Sohu.com Limited (NASDAQ:SOHU) Q2 2020 Earnings Conference Call August 10, 2020 7:30 AM ET Company Participants Huang Pu - Director, IR Charles Zhang - Chairman and CEO Joanna Lv - CFO Conference Call Participants Eddie Leung - Bank of America Merrill Lynch Thomas Chong - Jefferies Alicia Yap - Citigroup Operator Good evening. Thank you for joining Sohu's Second Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. After management prepared remarks, there will be a ...

Sohu.com Limited (NASDAQ:SOHU) Q1 2020 Earnings Conference Call May 18, 2020 7:30 AM ET Company Participants Huang Pu - Director, IR Charles Zhang - Chairman and CEO Joanna Lv - CFO Conference Call Participants Eddie Leung - Bank of America Merrill Lynch Alicia Yap - Citigroup Operator Good evening. Thank you for joining Sohu's First Quarter 2020 Earnings Conference Call. At this time, all participants are in listen-only mode. After management prepared remarks, there will be a Q&A session. Today's conferenc ...

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, 2019 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 ...

Financial Data and Key Metrics Changes - For Q4 2019, total revenues were $490 million, up 5% year-over-year and 2% quarter-over-quarter [9] - Non-GAAP net income attributable to Sohu.com Limited was $7 million, compared to a net loss of $51 million in Q4 2018 [10] - For the full year 2019, total revenues were $1.85 billion, up 2% compared to 2018 [11] - Non-GAAP net loss attributable to Sohu.com Limited was $93 million for 2019, improved from a loss of $207 million in 2018 [11] Business Line Data and Key Metrics Changes - Sohu Media Portal revenues for Q4 were $23 million with a loss of $25 million [21] - Sohu Video revenues for Q4 were $22 million with a loss of $18 million, showing a 40% improvement in operating loss compared to Q4 2018 [14][21] - Sogou's quarterly revenues were $301 million, up 1% year-over-year, with net income of $39 million [22] - Changyou's quarterly revenues were $135 million, up 35% year-over-year, with net income of $63 million [22] Market Data and Key Metrics Changes - Sogou maintained its position as China's second-largest search engine, with search revenue growing faster than the industry average [18] - The mobile keyboard user base for Sogou increased to 464 million DAUs, with a 54% increase in daily voice requests year-over-year [18] Company Strategy and Development Direction - The company aims to strengthen its brand influence through high-quality original content and various events [12] - Sohu Video is focusing on a twin-engine strategy with both long-form and short-form content to enhance user engagement [13] - The company is committed to cost-saving initiatives and improving monetization capabilities across its platforms [6][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the slowing economy and intensified competition but emphasized the exploration of new opportunities [6] - The impact of the COVID-19 outbreak is expected to negatively affect advertising revenues, but there is optimism for a rebound as the economy recovers [15][34] - Management noted that user engagement has increased during the pandemic, particularly for video content [35] Other Important Information - The company expects total revenues for Q1 2020 to be between $400 million and $435 million, with brand advertising revenues expected to decline significantly due to the pandemic [23][24] - Non-GAAP net loss for Q1 2020 is projected to be between $25 million and $35 million [24] Q&A Session Summary Question: What are the top advertising industries for your news media in Q4? - Management indicated that the top advertising industries included auto, real estate, and internet services before the coronavirus outbreak [26][27] Question: How is the video business's cash flow and capital raising needs? - Management stated that they are implementing a low-budget strategy for video production and relying on past productions for revenue [30][31] Question: What is the guidance for brand advertising revenue decline? - Management expects both portal and video advertising to be equally impacted, with a potential rebound in Q2 if the economy recovers [34] Question: How is the competition from short-form video affecting SME advertising? - Management noted that SME income represents a small part of brand advertising revenue and has remained steady [46]

