Changyou Reports First Quarter 2019 Unaudited Financial Results
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Changyou.com (CYOU) Tops Q1 EPS by 18c, Revenues Beat; Affirms 2Q Revenue Guidance Above Consensus, Offers 2Q EPS Outlook
April 29, 2019 5:48 AM EDTChangyou.com (NASDAQ: CYOU) reported Q1 EPS of $0.69, $0.18 better than the analyst estimate of $0.51. Revenue for the quarter came in at $123 million versus the consensus estimate of $115.85 million.
Total revenue was US$123 million, a decrease of 10% year-over-year and an increase of 5% quarter-over-quarter, exceeding the Company's guidance.Online game revenue was US$99 million, a decrease of 6% year-over-year and an increase of 5% quarter-over-quarter, exceeding the Company's guidance.GAAP net income attributable to Changyou.com Limited was US$37 million, compared with a net loss of US$13 million[1] in the first quarter... MoreSohu.com, Inc. (SOHU) Tops Q1 EPS by 14c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Above Consensus
April 29, 2019 5:43 AM EDTSohu.com, Inc. (NASDAQ: SOHU) reported Q1 EPS of ($1.39), $0.14 better than the analyst estimate of ($1.53). Revenue for the quarter came in at $431 million versus the consensus estimate of $404.92 million.
First Quarter Highlights
Total revenues were US$431 million[1], down 5% year-over-year and 11% quarter-over-quarter.Brand advertising revenues were US$43 million, down 24% year-over-year and 25% quarter-over-quarter.Search and search related advertising revenues[2] were US$234 million, up 6% year-over-year and down 15% quarter-over-quarter.Online game revenues were US$99 million, down 6% year-over-year and up 5% quarter-over-quarter.Excluding a US$6 million impairment of intangibles via acquisitions... More