Autohome Inc. announced its unaudited financial results for the first quarter ended March 31, 2025. Net revenues for the quarter were RMB1,453.8 million (US$200.3 million), a decrease from RMB1,609.1 million in the corresponding period of 2024. Operating profit was RMB233.4 million (US$32.2 million), down from RMB276.1 million year-over-year. Net income attributable to Autohome was RMB356.6 million (US$49.1 million), compared to RMB394.5 million in Q1 2024.
Despite the overall revenue and profit declines, Autohome reported an increase in its average mobile daily active users by 10.8% year-over-year to 76.92 million in March 2025. The company launched an upgraded Autohome App in late March, featuring an AI smart assistant powered by DeepSeek and proprietary big data resources, enhancing user experience and decision-making efficiency.
The new retail network continued its expansion, with nearly 200 Autohome Space and satellite franchised stores now in operation. Revenue growth in the new energy vehicle business outperformed the broader industry, supported by these new retail initiatives. The company aims to further enhance user value and capitalize on new growth opportunities through its online-to-offline ecosystem.
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