Sohu.Com Expects 4Q23 Brand Advertising Revenues Of $20M-$23M; Online Game Revenues Of $106M-$116M; Sees Non-GAAP Net Loss Of $10M-$20M

Author: Benzinga Newsdesk | November 13, 2023 02:43am

For the fourth quarter of 2023, Sohu estimates:

• Brand advertising revenues to be between US$20 million and US$23 million; this implies an annual decrease of 20% to 31%, and a sequential decrease of 9% to a sequential increase of 4%.
• Online game revenues to be between US$106 million and US$116 million; this implies an annual decrease of 4% to 13%, and a sequential decrease of 1% to 9%. 
• Non-GAAP net loss attributable to Sohu.com Limited to be between US$10 million and US$20 million; and GAAP net loss attributable to Sohu.com Limited to be between US$13 million and US$23 million.

For the fourth quarter 2023 guidance, the Company has adopted a presumed exchange rate of RMB7.20=US$1.00, as compared with the actual exchange rate of approximately RMB7.09=US$1.00 for the fourth quarter of 2022, and RMB7.17=US$1.00 for the third quarter of 2023.

Posted In: SOHU