Core Insights - Sohu reported a total revenue of $126 million for Q2 2025, with a net loss narrowing by over 40% year-on-year [1][3] Financial Performance - Total revenue for Q2 2025 was $126 million, with marketing services revenue at $16 million and online gaming revenue at $106 million [3] - Non-GAAP net loss attributable to Sohu was $20 million, compared to a net loss of $34 million in Q2 2024, indicating a significant improvement [3] - The company expects Q3 2025 marketing services revenue to be between $14 million and $15 million, a decline of 20% to 25% year-on-year, and a decrease of 4% to 10% from Q2 2025 [3] - Online gaming revenue is projected to be between $107 million and $117 million, down 8% to 16% year-on-year, but up 1% to 10% from Q2 2025 [3] - Both GAAP and non-GAAP net losses for Q3 2025 are expected to be between $25 million and $35 million [3] Management Commentary - Sohu's founder and CEO, Zhang Chaoyang, stated that the marketing services revenue met expectations, and both online gaming revenue and net loss were in line with the best forecasts [3] - The company attributes its performance to a focus on user needs, continuous introduction of quality new content, and ongoing optimization of gaming experiences [3] Stock Buyback Program - As part of a previously announced stock buyback program with a total amount of up to $150 million, Sohu repurchased 6.6 million American depositary shares for approximately $83 million as of July 31, 2025 [4]

Core Viewpoint - The article discusses the implementation of a "certification and branding" initiative for internet news information services by the National Internet Information Office, aimed at enhancing the credibility and regulatory compliance of online news platforms [2]. Group 1: Certification and Branding Initiative - The National Internet Information Office has advanced the "certification and branding" project for internet news services, focusing on improving the approval efficiency of local internet offices [2]. - A total of 13,516 public accounts have been marked with a red "V" symbol, indicating their certified status, along with the disclosure of service entity names, license numbers, and service categories [2]. - The initiative aims to cover various content formats, including text, audio, live broadcasts, and short videos, by 2025 [2]. Group 2: Future Plans and Regulations - Future steps include institutionalizing and dynamically advancing the certification process, as well as developing policies to support the traffic and influence of red "V" accounts [2]. - The National Internet Information Office plans to intensify efforts against the dissemination of false news, impersonation of news media, and the illegal transfer of internet news service licenses [2]. - The goal is to create a clearer and more regulated online environment, combating illegal activities disguised as public opinion supervision [2].

Core Viewpoint - Reddit's Q2 performance significantly exceeded market expectations, showcasing strong revenue growth and profitability improvements [1][2] Financial Performance - Q2 revenue reached $500 million, a 78% year-over-year increase, surpassing the expected $426 million [2] - Earnings per share (EPS) stood at $0.45, more than double the forecast [2] - Net profit turned around from a $10 million loss in the same quarter last year to a profit of $89 million [1][2] Core Business Progress - Global daily active users (DAUs) increased by 21% to 110.4 million, exceeding analyst expectations [3][5] - Average revenue per user (ARPU) reached $4.53, significantly above the expected $3.90 [6] - The weekly active users of the AI search tool "Reddit Answers" surged to 6 million, a sixfold increase from the previous quarter [3] Development Strategy - Q3 revenue guidance is set between $535 million and $545 million, exceeding expectations by approximately 15% [4][7] - The U.S. market contributed $409 million to revenue, far exceeding the anticipated $335 million, while international markets contributed $91 million [4] - The company is shifting focus away from user economy projects, previously outlined in its IPO prospectus, to concentrate on core needs [4][8] Growth and Monetization - The dual drivers of growth and monetization are evident, with a robust expansion of the user base and significant improvements in monetization efficiency [5][6] - The number of "logged-out" daily active users reached 61.1 million, a 24% increase, indicating potential for future conversion [6][7] Strategic Shift - The company is embracing AI and data monetization, with a clear focus on integrating AI tools into its core offerings [8] - Management has deprioritized several initiatives, including the "user economy" projects, opting for a more pragmatic approach focused on proven advertising and data monetization strategies [8]

Financial Performance & Challenges - Spotify experienced a loss in earnings per share due to higher than anticipated payroll taxes related to stock market success [1][2] - The weak dollar is impacting Spotify, and the third quarter forecast is not promising [5] User Growth & Engagement - Spotify continues to add subscribers and users every quarter [2] - Spotify is trying to increase user engagement by encouraging more time spent on the platform through video, audiobooks, and tiered subscriptions [9] - Developing markets are a key area for audience and growth [9] Strategic Initiatives & Shifts - Spotify is rethinking its advertising approach after previous efforts did not pan out, leading to the head of advertising stepping down [3] - Spotify is making a concentrated push into video, viewing it as an exciting but not necessary opportunity [4] - Spotify has pivoted to video podcasts and is recruiting video creators, shifting focus away from audio podcasts [8] Market Reaction & Investor Sentiment - The stock is down almost 11%, marking the biggest intraday drop since early April and potentially the biggest drop since June 2023, indicating a strong negative reaction [7] - Spotify is positioning itself as bullish in the long term, despite short-term issues [6]

