Earnings Call Summary | Sohu.com(SOHU.US) Q4 2023 Earnings Conference
Earnings Call Summary | Sohu.com(SOHU.US) Q4 2023 Earnings Conference
The following is a summary of the Sohu.com Limited (SOHU) Q4 2023 Earnings Call Transcript:
Financial Performance:
Sohu.com reported Q4 2023 total revenues of $141 million, a decrease of 12% YoY and 3% sequentially.
The company reported substantial net losses with a GAAP net loss of $13 million and a Non-GAAP net loss of $11 million.
For 2023 full year, revenues stood at $601 million, reflecting an 18% decrease from 2022, and a GAAP net loss of $66 million.
The company's online game revenues decreased by 5% YoY, and its brand advertising revenues experienced a significant decrease of 30% YoY.
For Q1 2024, Sohu anticipates lower brand advertising revenues and online game revenues than the previous year, and expects to record a net loss.
Business Progress:
Sohu.com's Media Portal worked on improving user experience through technology upgrades, product refinement, and expanded premium content offerings.
The company continued its Twin Engine strategy in the online video segment.
Despite facing cautious advertisers, the company began exploring diversified monetization opportunities.
The company maintained stable revenue in its online game business and invested in features to increase player engagement.
In 2024, the Board authorized an increase in Sohu's share purchase program, and the company plans to increase spending on marketing to foster product development.
More details: Sohu.com IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
The following is a summary of the Sohu.com Limited (SOHU) Q4 2023 Earnings Call Transcript:
以下是搜狐有限公司(SOHU)2023年第四季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Sohu.com reported Q4 2023 total revenues of $141 million, a decrease of 12% YoY and 3% sequentially.
The company reported substantial net losses with a GAAP net loss of $13 million and a Non-GAAP net loss of $11 million.
For 2023 full year, revenues stood at $601 million, reflecting an 18% decrease from 2022, and a GAAP net loss of $66 million.
The company's online game revenues decreased by 5% YoY, and its brand advertising revenues experienced a significant decrease of 30% YoY.
For Q1 2024, Sohu anticipates lower brand advertising revenues and online game revenues than the previous year, and expects to record a net loss.
搜狐公佈的2023年第四季度總收入爲1.41億美元,同比下降12%,環比下降3%。
該公司報告了巨額淨虧損,GAAP淨虧損爲1,300萬美元,非GAAP淨虧損爲1,100萬美元。
2023年全年收入爲6.01億美元,比2022年下降18%,GAAP淨虧損爲6600萬美元。
該公司的在線遊戲收入同比下降了5%,其品牌廣告收入同比大幅下降了30%。
搜狐預計,2024年第一季度的品牌廣告收入和在線遊戲收入將低於上年,並預計將錄得淨虧損。
Business Progress:
業務進展:
Sohu.com's Media Portal worked on improving user experience through technology upgrades, product refinement, and expanded premium content offerings.
The company continued its Twin Engine strategy in the online video segment.
Despite facing cautious advertisers, the company began exploring diversified monetization opportunities.
The company maintained stable revenue in its online game business and invested in features to increase player engagement.
In 2024, the Board authorized an increase in Sohu's share purchase program, and the company plans to increase spending on marketing to foster product development.
搜狐的媒體門戶網站致力於通過技術升級、產品改進和擴大優質內容供應來改善用戶體驗。
該公司繼續在在線視頻領域推行雙引擎戰略。
儘管面臨謹慎的廣告商,但該公司仍開始探索多元化的獲利機會。
該公司在在線遊戲業務中保持了穩定的收入,並投資了功能以提高玩家的參與度。
2024年,董事會批准增加搜狐的股票購買計劃,該公司計劃增加營銷支出以促進產品開發。
More details: Sohu.com IR
更多詳情: 搜狐紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。
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