Company Overview - Sohu.com Limited (NASDAQ: SOHU) is a leading Chinese online media, video, and game business group, established in the 1990s by Dr. Charles Zhang, a pioneer in China's internet industry [3][4] - The company operates a comprehensive matrix of Chinese language web properties, including Sohu News App, Sohu Video App, and the online games platform Changyou [3][4] Financial Results Announcement - Sohu will report its third quarter 2024 unaudited financial results on November 12, 2024, before U.S. market hours [1] - A conference call hosted by Sohu's management team will take place on the same day at 7:30 a.m. U.S. Eastern Time [1] Conference Call Details - Participants can preregister for the conference call through a designated registration website, receiving dial-in numbers and a unique access PIN [2] - The live webcast and archive of the conference call will be available on Sohu's Investor Relations section of its website [2]

Company Overview - Sohu Corporation operates in the digital entertainment sector, providing online media, gaming, and search products and services across PCs and mobile devices in China [2] - The company operates through its Sohu and Changyou segments, with the Changyou segment being the major revenue contributor [2] Financial Performance - Sohu reported a revenue of $172 million, with a net loss of $37.66 million, resulting in an earnings per share (EPS) of -$1.16 [1] - The gross profit for the company was $116 million, and it had a price-to-earnings (P/E) ratio of -6.02 [1] Stock Performance - Shares of Sohu experienced significant volatility, rising by 5% to a current price of $16.27 per share, with a trading volume of 353,426 shares and a turnover rate of 1.07% [1] - The price amplitude for Sohu's stock was 4.84% [1] Industry Context - The overall increase in the digital entertainment sector was 2.48%, with notable gains from related stocks such as Blue Hat Interactive, Bilibili, and NetEase [2] - Active stocks in the sector included Bilibili, Motorsport Games Inc., and Blue Hat Interactive, with turnover rates of 7.48%, 3.22%, and 2.39% respectively [2] - Significant price amplitude in the sector was observed in Blue Hat Interactive, Trugolf Holdings, Inc., and Bilibili, with fluctuations of 26.99%, 14.95%, and 12.50% respectively [2] Institutional Ratings - Institutional ratings for Sohu were optimistic, with all participating institutions giving a buy recommendation and none suggesting a hold or sell [1]

Core Viewpoint - Sohu is experiencing some signs of improvement in its mobile gaming segment, but it continues to struggle with profitability, particularly in its brand advertising business [2][3][6]. Financial Performance - In Q2, Sohu reported total revenue of $172 million, a 13% increase year-over-year, with the online gaming segment generating $147 million, up 24% from the previous year [3]. - Despite revenue growth, Sohu recorded a non-GAAP net loss of $34 million, which is a 61.9% increase in net loss compared to the previous year [3]. - The increase in net loss was attributed to a $19 million rise in the cost of revenue and a $22 million increase in operating costs, primarily due to marketing and development expenses from subsidiary Changyou [3]. User Growth and Projections - The number of monthly active users (MAU) for mobile games surged by 273% year-over-year to 4.9 million, largely driven by updates to the Westward Journey game [4]. - However, Sohu anticipates a decline in online game revenue to $104-$114 million in Q3, representing a 22-29% decrease compared to Q2, mainly due to a natural decline in users for the Westward Journey game [4][7]. Brand Advertising Segment - Sohu's brand advertising segment has been unprofitable for years, with revenues decreasing by 46.79% over the past five years, leading to significant cash burn [6]. - The company expects brand advertising revenue to fall to $17-$19 million in Q3, a 14-23% decline year-over-year, attributed to macroeconomic factors and loss of market share [7]. Cash Position and Investments - Sohu has maintained a strong balance sheet with no net debt and approximately $1 billion in cash following the sale of Sogou to Tencent [8]. - The company plans to allocate $150 million for a share repurchase program over two years, despite ongoing losses [8]. Competitive Landscape - Among Sohu's competitors, only two out of six companies are currently profitable, with Sohu having the largest R&D expenditures in its peer group [9][10]. - Sohu's gross margin stands at 73.69%, placing it in the middle compared to its competitors [11]. Valuation Metrics - Sohu's current Price/Sales (P/S) ratio is 0.84, indicating a 9.09% overvaluation, while the Price/Book (P/B) ratio suggests a 73.91% discount, with a fair share price estimated at $20.02 [13][14].

Exhibit 99.1 SOHU.COM REPORTS FIRST QUARTER 2024 UNAUDITED FINANCIAL RESULTS BEIJING, May 20, 2024 –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 Highlights • Total 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% quart ...

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 ...

Core Viewpoint - Sohu.com Limited reported a decline in total revenues and an increase in net loss for the first quarter of 2024, indicating challenges in brand advertising while online game revenues showed slight improvement [2][3][4]. Financial Performance - Total revenues for Q1 2024 were US$139 million, down 14% year-over-year and 1% quarter-over-quarter [2][4]. - Brand advertising revenues were US$16 million, a decrease of 29% year-over-year and 20% quarter-over-quarter [2][4]. - Online game revenues reached US$118 million, down 9% year-over-year but up 3% quarter-over-quarter [2][4]. - GAAP net loss attributable to Sohu.com Limited was US$25 million, compared to a net loss of US$18 million in Q1 2023 and US$13 million in Q4 2023 [2][7]. - Non-GAAP net loss was US$22 million, compared to a net loss of US$13 million in Q1 2023 and US$11 million in Q4 2023 [2][7]. Operating Metrics - GAAP operating loss was US$27 million, compared to an operating loss of US$18 million in Q1 2023 and US$25 million in Q4 2023 [5]. - Both GAAP and non-GAAP gross margin were 77%, an improvement from 75% in Q1 2023 and 76% in Q4 2023 [4]. - Operating expenses were US$134 million, down 4% year-over-year and up 1% quarter-over-quarter [4]. User Engagement - For PC games, average monthly active user accounts were 2.3 million, a 5% increase year-over-year but a 1% decrease quarter-over-quarter [8]. - Mobile games saw average monthly active users increase to 2.8 million, a 71% rise year-over-year and 63% quarter-over-quarter, driven by the launch of "Haikyu!!FLY HIGH" in Japan and South Korea [8]. Business Outlook - For Q2 2024, Sohu estimates brand advertising revenues between US$18 million and US$20 million, indicating a year-over-year decrease of 16% to 25% [12]. - Online game revenues are expected to be between US$133 million and US$143 million, suggesting a year-over-year increase of 12% to 21% [12]. - Non-GAAP net loss is projected to be between US$27 million and US$37 million, while GAAP net loss is expected to be between US$30 million and US$40 million [12]. Recent Developments - As of May 16, 2024, Sohu had repurchased 1,726,718 ADSs for approximately US$17 million under its share repurchase program [11].