Sohu.com Non-GAAP EPADS of $0.68, revenue of $126M; initiates Q3 outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 04 2025
0mins
Should l Buy SOHU?
Source: SeekingAlpha
Financial Performance: Sohu.com reported a Q2 Non-GAAP EPADS of $0.68 with revenue of $126 million, reflecting a 26.7% year-over-year decline. The company holds approximately $1.2 billion in cash and equivalents as of June 30, 2025.
User Engagement and Outlook: Monthly active users for PC games increased by 6% year-over-year to 2.3 million, while mobile games saw a significant drop of 60% to 1.9 million. For Q3 2025, Sohu anticipates a decrease in marketing services revenues and a mixed outlook for online game revenues, alongside projected net losses between $25 million and $35 million.
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Analyst Views on SOHU
Wall Street analysts forecast SOHU stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 15.890
Low
20.00
Averages
21.00
High
22.00
Current: 15.890
Low
20.00
Averages
21.00
High
22.00
About SOHU
Sohu.com Ltd is a China-based company mainly engaged in brand advertising business and online game business. The Company primarily operates through two segments. The Sohu segment is mainly engaged in the brand advertising business. The Changyou segment is mainly engaged in the operation of Changyou online game business and the 17173.com Website. The Company primarily operates in the domestic market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sohu Reports Q4 2025 Net Profit Growth Driven by Tax Benefit
- Profit Reversal: Sohu reported a net profit of $223.285 million for Q4 2025, translating to $8.38 per share, a significant turnaround from a net loss of $21.291 million in the same quarter last year, indicating a recovery in profitability driven by tax benefits.
- Revenue Growth: The company achieved total revenue of $142.260 million in Q4, up from $134.684 million year-over-year, primarily fueled by the Online Games segment, which generated $120.361 million, reflecting over a 10% increase compared to the previous year.
- Widening Operating Loss: Despite revenue growth, Sohu's operating loss expanded to $66.042 million, compared to a loss of $25.193 million last year, highlighting increased operational expenses that rose to $173.116 million from $122.844 million in 2024.
- Cautious Outlook: Looking ahead to Q1 2026, Sohu anticipates net and adjusted losses ranging from $10 million to $20 million, indicating a cautious stance on future profitability following a strong performance in fiscal 2025.
See More
Sohu Reports Fourth Quarter 2025 Financial Highlights
- Revenue Growth: Total revenues for Q4 2025 reached $142 million, reflecting a 6% year-over-year increase despite a 21% quarter-over-quarter decline, indicating resilience amidst market fluctuations.
- Online Game Performance: Online game revenues hit $120 million, up 10% year-over-year, although down 26% quarter-over-quarter, suggesting that ongoing investments in game content updates and user experience are beginning to pay off.
- Rising Operating Expenses: GAAP operating expenses for Q4 totaled $173 million, a 41% increase year-over-year, primarily due to a $37 million goodwill impairment charge, highlighting the high costs associated with business expansion and maintenance.
- Net Income Rebound: GAAP net income was $223 million, translating to $8.38 per share, a significant turnaround from a net loss of $21 million in the same quarter last year, demonstrating success in financial management and tax policy adjustments.
See More
Sohu Reports $394 Million Net Income for 2025 Fiscal Year
- Financial Recovery: Sohu's total revenue for Q4 2025 was $142 million, reflecting a 6% year-over-year increase despite a 21% quarter-over-quarter decline, indicating growth potential amidst market fluctuations, particularly with online game revenue reaching $120 million, up 10% year-over-year.
- Significant Net Income Improvement: The GAAP net income for Q4 was $223 million, a stark contrast to the $21 million net loss in Q4 2024, marking a substantial recovery in profitability that reflects effective strategies in cost control and revenue growth by management.
- Rising Operating Expenses: GAAP operating expenses for Q4 totaled $173 million, up 41% year-over-year, primarily due to a $37 million goodwill impairment charge; however, non-GAAP operating expenses rose only 11%, showcasing the company's ability to manage costs in its core operations.
- Cautious Future Outlook: For Q1 2026, Sohu estimates marketing services revenue between $10 million and $11 million, implying a year-over-year decrease of 20% to 27%, indicating a conservative revenue forecast strategy aimed at navigating uncertainties in the market.
