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

  • Mandatory Credit: Photo by AP/REX/Shutterstock (9178399b)Hillary

    Hillary Clinton Talks Russia, Trump, Putin and Midterm Elections at NYC Festival

    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,” […]

  • Richard Simmons

    Prosecutors Charge Private Eye With Illegal Spying on Richard Simmons

    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,” […]

  • Lionsgate General Counsel Left Amid Allegations

    Lionsgate General Counsel Left Amid Allegations of Sexual Abuse

    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,” […]

  • 'Hammerhead' Takes Top Honors at New

    'Hammerhead' Takes Top Honors at New York Television Festival

    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,” […]

  • Radiohead Coachella

    Radiohead Demands Answers in Drum Technician's Death

    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,” […]

  • Kevin Durant LeBron James

    Kevin Durant Praises LeBron James' Lakers Move

    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