China's Autohome Q3 revenue falls 26% on lower ad and dealer spending
ATHM•Autohome's third-quarter revenue fell 26% year over year to RMB 1.32 billion, while adjusted net income dropped 38% to RMB 252.70 million. The company declared a US$1.58-per-ADS cash dividend payable in March 2027 and repurchased about US$155.4 million in ADSs.
1. Revenue and earnings decline
Autohome said third-quarter revenue fell 26% year over year to RMB 1.32 billion, and adjusted net income dropped 38% to RMB 252.70 million. Media services revenue declined as automakers reduced advertising spending amid lower vehicle sales; leads generation revenue fell as dealers cut spending and the number of paying dealers decreased. Revenue from the vehicle sales business also declined.
2. Dividend and repurchases
The company declared a cash dividend of US$1.58 per ADS, payable in March 2027, and repurchased about US$155.4 million in ADSs. Autohome said it will continue investing in strategic priorities and maintain a streamlined cost structure.
