3q20’s total revenue was 158 million US dollars, with a year-on-year loss reduction of nearly 80% From Sohu
RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.
The following is the 3q20’s total revenue was 158 million US dollars, with a year-on-year loss reduction of nearly 80% From Sohu recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Search Engines, News portal, Internet Entertainment.
On November 16, 2020, Sohu released its third quarter financial report in 2020. Sohu’s revenue in the third quarter was $158 million, including $41 million in brand advertising revenue, up 8% month on month.
Main results in the third quarter
Total revenue was $158 million.
Brand advertising revenue was $41 million, up 8% from the previous quarter.
Online game revenue was $101 million.
The net loss of non US GAAP going concern business attributable to Sohu company was US $7 million, with a year-on-year decrease of more than 76%.
Zhang Chaoyang, chairman and CEO of Sohu, commented: “in the third quarter of 2020, we continued to optimize products, improve technology, improve the quality of high-quality content and optimize its distribution, further consolidating our core competitiveness and public trust. At the same time, we continue to explore differentiated opportunities for innovation and commercialization. With the help of the increasingly mature Sohu Video app and its advanced live broadcast technology, we have successfully held a number of innovative content marketing activities covering Sohu media and Sohu Video’s full matrix products. These activities effectively enhance the interaction between users and get good feedback from advertisers. At present, the macroeconomic environment is still challenging, but this quarter, our brand advertising revenue reached the upper limit previously expected, with a month on month increase of 8%. In the third quarter, Changyou’s online game business performed well and its revenue exceeded previous expectations. “
Business outlook
In the fourth quarter of 2020, driven by the growth of game business and the stable performance of Sohu business, Sohu is expected to return to profitability. The non US GAAP net profit attributable to Sohu is between us $15 million and US $25 million.
Sohu’s expected net profit of q2.40 billion yuan The impact of the epidemic is short-term: in 2019, the total revenue of Sohu was 1.85 billion US dollars, with a year-on-year growth of 2%. In the third quarter, Sohu portal continued to decline, and its search business was affected by supervision. Data read Sohu’s 1q17 financial report: Game cows are out of business, Sogou is recovering, video is a drag. Netease: 2q20 net profit is 5.2 billion yuan, up 33.3% year on year. Changyou: 4q19 net profit is $59 million With a year-on-year growth of 123%. Zhang Chaoyang: Ott will surely replace the digital TV business, and the broadband operators struggle to move forward. Sohu Video: the number of male losers has reached 1.5 billion times, and two self-made dramas relay YouGov: in the first week of its launch, “world of Warcraft” received 47.1 million hours on twitter. Tencent: the total revenue of 1q20 reached 108.065 billion yuan Analysis on the change and invariance of Sohu, Sina and Netease
If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.
