Autohome (ATHM) 6-K Second Quarter Net Revenues Were RMB2.31 Billion, Exceeding the High End of the Company’s Guidance, Representing an Increase of 23.5% Year-over-Year

Exhibit 99.1

Autohome Inc. Announces Unaudited Second Quarter Ended June 30, 2019 Financial Results

Second Quarter Net Revenues Were RMB2.31 Billion, Exceeding the High End of the Company’s Guidance, Representing an Increase of 23.5% Year-over-Year

BEIJING, August 7, 2019 – Autohome Inc. (NYSE: ATHM) (“Autohome” or the “Company”), the leading online destination for automobile consumers in China, today announced its unaudited financial results for the second quarter ended June 30, 2019.

Second Quarter 2019 Highlights¹

• Net Revenues in the second quarter of 2019 were RMB2,309.0 million ($336.3 million), exceeding the high end of the Company’s original guidance of RMB2,305.0 million ($335.8 million).

• Net Income attributable to Autohome Inc.in the second quarter of 2019 was RMB801.9 million ($116.8 million), compared to RMB691.6 million for the corresponding period of 2018.

• Mobile Traffic Leadership Continues: In June 2019, the total number of average daily active users who accessed the Company’s mobile websites, primary application and mini-apps reached 37.8 million, representing an increase of 48% compared to June 2018, and further solidifying the Company’s dominant position in the auto vertical sector in China.

• 818 Global Super Auto Show:In an effort to support OEMs and dealers and maintain long- term partnership with them, starting this August, the Company has launched various offline activities and online auto show events for car owners, auto fans and industry experts in China. In particular, the Company worked with top producers from Hunan TV to launch the first-ever auto-themed gala on August 18, 2019 (the “818 Global Super Auto Show”). By the end of July, more than 80 auto brands and over 2,400 dealers have signed up for the event.

Mr. Min Lu, Chairman of the Board of Directors and Chief Executive Officer of Autohome, stated, “I’m pleased to report a solid quarter with total revenue managing to increase by 23.5% year-over-year, despite the continuous decline in new car sales. During the quarter, we strove to expand content offerings while continuing to improve the user experience through a major upgrade of the Autohome App. On the product front, we plan to extend our data services to serve the R&D department of OEMs, and further enable dealer partners throughAI-powered new data products. With all the aforementioned progress, we are confident to continue to drive our growth and generate returns for our shareholders over the long-term.”

¹  The reporting currency of the Company is Renminbi (“RMB”). For the convenience of readers, certain amounts throughout the release are presented in US dollars (“$”). Unless otherwise noted, all conversions from RMB to US$ are translated at the noon buying rate of US$1.00 to RMB6.8650 on June 28, 2019 in the City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. No representation is made that the RMB amounts could have been, or could be, converted into US$ at such rate.

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Mr. Jun Zou, Chief Financial Officer of Autohome, added, “In the second quarter, we maintained the solid growth momentum in our core business. Our new initiatives once again picked up steam and gained positive market recognition. In response to the prolonged sales decline in the auto sector, we proactively stepped up our efforts in supporting OEMs/dealers through initiatives such as the “818 Global Super Auto Show”. We believe such efforts will bode well with our strategy and benefit to the long-term relationship with our partners.”

Overview of Key Financial Results for the Second Quarter 2019

Key Financial Results

(In RMB Millions except for per share data)	2Q2018		2Q2019		% Change
Net Revenues		1,868.9		2,309.0		23.5	%
Net Income attributable to Autohome Inc.		691.6		801.9		15.9	%
Adjusted Net Income attributable to Autohome Inc.2(Non-GAAP)		744.3		855.4		14.9	%
Diluted Earnings Per Share3		5.79		6.70		15.7	%

Unaudited Second Quarter 2019 Financial Results

Net Revenues

Net revenues in the second quarter of 2019 were RMB2,309.0 million ($336.3 million) compared to RMB1,868.9 million in the corresponding period of 2018.

• Media servicesrevenues increased by 10.5% to RMB1,028.3 million ($149.8 million) from RMB930.2 million in the corresponding period of 2018. The increase was mainly attributable to an increase in average revenue per automaker advertiser as automakers continued to allocate a greater portion of their advertising budgets to Autohome, which provides an increasingly diversified and optimized product portfolio.

