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
Portfolio Pulse from Benzinga Newsdesk
Sohu.com has provided its Q2 2024 guidance, expecting brand advertising revenues to decline by 16%-25% YoY, while online game revenues are projected to increase by 12%-21% YoY. The company anticipates an adjusted net loss of $27M-$37M.
May 20, 2024 | 5:20 am
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Sohu.com expects a significant decline in brand advertising revenues but a notable increase in online game revenues for Q2 2024. The company also projects an adjusted net loss of $27M-$37M.
The mixed guidance with declining brand advertising revenues and increasing online game revenues, along with a projected net loss, suggests a neutral short-term impact on SOHU's stock price.
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