Financial Data and Key Metrics Changes - For Q3 2019, total revenues were $482 million, up 9% year-over-year and 4% quarter-over-quarter [9] - Non-GAAP net loss attributable to Sohu.com Limited was $17 million, a decrease of 26% compared to the previous quarter [9] - Excluding Sogou and Changyou, the non-GAAP net loss was $53 million, an increase of 31% year-over-year [9] Business Line Data and Key Metrics Changes - Sohu Media Portal revenues were $25 million with a quarterly loss of $31 million [18] - Sohu Video revenues were $22 million with a quarterly loss of $20 million [18] - Sogou revenues were $350 million, up 14% year-over-year and 4% quarter-over-quarter, with net income of $41 million [19] - Changyou revenues were $111 million, up 9% year-over-year but down 4% quarter-over-quarter, with net income of $34 million [19] Market Data and Key Metrics Changes - Sogou maintained its position as China's second-largest search engine, with mobile keyboard DAU reaching 464 million, up 14% year-over-year [15] - Brand advertising revenues for Q4 2019 are expected to be between $40 million and $45 million, implying an annual decrease of 21% to 30% [20] Company Strategy and Development Direction - The company is focusing on cost-saving initiatives and diversifying revenue streams, particularly in Sohu Media and Sohu Video segments [6][7] - Sohu Media is enhancing its content quality and hosting events to attract advertisers [10][11] - Sogou is leveraging its AI capabilities to support innovations in search and mobile keyboard businesses [15][16] Management Comments on Operating Environment and Future Outlook - Management noted ongoing macroeconomic uncertainties but indicated that total revenue and bottom line exceeded prior guidance [6] - The company expects to achieve profitability on a group level in the coming quarters, despite challenges in the media advertising business [27] Other Important Information - The company is implementing strict budget controls and improving resource utilization to enhance monetization and revenue growth potential [12] - Changyou's online game business continues to perform well, with a focus on maintaining user engagement [17] Q&A Session Summary Question: Impact of advertiser spending on SMEs vs. key accounts - Management indicated that key accounts are more affected by the macroeconomic situation, particularly in the auto industry, while SMEs are less impacted [24] Question: Regulatory environment and profitability expectations for online video - Management stated that while losses in the media business are expected to shrink, profitability is still not reached, but group-level profitability is anticipated in the coming quarters [27] Question: Content quality improvements in Sohu Media - Management highlighted the contribution of over 600,000 writers on Sohu Hub and various events to enhance content quality and attract advertisers [30] Question: Anticipation of regulatory easing for video content - Management noted that while regulations have eased slightly, the company is focusing more on short videos and social functions rather than solely on long-form content [34]

Sohu.com Limited (NASDAQ:SOHU) Q2 2019 Earnings Conference Call August 5, 2019 8:30 AM ET Company Participants Huang Pu - Investor Relations Director Charles Zhang - Chairman & Chief Executive Officer Joanna Lv - Chief Financial Officer Conference Call Participants Eddie Leung - Merrill Lynch Alicia Yap - Citigroup Wei Tzu - First Capital Operator Ladies and gentlemen, thank you for standing by and good evening. Thank you for joining Sohu's Second Quarter 2019 Earnings Conference Call. At this time, all par ...

Sohu.com Limited (NASDAQ:SOHU) Q1 2019 Earnings Conference Call April 29, 2019 8:30 AM ET Company Participants Eric Yuan - IR Charles Zhang - Chairman and CEO Joanna Lv - CFO Conference Call Participants Alicia Yap - Citigroup Operator Ladies and gentlemen, thank you for standing by, and good evening. Thank you for joining Sohu's First Quarter 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a Question-and-Answer sess ...

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, 2018 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 ...

Sohu.com Inc. (NASDAQ:SOHU) Q4 2018 Earnings Conference Call February 1, 2019 8:30 AM ET Company Participants Eric Yuan - Investor Relations Director Dr. Charles Zhang - Chairman and CEO Joanna Lv - CFO Dewen Chen - Changyou's CEO Yaobin Wang - Changyou's CFO Xiaochuan Wang - Sogou's CEO Joe Zhou - Sogou's CFO Conference Call Participants Thomas Chong - Credit Suisse Alicia Yap - Citigroup Shi Jialong - Nomura Operator Ladies and gentlemen, thank you for standing by, and good evening. Thank you for joining ...