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Benzinga
Benzinga
Business
Anusuya Lahiri

Autohome Registers 32% Revenue Decline In Q4

  • Autohome Inc (NYSE:ATHMreported a fourth-quarter FY21 revenue decline of 31.8% year-on-year to $265.8 million, missing the consensus of $266.01 million.
  • In December 2021, the mobile daily active users increased by 11.4% Y/Y. 
  • Revenues from new energy vehicle (NEV) brands for 2021 more than doubled Y/Y as it increased its efforts to engage with NEV automakers.
  • Segments: Online Marketplace and Others Revenues declined 10.6% Y/Y to $85.2 million due to data product revenue decrease.
  • Leads generation services revenues declined 8.1% Y/Y to $122.1 million due to decreased dealer advertising spending.
  • Media services revenues reduced 63.8% Y/Y to $58.5 million due to a decrease in average revenue per automaker advertiser.
  • Margin: The adjusted net margin contracted 2,030 bps to 27.7%.
  • Non-GAAP earnings per ADS of $0.58 beat the consensus of $0.55.
  • Autohome held $3.25 billion in cash and equivalents.
  • Dividend: Autohome's board approved a dividend of $0.53 per ADS for FY21. 
  • Price Action: ATHM shares traded lower by 4.75% at $25.44 in the premarket session on the last check Thursday.
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