Sohu.Com For Q4 Expects Brand Ad Revenues Of $17M-$19M Down 6%-16% YoY, Online Game Revenues $97M-$107M Down 7%-15% YoY; Adjusted Net Loss Of $(26)M-$(36)M

Benzinga

12 Nov 2024

Business Outlook

For the fourth quarter of 2024, Sohu estimates:

Brand advertising revenues to be between US$17 million and US$19 million; this implies an annual decrease of 6% to 16%, and a sequential decrease of 9% to a sequential increase of 2%.
Online game revenues to be between US$97 million and US$107 million; this implies an annual decrease of 7% to 15%, and a sequential decrease of 16% to 24%.
Non-GAAP net loss attributable to Sohu.com Limited to be between US$26 million and US$36 million; and GAAP net loss attributable to Sohu.com Limited to be between US$30 million and US$40 million.

For the fourth quarter 2024 guidance, the Company has adopted a presumed exchange rate of RMB7.10=US$1.00, as compared with the actual exchange rate of approximately RMB7.15=US$1.00 for the fourth quarter of 2023, and RMB7.12=US$1.00 for the third quarter of 2024.

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