Sohu.com Limited Q4 PC Games, Total Average MAU Were 2.3M An Increase Of 2% YoY; Mobile Games, Total Average MAU Were 1.7M A Decrease Of 4% YoY
Portfolio Pulse from Benzinga Newsdesk
Sohu.com Limited reported its Q4 2023 operating results, showing a mixed performance in its gaming division. PC games MAU increased by 2% YoY to 2.3 million, while mobile games MAU decreased by 4% YoY to 1.7 million. The decrease in mobile games was attributed to the natural decline of older games, partially offset by the launch of New TLBB Mobile. However, both PC and mobile games saw a decrease in active paying accounts, with PC games APA down 4% YoY and mobile games APA down 14% YoY.
March 04, 2024 | 5:44 am
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Sohu.com Limited's Q4 2023 results show a mixed performance in its gaming division, with an increase in PC games MAU but a decrease in mobile games MAU and APA for both segments.
The mixed results in Sohu.com's gaming division, with an increase in PC games MAU but a decrease in mobile games MAU and APA, suggest a neutral short-term impact on the stock. The increase in PC games MAU is positive, but the decrease in mobile games MAU and APA for both segments could concern investors. The overall impact is neutral due to these offsetting factors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100