Jefferies upgraded Sohu.com from Hold to Buy and set a new price target of $28.00 from $23.50 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/10/2021 | $23.50 → $28.00 | Hold → Buy | Jefferies |
Jefferies upgraded Sohu.com from Hold to Buy and set a new price target of $28.00 from $23.50 previously
U.S. stocks traded mixed toward the end of trading, with the Dow Jones index falling more than 150 points on Monday. The Dow traded down 0.43% to 39,831.18 while the NASDAQ rose 0.53% to 16,775.01. The S&P 500 also rose, gaining, 0.09% to 5,307.88. Check This Out: Top 3 Financial Stocks That Are Set To Fly This Quarter Leading and Lagging SectorsInformation technology shares rose by 1.3% on Monday. In trading on Monday, financial shares fell by 0.7%. Top Headline Shares of Sohu.com Limited (NASDAQ:SOHU) edged higher on Monday after the company reported its results for the fiscal first quarter of 2024. Sohu.com reported a revenue decline of 14% year-over-year to $139.4 m
Sohu.com Limited (NASDAQ: SOHU) reported a revenue decline of 14% year-over-year to $139.4 million for the fiscal first quarter of 2024. Revenue was down by 1% Q/Q. The Chinese internet company's adjusted loss per ADS was $(0.65), missing the analyst consensus loss estimate of $(0.49). Brand advertising revenues declined 29% Y/Y to $16 million. Online game revenues decreased 9% Y/Y to $118 million. The adjusted gross margin improved by 200 bps Y/Y to 77% and by 100 bps Q/Q. The adjusted gross margin for online games was 88% versus 85% last year and 87% in the prior quarter. Sohu held $1.3 billion in cash and equivalents as of March-end. Average monthly active user accounts f
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
6-K - Sohu.com Ltd (0001734107) (Filer)
6-K - Sohu.com Ltd (0001734107) (Filer)
6-K - Sohu.com Ltd (0001734107) (Filer)
BEIJING, Nov. 12, 2024 /PRNewswire/ -- Sohu.com Limited (NASDAQ:SOHU) ("Sohu" or the "Company"), a leading Chinese online media, video, and game business group, today reported unaudited financial results for the third quarter ended September 30, 2024. Third Quarter Highlights[1] Total revenues were US$152 million, up 5% year-over-year and down 12% quarter-over-quarter.Brand advertising revenues were US$19 million, down 15% year-over-year and 6% quarter-over-quarter.Online game revenues were US$128 million, up 9% year-over-year and down 13% quarter-over-quarter.GAAP net loss at
BEIJING, Oct. 29, 2024 /PRNewswire/ -- Sohu.com Limited (NASDAQ:SOHU), a leading Chinese online media, video and game business group, will report its third quarter 2024 unaudited financial results on Tuesday, November 12, 2024, before U.S. market hours. Sohu's management team will host a conference call on the same day at 7:30 a.m. U.S. Eastern Time, November 12, 2024 (8:30 p.m. Beijing/Hong Kong time, November 12, 2024) following the quarterly results announcement. Conference Call Preregistration Participants can register for the conference call by click here, you will be led
BEIJING, Aug. 12, 2024 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that Mr. Alex Wu, President, Chief Financial Officer and Director of the Company, resigned from the Company for personal reasons, effective August 9, 2024. The Company has appointed Mr. Steven Sim to succeed Mr. Wu as Chief Financial Officer, effective August 12, 2024. Mr. Wu will continue to serve in an advisory role until November 8, 2024, to ensure an orderly and effective transition. "I want to thank Alex for his many contributions to NaaS. We are grateful for the counsel and leadership he has provided, and we wi
BEIJING, Aug. 12, 2024 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that Mr. Alex Wu, President, Chief Financial Officer and Director of the Company, resigned from the Company for personal reasons, effective August 9, 2024. The Company has appointed Mr. Steven Sim to succeed Mr. Wu as Chief Financial Officer, effective August 12, 2024. Mr. Wu will continue to serve in an advisory role until November 8, 2024, to ensure an orderly and effective transition. "I want to thank Alex for his many contributions to NaaS. We are grateful for the counsel and leadership he has provided, and we wi
BEIJING, Nov. 12, 2024 /PRNewswire/ -- Sohu.com Limited (NASDAQ:SOHU) ("Sohu" or the "Company"), a leading Chinese online media, video, and game business group, today reported unaudited financial results for the third quarter ended September 30, 2024. Third Quarter Highlights[1] Total revenues were US$152 million, up 5% year-over-year and down 12% quarter-over-quarter.Brand advertising revenues were US$19 million, down 15% year-over-year and 6% quarter-over-quarter.Online game revenues were US$128 million, up 9% year-over-year and down 13% quarter-over-quarter.GAAP net loss at
BEIJING, Oct. 29, 2024 /PRNewswire/ -- Sohu.com Limited (NASDAQ:SOHU), a leading Chinese online media, video and game business group, will report its third quarter 2024 unaudited financial results on Tuesday, November 12, 2024, before U.S. market hours. Sohu's management team will host a conference call on the same day at 7:30 a.m. U.S. Eastern Time, November 12, 2024 (8:30 p.m. Beijing/Hong Kong time, November 12, 2024) following the quarterly results announcement. Conference Call Preregistration Participants can register for the conference call by click here, you will be led
BEIJING, Aug. 5, 2024 /PRNewswire/ -- Sohu.com Limited (NASDAQ:SOHU) ("Sohu" or the "Company"), a leading Chinese online media, video, and game business group, today reported unaudited financial results for the second quarter ended June 30, 2024. Second Quarter Highlights Total revenues were US$172 million, up 13% year-over-year and 24% quarter-over-quarter.Brand advertising revenues were US$20 million, down 17% year-over-year and up 24% quarter-over-quarter.Online game revenues were US$147 million, up 24% year-over-year and 25% quarter-over-quarter.GAAP net loss attributable
SC 13G/A - Sohu.com Ltd (0001734107) (Subject)
SC 13D/A - Sohu.com Ltd (0001734107) (Subject)
SC 13D/A - Sohu.com Ltd (0001734107) (Subject)