See More
Sohu Reports Q4 2025 Earnings with Mixed Results
- Earnings Highlights: Sohu's Q4 2025 non-GAAP EPS stands at $9.77 with revenues of $142 million, reflecting a 5.2% year-over-year growth, indicating stability in the overall market despite facing challenges.
- Decline in Marketing Services: Marketing services revenue for Q4 was $17 million, down 10% year-over-year but up 25% quarter-over-quarter, suggesting a recovery trend, yet the overall decline indicates increased market competition pressure.
- Volatility in Online Gaming: Online game revenues reached $120 million, up 10% year-over-year but down 26% quarter-over-quarter, highlighting seasonal fluctuations and changing market demand challenges for the gaming segment.
- Cautious Future Outlook: Sohu estimates Q1 2026 marketing services revenue to be between $10 million and $11 million, implying a year-over-year decline of 20% to 27%, while online game revenues are projected between $113 million and $123 million, reflecting uncertainty in future market conditions.
See More
Major Earnings Reports Expected Before Monday's Open
- Earnings Release Companies: Before Monday's market open, major companies such as Cleveland-Cliffs (CLF), Pagaya Technologies Ltd. (PGY), Becton, Dickinson and Company (BDX), and Apollo Global Management (APO) are set to report earnings, which could significantly influence market sentiment.
- Additional Earnings Announcements: In addition to the major players, Monday.com Ltd. (MNDY) and several others including AIOT, AVXL, CNA, and DT are also scheduled to release earnings before Monday, potentially impacting investor decisions.
- Market Reaction Expectations: As earnings season approaches, investors will closely monitor these companies' performance to assess the progress of economic recovery and its potential effects on the stock market.
- Earnings Season Calendar: Seeking Alpha provides a comprehensive earnings season calendar, assisting investors in tracking upcoming earnings reports to ensure timely updates on market dynamics.
See More
Sohu to Report Q4 and FY 2025 Results on February 9, 2026
- Earnings Report Schedule: Sohu.com Limited will release its unaudited financial results for Q4 and FY 2025 on February 9, 2026, before U.S. market hours, providing investors with crucial performance metrics and future outlook.
- Management Conference Call: On the same day, Sohu's management team will host a conference call at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Beijing/Hong Kong time) to discuss the financial results and answer investor questions, enhancing transparency and investor confidence.
- Call Registration Process: Participants must preregister to receive dial-in numbers and a unique access PIN, ensuring a smooth conference call, which reflects Sohu's commitment to investor communication.
- Overview of Online Media Platform: As a leading online media platform in China, Sohu offers a wide range of content and social features, attracting a large user base engaged in content generation and interaction, further solidifying its market position.
See More
Sohu Reports Q4 2025 Net Profit Growth Driven by Tax Benefit
- Profit Reversal: Sohu reported a net profit of $223.285 million for Q4 2025, translating to $8.38 per share, a significant turnaround from a net loss of $21.291 million in the same quarter last year, indicating a recovery in profitability driven by tax benefits.
- Revenue Growth: The company achieved total revenue of $142.260 million in Q4, up from $134.684 million year-over-year, primarily fueled by the Online Games segment, which generated $120.361 million, reflecting over a 10% increase compared to the previous year.
- Widening Operating Loss: Despite revenue growth, Sohu's operating loss expanded to $66.042 million, compared to a loss of $25.193 million last year, highlighting increased operational expenses that rose to $173.116 million from $122.844 million in 2024.
- Cautious Outlook: Looking ahead to Q1 2026, Sohu anticipates net and adjusted losses ranging from $10 million to $20 million, indicating a cautious stance on future profitability following a strong performance in fiscal 2025.
See More
Sohu Reports Fourth Quarter 2025 Financial Highlights
- Revenue Growth: Total revenues for Q4 2025 reached $142 million, reflecting a 6% year-over-year increase despite a 21% quarter-over-quarter decline, indicating resilience amidst market fluctuations.
- Online Game Performance: Online game revenues hit $120 million, up 10% year-over-year, although down 26% quarter-over-quarter, suggesting that ongoing investments in game content updates and user experience are beginning to pay off.
