Sohu.com's total revenue in the third quarter was $0.152 billion.
On November 12, 2024, Sohu.com announced its financial report for the third quarter of 2024. The report shows that Sohu.com's total revenue in the third quarter was $0.152 billion, a 5% increase from the same period in 2023. Among them, brand advertising revenue was $19 million, and online game revenue was $0.128 billion.
Zhang Chaoyang, the founder, chairman of the board of directors, and CEO of Sohu.com, said: 'In the third quarter of 2024, our brand advertising revenue exceeded expectations, online game revenue and net loss were better than expected.'
The financial report shows that in the third quarter of 2024, Sohu.com's total revenue was $0.152 billion. Under non-US GAAP, the net loss attributed to Sohu.com was $12 million, which was better than expected. Previously, Sohu.com estimated a loss between $30 million and $40 million for the third quarter.
Looking at the overall business, 'In terms of Sohu Media and Sohu Video, while continuously improving products, optimizing user experience, integrating resources, and organizing a variety of special projects and marketing activities. This has effectively promoted social interaction between users, enhanced brand influence, and obtained more commercial opportunities. Thanks to high-quality content updates and stable game operations, the online gaming business performance exceeded expectations,' said Zhang Chaoyang.