Brief: Sohu.Com Says Q1 Revenue Rose 6% To $436 Million

Sohu.com

18/05/2020 07:07

May 18 (Reuters) - Sohu.com Ltd  SOHU.O :
    * SOHU.COM REPORTS FIRST QUARTER 2020 UNAUDITED FINANCIAL RESULTS
    * Q1 REVENUE ROSE 6 PERCENT TO $436 MILLION
    * SEES Q2 2020 REVENUE $410 MILLION TO $445 MILLION
    * Q1 ONLINE GAME REVENUES WERE US$133 MILLION, UP 35% YEAR-OVER-YEAR AND 1%
QUARTER-OVER-QUARTER
    * Q1 BRAND ADVERTISING REVENUES WERE US$26 MILLION, DOWN 40% YEAR-OVER-YEAR AND 39%
QUARTER-OVER-QUARTER
    * Q1 SEARCH AND SEARCH RELATED ADVERTISING REVENUES WERE US$238 MILLION, UP 1%
YEAR-OVER-YEAR AND
DOWN 13% QUARTER-OVER-QUARTER
    * GAAP NET LOSS ATTRIBUTABLE TO SOHU.COM LIMITED FOR Q1 OF 2020 WAS $0.52 LOSS PER
FULLY-DILUTED
ADS
    * NON-GAAP NET LOSS ATTRIBUTABLE TO SOHU.COM LIMITED FOR Q1 OF 2020 WAS US$0.47 PER
FULLY-DILUTED
ADS
    * AS OF MARCH 31, CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS HELD BY SOHU GROUP,
MINUS
SHORT-TERM BANK LOANS, WERE US$1.53 BILLION

Source text for Eikon:  ID:nPn5Y0FdQa 
Further company coverage:  SOHU.O 

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