- Rising Operating Expenses: GAAP operating expenses for Q4 totaled $173 million, a 41% increase year-over-year, primarily due to a $37 million goodwill impairment charge, highlighting the high costs associated with business expansion and maintenance.
- Net Income Rebound: GAAP net income was $223 million, translating to $8.38 per share, a significant turnaround from a net loss of $21 million in the same quarter last year, demonstrating success in financial management and tax policy adjustments.
See More
Sohu Reports $394 Million Net Income for 2025 Fiscal Year
- Financial Recovery: Sohu's total revenue for Q4 2025 was $142 million, reflecting a 6% year-over-year increase despite a 21% quarter-over-quarter decline, indicating growth potential amidst market fluctuations, particularly with online game revenue reaching $120 million, up 10% year-over-year.
- Significant Net Income Improvement: The GAAP net income for Q4 was $223 million, a stark contrast to the $21 million net loss in Q4 2024, marking a substantial recovery in profitability that reflects effective strategies in cost control and revenue growth by management.
- Rising Operating Expenses: GAAP operating expenses for Q4 totaled $173 million, up 41% year-over-year, primarily due to a $37 million goodwill impairment charge; however, non-GAAP operating expenses rose only 11%, showcasing the company's ability to manage costs in its core operations.
- Cautious Future Outlook: For Q1 2026, Sohu estimates marketing services revenue between $10 million and $11 million, implying a year-over-year decrease of 20% to 27%, indicating a conservative revenue forecast strategy aimed at navigating uncertainties in the market.
See More
Sohu Reports Q4 2025 Earnings with Mixed Results
- Earnings Highlights: Sohu's Q4 2025 non-GAAP EPS stands at $9.77 with revenues of $142 million, reflecting a 5.2% year-over-year growth, indicating stability in the overall market despite facing challenges.
- Decline in Marketing Services: Marketing services revenue for Q4 was $17 million, down 10% year-over-year but up 25% quarter-over-quarter, suggesting a recovery trend, yet the overall decline indicates increased market competition pressure.
- Volatility in Online Gaming: Online game revenues reached $120 million, up 10% year-over-year but down 26% quarter-over-quarter, highlighting seasonal fluctuations and changing market demand challenges for the gaming segment.
- Cautious Future Outlook: Sohu estimates Q1 2026 marketing services revenue to be between $10 million and $11 million, implying a year-over-year decline of 20% to 27%, while online game revenues are projected between $113 million and $123 million, reflecting uncertainty in future market conditions.
See More
Major Earnings Reports Expected Before Monday's Open
- Earnings Release Companies: Before Monday's market open, major companies such as Cleveland-Cliffs (CLF), Pagaya Technologies Ltd. (PGY), Becton, Dickinson and Company (BDX), and Apollo Global Management (APO) are set to report earnings, which could significantly influence market sentiment.
- Additional Earnings Announcements: In addition to the major players, Monday.com Ltd. (MNDY) and several others including AIOT, AVXL, CNA, and DT are also scheduled to release earnings before Monday, potentially impacting investor decisions.
- Market Reaction Expectations: As earnings season approaches, investors will closely monitor these companies' performance to assess the progress of economic recovery and its potential effects on the stock market.
- Earnings Season Calendar: Seeking Alpha provides a comprehensive earnings season calendar, assisting investors in tracking upcoming earnings reports to ensure timely updates on market dynamics.
See More
Sohu to Report Q4 and FY 2025 Results on February 9, 2026
- Earnings Report Schedule: Sohu.com Limited will release its unaudited financial results for Q4 and FY 2025 on February 9, 2026, before U.S. market hours, providing investors with crucial performance metrics and future outlook.
- Management Conference Call: On the same day, Sohu's management team will host a conference call at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Beijing/Hong Kong time) to discuss the financial results and answer investor questions, enhancing transparency and investor confidence.
- Call Registration Process: Participants must preregister to receive dial-in numbers and a unique access PIN, ensuring a smooth conference call, which reflects Sohu's commitment to investor communication.
- Overview of Online Media Platform: As a leading online media platform in China, Sohu offers a wide range of content and social features, attracting a large user base engaged in content generation and interaction, further solidifying its market position.
See More
