Sohu releases Q1 2024 financial report with revenue of $139 million
白云追月素
发表于 2024-5-20 15:24:45
207
0
0
On May 20, 2024, Sohu Corporation released its financial report for the first quarter of 2024. According to the financial report, Sohu's total revenue in the first quarter was $139 million, of which brand advertising revenue was $16 million and online gaming revenue was $118 million.
"In the first quarter of 2024, despite seasonal impacts, our revenue met expectations and our net loss was better than previously expected," said Zhang Chaoyang, founder, chairman of the board of directors, and CEO of Sohu
According to the financial report, Sohu's total revenue in the first quarter of 2024 was $139 million. The non GAAP net loss attributable to Sohu Corporation was $22 million. Meanwhile, according to Sohu's previously announced repurchase plan for up to $150 million in American Depositary Shares, as of May 16, 2024, Sohu has repurchased 1726718 shares of Sohu American Depositary Shares for a total amount of approximately $17 million.
Overall, in terms of business, "Sohu Media and Sohu Video, we continue to improve our products, optimize algorithms, and continuously enhance user experience. We actively integrate products and resources to promote content generation, consumption, and social distribution. At the same time, relying on our unique IP and differentiation advantages, we continuously organize rich and colorful activities to enhance user interaction, stimulate content co creation, and obtain more commercial opportunities. The online gaming business has performed steadily, and revenue meets expectations." Zhang Chaoyang said.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Zhiwen Group Q2 financial report: Net revenue decreased by 14% year-on-year, with both Tantan and Momo paying users experiencing a decline
- NIO's Q2 revenue and delivery volume hit new highs
- NIO's Q2 revenue loss narrowed from 17.45 billion yuan to 5.046 billion yuan, with a pre-market increase of nearly 5% in the US stock market
- Q2 revenue increased by 98.9% year-on-year, while the US stock market rose more than 4% before trading! NIO claims that its bankrupt has been arrested by the police for spreading rumors
- NIO's Q2 revenue and delivery volume hit new highs
- NIO releases second quarter financial report with revenue of 17.45 billion yuan, and the US stock market closed up more than 14% on the same day
- NIO's Q2 revenue of 17.45 billion yuan, Li Bin: Optimizing gross profit margin is an important task for the next stage
- NIO opens nearly 15%, second quarter revenue hits historic high
- Strong Apple A18 orders drive TSMC's 3nm process to increase revenue by 34% year-on-year this year
- Zhang Chaoyang's Journey to the Sea and Sohu's New Path
-
每经AI快讯,据亿航智能官微消息,公司EH216-S无人驾驶电动垂直起降航空器(eVTOL)获得巴西国家民航局颁发的试验飞行许可证书,并计划在巴西进行测试和试飞。关于EH216-S无人驾驶eVTOL在巴西的认证,中国民航局 ...
- 潇湘才子
- 13 小时前
- 支持
- 反对
- 回复
- 收藏
-
今年7月,美国三大海外“债主”所持美国国债齐刷刷缩水,其中日本美债持仓已降至去年10月以来最低。 根据美国财政部当地时间9月18日公布的国际资本流动报告(TIC),2024年7月,美国前三大海外“债主”日本 ...
- 520hacker
- 前天 20:44
- 支持
- 反对
- 回复
- 收藏
-
上证报中国证券网讯(记者俞立严)9月19日,蔚来全新品牌乐道的首款车型——乐道L60正式上市。新车定位家庭智能电动SUV,在采用BaaS电池租用服务后,L60的售价可低至14.99万元,电池租用月费最低为599元。乐道L6 ...
- anhao007
- 昨天 11:03
- 支持
- 反对
- 回复
- 收藏
-
每经记者袁园 日前,国务院印发的《关于加强监管防范风险推动保险业高质量发展的若干意见》提出,以新能源汽车商业保险为重点,深化车险综合改革。 “车险综改”从2015年就已经开始逐步推进了,经过 ...
- moshulong
- 昨天 21:50
- 支持
- 反对
- 回复
- 收藏