Sohu (SOHU) has released an update.
Sohu.com Limited reported a 13% increase in total revenues to US$172 million for Q2 2024, with a significant rise in online game revenues by 24% to US$147 million. Despite these gains, the company experienced a larger GAAP net loss of US$38 million compared to the previous year. Sohu’s financial performance reflects a mixed picture with robust gaming income but challenges in brand advertising and increased net losses.
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