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Sohu.com had $133 million in sales last quarter, down 26%, and lost $15 million.

ResultsRead the original at Benzinga
Bad for SOHU

Sohu.com’s sales fell 26%, game sales fell 30%, and it moved from profit to loss. Marketing sales grew 10% and the company completed a $134 million share repurchase, but those positives do not outweigh the weaker results.

SOHU · Sohu.com

AI read · Bad for SOHU

The AI's read

The drop came alongside a 30% fall in online game sales. Marketing sales rose 10% from a year earlier but slipped 2% from the prior quarter. For Q4, Sohu expects marketing sales of $30 million to $40 million and game sales of $111 million to $121 million. Its $134 million share repurchase returned cash to shareholders, but does not erase weaker sales and the loss.

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