BEIJING, Aug. 5, 2024 /PRNewswire/ -- Sohu.com Limited (NASDAQ: SOHU) ("Sohu" or the "Company"), a leading Chinese online media, video, and game business group, today reported unaudited financial results for the second quarter ended June 30, 2024.Second Quarter HighlightsTotal revenues were US$172 million, up 13% year-over-year and 24% quarter-over-quarter.Brand advertising revenues were US$20 million, down 17% year-over-year and up 24% quarter-over-quarter.Online game revenues were US$147 million, up 24% y ...

BEIJING, July 22, 2024 /PRNewswire/ -- Sohu.com Limited (NASDAQ: SOHU), a leading Chinese online media, video and game business group, will report its second quarter 2024 unaudited financial results on Monday, August 5, 2024, before U.S. market hours.Sohu's management team will host a conference call on the same day at 7:30 a.m. U.S. Eastern Time, August 5, 2024 (7:30 p.m. Beijing/Hong Kong time, August 5, 2024) following the quarterly results announcement.Conference Call PreregistrationParticipants can reg ...

It has been about a month since the last earnings report for Sohu.com (SOHU) . Shares have added about 8.3% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Sohu.com due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Sohu Incurs Wider-Than-Expected Loss in Q1 on Lower R ...

Financial Performance Overview - In Q1 2024, total revenues were $139 million, down 14% year-over-year and 1% quarter-over-quarter [6] - Brand advertising revenues were $16 million, down 29% year-over-year and 20% quarter-over-quarter [6] - Online game revenues were $118 million, down 9% year-over-year but up 3% quarter-over-quarter [6] - GAAP net loss attributable to Sohu.com Limited was $25 million, compared to a net loss of $18 million in Q1 2023 [7] - Non-GAAP net loss attributable to Sohu.com Limited was $22 million, compared to a loss of $13 million in Q1 2023 [7] Business Segment Performance - Sohu Media and Sohu Video revenues were $20 million, down from $30 million in the same quarter last year, with an operating loss of $74 million [13] - Changyou's online game business revenues were $119 million, down from $131 million in the same quarter last year, with an operating profit of $55 million [13] Market Insights - The advertising market remains cautious, with some recovery noted in sectors such as FMCG and electric vehicles, although overall spending is still low [25][27] - The company expects brand advertising revenue in Q2 2024 to be between $18 million and $20 million, indicating a year-over-year decrease of 16% to 25% [14] Strategic Direction - The company is focusing on enhancing user experience through product refinement and algorithm optimization, as well as integrating its product matrix to stimulate content generation [5] - Sohu plans to leverage its unique IPs and differentiated advantages to create monetization opportunities through various events and campaigns [5][10] Management Commentary - Management expressed that the macroeconomic environment remains uncertain, impacting advertising spending [18] - There is an expectation for sequential growth in online game revenues, primarily driven by new game launches [19] - Increased marketing expenses for new game promotions are anticipated to contribute to wider net loss guidance for Q2 [23] Other Important Information - As of May 16, 2024, Sohu had repurchased 1.7 million ADS for approximately $17 million, with plans to complete the $150 million buyback program over the next two years [12][17] Q&A Session Summary Question: Advertising segment outlook and growth expectations - Management indicated that while there may be a quarter-over-quarter increase in brand advertising, year-over-year growth remains uncertain due to cautious spending [18] Question: Online game revenue guidance - The sequential increase in online game revenue is expected to come from new licensed games launched in Japan and South Korea, as well as a new game launched in the Chinese Mainland [19] Question: Share repurchase strategy - The company plans to complete the $150 million buyback program over approximately two years, limited by daily trading volume [17][22] Question: Impact of macroeconomic conditions on advertising - Management noted some recovery in specific sectors but emphasized that overall advertising spending remains cautious, with no direct positive impact from recent real estate policies [27][28]

Sohu.com Limited (SOHU) reported soft first-quarter 2024 results, with the bottom line missing the Zacks Consensus Estimate. Despite increasing user engagement and innovative strategic investments in its platform, the leading provider of online advertising, media and gaming services in China recorded year-over-year lower revenues owing to the adverse impact of rigid government regulations and macroeconomic headwinds.Net IncomeOn a GAAP basis, the company incurred a net loss of $25 million or a loss of 76 ce ...

BEIJING, May 20, 2024 /PRNewswire/ -- Sohu.com Limited (NASDAQ: SOHU) ("Sohu" or the "Company"), a leading Chinese online media, video, and game business group, today reported unaudited financial results for the first quarter ended March 31, 2024.First Quarter HighlightsTotal revenues were US$139 million, down 14% year-over-year and 1% quarter-over-quarter.Brand advertising revenues were US$16 million, down 29% year-over-year and 20% quarter-over-quarter.Online game revenues were US$118 million, down 9% yea ...

BEIJING, May 6, 2024 /PRNewswire/ -- Sohu.com Limited (NASDAQ: SOHU), a leading Chinese online media, video and game business group, will report its first quarter 2024 unaudited financial results on Monday, May 20, 2024, before U.S. market hours. Sohu's management team will host a conference call on the same day at 7:30 a.m. U.S. Eastern Time, May 20, 2024 (7:30 p.m. Beijing/Hong Kong time, May 20, 2024) following the quarterly results announcement. Conference Call Preregistration Participants can register ...

A month has gone by since the last earnings report for Sohu.com (SOHU) . Shares have added about 10% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Sohu.com due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Sohu Q4 Loss Narrower Than Expected Despite Revenue DeclineS ...

Group 1 - Sohu.com Limited filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2023, with the Securities and Exchange Commission [1] - The Annual Report is accessible on the Company's investor relations website and hard copies are available upon request [1] - Sohu is a leading Chinese online media, video, and game business group, established in the 1990s by Dr. Charles Zhang [2] Group 2 - Sohu operates a comprehensive matrix of Chinese language web properties, including Sohu News App, Sohu Video App, and the online games platform Changyou [2][3] - The Company provides online brand advertising services and a variety of news, information, and content services across its platforms [3] - Sohu's online game business, managed by its subsidiary Changyou, includes popular games like Tian Long Ba Bu [3]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...