Autohome Beats On Q3 Earnings, Board Authorizes Stock Buyback Term Extension

• Autohome Inc (NYSE: ATHM) reported third-quarter FY22 revenue growth of 4.5% year-on-year to $259.13 million, beating the consensus of $251.8 million.

• In September, the average daily users increased by 13.4% Y/Y.

• Segments: Online Marketplace and Others Revenues declined 14.7% Y/Y to $67.3 million, primarily attributable to automakers' decreased spending on data products.

• Leads generation services revenues rose 5.3% Y/Y to $113.7 million due to the average revenue growth per dealer.

• Media services revenues grew 28% Y/Y to $78.1 million, primarily attributable to the increase in average revenue per automaker advertiser.

• Margin: The adjusted net margin expanded 110 bps to 33.1%.

• Non-GAAP earnings per ADS of $0.66 beat the consensus of $0.61.

• Autohome held $3 billion in cash and equivalents.

• On November 3, 2022, the Board authorized an extension of the term of the Share Repurchase Program worth $200 million for another twelve months to November 17, 2023.

• Price Action: ATHM shares traded higher by 5.08% at $30.22 on the last check Thursday.

See more from Benzinga

• Iron Mountain Registers 14% Revenue Growth In Q3 Backed By Storage And Service Segments

• EPAM Clocks 24% Revenue Growth In Q3; Issues Cautious Q4 Outlook

• Snoop Dogg Microwaves His Blunts Before Smoking And For Good Reason, Here's Why - Raytheon Technologies (

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.