• Leads generation servicesrevenuesincreased by 20.1% to RMB888.8 million ($129.5 million) from RMB740.0 million in the corresponding period of 2018. The increase was primarily attributable to the increase in average revenue per paying dealer.

• Online marketplace and othersrevenues increased by 97.2% to RMB391.9 million ($57.1 million) from RMB198.7 million in the corresponding period of 2018. This increase was primarily attributable to the increased contribution from data products and auto-financing businesses.

²  Adjusted net income attributable to Autohome Inc. is defined as net income attributable to Autohome Inc. excluding share-based compensation expenses and amortization expenses of intangible assets related to acquisitions. For more information on this and othernon-GAAP financial measures, please see the section captioned “Use ofNon-GAAP Financial Measures” and the tables captioned “Reconciliations ofNon-GAAP and GAAP Results” set forth at the end of this release.

³  Each ordinary share equals one ADS.

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Cost of Revenues

Cost of revenues were RMB263.6 million ($38.4 million) compared to RMB208.7 million in the corresponding period of 2018. In addition, cost of revenues included share-based compensation expenses of RMB4.1 million ($0.6 million) during the second quarter of 2019, compared to RMB7.1 million for the corresponding period of 2018.

Operating Expenses

Operating expenses were RMB1,335.3 million ($194.5 million) in the second quarter of 2019, compared to RMB987.5 million in the corresponding period of 2018. The increase was mainly due to increases in sales and marketing expenses and product development expenses, as the Company continued to invest in future growth opportunities.

• Sales and marketing expenses were RMB892.9 million ($130.1 million) in the second quarter of 2019, compared to RMB588.0 million in the corresponding period of 2018. The increase was primarily due to the increased offline execution expenses to support automakers and dealers. Sales and marketing expenses for the second quarter of 2019 included share-based compensation expenses of RMB12.9 million ($1.9 million), compared to RMB13.9 million in the corresponding period of 2018.

• General and administrativeexpenses were RMB81.8 million ($11.9 million) in the second quarter of 2019, compared to RMB86.4 million in the corresponding period of 2018. General and administrative expenses for the second quarter of 2019 included share-based compensation expenses of RMB15.2 million ($2.2 million), compared to RMB15.7 million in the corresponding period of 2018.

• Product developmentexpenses were RMB360.6 million ($52.5 million) in the second quarter of 2019 compared to RMB313.1 million in the corresponding period of 2018. The increase was primarily due to an increase in staff cost related to product development. Product development expenses for the second quarter of 2019 included share-based compensation expenses of RMB20.2 million ($2.9 million), compared to RMB14.9 million in the corresponding period of 2018.

Operating Profit

Operating profit was RMB835.3 million ($121.7million) in the second quarter of 2019, compared to RMB748.4 million in the corresponding period of 2018.

Income tax expense

Income tax expense was RMB147.3 million ($21.5 million) in the second quarter of 2019, compared to RMB145.1 million in the corresponding period of 2018.

Net Income attributable to Autohome Inc. and EPS

Net income attributable to Autohome Inc. was RMB801.9 million ($116.8 million) in the second quarter of 2019, compared to RMB691.6 million in the corresponding period of 2018. Basic and diluted earnings per share/per ADS or “EPS”were RMB6.77 ($0.99) and RMB6.70 ($0.98), respectively, compared to basic and diluted EPS of RMB5.89 and RMB5.79, respectively, in the corresponding period of 2018.

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Adjusted Net Income attributable to Autohome Inc.(Non-GAAP) andNon-GAAP EPS

Adjusted net income attributable to Autohome Inc.(Non-GAAP), defined as net income attributable to Autohome Inc., excluding share-based compensation expenses and amortization expenses of intangible assets related to acquisitions, was RMB855.4 million ($124.6 million) in the second quarter of 2019, compared to RMB744.3 million in the corresponding period of 2018.Non-GAAP basic and diluted EPS were RMB7.22 ($1.05) and RMB7.15 ($1.04), respectively, compared tonon-GAAP basic and diluted EPS of RMB6.33 and RMB6.23, respectively, in the corresponding period of 2018.

