The earnings call presented a mixed performance. While the online game segment exceeded expectations and several social engagement initiatives were successful, challenges remain with declining brand advertising revenue and conservative future guidance. The sentiment is balanced with notable achievements in gaming offset by revenue declines in other areas.
Company Guidance
During the Q3 2024 earnings call for Sohu, the company provided specific guidance metrics and insights into its financial performance and strategic initiatives. Total revenues for the quarter were reported at $152 million, marking a 5% year-over-year increase but a 12% decline quarter-over-quarter. Brand advertising revenues were $19 million, reflecting a 15% year-over-year decline and a 6% sequential decrease. Online game revenues reached $128 million, up 9% year-over-year but down 13% from the previous quarter. The company reported a GAAP net loss of $16 million and a non-GAAP net loss of $12 million for the quarter. Looking ahead to Q4 2024, Sohu anticipates brand advertising revenues between $17 million and $19 million, and online game revenues ranging from $97 million to $107 million. The projected non-GAAP net loss is between $26 million and $36 million, while the GAAP net loss is expected to be between $30 million and $40 million. The company also discussed extending its share buyback program through 2026, having repurchased 3.4 million ADS for a total of $42 million by November 7, 2024.
Online Game Revenue Exceeds Expectations
Online game revenues reached $128 million, up 9% year-over-year, exceeding prior guidance.
Social Engagement Initiatives
Hosted the 2024 autumn convention and the 2024 Dream Concert collaboration in South Korea, significantly boosting user engagement and brand influence.
Improved Bottom Line Performance
Non-GAAP net loss was $12 million, showing improvement from a $34 million loss in the previous quarter.
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Sohu (SOHU) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SOHU Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 12, 2024
$14.04
$13.03
-7.19%
Aug 05, 2024
$14.53
$14.72
+1.31%
May 20, 2024
$11.93
$12.01
+0.67%
Mar 04, 2024
$9.59
$9.83
+2.50%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sohu.com (SOHU) report earnings?
Sohu.com (SOHU) is schdueled to report earning on Jan 31, 2025, TBA Not Confirmed.
What is Sohu.com (SOHU) earnings time?
Sohu.com (SOHU) earnings time is at Jan 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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