Autohome (NYSE: ATHM) reported Q1 EPS of $0.87, $0.08 better than the analyst estimate of $0.79. Revenue for the quarter came in at $240.2 million versus the consensus estimate of $233.47 million.

• Net Revenues in the first quarter of 2019 were RMB1,611.9 million ($240.2 million), exceeding the high end of the Company\'s original guidance of RMB1,585.0 million ($236.2 million).
• Net Income attributable to Autohome Inc. in the first quarter of 2019 increased by 33.9% year-over-year to RMB646.3 million ($96.3 million).
• Adjusted net income attributable to Autohome Inc. (Non-GAAP) in the first quarter of 2019 increased by 34.7% year-over-year to RMB700.6 million ($104.4 million).

Mr. Min Lu, Chairman of the Board of Directors and Chief Executive Officer of Autohome, stated, "We achieved a solid set of operating and financial results for the first quarter of 2019, despite the weak macro-economic conditions. Our media, leads generation and new initiatives all contributed to the strong revenue growth of 25% year-over-year. We are also excited to see the continued ramp up of our traffic with mobile DAU increased by 14% year-over-year, further solidifying our mobile leadership. All of these reflect the success of Autohome as a leading auto ecosystem supported by artificial intelligence, big data and cloud technologies, providing diverse and customized contents for users, and generating unique value for our automaker/dealer partners. We will continue enhancing our core competitiveness and business fundamentals through investments in these areas."

Mr. Jun Zou, Chief Financial Officer of Autohome, added, "We started off the year 2019 by delivering top-line growth momentum which surpassed our original guidance. We also generated consistent profitability with adjusted net income attributable to Autohome increased by 35% year-over-year through effective financial control policies, increasing operational leverage and prudent cost management. Our results validate the power of our overall offerings and execution efficiency. Looking towards the rest of 2019, we remain committed to driving growth and profitability while investing in future growth potentials."

GUIDANCE:

Autohome sees Q2 2019 revenue of $339-343.5 million, versus the consensus of $330.08 million.

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