SOHU - Sohu.com Non-GAAP EPADS of $0.26 revenue of $193M; issues Q2 guidance

Sohu.com press release (NASDAQ:SOHU): Q1 Non-GAAP EPADS of $0.26. Revenue of $193M (-13.1% Y/Y). Both GAAP and non-GAAP gross margin were 75%, compared with 79% in the first quarter of 2021 and 73% in the fourth quarter of 2021. For the second quarter of 2022, Sohu estimates: Brand advertising revenues to be between US$22 million and US$25 million; this implies an annual decrease of 32% to 40%, and a sequential decrease of 7% to a sequential increase of 5%;  Online game revenues to be between US$150 million and US$160 million; this implies an annual decrease of 1% to an annual increase of 6%, and a sequential decrease of 5% to a sequential increase of 1%. Non-GAAP net loss attributable to Sohu.com Limited to be between US$15 million and US$5 million; and GAAP net loss attributable to Sohu.com Limited to be between US$18 million and US$8 million.

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Sohu.com Non-GAAP EPADS of $0.26, revenue of $193M; issues Q2 guidance