Autohome Inc. reported second-quarter 2026 net revenue of RMB1,198.0 million ($176.6 million), down from RMB1,758.1 million a year earlier. Net income attributable to Autohome fell to RMB247.8 million ($36.5 million) from RMB415.7 million, while adjusted net income declined to RMB277.3 million ($40.9 million) from RMB475.7 million. The China-focused online automobile platform said dealer spending and the number of paying dealers decreased, while revenue from its vehicle sales business also fell. Autohome completed a $200 million share-repurchase program on July 30, 2026, buying 10,627,269 American depositary shares, or ADSs (U.S.-traded receipts for ordinary shares). Its board approved a new $400 million buyback program on July 28, and the company had repurchased 1,895,093 ADSs for approximately $43.6 million by Aug. 14. The company is also expanding its authorized-dealer and offline franchised chain model, Autohome Good Car, advancing a cross-border used-car export platform and testing Cheese Car Butler, an AI agent (software that performs tasks for users) launched in early July.