2 weeks ago - zacks.com

Sohu.com (SOHU) reported earnings 30 days ago. What's next for the stock?

1 month ago - https://www.benzinga.com

Net Income On a GAAP basis, the company incurred a net loss of $25 million or a loss of 76 cents per American Depository Share compared with a net loss of $17.9 million or a loss of 53 cents per ADS in the prior-year quarter. Top-line contraction primarily led to the year-over-year wider loss during the quarter. Non-GAAP net loss was $21.6 million or a loss of 65 cents per ADS compared with a net loss of $12.6 million or a loss of 37 cents per ADS in the year-ago quarter. Non-GAAP net loss for the reported quarter was wider than the Zacks Consensus Estimate of a loss of 22 cents. Revenues Revenues in the reported quarter declined to $139.4 million from $161.8 million a year ago. The decrease in net sales in all the major business verticals impeded the top line during the quarter. Brand Advertising revenues declined 29% year over year to $16.1 million, while revenues from Online Games totaled $117.8 million, down 9% year over year. A decline in portal, video and real estate advertising revenues and growing competition in the online video market led to the downside. Other revenues totaled $5.5 million, down from $9.8 million in the year-ago quarter. For PC games, the total average monthly active user accounts (MAU) were 2.3 million, up 5% year over year. Total quarterly aggregate active paying accounts were 0.9 million, up 1%. For mobile games, the total average MAU was 2.8 million, up 71% year over year led by significant traction from Haikyu!!FLY HIGH launched in the quarter in Japan and South Korea. Total quarterly APA remained flat at 0.3 million. Other Details Quarterly GAAP gross profit was $106.7 million compared with the year-ago quarter's tally of $121.4 million, with a respective gross margin of 76.5% and 75%. Non-GAAP gross margin for the Brand Advertising business decreased to 1% from 17% in the prior-year quarter, while that for Online Games was 88%, up from 85% in the year-ago quarter. Non-GAAP operating expenses were $132.8 million, down 4% year over year. Liquidity As of Mar 31, 2024, the company had $318.7 million in cash and cash equivalents with $481.6 million of long-term tax liabilities. Outlook For the second quarter of 2024, Brand Advertising revenues are estimated to be in the range of $18-$20 million, which indicates a decrease of 16% to 25% year over year. Online Games revenues are estimated in the band of $133-$143 million, which indicates an increase of 12% to 21% year over year. Sohu's non-GAAP net loss is likely to be between $27 million and $37 million. GAAP net loss is projected between $30 million and $40 million. Zacks Rank CommScope currently carries a Zacks Rank #3 (Hold). Upcoming Releases To read this article on Zacks.com click here.

1 month ago - seekingalpha.com

Sohu.com Limited (NASDAQ:SOHU ) Q1 2024 Results Conference Call May 20, 2024 7:30 AM ET Company Participants Huang Pu - IR Director Charles Zhang - Chairman, CEO Joanna Lv - CFO Dewen Chen - Changyou CEO Conference Call Participants Thomas Chong - Jefferies Alicia Yap - Citi Operator Ladies and gentlemen, thank you for standing by, and good evening. Thank you for joining Sohu's First Quarter 2024 Earnings Conference Call.

1 month ago - prnewswire.com

BEIJING, May 20, 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 first quarter ended March 31, 2024. First  Q uarter Highlights Total revenues were US$139 million, down 14% year-over-year and 1% quarter-over-quarter.

2 months ago - prnewswire.com

BEIJING , May 6, 2024 /PRNewswire/ -- Sohu.com Limited (NASDAQ: SOHU), a leading Chinese online media, video and game business group, will report its first quarter 2024 unaudited financial results on Monday, May 20, 2024, before U.S. market hours. Sohu's management team will host a conference call on the same day at 7:30 a.m.

3 months ago - zacks.com

Sohu.com (SOHU) reported earnings 30 days ago. What's next for the stock?

3 months ago - prnewswire.com

BEIJING , March 18, 2024 /PRNewswire/ -- Sohu.com Limited (NASDAQ: SOHU) ("Sohu" or the "Company"), a leading Chinese online media, video, and game business group, announced that the Company today filed with the Securities and Exchange Commission its Annual Report on Form 20-F for the fiscal year ended December 31, 2023. The Annual Report is available on the Company's investor relations website at http://investors.sohu.com.

4 months ago - zacks.com

Stiff competition, sluggish brand advertising business and imposition of strict government regulations on social networking activities in China hurt SOHU???s revenue growth in the fourth quarter.

