Autohome Inc. (NYSE:ATHM) Q3 2019 Earnings Conference Call - Final Transcript

Nov 05, 2019 • 07:00 am ET


Autohome Inc. (NYSE:ATHM) Q3 2019 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by for Autohome's Third Quarter 2019 Earnings Conference Call. [Operator Instructions]

It is now my pleasure to introduce your host, Anita Chen, Autohome's IR Director. Ms. Chen, you may begin.

Anita Chen

Thank you, operator. Hello, everyone, and welcome to Autohome's third quarter 2019 earnings conference call. Earlier today, Autohome distributed its earnings press release, and you may find a copy on the Company's website at

On today's call we have Mr. Min Lu, Autohome's Chairman and CEO; Mr. Haifeng Shao, Autohome's President; and Mr. Jun Zou, Autohome's CFO. After the prepared remarks, Mr. Lu, Mr. Shao, Mr. Zou will be available to answer your questions.

Before we begin, please note that the discussion today will contain forward-looking statements made under the Safe Harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. Potential risks and uncertainties include, but are not limited to, those are outlined in our public filings with the Securities and Exchange Commission. Autohome does not undertake any obligations to update any forward-looking statements, except as required under applicable law.

The earnings press release in this call also includes discussion of current unaudited non-GAAP financial measures. The press release contains a reconciliation of the non-GAAP measures to the most directly comparable GAAP measures and is available on Autohome's IR website.

As a reminder, this conference is being recorded. In addition, a webcast of this conference call will also be available on Autohome's IR website.

I will now turn the call over to Autohome's Chairman and CEO, Mr. Lu.

Min Lu

Thank you, Anita. Hello, everyone, and thank you for joining us today to discuss our third quarter 2019 results.

Domestic new passenger vehicle sales fell for the 15th month as of September, with total sales volumes decrease by 11% year-over-year for the first nine months of this year, according to CAAM. Automakers have generally been more cautious with their spending. Despite the challenges from the difficult operating environment, our top line growth continues to outperform the industry with total revenue increased by 21% year-over-year to RMB6.09 billion for the first nine months.

During the quarter, we maintained a solid growth while endeavoring to achieve differentiation, diversification, and globalization across our business. In September, the number of average DAUs who accessed our mobile websites, primary application, and the mini apps increased by 38% year-over-year to 38.8 million. For content, we continue to optimize overall content quality while providing enhanced services and value to our users. Notably our road trip content [Phonetic] achieved strong growth momentum with DAUs with DAUs reaching over 2 million from 400,000 in less than two years. Automakers mix also found this channel an attractive opportunity to increase their brand exposure territory [Phonetic]

with these targeted users.

On the data front, Autohome secured vast volumes of car-related data across the industry. Through data analysis, we are deepening our understanding of