Autohome Q2 FY26 net income drops 40.4% to RMB 247.8 million; net revenue falls 31.9% to RMB 1.2 billion

Autohome posted Q2 net revenues of RMB 1.2 billion, down 31.86% from a year earlier.

Net income attributable to ordinary shareholders fell 37.88% to RMB 247.8 million; diluted EPS slid to RMB 0.55.

Operating profit dropped 56.18% to RMB 130 million as total operating expenses eased to RMB 870.8 million.

Leads generation services revenue declined to RMB 560.4 million on reduced dealer spending and fewer paying dealers; online marketplace and others fell to RMB 357.3 million.

A new US$400 million ADS buyback was authorized in late July; 1,895,093 ADSs were repurchased for about US$43.6 million by Aug. 14.