SOHU - Sohu.com Non-GAAP EPADS of -$0.52 revenue of $152M; initiates Q3 outlook

2023-08-07 01:08:00 ET

• Sohu.com press release ( NASDAQ: SOHU ): Q2 Non-GAAP EPADS of -$0.52.
• Revenue of $152M (-22.0% Y/Y).
• GAAP and non-GAAP gross profit were both $103 million, a decrease of 22% year-over-year and 7% quarter-over-quarter.
• As of June 30, 2023, cash and cash equivalents, short-term investments and long-term time deposits totaled approximately $1.4 billion.

• For the third quarter of 2023, Sohu estimates : For the third quarter 2023 guidance, Brand advertising revenues to be between US$21 million and US$24 million; this implies an annual decrease of 7% to 18%, and a sequential decrease of nil to 12%.

• Online game revenues to be between US$108 million and US$118 million; this implies an annual decrease of 21% to 27%, and a sequential decrease of nil to 9%.

• Non-GAAP net loss attributable to Sohu.com Limited to be between US$20 million and US$30 million; and GAAP net loss attributable to Sohu.com Limited to be between US$23 million and US$33 million.

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