Sohu.Com For Q2 Expects Brand Advertising Revenues Of $18M-$20M Down 16%-25% YoY, Online Game Revenues $133M-$143M Up 12%-21% YoY; Sees Adjusted Net Loss Of $27M-$37M
$SOHU
EDP Services
Technology
Business Outlook
For the second quarter of 2024, Sohu estimates:
- Brand advertising revenues to be between US$18 million and US$20 million; this implies an annual decrease of 16% to 25%, and a sequential increase of 12% to 24%.
- Online game revenues to be between US$133 million and US$143 million; this implies an annual increase of 12% to 21%, and a sequential increase of 13% to 21%.
- Non-GAAP net loss attributable to Sohu.com Limited to be between US$27 million and US$37 million; and GAAP net loss attributable to Sohu.com Limited to be between US$30 million and US$40 million.
For the second 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 RMB7.00=US$1.00 for the second quarter of 2023, and RMB7.10=US$1.00 for the first quarter of 2024.