Autohome Inc ATHM reported Q3 2023 revenues of RMB1.91 billion ($261.2 million), up 3.4% year-on-year, lacking the consensus of $261.7 million.
China’s on-line vacation spot for car shoppers posted an adjusted earnings per ADS of RMB4.92 ($0.67) beating the consensus of $0.60.
The highest line benefitted from stable progress in its on-line market and different companies.
In accordance with QuestMobile, cellular DAUs in September elevated 39.3% Y/Y to 69.01 million.
Leads era companies revenues stood at RMB830.1 million ($113.8 million), On-line Market and others revenues got here in at RMB599.1 million ($82.1 million), and Media revenues had been RMB476.9 million ($65.4 million) within the quarter.
Autohome held RMB23.43 billion ($3.21 billion) in money and equivalents. Web money supplied by working actions was RMB425.0 million ($58.3 million).
Chair and CEO Quan Lengthy acknowledged, “This marks our fifth straight quarter of prime and bottom-line progress on a year-over-year foundation whereas constantly sustaining a excessive internet revenue margin.”
CFO Craig Yan Zeng disclosed tapping new vitality automobiles (“NEVs”) alternatives by integrating its used automotive enterprise into Autohome Power Area shops. These shops now additionally provide shoppers the possibility to commerce of their vehicles and apply the proceeds in direction of buying a brand new one, leveraging the car disposal capability of TTP Automotive Inc. The corporate’s 13 Autohome Power Area shops are actually below building in numerous cities throughout China.
The This autumn consensus for income is $267.81 million, and EPS is $0.62.
The inventory has misplaced 18.4% YTD.
ATHM Value Motion: Autohome shares are up by 1.25% at $26.56 on the final chek Thursday.
Supply Hyperlink : Lowongan Kerja 2023
