×
You will be redirected back to your article in seconds

Sohu Beats Revenue Forecast, But Remains In Loss

Spurred by its directory and games businesses, and by surging video revenue, Sohu, the Chinese portal, games and search group, reported revenues up by a quarter in the first three months of the year. Losses stabilized.

“Total revenues reached $455 million, up 25% year-over-year, which exceeded the high end of our prior guidance by $15 million,” said Charles Zhang, chairman and CEO of Sohu.com Inc. “Sohu Video’s advertising revenues grew 57% year-over-year, mainly driven by faster mobile monetization.”

Non-GAAP net loss attributable to Sohu.com Inc. for the first quarter was US$25 million, compared with net loss of US$48 million in the first quarter of 2014 and a net loss of US$14 million in the fourth quarter of 2014.

Directory and search business Sogou saw revenues of US$116 million, up 66% year-over-year and down 3% quarter-over-quarter. Online game revenues were US$185 million, up 13% year-over-year and flat quarter-over-quarter.

The company’s Nasdaq-traded ADRs stood at US$67.9. That compares with $55.89 prior to its last announcement and with $43.09 in early November.

More Biz

  • Harvey Weinstein Perp Walk NYC

    Manhattan D.A. Accuses Weinstein Lawyer of Seeking a 'Public Circus'

    Spurred by its directory and games businesses, and by surging video revenue, Sohu, the Chinese portal, games and search group, reported revenues up by a quarter in the first three months of the year. Losses stabilized. “Total revenues reached $455 million, up 25% year-over-year, which exceeded the high end of our prior guidance by $15 million,” […]

  • WCPG Agency Opens Los Angeles Branch

    WCPG Agency Opens Los Angeles Branch

    Spurred by its directory and games businesses, and by surging video revenue, Sohu, the Chinese portal, games and search group, reported revenues up by a quarter in the first three months of the year. Losses stabilized. “Total revenues reached $455 million, up 25% year-over-year, which exceeded the high end of our prior guidance by $15 million,” […]

  • Columbia's Ayelet Schiffman Headed to Island

    Columbia's Ayelet Schiffman Headed to Island Records (EXCLUSIVE)

    Spurred by its directory and games businesses, and by surging video revenue, Sohu, the Chinese portal, games and search group, reported revenues up by a quarter in the first three months of the year. Losses stabilized. “Total revenues reached $455 million, up 25% year-over-year, which exceeded the high end of our prior guidance by $15 million,” […]

  • Beverly Hilton Wanda Group Hotels Battle

    China’s Wanda Sells Prominent Beverly Hills Property

    Spurred by its directory and games businesses, and by surging video revenue, Sohu, the Chinese portal, games and search group, reported revenues up by a quarter in the first three months of the year. Losses stabilized. “Total revenues reached $455 million, up 25% year-over-year, which exceeded the high end of our prior guidance by $15 million,” […]

  • Fairfax Media signage outside the Fairfax

    Australia's Fairfax Media Shareholders Approve Nine Entertainment Takeover

    Spurred by its directory and games businesses, and by surging video revenue, Sohu, the Chinese portal, games and search group, reported revenues up by a quarter in the first three months of the year. Losses stabilized. “Total revenues reached $455 million, up 25% year-over-year, which exceeded the high end of our prior guidance by $15 million,” […]

  • STAR WARS-THEMED LAND MODEL AT D23

    John Williams to Compose New 'Star Wars' Music for Disney Parks Attractions

    Spurred by its directory and games businesses, and by surging video revenue, Sohu, the Chinese portal, games and search group, reported revenues up by a quarter in the first three months of the year. Losses stabilized. “Total revenues reached $455 million, up 25% year-over-year, which exceeded the high end of our prior guidance by $15 million,” […]

  • Fox Sports NFL Sunday

    AT&T Sets Broad Carriage Renewal Pact With Fox Networks Group

    Spurred by its directory and games businesses, and by surging video revenue, Sohu, the Chinese portal, games and search group, reported revenues up by a quarter in the first three months of the year. Losses stabilized. “Total revenues reached $455 million, up 25% year-over-year, which exceeded the high end of our prior guidance by $15 million,” […]

More From Our Brands

Access exclusive content