SOHU Q4 Loss Narrower Than Expected Despite Revenue Decline
SOHUSohu.com(SOHU) Zacks Investment Research·2024-03-04 23:01

Sohu.com Limited (SOHU) reported mixed fourth-quarter 2023 results, with the bottom line beating the Zacks Consensus Estimate but the top line missing the same. Despite increasing user engagement and innovative strategic investments in its platform, the leading provider of online advertising, media and gaming services in China recorded year-over-year lower revenues owing to the adverse impact of rigid government regulations and macroeconomic headwinds. Net Income On a GAAP basis, the company incurred a net ...