Sohu announced the 2022 Q2 performance: revenue of US $ 195 million in profit $ 12 million

On August 8, 2022, Sohu announced the financial report in the second quarter of 2022. According to the financial report, Sohu's total revenue in the second quarter was US $ 195 million, and the net profit was 12 million US dollars exceeded the previous expectations.

Important performance in the second quarter

· Total income was US $ 195 million, a decrease of 5%from the same period in 2021, an increase of 1%over the previous quarter.

· Brand advertising revenue was $ 25 million, a decrease of 32%from the same period in 2021, and a 5%increase from the previous quarter.

· Online game revenue was 157 million US dollars, an increase of 4%over the same period from 2021, which was the same as the previous quarter.

The net profit of the US GM accounting standards attributed to Sohu is $ 9 million. The net profit in the same period in 2021 was $ 22 million, and the net profit in the previous quarter was $ 3 million.

· The net profit of non -American GAAP, which is classified as Sohu, is $ 12 million. The net profit of the same period in 2021 was $ 25 million, and the net profit in the previous quarter was $ 9 million.

Dr. Zhang Chaoyang, the founder of Sohu, chairman and CEO of the board of directors, commented: "In the second quarter of 2022, the new crown epidemic and related prevention and control have a certain impact on economic activities across the country. Technology, exploring new commercial opportunities. In this quarter, our advertising revenue reached the upper limit of guidance. Thanks to the steady performance of the online game business, the group's profit beyond guidance expectations. It spreads reliable news and high -quality content, and consolidates Sohu's core competitiveness and credibility as a mainstream media platform. Relying on the differentiated advantages of Sohu's product matrix, we combine multi -scene activities on online and offline to expand live broadcast to broader science Field. Online game performance is stable and income meets expectations. "

Business outlook

In the third quarter of 2022, Sohu expects:

· Brand advertising revenue is between $ 25 million and $ 28 million, a decrease of 17%to 26%from the same period in 2021, and an increase of 12%from the second quarter of 2022.

· Online game revenue is between US $ 138 million and $ 148 million, a decrease of 11%to 17%from the same period in 2021, and a decrease of 6%to 12%from the second quarter of 2022.

· The net loss of non -US GAAPs, which is classified as Sohu, between US $ 35 million and $ 25 million, and the US GM accounting standards of Sohu Company are between 38 million US dollars and US $ 28 million.

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