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Sohu ( (SOHU) ) has shared an announcement.
On February 18, 2025, Sohu.com Limited announced its unaudited financial results for the fourth quarter and fiscal year ending December 31, 2024. The company reported a 5% year-over-year decline in total revenues to $135 million for the fourth quarter, with online gaming revenues dropping by 4% and brand advertising revenues decreasing by 7%. Despite these declines, Sohu’s CEO, Dr. Charles Zhang, highlighted the company’s efforts in refining products and optimizing algorithms to improve user experience and monetization potential. For the fiscal year 2024, total revenues remained flat at $598 million, with online game revenues increasing by 5%. The company faced a GAAP net loss of $100 million, exacerbated by reduced gross margins and increased operating losses compared to the previous year.
More about Sohu
Sohu.com Limited is a leading Chinese online media platform and game business group, focusing on providing digital media content and online gaming services. The company is known for its robust media platform and its innovative online gaming offerings, which aim to enhance user engagement and monetization opportunities.
YTD Price Performance: 13.99%
Average Trading Volume: 58,893
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $484.8M
Learn more about SOHU stock on TipRanks’ Stock Analysis page.
