Autohome (NYSE: ATHM) reported Q2 EPS of $0.72, $0.20 better than the analyst estimate of $0.52. Revenue for the quarter came in at $230.4 million versus the consensus estimate of $211.51 million.

Adjusted Net Income attributable to Autohome Inc. and Non-GAAP EPS

Adjusted net income attributable to Autohome Inc., defined as net income attributable to Autohome Inc. excluding share-based compensation expenses and amortization expenses of intangible assets related to acquisitions, increased 42.8% to RMB565.2 million ($83.4 million) from RMB395.7 million in the corresponding period of 2016. Non-GAAP basic and diluted EPS were RMB4.87 ($0.72) and RMB4.80 ($0.71), respectively, compared with non-GAAP basic and diluted EPS in the corresponding period of 2016 of RMB3.48 and RMB3.42, respectivel

Second Quarter 2017 Financial Highlights1

• Net Revenues increased 13.3% year-over-year to RMB1,562.0 million ($230.4 million), exceeding the high end of the Company’s original guidance of RMB1,437 million ($212.0 million).
• Media services and leads generation services revenues increased 36.5% year-over-year to RMB1,459.1 million ($215.2 million).
• Net Income attributable to Autohome Inc. increased 49.7% year-over-year to RMB517.7 million ($76.4 million).

Second Quarter 2017 Operational Highlights

• Continued Focus on Mobile Traffic: During the second quarter of 2017, the number of average daily unique visitors who accessed the Company’s primary “Autohome” application increased by 27% compared with the second quarter of 2016, further enhancing the Company’s dominant position among auto vertical applications in China.
• Successful Expansion of Augmented Reality Automobile Show: The Company expanded the use of its Augmented Reality Automobile Show (the “AR Show”), first launched in March 2017, to enhance user engagement and interaction. The AR Show took place from June 28 to July 3, 2017, and attracted 30 branded automakers with close to 100 automobile models on display. This resulted in over 10.8 million unique visitors with approximately 84% originating from tier 2 and below cities.
• Asset-Light Vehicle E-commerce Platform Expanded to Incorporate Used Cars: As part of the Company’s strategy, Autohome sold the remaining 647 vehicles from its direct sales inventory during the second quarter of 2017, bringing its inventory clearance to a conclusion. Autohome launched a used car platform in June 2017 which incorporates many innovative services to enable expanded and reliable used car sourcing, broaden dealer financing support solution and used car financing portfolio, enhance consumer tracking and channel management, improve leads quality, and ensure efficient internal management and operations.

GUIDANCE:

Autohome sees Q3 2017 revenue of $218.3-224.2 million, versus the consensus of $208.63 million.

For earnings history and earnings-related data on Autohome (ATHM) click here.