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Sohu Q4 revenues 2%

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Christian Fernsby ▼ | March 9, 2020
Sohu today reported unaudited financial results for the fourth quarter ended December 31, 2019.
Sohu
Sohu   Search and search related advertising revenues were down 5%
Total revenues were US$490 million, up 5% year-over-year and 2% quarter-over-quarter.

Topics: Sohu

Brand advertising revenues were US$42 million, down 27% year-over-year and 10% quarter-over-quarter.

Search and search related advertising revenues were US$275 million, down 1% year-over-year and 5% quarter-over-quarter.

Online game revenues were US$132 million, up 40% year-over-year and 22% quarter-over-quarter.

Including an impairment charge of approximately US$23 million recognized for the quarter for an investment unrelated to the Company' core businesses, GAAP net loss attributable to Sohu.com Limited was US$18 million, compared with net income of US$23 million in the fourth quarter of 2018.

Excluding the impairment charge, non-GAAP net income attributable to Sohu.com Limited was US$7 million, compared with a net loss of US$51 million in the fourth quarter of 2018 and a net loss of US$17 million in the third quarter of 2019.

Excluding the profit loss generated by Sogou and Changyou, and further excluding the impairment charge, non-GAAP net loss attributable to Sohu.com Limited was US$46 million, compared with a net loss of US$75 million in the fourth quarter of 2018 and a net loss of US$53 million in the third quarter of 2019.


 

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