Market News AIOpen the app

Sohu.com Limited said its sales dropped 26% last quarter, resulting in a $15 million loss.

ResultsRead the original at prnewswire.com
Bad for SOHU

Sohu's sales and game revenue fell, it moved from profit to loss, and it expects another loss. Marketing sales grew and it bought back shares, but those gains do not make up for the wider decline.

SOHU · Sohu.com Limited

AI read · Bad for SOHU

The AI's read

Its main game business is bringing in less money, and the company's own forecast shows losses continuing. Marketing services grew, but that business is much smaller than online games. The buyback returned cash to shareholders, but it does not repair the drop in sales or the return to losses.

Get alerts for SOHU

Follow Sohu.com Limited (SOHU) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for SOHU
Free on the App Store and Google Play, or on the web.