Core Insights - Sohu reported a total revenue of $126 million for Q2 2025, with a net loss narrowing by over 40% compared to the same period in 2024, reaching $20 million [1] - Marketing services revenue was $16 million, while online gaming revenue accounted for $106 million [1] - The company’s CEO, Zhang Chaoyang, highlighted that both marketing services revenue and online gaming revenue met previous expectations, contributing to the overall performance [1] Financial Performance - Total revenue for Q2 2025: $126 million [1] - Marketing services revenue: $16 million [1] - Online gaming revenue: $106 million [1] - Non-GAAP net loss: $20 million, down from $34 million in Q2 2024, representing a reduction of over 40% [1] Business Strategy - Sohu is focusing on optimizing its media products and enhancing social operations to improve synergy among its offerings [1] - The online gaming segment is prioritizing user needs by continuously launching high-quality new content and optimizing gaming experiences [1] Share Buyback Program - As part of a previously announced share buyback program of up to $150 million, Sohu repurchased 6.6 million American Depositary Shares for approximately $83 million by July 31, 2025 [1]

Group 1 - The core viewpoint of the article is that Sohu's Q2 2025 financial results show a significant improvement, with total revenue reaching $126 million and a net loss that has narrowed by over 40% year-on-year, meeting previous expectations [1] - Sohu's total revenue for Q2 2025 was $126 million, with marketing services revenue at $16 million and online gaming revenue at $106 million [1] - The non-GAAP net loss attributable to Sohu for Q2 2025 was $20 million, compared to a net loss of $34 million in the same period of 2024, indicating a substantial year-on-year improvement [1] Group 2 - Sohu's CEO, Zhang Chaoyang, highlighted that the marketing services revenue met expectations, while online gaming revenue and group net loss also aligned with prior best forecasts [1] - The company is focusing on optimizing its media products and enhancing social operations to increase user engagement and brand influence, which has led to more commercial opportunities [1] - The online gaming business remains robust, driven by a user-centric approach and continuous improvement in game content and experience [1] Group 3 - As part of a previously announced share repurchase plan of up to $150 million, Sohu has repurchased 6.6 million American depositary shares for a total amount of approximately $83 million as of July 31, 2025 [2]

Group 1 - The core financial performance of Sohu for Q2 2025 includes total revenue of $126 million, with a net loss of $20 million, which is a reduction of over 40% compared to the same period in 2024 [2] - Marketing services revenue reached $16 million, while online gaming revenue was $106 million, both aligning with previous expectations [2] - The company has focused on enhancing product synergy and user engagement through diverse activities, which has strengthened brand influence and created more commercialization opportunities [2] Group 2 - As part of a previously announced share repurchase plan of up to $150 million, Sohu has repurchased 6.6 million American depositary shares for approximately $83 million as of July 31, 2025 [3]

Core Insights - Sohu reported total revenue of $126 million for Q2 2025, with a significant reduction in net loss by over 40% compared to the same period last year, reaching $20 million [1][3] Financial Performance - Total revenue for Q2 2025 was $126 million, with marketing services contributing $16 million and online gaming generating $106 million [3] - Non-GAAP net loss attributable to Sohu was $20 million, a decrease from a net loss of $34 million in Q2 2024, indicating a year-over-year improvement of over 40% [3] Business Strategy and Operations - Sohu's media division is focused on optimizing products and enhancing social operations to improve user engagement and interaction on the platform [3] - The company has successfully attracted a large number of users through diverse activities, which has strengthened brand influence and created more commercialization opportunities [3] - The online gaming segment remains robust, driven by a user-centric approach and continuous introduction of high-quality new content [3] Share Repurchase Program - As part of a previously announced share repurchase program with a maximum total amount of $150 million, Sohu has repurchased 6.6 million American depositary shares for approximately $83 million as of July 31, 2025 [3]

