(RTTNews) – Chinese language on-line media platform Sohu.com Ltd (SOHU) on Tuesday reported a wider loss within the fourth quarter, impacted by decrease gross sales and better value of revenues. The corporate additionally gave outlook for the primary quarter of 2025.
In the course of the three-month interval, internet loss attributable to Sohu.com Ltd was $21.29 million, or $0.69 per ADS, in comparison with a internet lack of $12.62 million or $0.37 per ADS in the identical quarter final yr.
Excluding gadgets, internet loss attributable to Sohu.com Ltd was $15.0 million, or $0.49 per ADS, in contrast with a internet lack of $10.78 million or $0.32 per share within the previous-year quarter.
Quarterly revenues got here in at $134.68 million, down 11 % from final yr’s $141.36 million.
Trying forward for the primary quarter of 2025, the corporate expects internet loss attributable to Sohu.com Ltd. between $16 million-$26 million. Adjusted internet loss attributable to Sohu.com Ltd is projected between $20 million and $30 million.
Model promoting revenues are anticipated between $13 million and $14 million; down 13%-19% from final yr. On-line recreation revenues are projected to be within the $105 million-$115 million vary, an annual lower of two% to 11%.
On the Nasdaq, within the common market hours, the inventory closed at $14.67, decrease by 1.41%. Within the after market hours, SOHU traded at $14.90, down 1.57%.
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