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SOHU.COM REPORTS SECOND QUARTER 2026 UNAUDITED FINANCIAL RESULTS
- Sohu.com Limited, a leading Chinese online media platform, reported unaudited second-quarter results on August 10, 2026, showing US$136 million in total revenues and GAAP net income of US$0.2 million. The results included online game revenues of US$116 million.
- A tax position reversal significantly increased profitability, contributing US$13 million to the reported quarterly income. This one-time accounting adjustment masked underlying operational challenges during the second quarter.
- Authorizing open-ended share repurchases on August 8, 2026, the board removed the November 10, 2026 deadline. The firm had already repurchased 9.4 million ADSs for an aggregate cost of US$124 million.
- Combined cash, cash equivalents, short-term investments, and long-term time deposits totaled approximately US$1.2 billion as of June 30, 2026, ensuring the company maintains a strong liquidity position.
- Third-Quarter 2026 guidance projects marketing services revenues between US$14 million and US$15 million and online game revenues between US$105 million and US$115 million, with an anticipated net loss between US$13 million and US$23 million.
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Soon consumers could hear the advertising of an automobile dealer between two songs played by the radio of their grocery store. The music service provider Stingray wants to develop this advertising market.
·Montreal, Canada
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Coverage Details
Total News Sources48
Leaning Left10Leaning Right10Center18Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 26%
C 48%
R 26%
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