Autohome Q2 Revenue Plunges 32% as Dealer Spending Collapses
ATHM sits 40% above its 52-week low of $15.574.
Summary
Autohome's Q2 2026 revenue fell 32% year-over-year to RMB1,198.0M, driven by a 52% drop in online marketplace and others revenue and a 23% decline in leads generation. Net income attributable to Autohome dropped 40% to RMB247.8M, with adjusted net income down 42% to RMB277.3M. The company completed its US$200M buyback ahead of schedule and has already repurchased US$43.6M under the new US$400M program, signaling management's confidence despite the sharp top-line deterioration. This follows the Q1 2026 operating loss and 88% net income drop reported in May, confirming a sustained revenue contraction. The earnings call is scheduled for 8:00 a.m. ET today, where management will likely address the declining dealer spending and the new retail and AI initiatives.
At the time of this announcement, ATHM was trading at $21.85 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $15.57 to $29.92. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: PR Newswire.