Autohome Beats Q2 Earnings Estimates, Achieves 31.7% Y/Y Growth In Mobile DAUs
Portfolio Pulse from Anusuya Lahiri
Autohome Inc reported Q2 2023 revenues of $252.79 million, up 5.8% year-on-year, beating the consensus of $249.5 million. The company's mobile DAUs grew by 31.7% Y/Y to reach 62.71 million. Autohome also debuted China's first mobile exhibition truck featuring a large-scale holographic display and unveiled its first Autohome Energy Space franchise store in Haikou, Hainan Province, China. Autohome shares traded up 3.18% at $32.10 Thursday at publication.
July 27, 2023 | 4:11 pm
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POSITIVE IMPACT
Autohome reported better than expected Q2 2023 earnings and showed strong growth in mobile DAUs. The company also made significant advancements in its business, including the debut of China's first mobile exhibition truck and the unveiling of its first Autohome Energy Space franchise store.
Autohome's better than expected earnings and strong growth in mobile DAUs indicate a positive outlook for the company. The debut of China's first mobile exhibition truck and the unveiling of its first Autohome Energy Space franchise store show the company's commitment to innovation and expansion, which could further boost investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100