Core Viewpoint - Sohu.com Limited reported its second quarter financial results for 2025, highlighting a decline in total revenues and online game revenues, while marketing services revenues showed a slight recovery quarter-over-quarter. The company emphasized its focus on enhancing user engagement and optimizing its product offerings to capture monetization opportunities [2][4][14]. Financial Performance - Total revenues for the second quarter were US$126 million, down 27% year-over-year and 7% quarter-over-quarter [4][14]. - Marketing services revenues were US$16 million, down 21% year-over-year but up 14% quarter-over-quarter [4][14]. - Online game revenues were US$106 million, down 28% year-over-year and 10% quarter-over-quarter [4][14]. - Both GAAP and non-GAAP gross margin stood at 78%, an increase from 67% in the second quarter of 2024 and 76% in the first quarter of 2025 [5][14]. Operating Expenses and Losses - Operating expenses were US$120 million, down 25% year-over-year and 1% quarter-over-quarter [6][14]. - GAAP operating loss was US$22 million, an improvement from a loss of US$44 million in the second quarter of 2024 [7][14]. - Non-GAAP operating loss was also US$22 million, compared to a loss of US$45 million in the same quarter last year [7][14]. Net Income and Tax Expense - GAAP net loss attributable to Sohu.com Limited was US$20 million, compared to a net loss of US$38 million in the second quarter of 2024 [10][14]. - Non-GAAP net loss was also US$20 million, compared to a net loss of US$34 million in the same quarter last year [11][14]. - GAAP income tax expense was US$9 million, consistent with the previous year, while the first quarter of 2025 had a tax benefit of US$189 million due to a reversal of a tax expense [8][9][14]. Liquidity and Capital Resources - As of June 30, 2025, the company had cash and cash equivalents, short-term investments, and long-term time deposits totaling approximately US$1.2 billion [12][14]. Business Outlook - For the third quarter of 2025, Sohu estimates marketing services revenues to be between US$14 million and US$15 million, and online game revenues to be between US$107 million and US$117 million [20][27].

Market Capitalization Summary - New Oriental has a market capitalization of 16.359 billion [2] - TAL Education has a market capitalization of 10.938 billion [2] - Vipshop has a market capitalization of 6.578 billion [2] - Miniso has a market capitalization of 5.578 billion [2] - Zai Lab has a market capitalization of 3.982 billion [2] - Huya has a market capitalization of 0.724 billion [3] Stock Performance - New Oriental's stock increased by 0.77 (+3.89%) [2] - TAL Education's stock decreased by 0.04 (-0.82%) [2] - Vipshop's stock decreased by 0.18 (-1.19%) [2] - Miniso's stock decreased by 0.50 (-2.62%) [2] - Zai Lab's stock decreased by 1.95 (-5.16%) [2] - Huya's stock increased by 0.01 (+0.45%) [3] Additional Company Insights - Financial One Account has a market capitalization of 0.287 billion [3] - Xiaomi has a market capitalization of 0.213 billion [3] - Huami has a market capitalization of 0.175 billion [3] - Tuniu has a market capitalization of 0.120 billion [3]

Market Capitalization Overview - New Oriental has a market capitalization of 15.747 billion [2] - TAL Education (好未来) has a market capitalization of 11.040 billion [2] - Vipshop (唯品会) has a market capitalization of 9.610 billion [2] - Miniso (名创优品) has a market capitalization of 5.940 billion [2] - Zai Lab (再鼎医药) has a market capitalization of 4.200 billion [2] - Huya (虎牙) has a market capitalization of 7.500 billion [2] Stock Performance - New Oriental's stock increased by 0.36 (+8.09%) [2] - TAL Education's stock decreased by 0.27 (-0.60%) [2] - Vipshop's stock increased by 0.56 (+2.49%) [2] - Miniso's stock increased by 0.01 (+0.07%) [2] - Zai Lab's stock decreased by 0.81 (-4.06%) [2] - Huya's stock increased by 0.03 (+0.75%) [2] Additional Company Insights - Financial One Account (金融壹账通) has a market capitalization of 2.91 million [3] - Xunlei (迅雷) has a market capitalization of 4.48 million [3] - Huami Technology (华米科技) has a market capitalization of 1.64 million [3] - Tuniu (途牛) has a market capitalization of 1.21 million [3] - Aiqiyi (爱奇艺) has a market capitalization of 24.11 billion [2]

