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Autohome Rides the New Energy Vehicle Wave, Expands Energy Space Stores, Clocks Mixed Q3

Benzinga ·  11/03/2023 00:08

Autohome Inc (NYSE:ATHM) reported Q3 2023 revenues of RMB1.91 billion ($261.2 million), up 3.4% year-on-year, missing the consensus of $261.7 million. China's online destination for automobile consumers posted an adjusted earnings per ADS of RMB4.92 ($0.67) beating the consensus of $0.60. The top line benefitted from solid growth in its online marketplace and other businesses. According to QuestMobile, mobile DAUs in September increased 39.3% Y/Y to 69.01 million. Leads generation services revenues stood at RMB830.1 million ($113.8 million), Online Marketplace and others revenues came in at RMB599.1 million ($82.1 million), and Media revenues were RMB476.9 million ($65.4 million) in the quarter. Autohome held RMB23.43 billion ($3.21 billion) in cash and equivalents. Net cash provided

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