Autohome Inc. reported its unaudited financial results for the fourth quarter and full year ended December 31, 2024. For Q4 2024, net revenues were RMB1,783.4 million (US$244.3 million), a decrease from RMB1,911.4 million in Q4 2023. Operating profit for the quarter was RMB232.4 million (US$31.8 million), down from RMB366.7 million in the prior year period. Net income attributable to Autohome was RMB320.5 million (US$43.9 million), compared to RMB446.7 million in Q4 2023.
For the full year 2024, total net revenues reached RMB7,039.6 million (US$964.4 million), a decrease from RMB7,184.1 million in 2023. Operating profit for the year was RMB1,003.5 million (US$137.5 million), down from RMB1,137.4 million in 2023. Adjusted net income attributable to Autohome for the full year was RMB2,050.0 million (US$280.9 million), compared to RMB2,159.6 million in 2023.
Despite the overall revenue and profit declines, Autohome reported significant user growth, with average mobile daily active users increasing by 13.6% year-over-year to 77.48 million in December 2024. The online marketplace and others revenues increased by 8.1% year-over-year for the full year. The company also expanded its franchised Autohome Space and satellite stores, which now exceed 150 locations, and integrated AI across its services.
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