SOHU Incurs Wider-Than-Expected Loss in Q1 on Lower Revenues
SOHUSohu.com(SOHU) zacks.com·2024-05-20 21:51

Sohu.com Limited (SOHU) reported soft first-quarter 2024 results, with the bottom line missing the Zacks Consensus Estimate. 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 IncomeOn a GAAP basis, the company incurred a net loss of $25 million or a loss of 76 ce ...