Sohu.com Inc, the Chinese Internet company that separately listed its online-games unit last year, said profit fell 43 percent, missing analysts’ estimates, after the spinoff cut earnings from the subsidiary.
Fourth-quarter net income declined to $32.3 million, or 76 cents a share, from $56.6 million, or $1.45, a year earlier, Sohu said in a statement today. [...]
Piracy, long a problem for foreign media companies in China, also stands to stifle innovation by the country’s own dynamic Internet industry, the chief executive of one of China’s oldest Web companies said.
Tags: Internet, Sohu
Sohu.com Inc, a major Chinese Web portal, said yesterday that quarterly earnings fell 15 percent from a year earlier on lower revenue from its online games unit, while total sales rose to a record.
Profit for the three months ended September 30 was US$34.4 million, or 88 cents per share, the Beijing-based company said. That compared [...]
Sohu.com Inc has reported a growth in second-quarter earnings with the strong performance of its online game operations.
Net income rose 16 percent to US$49 million, or 90 US cents a share. Total revenue added 25 percent year on year to reach US$127.1 million.
“Our online game sector continued to be an ideal complement to our portal [...]
Sohu.com Inc announced yesterday that its fourth-quarter profit for 2008 more than tripled from the same period a year earlier, with surging revenue from its online role-playing games and more advertising income.
Sohu’s net income for the last three months of 2008 was US$59 million, or US$1.50 per share, beating the average estimate made by a [...]
I was hoping for more of a sell off in Sohu.com (SOHU) after Friday’s “news” that after an Olympic style bump this year in their advertising business, things would return to more normal in 2009. [Jun 20: Sohu.com Sees Ad Revenue Slowing in 2009] Notable Calls blog points out that analysts have rushed to its [...]
