Autohome (HKG:2518) recorded a decline in attributable net income in the first quarter of 2026 to 44.3 million yuan from 340.5 million yuan a year prior, according to a Thursday Hong Kong bourse filing.

The online automobile platform's earnings per share fell to 0.10 yuan from 0.71 yuan in the year-ago period.

Revenue slipped to 1.05 billion yuan from 1.45 billion yuan in the corresponding period of the previous fiscal year.

The lower revenue was due to reduced advertising spending from automakers and a drop in the number of paying dealers.

The company proposed a cash dividend of $0.165 per ordinary share or $0.66 per ADS, payable July 24 and July 31, respectively, to shareholders of record as of July 2.