AUTOHOME(US:ATHM) Prnewswire·2025-02-20 09:30Core Viewpoint - Autohome Inc. reported its financial results for Q4 and full year 2024, highlighting a focus on integrating its online-to-offline ecosystem, user growth, and technological innovation, particularly in AI applications. Despite a decline in revenues and net income, the company aims to strategically invest in growth initiatives for 2025 [4][6][22]. Q4 2024 Highlights - Net revenues for Q4 2024 were RMB1,783.4 million (US$244.3 million), a decrease from RMB1,911.4 million in Q4 2023 [5][6]. - Net income attributable to Autohome in Q4 2024 was RMB320.5 million (US$43.9 million), down from RMB446.7 million in Q4 2023 [6][13]. - Adjusted net income (Non-GAAP) for Q4 2024 was RMB486.5 million (US$66.7 million), compared to RMB502.8 million in Q4 2023 [15]. - Media services revenues were RMB436.8 million (US$59.8 million) in Q4 2024, down from RMB500.5 million in Q4 2023 [7]. - Leads generation services revenues were RMB758.4 million (US$103.9 million) in Q4 2024, compared to RMB841.5 million in Q4 2023 [7]. - Online marketplace and others revenues increased to RMB588.2 million (US$80.6 million) in Q4 2024, up from RMB569.5 million in Q4 2023 [8]. Full Year 2024 Highlights - Total net revenues for 2024 were RMB7,039.6 million (US$964.4 million), a decrease from RMB7,184.1 million in 2023 [17]. - Net income attributable to Autohome for 2024 was RMB1,681.1 million (US$230.3 million), down from RMB1,935.3 million in 2023 [22]. - Adjusted net income (Non-GAAP) for 2024 was RMB2,050.0 million (US$280.9 million), compared to RMB2,159.6 million in 2023 [24]. - Media services revenues for 2024 were RMB1,523.1 million (US$208.7 million), down from RMB1,870.8 million in 2023 [25]. - Leads generation services revenues increased slightly to RMB3,135.9 million (US$429.6 million) in 2024, compared to RMB3,111.8 million in 2023 [25]. - Online marketplace and others revenues rose to RMB2,380.6 million (US$326.1 million) in 2024, up from RMB2,201.5 million in 2023 [25]. Cost and Expenses - Cost of revenues for Q4 2024 was RMB428.6 million (US$58.7 million), compared to RMB367.9 million in Q4 2023 [9]. - Operating expenses for Q4 2024 were RMB1,177.0 million (US$161.2 million), down from RMB1,242.8 million in Q4 2023 [10]. - Operating profit for Q4 2024 was RMB232.4 million (US$31.8 million), compared to RMB366.7 million in Q4 2023 [11]. - Total operating expenses for 2024 were RMB4,841.4 million (US$663.3 million), a decrease from RMB4,898.9 million in 2023 [19]. Balance Sheet and Cash Flow - As of December 31, 2024, the company had cash and cash equivalents and short-term investments totaling RMB23.32 billion (US$3.19 billion) [28]. - Net cash provided by operating activities in 2024 was RMB1,373.1 million (US$188.1 million) [28]. - The company had 4,415 employees as of December 31, 2024 [29].