What's Going On With Chinese Internet Company Sohu Stock After Q1 Print?
What's Going On With Chinese Internet Company Sohu Stock After Q1 Print?
Sohu.com Limited (NASDAQ: SOHU) reported a revenue decline of 14% year-over-year to $139.4 million for the fiscal first quarter of 2024. Revenue was down by 1% Q/Q.
搜狐有限公司（纳斯达克股票代码：SOHU）报告称，2024财年第一季度的收入同比下降14％，至1.394亿美元。收入环比下降了1％。
The Chinese internet company's adjusted loss per ADS was $(0.65), missing the analyst consensus loss estimate of $(0.49).
这家中国互联网公司的调整后每股ADS亏损为0.65美元，未达到分析师共识亏损估计的美元（0.49美元）。
Brand advertising revenues declined 29% Y/Y to $16 million. Online game revenues decreased 9% Y/Y to $118 million.
品牌广告收入同比下降29％，至1,600万美元。在线游戏收入同比下降9％，至1.18亿美元。
The adjusted gross margin improved by 200 bps Y/Y to 77% and by 100 bps Q/Q. The adjusted gross margin for online games was 88% versus 85% last year and 87% in the prior quarter.
调整后的毛利率同比增长了200个基点至77％，季度增长了100个基点。调整后的在线游戏毛利率为88％，去年为85％，上一季度为87％。
Sohu held $1.3 billion in cash and equivalents as of March-end.
截至3月底，搜狐持有13亿美元的现金及等价物。
Average monthly active user accounts for Changyou PC games increased by 5% Y/Y to 2.3 million. The average MAU for Changyou mobile games grew by 71% Y/Y to 2.8 million.
畅游电脑游戏的平均每月活跃用户账户同比增长5％，达到230万。畅游手机游戏的平均月活跃用户同比增长71％，达到280万次。
Under the previously-announced share repurchase program, Sohu had repurchased ADSs worth $17 million.
根据先前宣布的股票回购计划，搜狐已经回购了价值1700万美元的ADS。
Charles Zhang, Chairman and CEO of Sohu.com Limited, commented, "For Sohu Media and Sohu Video, we continued to enhance user experience by refining products and optimizing algorithms."
搜狐有限公司董事长兼首席执行官张查尔斯评论说：“对于搜狐媒体和搜狐视频，我们继续通过完善产品和优化算法来增强用户体验。”
Outlook: Sohu expects second-quarter brand advertising revenue of $18 million – $20 million, an annual decrease of 16% – 25% Y/Y.
展望：搜狐预计第二季度品牌广告收入为1,800万美元至2000万美元，同比下降16％至25％。
It projects quarterly online game revenues growth by 12% – 21% to $133 million – $143 million. Sohu estimates a quarterly adjusted net loss of $27 million – $37 million.
它预计季度在线游戏收入将增长12％至21％，达到1.33亿美元至1.43亿美元。搜狐估计，调整后的季度净亏损为2700万美元至3700万美元。
Sohu stock gained 22% year-to-date. Investors can gain exposure to Sohu via Invesco Golden Dragon China ETF (NASDAQ:PGJ) and SPDR S&P Emerging Markets Small Cap ETF (NYSE:EWX).
搜狐股票今年迄今上涨了22％。投资者可以通过景顺金龙中国ETF（纳斯达克股票代码：PGJ）和SPDR标普新兴市场小型股ETF（纽约证券交易所代码：EWX）获得搜狐的敞口。
Price Action: SOHU shares traded lower by 0.38% at $11.89 at last check Monday.
价格走势：搜狐股价在周一最后一次检查时下跌0.38％，至11.89美元。