Autohome Inc. Announces Unaudited Results For The Third Quarter Ended September 30, 2016

BEIJING, Nov. 14, 2016 (GLOBE NEWSWIRE) -- Autohome Inc. (NYSE:ATHM) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced its unaudited financial results for the third quarter ended September 30, 2016.

Third Quarter 2016 Financial Highlights 1
  • Net Revenues increased 64.1% year-over-year to RMB1,474.9 million ($221.2 million), above the high end of the Company's original guidance of RMB1,394 million ($209.0 million).  
  • Adjusted Net Income attributable to Autohome Inc. increased 13.2% year-over-year to RMB292.0 million ($43.8 million). 
  • Net Cash Provided by Operating Activities was RMB386.9 million ($58.0 million), an increase of 30.8% year-over-year.

Third Quarter 2016 Operational Highlights
  • Continued Focus on Mobile Traffic: In September 2016, the number of average daily unique visitors who accessed the Company's mobile websites and mobile applications reached 10.5 million and 7.6 million, respectively. Combined, this represents a 52% increase in the total number of average daily unique visitors on mobile platforms compared with September 2015.

Mr. Yan Kang, President of Autohome, stated, "We once again delivered strong operational and financial results that exceeded the high end of our guidance as we continued to build upon the momentum we gained during the first half of the year.  In addition, we have initiated a new set of strategic initiatives dubbed '4+1', representing the '4' key market segments in our future consumer-centric automotive ecosystem: auto-media, auto-ecommerce, auto-finance, and auto-lifestyle; and the '1' engine that will transform Autohome from a content-led vertical media business to an automotive eco-platform based on advanced analysis and technology.  We are confident that our focused strategy and targeted execution will solidify our dominant leadership position, connect users to resources across various stages of the automobile life cycle and ensure that our automaker and dealer clients can fully rely upon our innovation and differentiated value propositions."

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