SOHU

Annual Report Filing: Sohu.com Limited has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2024, which is available on its investor relations website and can be requested in hard copy by shareholders.

Company Overview: Founded by Dr. Charles Zhang, Sohu is a major Chinese online media platform that also operates in the online gaming sector, providing a wide range of content and community features to millions of users.

Financial Results Announcement: Sohu.com Limited will report its fourth quarter and fiscal year 2024 unaudited financial results on February 18, 2025, before U.S. market hours, followed by a conference call at 4:30 a.m. U.S. Eastern Time.

Company Overview: Established in the 1990s by Dr. Charles Zhang, Sohu is a leading Chinese online media platform that offers a variety of services including news, video, and online games, catering to millions of users in China.

Conference Call Announcement: Sohu.com Limited (SOHU) will hold a conference call on November 12, 2024, at 7:30 AM ET to discuss its Q3 24 earnings results.

Webcast Access Information: Interested parties can access the live webcast by visiting https://investors.sohu.com/events-and-presentations.

Financial Performance: Sohu.com Limited reported total revenues of $152 million for Q3 2024, a 5% increase year-over-year but a 12% decrease quarter-over-quarter. The company experienced a net loss of $16 million, slightly worse than the previous year's loss of $14 million.

Business Outlook: For Q4 2024, Sohu estimates brand advertising revenues between $17 million and $19 million and online game revenues between $97 million and $107 million, indicating potential declines in both segments compared to the previous year.

Financial Performance: Sohu.com Ltd. reported a third-quarter net loss of $16.35 million, a significant decline from a profit of $21.37 million in the previous year, with total revenues increasing by 5% to $152 million despite a drop in brand advertising revenues.

Future Projections: For the fourth quarter, Sohu anticipates a net loss between $30 million and $40 million, with expected declines in both brand advertising and online game revenues compared to the previous year.

Financial Results Announcement: Sohu.com Limited will report its third quarter 2024 unaudited financial results on November 12, 2024, before U.S. market hours, followed by a conference call at 7:30 a.m. U.S. Eastern Time.

Company Overview: Established in the 1990s, Sohu is a leading Chinese online media platform offering a variety of services including news, video, and online games, catering to millions of users in China.

Madison Square Garden Sports Corp: The company reported strong second-quarter results, with an RSI of 72.41, indicating it may be overbought, as shares gained 1.6% to close at $212.16.

Sohu.com Ltd – ADR: Sohu experienced a revenue growth of 13% year-over-year, with an RSI of 73.12, suggesting potential overbought conditions, and its shares rose 6.1% to close at $16.44.

Management Change: NaaS Technology Inc. announced the resignation of CFO Alex Wu, effective August 9, 2024, and appointed Steven Sim as his successor starting August 12, 2024. Wu will remain in an advisory role until November 8, 2024.

Company Overview: NaaS Technology Inc. is the first U.S. listed EV charging service company in China, providing comprehensive energy solutions and supporting the energy transition for asset owners.

Financial Performance Overview: Sohu.com reported total revenues of $172 million for Q2 2024, a 13% year-over-year increase, driven by strong online game revenues of $147 million, while brand advertising revenues declined. The company experienced a GAAP net loss of $38 million, reflecting ongoing challenges in the advertising market.

Business Strategies and Future Outlook: Sohu is focusing on enhancing user engagement through innovative content and marketing strategies, particularly in its media and gaming segments. Despite anticipated declines in brand advertising and gaming revenues for Q3 2024, management remains optimistic about improving user experiences and monetization opportunities to drive future profitability.

Financial Performance: Sohu.com Limited reported a 13% year-over-year revenue growth to $172 million for Q2 2024, with online game revenues increasing by 24% to $147 million, while brand advertising revenues fell by 17% to $20 million. The company also experienced an adjusted loss per ADS of $(1.05) and a decline in adjusted gross margin.

Future Outlook: Sohu anticipates a decrease in third-quarter brand advertising revenue to between $17 million and $19 million, and expects online game revenues to decline by 3%–11%. The company has repurchased $26 million worth of its shares under a $150 million buyback program and holds $1.3 billion in cash as of June 30, 2024.

Earnings Reports Anticipated: Tyson Foods is expected to report earnings of 65 cents per share, while Kosmos Energy anticipates 12 cents per share; both companies will release their results before the market opens. Palantir Technologies and Avis Budget Group are also set to announce their quarterly earnings later in the day.

Stock Performance Overview: Pre-market trading shows mixed results with Tyson Foods down 0.4%, Sohu.com falling 2.4%, while Kosmos Energy gained 0.2%. Palantir Technologies saw a significant drop of 10% in pre-market trading, whereas Avis Budget Group rose slightly by 0.1%.

Earnings Report: Sohu.com reported a second-quarter 2024 earnings per share of -$1.05 and revenue of $172.33 million.

Automated Coverage: InvestorPlace Earnings utilizes TradeSmith data to provide automated coverage of quarterly earnings reports, highlighting key financial figures without human intervention.

Financial Performance: Sohu.com Limited reported total revenues of $172 million for Q2 2024, a 13% increase year-over-year, with online game revenues rising by 24%. However, the company faced a GAAP net loss of $38 million, worsening from previous quarters.

Business Outlook: For Q3 2024, Sohu anticipates brand advertising revenues between $17 million and $19 million, and online game revenues between $104 million and $114 million, indicating potential declines in both segments.

Financial Results Announcement: Sohu.com Limited will release its second quarter 2024 unaudited financial results on August 5, 2024, before U.S. market hours, followed by a conference call at 7:30 a.m. U.S. Eastern Time.

Company Overview: Established in the 1990s by Dr. Charles Zhang, Sohu is a major Chinese online media platform offering various services including news, video, and online gaming, catering to millions of users in China.

Sohu Incurs Wider-Than-Expected Loss in Q1:

• Sohu reported a net loss of $25 million in Q1, with revenues declining to $139.4 million due to government regulations and macroeconomic challenges.
• Non-GAAP net loss was $21.6 million, wider than expected, with Brand Advertising revenues down 29% year over year.

Financial Performance Details:

• Quarterly GAAP gross profit was $106.7 million, with a gross margin of 76.5%.
• Non-GAAP operating expenses decreased by 4% year over year to $132.8 million.
• The company had $318.7 million in cash and cash equivalents as of March 31, 2024.

Estimates and Outlook:

• For Q2 2024, Brand Advertising revenues are estimated to decrease by 16-25% year over year, while Online Games revenues are expected to increase by 12-21%.
• Sohu's non-GAAP net loss for Q2 is projected to be between $27 million and $37 million.

Analysts' Reactions and VGM Scores:

• Analysts did not issue any earnings estimate revisions recently.
• Sohu.com has a poor Growth Score of F and an aggregate VGM Score of F.

Performance Comparison with Shopify:

• Shopify, another company in the same industry, reported revenue growth of +23.4% in the last quarter.
• Shopify is expected to post earnings of $0.21 per share for the current quarter, with a Zacks Rank #3 (Hold) and a VGM Score of B.