AutoHome, the "autotrader" of China, was out this morning with its first EPS report since going public. Very nice numbers indeed.
6:35 am Autohome beats by $0.04, beats on revs; guides Q1 revs above consensus (ATHM) : Reports Q4 (Dec) adj. earnings of $0.21 per share, $0.04 better than the Capital IQ Consensus of $0.17; revenues rose 73.8% year/year to $63.8 mln vs the $59.63 mln consensus.
- Advertising services revenues for Q4 increased 56.3% to RMB277.0 million ($45.8 million) from RMB177.2 million in the corresponding period in 2012. The increase was due to the increased revenues from both automaker advertisers and dealer advertisers. Revenues from automaker advertisers and dealer advertisers accounted for 73.4% and 26.6%, respectively of total advertising services revenues for the fourth quarter of 2013. Dealer subscription services revenues for the fourth quarter of 2013 increased 144.6% to RMB109.0 million ($18.0 million) from RMB44.6 million in the corresponding period in 2012.
Co issues upside guidance for Q1, sees Q1 revs of $52.5-54.8 mln vs. $52.10 mln Capital IQ Consensus Estimate.
Disclosure: I am long ATHM.