SOHU - Sohu.com Non-GAAP EPADS of -$0.06 revenue of $160.4M; initiates Q1 outlook

• Sohu.com press release ( NASDAQ: SOHU ): Q4 Non-GAAP EPADS of -$0.06.
• Revenue of $160.4M (-16.9% Y/Y).
• Both GAAP and non-GAAP gross margin were 78%, compared with 73% in the fourth quarter of 2021 and 71% in the third quarter of 2022.
• For the first quarter of 2023, Sohu estimates : Brand advertising revenues to be between US$20 million and US$23 million; this implies an annual decrease of 3% to 16%, and a sequential decrease of 20% to 31%.
• Online game revenues to be between US$121 million and US$131 million; this implies an annual decrease of 17% to 23%, and a sequential increase of nil to 8%.
• Non-GAAP net loss attributable to Sohu.com Limited to be between US$15 million and US$25 million; and GAAP net loss attributable to Sohu.com Limited to be between US$20 million and US$30 million.

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