The following is the The revenue of 4q20 is 253 million US dollars, and that of 2020 is 750 million US dollars From Sohu recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Investment & Economy, News portal, Mobile Internet.
On February 7, 2021, Sohu released its financial report for the fourth quarter of 2020. According to the financial report, Sohu’s revenue in the fourth quarter was US $253 million, up 34% year on year.
Throughout 2020, Sohu’s total revenue will be $750 million, an increase of 11% over 2019. The net loss was $55 million. After deducting the impact of withholding income tax in the second quarter of 2020, Changyou’s net profit was $33 million, compared with a net loss of $157 million in 2019. Based on non GAAP, after deducting the impact of Changyou’s withholding income tax, the net profit is US $51 million, while the net loss in 2019 is US $128 million.
Brand advertising revenue was 42 million US dollars, which was the same as that in the same period of 2019, with an increase of 2% over the previous quarter; online game revenue was 196 million US dollars, with an increase of 49% over the same period of 2019, with an increase of 94% over the previous quarter;
Zhang Zhaoyang, chairman and CEO of Sohu, said: “the outbreak of New Coronavirus epidemic and the weakness of macro-economy brought great challenges to the fourth quarter of 2020 and the whole year. Nevertheless, we achieved a profit of US $53 million in the quarter, far exceeding our previous expectations, through continuous product innovation and technology upgrading, improved commercialization efficiency and strict cost control. For the whole year of 2020, after deducting the impact of income tax withholding in the second quarter of 2020, we also achieved an annual profit of US $51 million. In terms of Sohu media and Sohu Video, we are continuously committed to producing and distributing real-time and reliable news and high-quality content to consolidate the core competitiveness and credibility of Sohu as a mainstream media platform. We continuously iterate on live video, integrate it into Sohu matrix, and widely apply it to a variety of content marketing activities, which further drives the media value upgrade of Sohu media portal and video. Thanks to our continuous efforts, brand advertising revenue in the fourth quarter reached the upper limit previously expected. In terms of Changyou, due to the robust performance of Tianlong eight end game nostalgic service launched in this quarter, the online game business performed well, and the revenue exceeded the expected upper limit. “
Sohu: 1q20 Revenue $436 million, loss narrowed by more than 60% year on year Phoenix New Media: 1q20 net loss of 75.9 million yuan, year on year narrowed Sohu: 2019 Total Revenue $1.85 billion, year on year growth of 2% Sohu: 2q20 Revenue $421 million, net profit $12 million Sohu: 3q20 Total Revenue $158 million Netease: 1q20 net profit 3.5 billion yuan, exceeding market expectation Netflix: 1q20 net profit 709 million US dollars, doubling year on year Beyond expectations iqiyi: total revenue of 2q20 is 7.4 billion yuan, up 4% year on year Changyou: net profit of 4q19 is 59 million US dollars, up 123% year on year GP.Bullhound : eight pictures of online media report in the fourth quarter of 2019 to understand the changes and invariance of Sohu, Sina and Netease
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