Autohome unveils US$200M buyback after Q4 revenue falls 18%
Autohome's Q4 net revenues fell 18% to RMB1,462.0 million (US$209.1 million), while net income dropped 27% to RMB233.9 million (US$33.4 million). Full-year revenue declined 8.4% to RMB6,452.0 million (US$922.6 million), and the board approved a US$200 million ADS repurchase program over the next 18 months.
1. Fourth Quarter 2025 Financial Results
Autohome recorded net revenues of RMB1,462.0 million (US$209.1 million) in Q4 2025, down 18% year-over-year, with net income attributable at RMB233.9 million (US$33.4 million), a 27% decline. Adjusted non-GAAP net income fell to RMB303.7 million (US$43.4 million), versus RMB486.5 million a year earlier.
2. Full Year 2025 Performance and Strategy
Full year 2025 revenue reached RMB6,452.0 million (US$922.6 million), down 8.4% from 2024, while net income attributable was RMB1,442.8 million (US$206.3 million). The company expanded its Autohome Mall marketplace and leveraged AI across content creation and online-to-offline services to strengthen its automotive ecosystem.
3. New US$200 Million ADS Repurchase Program
Following repurchases of 7.1 million ADSs costing US$184.5 million under the prior program, the board authorized a new US$200 million ADS repurchase program over 18 months, funded from existing cash balances and subject to Rule 10b-18 requirements.