Feb. 9 at 12:54 PM
$SOHU
🚨 🚨 🚨
Full-year revenues were
$584 million, down 2% from 2024, as marketing services fell to
$60 million (down 18%) while online game revenues edged up 1% to
$506 million.
Full-year GAAP operating loss narrowed to
$94 million, and non-GAAP operating loss to
$55 million, as non-GAAP operating expenses declined 6%.
Q4 revenues reached
$142 million, up 6% year-over-year but down 21% sequentially.
A goodwill impairment of about
$37 million drove a GAAP operating loss of
$66 million.
A revision of Changyou’s dividend policy triggered a reversal of roughly
$285 million in previously accrued withholding tax, leading to a Q4 GAAP income tax benefit of
$280 million and full-year
Cash, equivalents, short-term investments and long-term time deposits totaled about
$1.2 billion at December 31 2025.
Sohu had repurchased 8.1 million ADSs for approximately
$106 million under its up to
$150 million buyback program as of February 5 2026.
