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- Sohu.com press release (NASDAQ:SOHU): Q4 Non-GAAP EPADS of -$0.32.
- Revenue of $141M (-12% Y/Y)
- rand advertising revenues were US$20 million, down 30% year-over-year and 9% quarter-over-quarter.
- Online game revenues were US$115 million, down 5% year-over-year and 2% quarter-over-quarter.
- GAAP net loss attributable to Sohu.com was US$13 million, compared with a net loss of US$7 million in the fourth quarter of 2022 and a net loss of US$14 million in the third quarter of 2023.
- Non-GAAPnet loss attributable to Sohu.com Limited was US$11 million, compared with a net loss of US$2 million in the fourth quarter of 2022 and a net loss of US$10 million in the third quarter of 2023.
- Both GAAP and non-GAAP gross margin were 76%, compared with 78% in the fourth quarter of 2022 and 76% in the third quarter of 2023.
- Outlook Q1 2024: Brand advertising revenues to be between US$15 million and US$17 million; this implies an annual decrease of 25% to 33%, and a sequential decrease of 16% to 26%; Online game revenues to be between US$110 million and US$120 million; this implies an annual decrease of 7% to 15%, and a sequential decrease of 4% to a sequential increase of 5%; Non-GAAP net loss attributable to Sohu.com Limited to be between US$23 million and US$33 million; and GAAP net loss attributable to Sohu.com Limited to be between US$26 million and US$36 million.