Core Viewpoint - A class action securities lawsuit has been filed against Reddit, Inc. alleging securities fraud that negatively impacted investors between October 29, 2024, and May 20, 2025 [1][2]. Group 1: Lawsuit Details - The complaint claims that the defendants made false statements regarding the impact of changes in Google Search's algorithm, which led to a significant reduction in traffic to Reddit [2]. - It is alleged that the defendants were aware that users were finding answers directly on Google Search, leading to a decrease in visits to Reddit, contrary to their public statements about user engagement and advertising revenue [2]. - The lawsuit asserts that the defendants lacked a reasonable basis for their outlook on user rates and advertising revenues, rendering their public statements materially false and misleading [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until August 18, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate in the lawsuit [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, highlighting its expertise in complex securities litigation [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Reddit, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose material information that negatively impacted the company's stock performance [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from October 29, 2024, to May 20, 2025 [3]. - Allegations include that Reddit's management failed to disclose significant changes in Google Search's algorithm that led to decreased traffic to Reddit, which was not previously experienced [3]. - It is claimed that the increase in search queries for "Reddit" was misleading, as users were finding answers directly on Google without visiting Reddit [3]. - The lawsuit asserts that these factors resulted in a lack of reasonable basis for the company's outlook on user rates and advertising revenues, rendering public statements materially false and misleading [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by August 18, 2025, to participate in potential recovery [4]. - Upon registration, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [4]. Law Firm's Commitment - The Gross Law Firm emphasizes its mission to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Reddit, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the lawsuit is from October 29, 2024, to May 20, 2025, and the lead plaintiff deadline is August 18, 2025 [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must act by the lead plaintiff deadline to represent other class members [2]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [3]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [3]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [3]. Group 3: Case Allegations - The lawsuit alleges that defendants made false and misleading statements regarding the impact of Google Search algorithm changes on Reddit's traffic and advertising revenues [4]. - Key points include that users were obtaining answers directly from Google Search, leading to reduced traffic to Reddit, and that the defendants were aware of this situation [4]. - The lawsuit claims that when the true details were revealed, investors suffered damages due to the misleading information provided by the defendants [4].

Core Insights - The article emphasizes the transformative impact of AI Agents on marketing effectiveness and the media ecosystem, shifting the focus from efficiency to penetrating consumer mindsets [1] - The upcoming 2025 Media Mechanics Forum in Shanghai aims to address the challenges and opportunities presented by AI Agents in marketing [1] Highlights - **Release of Three Key Reports**: The forum will unveil three authoritative reports analyzing how AI Agents reshape media value, covering television, outdoor advertising, and digital media [1] - **Television Media**: Insights into user viewing habits, advertising distribution, and core application scenarios [1] - **Outdoor Advertising**: Examination of the transition from static to digital, interactive formats and the performance of various outdoor advertising scenarios [1] - **Digital Media**: Analysis of the changes in media ecology driven by new technologies and the redefinition of digital media value [1] - **AI Agents Reshaping Marketing**: The forum will explore how AI Agents can unlock new growth paradigms by enhancing the entire marketing chain [2] - Focus on achieving precise user engagement and creating emotionally resonant content through human-machine collaboration [2] - Discussion on leveraging real-time data monitoring to shift user perception from passive acceptance to active endorsement [2] - **Industry Experts Gathering**: The event will bring together professionals from various sectors to share insights on leveraging generative AI for business growth and consumer engagement [3] - **Announcement of New Brands**: The forum will reveal the "2025 BrandGrow Rising Brand List," highlighting the top 100 brands with growth potential based on objective data [5]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Reddit, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose material information that negatively impacted the company's stock performance [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from October 29, 2024, to May 20, 2025 [3]. - Allegations include that Reddit's management made materially false and misleading statements about user engagement and advertising revenues, particularly in relation to changes in Google Search's algorithm that led to reduced traffic to Reddit [3]. Impact of Google Search Changes - The complaint states that changes in Google Search's algorithm, including features like AI Overview, caused users to stop their queries on Google Search, which was not previously experienced [3]. - It is alleged that the increase in the search term "Reddit" was due to users finding answers directly on Google, rather than intending to visit Reddit, leading to a significant drop in traffic that the company could not mitigate in the short term [3]. Shareholder Actions and Deadlines - Shareholders are encouraged to register for the class action by August 18, 2025, to potentially be appointed as lead plaintiffs [4]. - Once registered, shareholders will receive updates on the case's progress through a portfolio monitoring software [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements [5].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Reddit, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose material information that negatively impacted the company's stock value during a specified period [1][2]. Group 1: Allegations and Class Period - The class period for the allegations is from October 29, 2024, to May 20, 2025 [2]. - Allegations include that changes in Google Search's algorithm led to a significant decrease in traffic to Reddit, as users were able to find answers directly on Google without visiting Reddit [2]. - The complaint asserts that the defendants were aware of the zero-click search phenomenon but failed to disclose its impact on user engagement and advertising revenues, leading to materially false and misleading public statements [2]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares of RDDT during the class period are encouraged to register for the class action by August 18, 2025, to potentially become lead plaintiffs [3]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [3]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices [4]. - The firm seeks recovery for investors who suffered losses due to false or misleading statements that inflated the company's stock value [4].