Sohu Com Ltd Stock Price, News & Analysis

Sohu.com Limited (NASDAQ: SOHU), a leading online media and gaming enterprise in China, has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC. The report, detailing audited consolidated financial statements, is accessible on the company's investor relations site and can be requested in hard copy by shareholders. Celebrating 25 years, Sohu operates an extensive network of web properties, including gaming and search platforms, and has established itself as a vital part of daily life for millions in China.

Sohu.com Limited (NASDAQ: SOHU) reported strong financial results for Q4 and FY 2020. Total revenues increased by 34% YoY to $253 million in Q4, driven by a 49% rise in online game revenues. The company achieved a net income of $47 million, reversing losses from the previous year. For FY 2020, total revenues rose by 11% to $750 million, with online games contributing $537 million. The outlook for Q1 2021 anticipates brand advertising revenues between $27-32 million and online game revenues between $137-147 million, reflecting ongoing pandemic uncertainties.

Sohu.com Limited (NASDAQ: SOHU) is set to announce its fourth quarter and fiscal year 2020 unaudited financial results on February 4, 2021, before U.S. market hours. Following the report, management will host a conference call at 7:30 a.m. ET the same day. Due to COVID-19 precautions, preregistration for the call is required. The results will be available on the company’s Investor Relations website.

Sohu.com Limited (NASDAQ: SOHU) reported its Q3 2020 financial results, showing total revenues of US$158 million, down 6% year-over-year. Brand advertising revenues were US$41 million, also down 11% year-over-year, while online game revenues reached US$101 million, down 6%. The net loss from continuing operations was US$15 million, improved from US$33 million last year. Sohu's gross margin stood at 66%. Going forward, Q4 2020 estimates suggest brand advertising revenues between US$37 million and US$42 million, while online game revenues are expected between US$140 million and US$150 million.

Sohu.com Limited (NASDAQ: SOHU), a leading online media and gaming group in China, is set to disclose its third quarter 2020 unaudited financial results on November 16, 2020, before U.S. market hours. On the same day at 7:30 a.m. ET, a conference call will follow the announcement. Due to COVID-19, preregistration is required for call participants. The results will be accessible on Sohu's investor relations page post-announcement. Sohu remains a significant player in online media, search, and gaming in China.

Sohu.com Limited (NASDAQ: SOHU) announced that its subsidiary Sogou Inc. (NYSE: SOGO) has entered a definitive agreement to merge with Tencent Parties in an all-cash transaction, making Sogou an indirect wholly-owned subsidiary of Tencent. This merger will occur at $9.00 per share, providing a 56.5% premium over Sogou's last closing price before the proposal. Sohu will receive approximately $1.18 billion from the sale of its Sogou shares. The merger is expected to close in Q4 2020, after which Sogou ADSs will no longer be traded on the NYSE.

Sohu.com Limited (NASDAQ: SOHU) reported its second-quarter financial results for 2020, showcasing total revenues of US$421 million, a decline of 9% year-over-year. Brand advertising revenues dropped 14% year-over-year, although they increased 48% quarter-over-quarter. The company experienced a GAAP net loss of US$80 million. However, excluding a one-time tax accrual, the adjusted net income stood at US$8 million. Sohu forecasts Q3 brand advertising revenues between US$37 million and US$42 million. The ongoing effects of COVID-19 remain a concern.

Sohu.com Limited (NASDAQ: SOHU) announced that its subsidiary, Sogou Inc. (NYSE: SOGO), received a non-binding acquisition proposal from Tencent Holdings Limited. The proposal offers $9.00 per share, representing a premium of approximately 56.5% over Sogou's closing share price on July 24, 2020. If accepted, Sogou would become a wholly-owned subsidiary of Tencent, and its shares would be delisted. Sohu's board has yet to evaluate the proposal, and Tencent plans to finance the acquisition entirely with cash on hand.

Sohu.com Limited (NASDAQ: SOHU), a major online media and gaming group in China, will announce its second quarter 2020 unaudited financial results on August 10, 2020, before U.S. markets open. The management team will host a conference call on the same day at 7:30 a.m. ET. Due to COVID-19, pre-registration for the call is required, with details available online. A replay will be accessible from 10:30 a.m. ET on August 10 through August 18, 2020. Sohu is renowned for its online media, search engine, and gaming services, significantly impacting the daily lives of millions in China.