Sohu.com Reports First Quarter 2020 Unaudited Financial Results
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Sohu.com, Inc. (SOHU) Tops Q1 EPS by 20c, Revenues Beat; Offers 2Q EPS Mid-Point Guidance Above Consensus, 2Q Revenue Guidance Below Consensus
May 18, 2020 6:23 AM EDTSohu.com, Inc. (NASDAQ: SOHU) reported Q1 EPS of ($0.52), $0.20 better than the analyst estimate of ($0.72). Revenue for the quarter came in at $436 million versus the consensus estimate of $427.85 million.
First Quarter Highlights[1]
Total revenues were US$436 million[2], up 6% year-over-year and down 11% quarter-over-quarter.Brand advertising revenues were US$26 million, down 40% year-over-year and 39% quarter-over-quarter.Search and search related advertising revenues[3] were US$238 million, up 1% year-over-year and down 13% quarter-over-quarter.Online game revenues were US$133 million, up 35% year-over-year and 1% quarter-over-quarter.GAAP net loss attributable to Sohu.com... More