Autohome Inc ADR

ATHM: XNYS (USA)
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Autohome Earnings: Revenue and Profit Missed on Weak Advertising Revenue and Depressed Margin

Autohome’s first-quarter revenue and net profit came in below our expectations. Weak advertising revenue, rising content investment, and offline expansion led to 300 basis points decline in gross margin and a 10% drop in net profit compared with the previous year.

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