搜狐2025年财报：全年收入微降，四季度营销收入超预期

Financial Performance - In Q4 2025, Sohu reported total revenue of $142 million, a 6% increase compared to Q4 2024 [1] - Marketing services revenue was $17 million, while online gaming revenue reached $120 million [1] - For the full year 2025, total revenue was $584 million, a 2% decline from 2024 [1] - The company reported a non-GAAP loss of $51 million for the year, which represents a nearly 40% reduction in losses year-over-year [1] Management Commentary - Chairman Zhang Chaoyang indicated that marketing revenue exceeded expectations, while gaming revenue met forecasts [1] - He emphasized the importance of product optimization and long-term operations to enhance user experience [1] Stock Performance - Sohu's stock price exhibited volatility over a recent 7-day period, peaking at $17.21 on February 10, with a single-day increase of 4.05% [2] - The stock closed at $15.89 on February 12, reflecting a single-day decrease of 3.11% [2] - As of February 13, the stock price was $16.10, showing a 1.32% increase from the previous day, with a cumulative decline of 1.59% over the past five days [2] - The trading volume during this period was 248,600 shares, with a total transaction value of $4.05 million and a price fluctuation of 12.71% [2] Share Buyback - The company has repurchased 8.1 million American Depositary Shares, totaling approximately $106 million [1]