PGJ - Why Is Sohu.Com Stock Sliding Today? | Benzinga
Sohu.com Limited (NASDAQ: SOHU) reported a revenue decline of 12% year-over-year to $141.36 million for the fourth quarter of 2023. Revenue was down by 3% Q/Q.
The Chinese internet company’s adjusted loss per ADS was 32 cents, beating the consensus loss of 59 cents.
Brand advertising revenues declined 30% Y/Y to $20 million. Online game revenues decreased 5% Y/Y to $115 million.
The adjusted gross margin declined by 200 bps Y/Y to 76% and flat Q/Q. The adjusted gross margin for online games was 87% versus 84% last year and ...