4 months ago - seekingalpha.com

Sohu.com Limited (NASDAQ:SOHU ) Q4 2023 Earnings Conference Call March 4, 2024 7:30 AM ET Company Participants Huang Pu - Investor Relations Director Charles Zhang - Chairman & Chief Executive Officer Joanna Lv - Chief Financial Officer Conference Call Participants Thomas Chong - Jefferies Alicia Yap - Citigroup Operator Ladies and gentlemen, thank you for standing by, and good evening. Thank you for joining Sohu's Fourth Quarter 2023 Earnings Conference Call.

4 months ago - zacks.com

Sohu.com (SOHU) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.40. This compares to loss of $0.06 per share a year ago.

4 months ago - prnewswire.com

BEIJING , March 4, 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 fourth quarter and fiscal year ended December 31, 2023. Fourth  Q uarter Highlights [1] Total revenues were US$141 million, down 12% year-over-year and 3% quarter-over-quarter.

4 months ago - prnewswire.com

BEIJING , Feb. 20, 2024 /PRNewswire/ -- Sohu.com Limited (NASDAQ: SOHU), a leading Chinese online media, video and game business group, will report its fourth quarter and fiscal year 2023 unaudited financial results on Monday, March 4, 2024, before U.S. market hours. Sohu's management team will host a conference call on the same day at 7:30 a.m.

6 months ago - zacks.com

Sohu.com (SOHU) reported earnings 30 days ago. What's next for the stock?

7 months ago - zacks.com

Sohu.com (SOHU) reports a top-line decline year over year, owing to net sales decline across all verticals. However, growth in the average monthly active user accounts for PC games is a tailwind.

7 months ago - seekingalpha.com

Sohu.com Limited (NASDAQ:SOHU ) Q3 2023 Earnings Call Transcript November 13, 2023 7:30 AM ET Company Participants Huang Pu - Investor Relations Director Charles Zhang - Chairman and Chief Executive Officer Joanna Lv - Chief Financial Officer Conference Call Participants Thomas Chong - Jefferies Alicia Yap - Citigroup Operator Ladies and gentlemen, thank you for standing by, and good evening. Thank you for joining Sohu's Third Quarter 2023 Earnings Conference Call.

7 months ago - zacks.com

Sohu.com (SOHU) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.59. This compares to loss of $0.50 per share a year ago.

7 months ago - prnewswire.com

BEIJING , Nov. 13, 2023 /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 third quarter ended September 30, 2023. Third  Q uarter Highlights [1] Total revenues were US$145 million, down 22% year-over-year and 4% quarter-over-quarter.

8 months ago - zacks.com

Sohu.com (SOHU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

8 months ago - prnewswire.com

BEIJING, Oct. 30, 2023 /PRNewswire/ -- Sohu.com Limited (NASDAQ: SOHU), a leading Chinese online media, video and game business group, will report its third quarter 2023 unaudited financial results on Monday, November 13, 2023, before U.S. market hours. Sohu's management team will host a conference call on the same day at 7:30 a.m.

8 months ago - zacks.com

The heavy selling pressure might have exhausted for Sohu.com (SOHU) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

8 months ago - seekingalpha.com

Sohu.com is facing weakening fundamentals due to a sluggish economy and a declining user base in its core game TLBB. The company has a massive cash balance and no debt, which is likely to help them through the current crisis. Sohu.com plans to rejuvenate its gaming portfolio with the launch of a new TLBB mobile game and expansion packs, which could stabilize its user base.

11 months ago - zacks.com

Sohu.com (SOHU) reports a top-line contraction year over year in the second quarter of 2023, owing to declining revenues from online gaming and brand advertising segments.

11 months ago - seekingalpha.com

Sohu.com Limited (NASDAQ:SOHU ) Q2 2023 Earnings Call Transcript August 7, 2023 7:30 AM ET Company Participants Huang Pu - Investor Relations Director Charles Zhang - Chairman and Chief Executive Officer Joanna Lv - Chief Financial Officer Dewen Chen - Chief Executive Officer, Changyou Conference Call Participants Thomas Chong - Jefferies Alicia Yap - Citigroup Operator Ladies and gentlemen, thank you for standing by, and good evening. Thank you for joining Sohu's Second Quarter 2023 Earnings Conference Call.

11 months ago - zacks.com

Sohu.com (SOHU) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to earnings of $0.25 per share a year ago.

11 months ago - prnewswire.com

BEIJING , Aug. 7, 2023 /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, 2023. Second  Q uarter Highlights Total revenues were US$152 million, down 22% year-over-year and 6% quarter-over-quarter.