Sohu.com's (SOHU) third-quarter 2020 results reflect decline in brand advertising revenues and online games business amid the coronavirus outbreak.
Ladies and gentlemen, thank you for standing by, and good evening. On the call are Chairman and Chief Executive Officer, Dr. Charles Zhang; CFO, Joanna Lv; and Vice President of Finance, James Deng. Except for the historical information contained herein, the matters discussed on this conference call may contain forward-looking statements.
Shares of Sohu.com (NASDAQ:SOHU) rose 1.0% in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share increased 60.47% year over year to ($0.17), which beat the estimate of ($0.41).Revenue of $158,000,000 declined by 67.24% year over year, which missed the estimate of $420,850,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: Nov 16, 2020View more earnings on SOHUTime: 07:30 AMET Webcast URL: https://engage.vevent.com/index.jsp?eid=8267&seid=297Technicals 52-week high: $25.7152-week low: $5.41Price action over last quarter: down 3.97%Company Overview Sohu.com Ltd is engaged in providing of search engines and developing of online games. The company has three operating segments namely Sohu, Sogou, and Changyou segment. Sogou provides Search and Search related business, It includes Sogou Search, Sogou Input Method, Recommendation service, Sogou Browser, Sogou Web Directory, Sogou Translation. Sogou generates revenue primarily from its search and search-related advertising services. Changyou provides games through personal computers and mobile devices, such as mobile phones and tablets, connected to the Internet. Changyou's platform channel business consists primarily of the operation of the 17173.com. Sohu's main business is the brand advertising business. It generates maximum revenue from the Sogou segment.See more from Benzinga * Click here for options trades from Benzinga * Earnings Scheduled For November 16, 2020 * Preview: Sohu.com's Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.