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Sohu Clocks 5% Revenue Decline In Q2

Sohu Clocks 5% Revenue Decline In Q2

搜狐第二季度营收下降5%
Benzinga Real-time News ·  2022/08/08 18:40
  • Sohu.com Limited (NASDAQ:SOHU) reported a second-quarter FY22 revenue decline of 5% year-on-year to $195 million. Revenue was up 1% Q/Q.
  • Brand advertising revenues declined 32% Y/Y to $25 million. 
  • Online game revenues increased 4% Y/Y to $157 million.
  • The non-GAAP gross margin was 73%, contracting 300 basis points Y/Y and declining 200 basis points sequentially. The non-GAAP gross margin for online games was 84% versus 89% last year and 86% in the prior quarter.
  • GAAP earnings per ADS were $0.25. Non-GAAP earnings per ADS were $0.36.
  • Sohu held $1.46 billion in cash and equivalents.
  • Average monthly active user accounts for Changyou PC games decreased 7% Y/Y to 2.3 million. Average MAU for Changyou mobile games rose 7% Y/Y to 2 million.
  • Charles Zhang, Chairman and CEO of Sohu.com, commented, "In the second quarter of 2022, COVID-19 and related prevention measures disrupted normal economic activity nationwide. We met the challenge proactively by refining our products and technology and exploring a range of monetization opportunities. Our brand advertising revenue met the high end of our previous guidance during the quarter. Thanks to the solid performance of our online game business, our profitability exceeded guidance."
  • Outlook: Sohu sees Q3 brand advertising revenue decrease 17%-26% Y/Y to $25 million - $28 million.
  • It sees Q3 online game revenues decline of 11%-17% Y/Y to $138 million - $148 million.
  • Sohu estimates to report a loss on both GAAP and non-GAAP basis.
  • Price Action: SOHU shares closed higher by 0.24% at $16.70 on Friday.
  • 搜狐有限公司纳斯达克(Sequoia Capital：SOHU)公布，其22财年第二季度营收为1.95亿美元，同比下降5%。营收环比增长1%。
  • 品牌广告收入同比下降32%，至2500万美元。
  • 网络游戏收入同比增长4%，达到1.57亿美元。
  • 非公认会计准则毛利率为73%，同比收缩300个基点，环比下降200个基点。网络游戏的非公认会计准则毛利率为84%，而去年为89%，上一季度为86%。
  • 美国通用会计准则的每股美国存托股份收益为0.25美元。非公认会计准则每股美国存托股份收益为0.36美元。
  • 搜狐持有14.6亿美元现金及现金等价物。
  • 畅游的平均月活跃用户帐号 个人电脑游戏同比下降7%，至230万。畅游的平均MAU 手机游戏同比增长7%，达到200万。
  • 搜狐董事长兼首席执行官张朝阳表示：“2022年第二季度，新冠肺炎及相关防范措施扰乱了全国范围内的正常经济活动。我们通过改进产品和技术，探索一系列盈利机会，积极应对挑战。本季度，我们的品牌广告收入达到了之前指引的高端。得益于我们网络游戏业务的稳健表现，我们的盈利能力超出了指引。”
  • 展望：搜狐预计第三季度品牌广告收入同比下降17%-26%，至2500万-2800万美元。
  • 该公司预计第三季度网络游戏收入同比下降11%-17%，至1.38亿-1.48亿美元。
  • 搜狐预计将同时在公认会计准则和非公认会计准则基础上报告亏损。
  • 价格行动：搜狐股价周五收高0.24%，报16.70美元。

译文内容由第三方软件翻译。


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