Balance Sheet and Cash Flow

As of June 30, 2019, the Company had cash and cash equivalents and short-term investments of RMB10.83 billion ($1,577.8 million). Net cash provided by operating activities in the second quarter of 2019 was RMB372.0 million ($54.2 million).

Employees

The Company had 4,223 employees as of June 30, 2019.

Business Outlook

Autohome currently expects to generate net revenues in the range of RMB2,160.0 million ($314.6 million) to RMB2,190.0 million ($319.0 million) in the third quarter of fiscal year 2019, representing a 14.4% to 16.0% year-over-year increase. This forecast reflects the Company’s current and preliminary view on the market and its operating conditions, which are subject to change.

Conference Call Information

The Company will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, August 7, 2019 (8:00 PM Beijing Time on the same day).

Dial-in details for the earnings conference call are as follows:

United States:	+1-855-824-5644
Hong Kong:	+852-3027-6500
China Domestic:	8009-880-563
United Kingdom:	0800-026-1542
International:	+1646-722-4977
Passcode:	34234955#

Please dial in ten minutes before the call is scheduled to begin and provide the passcode to join the call.

A replay of the conference call may be accessed by phone at the following numbers until August 13, 2019:

United States:	+1-646-982-0473
International:	+61-2-8325-2405
Passcode:	319321410#

Additionally, a live and archived webcast of the conference call will be available at http://ir.autohome.com.cn.

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About Autohome Inc.

Autohome Inc. (NYSE: ATHM) is the leading online destination for automobile consumers in China. Its mission is to enhance thecar-buying and ownership experience for auto consumers in China. Autohome provides professionally produced and user-generated content, a comprehensive automobile library, and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle. The ability to reach a large and engaged user base of automobile consumers has made Autohome a preferred platform for automakers and dealers to conduct their advertising campaigns. Further, the Company’s dealer subscription and advertising services allow dealers to market their inventory and services through Autohome’s platform, extending the reach of their physical showrooms to potentially millions of internet users in China and generating sales leads for them. The Company offers sales leads, data analysis, and marketing services to assist automakers and dealers with improving their efficiency and facilitating transactions. As a transaction-centric company, Autohome operates its “Autohome Mall,” a full-service online transaction platform, to facilitate transactions for automakers and dealers. Further, through its websites and mobile applications, it also provides other value-added services, including auto financing, auto insurance, used car transactions, and aftermarket services. For further information, please visit www.autohome.com.cn.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates” and similar statements. Among other things, Autohome’s business outlook, Autohome’s strategic and operational plans and quotations from management in this announcement contain forward-looking statements. Autohome may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Autohome’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Autohome’s goals and strategies; Autohome’s future business development, results of operations and financial condition; the expected growth of the online automobile advertising market in China; Autohome’s ability to attract and retain users and advertisers and further enhance its brand recognition; Autohome’s expectations regarding demand for and market acceptance of its products and services; competition in the online automobile advertising industry; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Autohome’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Autohome does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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Use ofNon-GAAP Financial Measures

To supplement net income presented in accordance with U.S. GAAP, we use Adjusted Net Income attributable to Autohome Inc.,Non-GAAP basic and diluted EPS and Adjusted EBITDA asnon-GAAP financial measures. We define Adjusted Net Income attributable to Autohome Inc. as net income attributable to Autohome Inc. excluding share-based compensation expenses and amortization expenses of intangible assets related to acquisitions. We defineNon-GAAP basic and diluted EPS as Adjusted Net Income attributable to Autohome Inc. divided by the basic and diluted weighted average number of ordinary shares. We define Adjusted EBITDA as net income attributable to Autohome Inc. before income tax expense/(benefit), depreciation expenses of property and equipment and amortization expenses of intangible assets and share-based compensation expenses. We present thesenon-GAAP financial measures because they are used by our management to evaluate our operating performance, in addition to net income prepared in accordance with U.S. GAAP. We believe thesenon-GAAP financial measures are important to help investors understand our operating and financial performance, compare business trends among different reporting periods on a consistent basis and assess our core operating results, as they exclude certain expenses that are not expected to result in cash payments. The use of the abovenon-GAAP financial measures has certain limitations. Share-based compensation expenses have been and will continue to be incurred in the future and are not reflected in the presentation of thenon-GAAP financial measures, but should be considered in the overall evaluation of our results. Thesenon-GAAP financial measures should be considered in addition to financial measures prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP. For more information on thesenon-GAAP financial measures, please see the table captioned “Reconciliation ofnon-GAAP and GAAP Results” set forth at the end of this press release.

