2023-05-15 01:15:31 ET
- Sohu.com press release ( NASDAQ: SOHU ): Q1 Non-GAAP EPADS of -$0.37.
- Revenue of $162M (-16.1% Y/Y).
- Both GAAP and non-GAAP gross margin were 75%, compared with 75% in the first quarter of 2022 and 78% in the fourth quarter of 2022.
- As of March 31, 2023, cash and cash equivalents, short-term investments and long-term time deposits totaled approximately US$1.4 billion.
- Guidance: For the second quarter of 2023, Sohu estimates:
- Brand advertising revenues to be between US$23 million and US$26 million; this implies an annual decrease of 8% to an annual increase of 4%, and a sequential increase of 2% to 15%.
- Online game revenues to be between US$112 million and US$122 million; this implies an annual decrease of 22% to 29%, and a sequential decrease of 6% to 13%.
- 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$18 million and US$28 million.
For further details see:
Sohu.com Non-GAAP EPADS of -$0.37, revenue of $162M; initiates Q2 guidance