Sohu Q3 2012 Profit Falls 47% YoY
Sohu, 11/5/12
Chinese Internet firm Sohu (Nasdaq: SOHU) has announced its unaudited financial results for the third quarter of 2012. Total revenues for Q3 2012 were USD 285 mln, up 23% YoY and 12% QoQ.
GAAP net income attributable to Sohu was USD 24 mln, down 47% YoY and up 123% QoQ.
Total online advertising revenues, which include revenues from brand advertising and search and others businesses for the third quarter of 2012, were USD 113 mln, up 19% YoY and 15% QoQ.
Brand advertising revenues for the third quarter of 2012 totaled USD 78 mln, up 2% YoY and 12% QoQ.
Search and others revenues for the third quarter of 2012 were USD 35 mln, up 92% YoY and 23% QoQ. The YoY increase was mainly due to increased traffic and improved monetization of traffic.
Online game revenues for the third quarter of 2012 were USD 151 mln, up 30% YoY and 10% QoQ.
Wireless revenues for the third quarter of 2012 were USD 14 mln, up 1% YoY and down 8% QoQ.
For the fourth quarter of 2012, Sohu estimates total revenues to be between USD 288 mln and USD 293 mln. The company estimates Q4 2012 non-GAAP net income attributable to Sohu to be between USD 23 mln and USD 25 mln.
Keywords: SP WVAS search advertising Internet profit wireless online advertising Sohu Q3 2012 online gaming revenue fiscal report online search
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