What's Going On With Chinese Internet Company Sohu Stock After Q1 Print?
What's Going On With Chinese Internet Company Sohu Stock After Q1 Print?
Sohu.com Limited (NASDAQ: SOHU) reported a revenue decline of 14% year-over-year to $139.4 million for the fiscal first quarter of 2024. Revenue was down by 1% Q/Q.
搜狐有限公司（納斯達克股票代碼：SOHU）報告稱，2024財年第一季度的收入同比下降14％，至1.394億美元。收入環比下降了1％。
The Chinese internet company's adjusted loss per ADS was $(0.65), missing the analyst consensus loss estimate of $(0.49).
這家中國互聯網公司的調整後每股ADS虧損爲0.65美元，未達到分析師共識虧損估計的美元（0.49美元）。
Brand advertising revenues declined 29% Y/Y to $16 million. Online game revenues decreased 9% Y/Y to $118 million.
品牌廣告收入同比下降29％，至1,600萬美元。在線遊戲收入同比下降9％，至1.18億美元。
The adjusted gross margin improved by 200 bps Y/Y to 77% and by 100 bps Q/Q. The adjusted gross margin for online games was 88% versus 85% last year and 87% in the prior quarter.
調整後的毛利率同比增長了200個點子至77％，季度增長了100個點子。調整後的在線遊戲毛利率爲88％，去年爲85％，上一季度爲87％。
Sohu held $1.3 billion in cash and equivalents as of March-end.
截至3月底，搜狐持有13億美元的現金及等價物。
Average monthly active user accounts for Changyou PC games increased by 5% Y/Y to 2.3 million. The average MAU for Changyou mobile games grew by 71% Y/Y to 2.8 million.
暢遊電腦遊戲的平均每月活躍用戶賬戶同比增長5％，達到230萬。暢遊手機遊戲的平均月活躍用戶同比增長71％，達到280萬次。
Under the previously-announced share repurchase program, Sohu had repurchased ADSs worth $17 million.
根據先前宣佈的股票回購計劃，搜狐已經回購了價值1700萬美元的ADS。
Charles Zhang, Chairman and CEO of Sohu.com Limited, commented, "For Sohu Media and Sohu Video, we continued to enhance user experience by refining products and optimizing algorithms."
搜狐有限公司董事長兼首席執行官張查爾斯評論說：“對於搜狐媒體和搜狐視頻，我們繼續通過完善產品和優化算法來增強用戶體驗。”
Outlook: Sohu expects second-quarter brand advertising revenue of $18 million – $20 million, an annual decrease of 16% – 25% Y/Y.
展望：搜狐預計第二季度品牌廣告收入爲1,800萬美元至2000萬美元，同比下降16％至25％。
It projects quarterly online game revenues growth by 12% – 21% to $133 million – $143 million. Sohu estimates a quarterly adjusted net loss of $27 million – $37 million.
它預計季度在線遊戲收入將增長12％至21％，達到1.33億美元至1.43億美元。搜狐估計，調整後的季度淨虧損爲2700萬美元至3700萬美元。
Sohu stock gained 22% year-to-date. Investors can gain exposure to Sohu via Invesco Golden Dragon China ETF (NASDAQ:PGJ) and SPDR S&P Emerging Markets Small Cap ETF (NYSE:EWX).
搜狐股票今年迄今上漲了22％。投資者可以通過景順金龍中國ETF（納斯達克股票代碼：PGJ）和SPDR標普新興市場小型股ETF（紐約證券交易所代碼：EWX）獲得搜狐的敞口。
Price Action: SOHU shares traded lower by 0.38% at $11.89 at last check Monday.
價格走勢：搜狐股價在週一最後一次檢查時下跌0.38％，至11.89美元。
譯文內容由第三人軟體翻譯。