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Sohu.com Q2: 13% Topline Growth, Strong Online Game Sales, Increased Mobile Users
Sohu.com Limited (NASDAQ: SOHU) reported revenue growth of 13% year-over-year to $172 million for the fiscal second quarter of 2024, up 24% Q/Q.
The Chinese internet company’s adjusted loss per ADS was $(1.05), down from $(0.52) Y/Y.
Brand advertising revenues declined 17% Y/Y to $20 million. Online game revenues increased 24% Y/Y to $147 million.
The adjusted gross margin declined by 900 bps Y/Y to 67% and by 1,000 ...