM shares are trading higher on Tuesday.

The company reported fourth 2023 revenues of RMB1.911 billion ($269.2 million), up 1% year-on-year, beating the consensus of $265.60 million.

China’s online destination for automobile consumers posted an adjusted earnings per ADS of $0.58, beating the consensus of $0.57.

Adjusted net income was RMB502.8 million ($70.8 million), compared to RMB668.5 million in the year-ago period.

Quarterly media services revenues were RMB500.5 million ($70.5 million), compared to RMB610.2 million a year ago.

Fourth quarter leads generation services revenues were RMB841.5 million ($118.5 million), compared to RMB786.8 million.

Online marketplace and others revenues were RMB569.5 million ($80.2 million) in the fourth quarter of 2023, compared to RMB496.2 million a year ago.

As of December 31, 2023, the company repurchased 6.73 million American depositary shares for a total cost of approximately $200 million.

As of December 31, 2023, the company had cash and cash equivalents and short-term investments of RMB23.55 billion ($3.32 billion). 

Price Action: ATHM shares are up by 11.6% at $26.84 on the last check Tuesday.