Core Insights - Sohu.com Limited reported strong financial performance in Q3 2025, with total revenues reaching US$180 million, a 19% increase year-over-year and a 43% increase quarter-over-quarter [3][13]. - The company achieved positive net income of US$9 million, compared to a net loss of US$16 million in Q3 2024 and a net loss of US$20 million in Q2 2025 [9][10]. - Online game revenues significantly contributed to the overall growth, totaling US$162 million, which is a 27% increase year-over-year and a 53% increase quarter-over-quarter [4][13]. Financial Performance - Total revenues for Q3 2025 were US$180 million, up 19% from the previous year and 43% from the previous quarter [3][13]. - Marketing services revenues decreased to US$14 million, down 27% year-over-year and 13% quarter-over-quarter [3][4]. - Online game revenues were US$162 million, reflecting a 27% year-over-year increase and a 53% quarter-over-quarter increase, driven by the launch of the new PC game Tian Long Ba Bu: Return [4][13]. Profitability Metrics - Both GAAP and non-GAAP gross margins were reported at 81%, an improvement from 74% in Q3 2024 and 78% in Q2 2025 [5][33]. - Operating profit for Q3 2025 was US$14 million, compared to an operating loss of US$13 million in Q3 2024 and an operating loss of US$22 million in Q2 2025 [7][18]. - The company reported a GAAP net income of US$9 million, or US$0.32 per fully-diluted ADS, compared to a net loss of US$16 million in the same quarter last year [9][10]. User Engagement and Game Performance - For PC games, average monthly active user accounts (MAU) increased by 24% year-over-year to 2.7 million, while active paying accounts (APA) rose by 27% to 1.1 million [12]. - Mobile games experienced a decline, with MAU decreasing by 42% year-over-year to 1.9 million and APA down by 72% to 0.3 million [14]. Liquidity and Capital Resources - As of September 30, 2025, Sohu had cash and cash equivalents, short-term investments, and long-term time deposits totaling approximately US$1.2 billion [11]. Share Repurchase Program - The company has repurchased 7.6 million ADSs for an aggregate cost of approximately US$97 million under its share repurchase program of up to US$150 million [19]. Business Outlook - For Q4 2025, Sohu estimates marketing services revenues to be between US$15 million and US$16 million, indicating an annual decrease of 15% to 20% [26]. - Online game revenues are expected to be between US$113 million and US$123 million, reflecting an annual increase of 3% to 12% [26].

Core Viewpoint - Sohu.com Limited, a prominent Chinese online media platform and gaming business group, is set to announce its third quarter 2025 unaudited financial results on November 17, 2025, before U.S. market hours [1]. Company Overview - Sohu.com Limited was founded by Dr. Charles Zhang in the 1990s and operates one of the leading online media platforms in China, alongside its online games business [4]. - The company has developed a comprehensive array of Chinese language web properties, including the Sohu News App, Sohu Video App, and the online games platform Changyou [4]. - Sohu serves millions of users by providing a wide range of content, including news, information, and live broadcasting, while also fostering user engagement through content generation and distribution [5]. Conference Call Details - The management team will host a conference call on November 17, 2025, at 7:30 a.m. U.S. Eastern Time, following the financial results announcement [2]. - Participants can preregister for the conference call to receive dial-in numbers and a unique access PIN [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].

Company Overview - Sohu.com Limited (NASDAQ: SOHU) is a leading Chinese online media platform and game business group, established by Dr. Charles Zhang in the 1990s [3] - The company operates a comprehensive matrix of Chinese language web properties, including Sohu News App, Sohu Video App, mobile portal m.sohu.com, PC portal www.sohu.com, and online games platform www.changyou.com/en/ [3] Business Operations - Sohu provides a vast array of content such as news, information, text, pictures, videos, and live broadcasting, making it indispensable to the daily life of millions of Chinese users [4] - The online games business is conducted through its subsidiary Changyou, which develops and operates a diverse portfolio of PC and mobile games, including the well-known Tian Long Ba Bu ("TLBB") [4] Financial Reporting - Sohu will report its second quarter 2025 unaudited financial results on August 4, 2025, 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]

Core Viewpoint - Sohu.com Limited reported strong financial results for the first quarter of 2025, with marketing services and online game revenues exceeding expectations, while also benefiting from a significant tax reversal that contributed to a net income of $182 million [2][3][11]. Financial Performance - Total revenues for Q1 2025 were $136 million, a decrease of 3% year-over-year but an increase of 1% quarter-over-quarter [5]. - Marketing services revenues were $14 million, down 15% year-over-year and 27% quarter-over-quarter [5]. - Online game revenues were $117 million, flat year-over-year and up 7% quarter-over-quarter [5]. - Both GAAP and non-GAAP gross margins were 76%, compared to 77% in Q1 2024 and 73% in Q4 2024 [6]. - GAAP operating expenses were $122 million, down 9% year-over-year and 1% quarter-over-quarter [7]. - GAAP net income attributable to Sohu.com Limited was $182 million, or $6.07 per fully-diluted ADS, compared to a net loss of $25 million in Q1 2024 [11]. Tax Reversal Impact - The company fully reversed a tax expense of approximately $199 million related to a one-time transition tax, resulting in a significant income tax benefit for Q1 2025 [3][9]. Non-GAAP Financial Measures - Non-GAAP net loss attributable to Sohu.com Limited was $16 million, or a net loss of $0.55 per fully-diluted ADS, compared to a net loss of $22 million in Q1 2024 [12]. - Non-GAAP results exclude share-based compensation and the income tax benefit related to the Toll Charge [4][21]. Liquidity and Capital Resources - As of March 31, 2025, the company had cash and cash equivalents, short-term investments, and long-term time deposits totaling approximately $1.2 billion [13]. Business Outlook - For Q2 2025, Sohu estimates marketing services revenues between $16 million and $17 million, indicating an annual decrease of 14% to 19% [27]. - Online game revenues are expected to be between $96 million and $106 million, reflecting an annual decrease of 28% to 35% [27].

Company Overview - Sohu.com Limited (NASDAQ: SOHU) is a leading Chinese online media platform and game business group, established by Dr. Charles Zhang in the 1990s [3] - The company operates a comprehensive matrix of Chinese language web properties, including Sohu News App, Sohu Video App, mobile portal m.sohu.com, PC portal www.sohu.com, and online games platform www.changyou.com/en/ [3] Business Operations - Sohu provides a vast array of content such as news, information, text, pictures, videos, and live broadcasting, making it indispensable to the daily life of millions of Chinese users [4] - The online game business is conducted through its subsidiary Changyou, which develops and operates a diverse portfolio of PC and mobile games, including the well-known Tian Long Ba Bu ("TLBB") [4] Financial Reporting - Sohu will report its first quarter 2025 unaudited financial results on May 19, 2025, 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]