Earnings

Stock News Buzz: Sohu.com Limited (NASDAQ: SOHU)

February 1, 2019

Sohu.com Limited (NASDAQ: SOHU) spotted trading -49.05% off 52-week high price. On the other end, the stock has been noted 35.05% away from the low price over the last 52-weeks. The stock changed 3.67% to recent value of $21.46. The stock transacted 765869 shares during most recent day however it has an average volume of 430.05K shares. The company has 37.59M of outstanding shares and 30.47M shares were floated in the market.  

Sohu.com Limited (NASDAQ: SOHU) declared unaudited financial results for the fourth quarter and fiscal year ended December 31, 2018.

Fourth Quarter Highlights

  • Total revenues were US$482 million, down 5% year-over-year and up 5% quarter-over-quarter.
  • Brand advertising revenues were US$57 million, down 20% year-over-year and flat quarter-over-quarter.
  • Search and search related advertising revenues were US$277 million, up 12% year-over-year and 8% quarter-over-quarter.
  • Online game revenues were US$94 million, down 14% year-over-year and 2% quarter-over-quarter.
  • Operating loss for Sohu Video was US$30 million, compared with a loss of US$69 million in the fourth quarter 2017.
  • GAAP net income attributable to Sohu.com Limited was US$15 million, compared with a net loss of US$295 millionin the fourth quarter of 2017.
  • Non-GAAP net loss attributable to Sohu.com Limited was US$59 million, compared with a net loss of US$78 million in the fourth quarter of 2017.
  • In the fourth quarter of 2018, Changyou recognized a US$16 million charge for goodwill impairment. Excluding the effect of this goodwill impairment charge, non-GAAP net loss attributable to Sohu.com Limited would have been US$48 million.

Fiscal Year 2018 Highlights

  • Total revenues were US$1.88 billion, up 1% compared with 2017.
  • Brand advertising revenues were US$232 million, down 26% compared with 2017. 
  • Search and search related advertising revenues were US$1.02 billion, up 28% compared with 2017.
  • Online game revenues were US$390 million, down 13% compared with 2017.
  • Operating loss for Sohu Video was US$140 million, compared with a loss of US$302 million in 2017.
  • GAAP net loss attributable to Sohu.com Limited was US$161 million, compared with a net loss of US$556 million in 2017. Non-GAAP net loss attributable to Sohu.com Limited was US$237 million, compared with a net loss of US$310 million in 2017.

Fourth Quarter Financial Results 

Revenues

Total revenues for the fourth quarter of 2018 were US$482 million, down 5% year-over-year and up 5% quarter-over-quarter.

Total online advertising revenues, which include revenues from the brand advertising and search and search-related advertising businesses, for the fourth quarter of 2018 were US$334 million, up 5% year-over-year and 7% quarter-over-quarter.

Brand advertising revenues for the fourth quarter of 2018 totaled US$57 million, down 20% year-over-year and flat quarter-over-quarter. The year-over-year decrease was mainly due to decreases in video and real estate advertising revenues.

Search and search-related advertising revenues for the fourth quarter of 2018 were US$277 million, up 12% year-over-year and 8% quarter-over-quarter.

Online game revenues for the fourth quarter of 2018 were US$94 million, down 14% year-over-year and 2% quarter-over-quarter. The year-over-year decrease was due to the natural decline in revenue of the Company’s older games, including Legacy TLBB Mobile.

Fiscal Year 2018 Financial Results

Revenues

Total revenues for 2018 were US$1.88 billion, up 1% compared with 2017.

Total online advertising revenues, which include revenues from the brand advertising and search and search-related advertising businesses, for 2018 were US$1.25 billion, up 12% compared with 2017.

Brand advertising revenues for 2018 were US$232 million, down 26% compared with 2017. The decrease was mainly due to declines in portal, video and real estate advertising revenues.

Search and search-related advertising revenues for 2018 were US$1.02 billion, up 28% compared with 2017.

Online game revenues for 2018 were US$390 million, down 13% compared with 2017. The year-over-year decrease was mainly from Legacy TLBB Mobile, which was launched in the second quarter of 2017, and TLBB 3D.

 Its earnings per share (EPS) expected to touch remained -243.70% for this year while earning per share for the next 5-years is expected to reach at 5.17%. SOHU has a gross margin of 43.90% and an operating margin of -8.00% while its profit margin remained -24.50% for the last 12 months. 

 According to the most recent quarter its current ratio was 2 that represents company’s ability to meet its current financial obligations. The price moved ahead of 12.99% from the mean of 20 days, 8.81% from mean of 50 days SMA and performed -16.28% from mean of 200 days price. Company’s performance for the week was 7.89%, 20.22% for month and YTD performance remained 23.19%.

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