Shares of Autohome Inc. (NYSE: ATHM) surged 5.38% in premarket trading on Thursday, following the company's better-than-expected fourth-quarter earnings report and optimistic outlook driven by robust user growth and innovative business initiatives.
The Chinese online auto services platform reported adjusted net income of RMB486.5 million ($66.7 million) for the fourth quarter of 2024, exceeding analysts' estimates. While net revenues of RMB1,783.4 million ($244.3 million) fell slightly short of expectations, the company's online marketplace and other revenue streams grew 8.1% year-over-year, boosted by the rapid expansion of its new retail business.
Notably, Autohome's average mobile daily active users increased by an impressive 13.6% year-over-year to 77.48 million in December 2024, underscoring the effectiveness of its content-driven strategy. The company has also made significant strides in integrating artificial intelligence across its services, from content creation to operational management and decision-making analysis, positioning itself for future growth opportunities.
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