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Sohu.com Q2 Loss Widens - Update

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

(Adds Guidance)

For the third-quarter, Sohu.com Limited (SOHU) expects net loss of $34 million to $44 million, while adjusted loss is projected to be in the range of $30 million to $40 million.

Q2 Results:

Sohu.com announced Loss for its second quarter that increased from the same period last year

The company's bottom line totaled -$37.657 million, or -$1.16 per share. This compares with -$21.195 million, or -$0.62 per share, in last year's second quarter.

Excluding items, Sohu.com Limited reported adjusted earnings of -$34.162 million or -$1.05 per share for the period.

The company's revenue for the quarter rose 13.3% to $172.333 million from $152.090 million last year.

Sohu.com Limited earnings at a glance (GAAP) :

-Earnings (Q2): -$37.657 Mln. vs. -$21.195 Mln. last year.
-EPS (Q2): -$1.16 vs. -$0.62 last year.
-Revenue (Q2): $172.333 Mln vs. $152.090 Mln last year.

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