China's Sohu.com Q4 revenue rises 6% y/y on improved user engagement

Sohu.com

09/02/2026 05:18

Overview

China online media platform's Q4 revenue rose 6% yr/yr, with a net income boost from tax reversal

Company's fiscal 2025 revenue declined 2% compared with 2024 levels

Company repurchased 8.1 mln ADSs for US$106 mln under share buyback programme

Outlook

Sohu estimates Q1 2026 marketing services revenue between US$10 mln and US$11 mln

Company expects Q1 2026 online game revenue between US$113 mln and US$123 mln

Sohu forecasts Q1 2026 net loss between US$10 mln and US$20 mln

Result Drivers

MARKETING SERVICES - Revenues increased 25% quarter-over-quarter due to improved user engagement and monetization opportunities

ONLINE GAMES - Revenues were in line with expectations, focusing on operational excellence and content updates

TAX REVERSAL - GAAP net income significantly boosted by reversal of approximately US$285 million withholding income tax related to Changyou

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$8.38


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy."

Wall Street's median 12-month price target for Sohu.com Ltd is $21.00, about 28.4% above its February 6 closing price of $16.36

Press Release: ID:nPn6PLYH7a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)