Sohu.Com For Q1 Expects Brand Advertising Revenues Of $15M-$17M Down 25%-33% YoY, Online Game Revenues $110M-$120M Down 7%-15% YoY; Sees Adjusted Net Loss Of $23M-$33M
$SOHU
EDP Services
Technology
Business Outlook
For the first quarter of 2024, Sohu estimates:
- Brand advertising revenues to be between US$15 million and US$17 million; this implies an annual decrease of 25% to 33%, and a sequential decrease of 16% to 26%.
- Online game revenues to be between US$110 million and US$120 million; this implies an annual decrease of 7% to 15%, and a sequential decrease of 4% to a sequential increase of 5%.
- Non-GAAP net loss attributable to Sohu.com Limited to be between US$23 million and US$33 million; and GAAP net loss attributable to Sohu.com Limited to be between US$26 million and US$36 million.
For the first quarter 2024 guidance, the Company has adopted a presumed exchange rate of RMB7.10=US$1.00, as compared with the actual exchange rate of approximately RMB6.84=US$1.00 for the first quarter of 2023, and RMB7.15=US$1.00 for the fourth quarter of 2023.