|Bid||16.80 x 800|
|Ask||17.20 x 800|
|Day's Range||16.84 - 17.65|
|52 Week Range||6.62 - 25.71|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 09, 2021 - Aug 13, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||23.30|
Sohu.com's (SOHU) Q1 2021 results reflect benefits from higher online game revenues, along with strength in Sohu Media Portal.
Sohu.com Ltd (NASDAQ: SOHU) reported first-quarter FY21 revenue growth of 24% year-on-year to $222 million. Brand advertising revenues rose 20% Y/Y to $30.7 million from higher revenues in the portal and video advertising businesses. Online game revenues rose 32% Y/Y to $176.5 million, facilitated by the revenues from TLBB Vintage, while Revenue from Others fell 3.3% Y/Y to $14.9 million. Total average monthly active user accounts (MAU) for PC games rose 7% Y/Y to 2.3 million from the TLBB Vintage contribution, partially offset by the termination of the Warframe operation. Total average MAU for mobile games declined 40% Y/Y to 2 million, reflecting the natural declining life cycles of Changyou's older games, including Legacy TLBB Mobile and TLBB Honor. Non-GAAP gross margin expanded 1,100 basis points to 79%, and the margin for the brand advertising business rose 2,000 basis points to 20%. Online games margins jumped 1,100 basis points to 90%. Non-GAAP operating profit rose 178.9% Y/Y to $53 million. Related content: Benzinga's Full Guidance Calendar Sohu clocked adjusted income of $37 million with an adjusted EPS of $0.93, versus an $(8) million net loss in the year-ago period. Sohu held $335 million in cash and equivalents. Guidance: Sohu sees Q2 Brand advertising revenues guidance of $36 million - $40 million, Online game revenues guidance of $134 million - $144 million, and adjusted net income guidance of $8 million - $18 million. Price action: SOHU shares traded higher by 6.14% at $18.14 on the last check Friday. View more earnings on SOHU See more from BenzingaClick here for options trades from BenzingaPlantronics Shares Tumble As Q1 Guidance Falls Short Of ExpectationsLuminar Technologies Shares Gain On Q1 Revenue Beat, Strong FY21 Revenue Guidance© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Sohu.com Limited (NASDAQ: SOHU), China's leading online media, video, gaming and search business group, today reported unaudited financial results for the first quarter ended March 31, 2021.