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Sohu.com Limited (NASDAQ: SOHU) is one of China's premier online brands, indispensable to the daily lives of millions of Chinese people. Founded by Dr. Charles Zhang in the 1990s, Sohu operates a network of comprehensive Chinese language web properties and proprietary search engines. The company is divided into two main segments: Sohu Media and Changyou.
Sohu Media offers a range of online services, including news, video streaming, and community-based products. Their flagship platforms include the Sohu News App, mobile news portal m.sohu.com, PC portal www.sohu.com, and the online video website tv.sohu.com. Sohu Media focuses on enhancing user experience through continuous product refinements and advanced live broadcasting technology. This segment generates revenue primarily through online brand advertising services.
Changyou, a subsidiary of Sohu, specializes in online games for PCs and mobile devices. It develops and operates a diverse portfolio of games, such as massively multiplayer online role-playing games (MMORPGs), casual games, and strategy games. Notable titles include Tian Long Ba Bu (TLBB) and Legacy TLBB Mobile. Changyou also manages the 17173.com website, which provides news, forums, and video content for game players. The segment accounts for the majority of Sohu's revenues, driven by online game distribution services.
In recent financial reports, Sohu has demonstrated stability and strategic growth. The company reported total revenues of $152 million for the second quarter of 2023, with a gross margin of 76%. Although the brand advertising revenues were $24 million, this was offset by a decrease in online game revenues to $118 million due to the natural decline of older games. Operating expenses were closely managed, and the company maintains a strong liquidity position with $1.4 billion in cash and equivalents as of June 30, 2023.
Sohu continues to explore new monetization opportunities by leveraging its premium content and unique competitive advantages. With an ongoing commitment to innovation and user engagement, Sohu aims to remain a leader in China's online media and gaming sectors.
Sohu.com Limited (NASDAQ: SOHU), a leading online media and game business in China, is set to release its fourth quarter and fiscal year 2021 unaudited financial results on February 22, 2022, prior to U.S. market hours. A conference call will follow at 7:30 a.m. ET on the same day, where management will discuss the results. Participants must preregister online to obtain dial-in details. A replay of this call will be available from 10:30 a.m. ET on February 22 through March 1, 2022.
Sohu.com Limited (NASDAQ: SOHU) reported Q3 2021 earnings, revealing total revenues of US$216 million, a 37% year-over-year increase. Online game revenues surged 65% year-over-year to US$167 million, while brand advertising revenues dropped 18% to US$34 million. The company achieved a GAAP net income of US$12 million, significantly up from a net loss of US$15 million a year ago. For Q4 2021, Sohu expects brand advertising revenues between US$28 million and US$31 million and online game revenues of US$140 million to US$150 million.
Sohu.com Limited (NASDAQ: SOHU) will announce its third quarter 2021 financial results on November 15, 2021, before U.S. market hours. The company will also conduct a conference call at 7:30 a.m. Eastern Time on the same day. Due to COVID-19, preregistration is required for participants. A replay of the call will be available until November 22, 2021. Sohu is a major online media, video, and gaming entity in China, offering brand advertising services and operating popular gaming titles.
Sohu.com Limited (NASDAQ: SOHU) announced the completion of its sale of Sogou Inc. shares to Tencent Holdings Limited on September 23, 2021. Under the Share Purchase Agreement, Sohu received approximately $1.18 billion in cash for Sogou's Class A and Class B ordinary shares at a price of $9.00 per share. Following this transaction, Sogou has become a privately held entity fully owned by Tencent, concluding a series of agreements leading to this merger.
Sohu.com Limited (NASDAQ: SOHU) reported second-quarter 2021 revenues of US$204 million, a 28% increase year-over-year but an 8% decrease quarter-over-quarter. Brand advertising revenues were US$37 million (3% down YoY, 20% up QoQ), while online game revenues reached US$151 million (43% up YoY, 14% down QoQ). GAAP net income from continuing operations was US$22 million, up from US$11 million YoY but down from US$32 million QoQ. The company anticipates Q3 revenues for brand advertising between US$35M and US$39M and online game revenues between US$145M and US$155M.
Sohu.com Limited (NASDAQ: SOHU) will announce its second quarter 2021 unaudited financial results on August 9, 2021, before U.S. market hours. Following the announcement, a conference call will take place at 7:30 a.m. ET on the same day. Due to COVID-19, operator-assisted calls are unavailable; participants must preregister online to access the call. Sohu is a key player in China's online media, gaming, and search sectors, providing a range of services including online brand advertising and mobile applications.
Sohu.com Limited (NASDAQ: SOHU) reported Q1 2021 financial results with revenues of US$222 million, a 24% year-over-year increase but a 12% quarter-over-quarter decline. The company's GAAP net income stood at US$32 million compared to a loss of US$10 million in Q1 2020. Non-GAAP net income was US$37 million, exceeding guidance due to strong online game performance and tight budget control. Looking ahead, Sohu forecasts Q2 brand advertising revenues between US$36 million and US$40 million and online game revenues between US$134 million and US$144 million.
Sohu.com Limited (NASDAQ: SOHU), a leading online media and gaming group in China, will announce its unaudited financial results for Q1 2021 on May 14, 2021, before U.S. market hours. The management team will conduct a conference call at 7:30 a.m. ET on the same day, where participants must preregister online due to COVID-19 restrictions. Sohu, operating since 1996, offers a diverse range of online services including media, video, and gaming, and is a pioneer in China's internet landscape. The results and call details can be accessed on Sohu's Investor Relations website.
Sohu.com Limited (NASDAQ: SOHU), a leading online media and gaming enterprise in China, has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC. The report, detailing audited consolidated financial statements, is accessible on the company's investor relations site and can be requested in hard copy by shareholders. Celebrating 25 years, Sohu operates an extensive network of web properties, including gaming and search platforms, and has established itself as a vital part of daily life for millions in China.
Sohu.com Limited (NASDAQ: SOHU) reported strong financial results for Q4 and FY 2020. Total revenues increased by 34% YoY to $253 million in Q4, driven by a 49% rise in online game revenues. The company achieved a net income of $47 million, reversing losses from the previous year. For FY 2020, total revenues rose by 11% to $750 million, with online games contributing $537 million. The outlook for Q1 2021 anticipates brand advertising revenues between $27-32 million and online game revenues between $137-147 million, reflecting ongoing pandemic uncertainties.
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