Sohu.com
Sohu.com Inc. is a Chinese internet portal providing news, information, entertainment and communication. The Company's business consists of advertising business and non-advertising business. Its advertising business comprises brand advertising and sponsored search services. Sohu's non-advertising business principally includes online games and wireless value-added services. The Company's advertising business offers content to its users free of charge and provides advertising services to advertisers on its matrix of Chinese language Web properties consisting of www.sohu.com, a mass portal and online media destination; www.17173.com, a games information portal; www.focus.cn, a real estate Website; www.chinaren.com, an online alumni club, and www.sogou.com, an interactive search engine. The Company operates two massively multi-player online role-playing games (MMORPG games), Tian Long Ba Bu (TLBB) and Blade Online (BO).
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Sohu.com full year revenues hit US$515 million
Online media, communications, search and gaming group, Sohu.com Inc (NASDAQ: SOHU) reported a 20% increase in year-over-year (YoY) revenues to US$515.2
million and a doubling in its cash balance to US$563.8 million.
The
company was reporting both fourth quarter and full year revenues for
the 3 and 12 month period ending 31 December 2009. The results were in
line with guidance, but nonetheless underlined the continued strong
growth profile of online businesses operating in China.
Total
revenues for Q4 rose 12% to US$135.8 million, helping to lift full year
revenues by 20% to US$515.2 million. Sohu.com reported record full
year revenues in every business segment; brand advertising rose 5% to
US$177.1 million, online game revenues jumped 33% to US$267.6 million
and wireless revenues climbed 29% to US$60.8 million. Full year GAAP
net income rose 11% to US$176.4 million, while total gross margins
increased by 1% to 76%.
Dr. Charles Zhang, Chairman and CEO of Sohu, commented, "We are
pleased to report another quarter of solid financial results built on
the accomplishments of an exceptional year which saw us deliver record
results along with an enormously successful listing of our MMORPG
subsidiary Changyou. Effective business strategies and high-quality
products have allowed Sohu to overcome the sluggish economy of 2009 and
gain market share in many of our key business segments.
"We continue to position ourselves for long-term and sustainable
growth through ongoing investments in our two complementary core
businesses, namely our portal business and online game business. We
believe our emphasis on securing and developing leading internet video
content and technologies will drive impressive growth in both users and
advertising revenues in 2010. Our persistent efforts in fighting online
video piracy have started to bear fruit and have made Sohu the partner
of choice for leading global and local media companies. Our online game
business also continues to deliver impressive results and progress.
While our three healthy and growing existing games continue to deliver
solid revenues, our highly anticipated and diverse 2010 pipeline of
five games will bring us increasing momentum in the coming quarters.
Our second in-house developed game Duke of Mount Deer, one of the most
anticipated online games in China, is progressing smoothly."
For the first quarter of 2010 Sohu.com is estimating total revenues of US$123-128 million.
Other Sohu.com news
- Sohu.com third quarter profit up 21pct
2009-10-26 - Sohu launches social networking space
2009-07-20
