SOHU Incurs Wider-Than-Expected Loss in Q1 on Lower Revenues
- Sohu.com Limited reported soft Q1 2024 results with lower revenues due to government regulations. - Operating loss widened year-over-year with bottom line missing Zacks Estimate. - Revenue breakdown shows declines in Brand Advertising and Online Games. - Sohu projects Q2 2024 non-GAAP net loss between $27-$37 million. - Sohu had $318.7 million in cash and cash equivalents as of Mar 31, 2024. Price Impact Rating: bearish Impact Horizon Rating: short-term Type: Earnings
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