For investor and media inquiries, please contact:

In China:

Autohome Inc.

Investor Relations

Anita Chen

Tel:+86-10-5985-7483

Email:ir@autohome.com.cn

The Piacente Group, Inc.

Xi Zhang

Tel:+86-10-6508-0677

E-mail:autohome@tpg-ir.com

In the United States:

The Piacente Group, Inc.

Brandi Piacente

Tel:+1-212-481-2050

E-mail:autohome@tpg-ir.com

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AUTOHOME INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Amount in thousands, except per share data)

	For three months ended June 30,									For six months ended June 30,
	2018			2019						2018			2019
	RMB			RMB			US$			RMB			RMB			US$
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)
Net revenues:
Media services		930,228			1,028,308			149,790			1,514,378			1,671,543			243,488
Leads generation services		739,975			888,799			129,468			1,350,805			1,622,886			236,400
Online marketplace and others		198,680			391,855			57,080			291,754			626,461			91,254
Total net revenues		1,868,883			2,308,962			336,338			3,156,937			3,920,890			571,142
Cost of revenues		(208,691	)		(263,630	)		(38,402	)		(354,832	)		(448,084	)		(65,271	)
Gross profit		1,660,192			2,045,332			297,936			2,802,105			3,472,806			505,871
Operating expenses:
Sales and marketing expenses		(588,038	)		(892,901	)		(130,066	)		(986,070	)		(1,402,625	)		(204,315	)
General and administrative expenses		(86,371	)		(81,807	)		(11,917	)		(149,251	)		(149,565	)		(21,787	)
Product development expenses		(313,121	)		(360,603	)		(52,528	)		(541,911	)		(629,176	)		(91,650	)
Total operating expenses		(987,530	)		(1,335,311	)		(194,511	)		(1,677,232	)		(2,181,366	)		(317,752	)
Other income, net		75,697			125,239			18,243			146,693			201,277			29,319
Operating profit		748,359			835,260			121,668			1,271,566			1,492,717			217,438
Interest income		88,363			114,206			16,636			152,405			228,427			33,274
Loss from equity method investments		(2,314	)		(89	)		(13	)		(4,204	)		(1,671	)		(243	)
Fair value change of othernon-current assets		—			—			—			—			(4,026	)		(586	)
Income before income taxes		834,408			949,377			138,291			1,419,767			1,715,447			249,883
Income tax expense		(145,054	)		(147,285	)		(21,454	)		(248,959	)		(266,810	)		(38,865	)
Net income		689,354			802,092			116,837			1,170,808			1,448,637			211,018
Net loss/(income) attributable to noncontrolling interests		2,276			(213	)		(31	)		3,605			(449	)		(65	)
Net income attributable to Autohome Inc.		691,630			801,879			116,806			1,174,413			1,448,188			210,953
Earnings per share for ordinary share
Basic		5.89			6.77			0.99			10.00			12.24			1.78
Diluted		5.79			6.70			0.98			9.85			12.12			1.77
Weighted average shares used to compute earnings per share attributable to common stockholders:
Basic		117,523,601			118,463,582			118,463,582			117,424,250			118,347,380			118,347,380
Diluted		119,396,482			119,632,344			119,632,344			119,287,838			119,494,603			119,494,603

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AUTOHOME INC.

RECONCILIATION OFNON-GAAP AND GAAP RESULTS

(Amount in thousands, except per share data)