Market Capitalization Summary - New Oriental has a market capitalization of 15.98 billion [2] - MIN (Ming Chao) has a market capitalization of 10.21 billion [2] - TAL has a market capitalization of 9.38 billion [2] - The market capitalization of various companies includes: - 7.77 billion for Grape Fang [2] - 6.21 billion for Yi Pin Hui [2] - 4.28 billion for Zai [2] - 3.83 billion for Huya [2] Stock Performance - New Oriental's stock increased by 0.28 (+1.45%) [2] - MIN's stock decreased by 0.20 (-4.25%) [2] - TAL's stock decreased by 0.15 (-0.69%) [2] - Grape Fang's stock decreased by 2.39 (-5.11%) [2] - Yi Pin Hui's stock increased by 0.38 (+1.94%) [2] - Zai's stock decreased by 0.10 (-0.93%) [2] Additional Company Insights - The market capitalization of various companies shows a diverse range, with some experiencing significant fluctuations in stock prices [2] - Companies like Huami and Cheetah Mobile have market capitalizations of 1.76 billion and 1.73 billion respectively, with varying stock performance [4] - The overall market trends indicate a mix of gains and losses across different sectors, reflecting the volatility in the market [4]

Market Capitalization Summary - New Oriental has a market capitalization of 15.883 billion [2] - TAL Education has a market capitalization of 10.825 billion [2] - Vipshop has a market capitalization of 9.570 billion [2] - 63.59 billion market capitalization for another unnamed entity [2] - 80.68 billion market capitalization for another unnamed entity [2] - 77.94 billion market capitalization for another unnamed entity [2] Stock Performance - New Oriental's stock decreased by 0.07 (-0.35%) [2] - TAL Education's stock decreased by 0.05 (-1.04%) [2] - Vipshop's stock decreased by 0.10 (-0.42%) [2] - Another unnamed entity's stock increased by 0.03 (+0.19%) [2] - Another unnamed entity's stock increased by 0.35 (+0.74%) [2] - Another unnamed entity's stock increased by 0.17 (+1.71%) [2] Additional Company Insights - 40.30 billion market capitalization for Lufax [2] - 24.79 billion market capitalization for Weibo [2] - 18.00 billion market capitalization for Lexin [2] - 8.84 billion market capitalization for Youdao [2] - 4.68 billion market capitalization for Sohu [2] Emerging Companies - 3.29 billion market capitalization for Xunlei [3] - 2.08 billion market capitalization for Yunmi [3] - 1.68 billion market capitalization for Baozun [3] - 667.168 million market capitalization for PA DOL [3]

Market Capitalization Summary - New Oriental has a market capitalization of 15.943 billion [2] - TAL Education has a market capitalization of 10.927 billion [2] - Vipshop has a market capitalization of 9.612 billion [2] - NIN (Miniso) has a market capitalization of 5.940 billion [2] - JD.com has a market capitalization of 27.23 billion [2] - iQIYI has a market capitalization of 2.548 billion [2] Stock Performance - New Oriental's stock decreased by 0.35 (-1.75%) [2] - TAL Education's stock decreased by 0.10 (-1.93%) [2] - Vipshop's stock decreased by 0.53 (-2.25%) [2] - Miniso's stock increased by 0.64 (+1.36%) [2] - JD.com's stock decreased by 0.54 (-3.42%) [2] - iQIYI's stock decreased by 0.07 (-2.31%) [2] Additional Company Insights - Huami Technology has a market capitalization of 1.97 billion [3] - Cheetah Mobile has a market capitalization of 1.63 billion [3] - Baosheng E-commerce has a market capitalization of 1.84 billion [3] - Tuniu has a market capitalization of 1.34 billion [3] - The stock of Tuniu increased by 0.42 (+4.60%) [3]