Sohu.com Limited Sponsored ADR (SOHU.US) Q3 revenue in 2024 reached 152 million US dollars, a year-on-year growth of 5%.

date
12/11/2024
avatar
GMT Eight
On November 12, 2024, Sohu Company announced its financial report for the third quarter of 2024. The report showed that Sohu's total revenue for the third quarter was $152 million, a 5% increase from the same period in 2023. Among them, brand advertising revenue was $19 million, and online gaming revenue was $128 million. Sohu's founder, chairman of the board, and CEO, Zhang Chaoyang, said, "In the third quarter of 2024, our brand advertising revenue met our expectations, and online gaming revenue and net loss were better than expected." The financial report showed that in the third quarter of 2024, Sohu's total revenue was $152 million, and the non-GAAP net loss attributable to Sohu was $12 million, which was better than expected. Sohu had previously estimated a loss of between $30 million and $40 million for the third quarter. Overall, Zhang Chaoyang stated, "In terms of Sohu Media and Sohu Video, we are continuously improving our products, enhancing user experience, integrating resources, and organizing a variety of specialty projects and marketing activities. This has effectively promoted social interaction among users, increased brand influence, and gained more commercial opportunities. Thanks to high-quality content updates and stable game operations, the online gaming business performed better than expected." (Note: All dollar amounts are in USD)

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