	For three months ended June 30,						For six months ended June 30,
	2018		2019				2018		2019
	RMB		RMB		US$		RMB		RMB		US$
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Net income attributable to Autohome Inc.		691,630		801,879		116,806		1,174,413		1,448,188		210,953
Plus: income tax expense		145,054		147,285		21,454		248,959		266,810		38,865
Plus: depreciation of property and equipment		20,168		25,681		3,741		41,431		51,007		7,430
Plus: amortization of intangible assets		2,904		2,917		425		5,808		5,834		850
EBITDA		859,756		977,762		142,426		1,470,611		1,771,839		258,098
Plus: share-based compensation expenses		51,564		52,397		7,632		87,599		105,584		15,380
Adjusted EBITDA		911,320		1,030,159		150,058		1,558,210		1,877,423		273,478
Net income attributable to Autohome Inc.		691,630		801,879		116,806		1,174,413		1,448,188		210,953
Plus: amortization of acquired intangible assets of Cheerbright, China Topside and Norstar		1,138		1,139		166		2,276		2,278		332
Plus: share-based compensation expenses		51,564		52,397		7,632		87,599		105,584		15,380
Adjusted Net Income attributable to Autohome Inc.		744,332		855,415		124,604		1,264,288		1,556,050		226,665
Non-GAAP Earnings per share for ordinary shares
Basic		6.33		7.22		1.05		10.77		13.15		1.92
Diluted		6.23		7.15		1.04		10.60		13.02		1.90
Weighted average shares used to compute earnings per share attributable to common stockholders:
Basic		117,523,601		118,463,582		118,463,582		117,424,250		118,347,380		118,347,380
Diluted		119,396,482		119,632,344		119,632,344		119,287,838		119,494,603		119,494,603

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AUTOHOME INC.

CONDENSED CONSOLIDATED BALANCE SHEET⁴

(Amount in thousands, except as noted)

	As of December 31,			As of June 30,
	2018			2019
	RMB			RMB			US$
	(Audited)			(Unaudited)			(Unaudited)
ASSETS
Current assets
Cash and cash equivalents		211,970			1,606,520			234,016
Short-term investments		9,849,488			9,224,736			1,343,734
Accounts and notes receivable, net		2,795,835			2,930,444			426,867
Amounts due from related parties, current		34,047			43,882			6,392
Prepaid expenses and other current assets		249,977			336,245			48,980
Total current assets		13,141,317			14,141,827			2,059,989
Non-current assets
Restricted cash,non-current		5,000			5,000			728
Property and equipment, net		170,198			159,627			23,252
Goodwill and intangible assets, net		1,543,682			1,537,849			224,013
Long-term investments		70,979			69,308			10,096
Deferred tax assets		90,179			147,565			21,495
Othernon-current assets		734,846			890,428			129,705
Totalnon-current assets		2,614,884			2,809,777			409,289
Total assets		15,756,201			16,951,604			2,469,278
LIABILITIES AND EQUITY
Current liabilities
Accrued expenses and other payables		2,439,948			2,364,244			344,389
Advance from customers		75,017			90,831			13,231
Deferred revenue		1,510,726			1,086,144			158,215
Income tax payable		119,210			181,387			26,422
Amounts due to related parties		19,868			19,525			2,844
Total current liabilities		4,164,769			3,742,131			545,101
Non-current liabilities
Other liabilities		24,068			46,255			6,738
Deferred tax liabilities		455,921			452,167			65,866
Totalnon-current liabilities		479,989			498,422			72,604
Total liabilities		4,644,758			4,240,553			617,705
Equity
Total Autohome Inc. Shareholders’ equity		11,135,278			12,734,437			1,854,980
Noncontrolling interests		(23,835	)		(23,386	)		(3,407	)
Total equity		11,111,443			12,711,051			1,851,573
Total liabilities and equity		15,756,201			16,951,604			2,469,278

⁴  In February 2016, the Financial Accounting Standards Board issued ASUNo. 2016-02,Leases (“ASU2016-02”). Under the new provisions, all lessees will report aright-of-use asset and a liability for the obligation to make payments for all leases with the exception of those leases with a term of 12 months or less. The Company has finalized its analysis and the most significant impact is the recognition ofright-of-use assets and lease liabilities for operating lease related to office buildings and internet data center (“IDC”) facilities. The Company adopted this guidance effective January 1, 2019 using the modified retrospective method, with the comparative information not being restated and continues to be reported under the accounting standards in effect for those periods. As of June 30, 2019, operating leaseright-of-use assets (included in othernon-current assets) of RMB124.3 million (US$18.1 million), operating lease liabilities, current (included in accrued expenses and other payables) of RMB98.5 million (US$14.4 million) and operating lease liabilities,non-current (included in other liabilities) of RMB22.2 million (US$3.2 million) was recognized on the consolidated balance sheet.

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