Sohu.Com For Q3 Expects Brand Ad Revenues Of $17M-$19M Down 14%-23% YoY, Online Game Revenues $104M-$114M Down 3%-11% YoY; Adjusted Net Loss Of $(30)M-$(40)M
Portfolio Pulse from Benzinga Newsdesk
Sohu.com expects a significant decline in both brand advertising and online game revenues for Q3 2024, along with a substantial net loss.
August 05, 2024 | 8:44 am
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Sohu.com expects Q3 2024 brand advertising revenues to decline by 14%-23% YoY and online game revenues to drop by 3%-11% YoY. The company also anticipates a non-GAAP net loss of $30M-$40M.
The significant decline in both brand advertising and online game revenues, coupled with a substantial net loss, indicates a challenging quarter for Sohu.com. This is likely to negatively impact the stock price in the short term.
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