Autohome Q1 Revenues Drop 28% to RMB1,048m; US$62m Buyback
ATHM•Autohome’s Q1 2026 net revenues fell to RMB1,048.4m, a 27.9% drop year-on-year, while net income plunged to RMB44.3m from RMB356.6m. The company repurchased 3.47m ADSs for US$62.3m and declared a US$0.66 per ADS cash dividend totaling ~RMB0.5b.
1. Q1 2026 Financial Results
Autohome reported Q1 net revenues of RMB1,048.4 million, down from RMB1,453.8 million year-on-year, with GAAP net income of RMB44.3 million versus RMB356.6 million and non-GAAP adjusted net income of RMB179.2 million compared to RMB420.8 million.
2. Shareholder Returns
The company repurchased 3,465,236 ADSs for US$62.3 million through May 22, 2026, and approved a cash dividend of US$0.66 per ADS (approximately RMB0.5 billion), payable in U.S. dollars to shareholders of record on July 2.
3. User Growth and Platform Initiatives
Mobile daily active users reached a record high of over 80 million in March, up 4.9% year-on-year, supported by a major brand refresh, an upgraded Autohome App and pilot online-car-purchase features in two cities.
4. Global Expansion
Autohome expanded its global footprint by launching YesAuto operations in Thailand and activating its global used car export platform, marking the start of a dual-circulation domestic and international growth strategy.
