Sohu.com, Inc. (SOHU) Reports Q2 Loss of $1.05; offers outlook

Sohu.com, Inc. (NASDAQ: SOHU) reported Q2 EPS of ($1.05). Revenue for the quarter came in at $172 million.

OUTLOOK

Business Outlook

For the third quarter of 2024, Sohu estimates:

Brand advertising revenues to be between US$17 million and US$19 million; this implies an annual decrease of 14% to 23%, and a sequential decrease of 4% to 14%.
Online game revenues to be between US$104 million and US$114 million; this implies an annual decrease of 3% to 11%, and a sequential decrease of 22% to 29%.
Non-GAAP net loss attributable to Sohu.com Limited to be between US$30 million and US$40 million; and GAAP net loss attributable to Sohu.com Limited to be between US$34 million and US$44 million.

For earnings history and earnings-related data on Sohu.com, Inc. (SOHU) click here.

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