에 대한 최신 뉴스 Sohu.com (NASDAQ:SOHU) 주식

Sohu.com

Sohu.com Ltd provides online media, games, and search products and services on PCs and mobile devices in China. The company operates in Sohu and Changyou segments. The company is involved in the development, operation, and licensing of online games for PCs and mobile devices, which include massively multiplayer online role-playing games, casual games, and strategy games. In addition, it operates focus.cn, which provides online real estate information and services; and 17173.com website, which provides news, electronic forums, online videos, and other online game information services to game players, as well as offers mobile game distribution services. It generates maximum revenue from the Changyou segment.

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SOHU

2024년 4월 8일 기준, 통신 서비스 섹터의 4개 주식이 모멘텀을 상당히 중요하게 생각하는 투자자들에게 실질적 경고를 보내고 있다고 볼 수 있다.RSI는 모멘텀 지표로, 이는 주가가 상승한 날의 주식 강도를 주가가 하락한 날의 주식 강도와 비교한다. 주식 가격의 변화와 비교할 때 주식이 단기간 내에 어떻게 움직일지에 대한 트레이더의 감을 더 잘 줄 수 있다. Benzinga Pro의 보고에 따르면 주로 RSI가 70 이상일 때 주식은 과매수로 간주된다.

2분기에 추락할 수 있는 최상위 기술 및 통신주 4종목

Sohu.com Limited - American Depositary Shares

Sohu.com Ltd

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Earnings Scheduled For November 12, 2024

Business Outlook
For the fourth&nbsp;quarter of 2024, Sohu estimates:
<ul>
<li>Brand advertising revenues to be between US$17 million and US$19 million; this implies an annual decrease of 6% to 16%,&nbsp;and a sequential decrease of 9%&nbsp;to a sequential increase of 2%.</li>
<li>Online game revenues to be between US$97&nbsp;million and US$107&nbsp;million; this implies an annual decrease of 7% to 15%,&nbsp;and a sequential decrease of 16%&nbsp;to&nbsp;24%.&nbsp;</li>
<li>Non-GAAP net loss attributable to Sohu.com Limited to be between US$26&nbsp;million&nbsp;and US$36&nbsp;million; and GAAP net loss attributable to Sohu.com Limited to be between US$30&nbsp;million&nbsp;and US$40&nbsp;million.</li>
</ul>
For the fourth&nbsp;quarter 2024 guidance, the Company has adopted a presumed exchange rate of RMB7.10=US$1.00, as compared with the actual exchange rate of approximately RMB7.15=US$1.00 for the fourth&nbsp;quarter of 2023, and RMB7.12=US$1.00 for the third&nbsp;quarter of 2024.

Guidance

Sohu.Com For Q4 Expects Brand Ad Revenues Of $17M-$19M Down 6%-16% YoY, Online Game Revenues $97M-$107M Down 7%-15% YoY; Adjusted Net Loss Of $(26)M-$(36)M

Third Quarter 2024 Operating Results
<ul>
<li>For PC games, total average monthly active user accounts[4]&nbsp;(MAU) were 2.2 million, a decrease of 2% year-over-year and 3% quarter-over-quarter. Total quarterly aggregate active paying accounts[5] (APA) were 0.9 million, a decrease of 13% year-over-year and flat quarter-over-quarter. The year-over-year decrease in APA was mainly due to the natural decline of our older games, including TLBB PC. &nbsp;</li>
<li>For mobile games, total average MAU were 3.2 million, an increase of 41% year-over-year and a decrease of 34% quarter-over-quarter. Total quarterly APA were 1.1 million, an increase of 142% year-over-year and a decrease of 3% quarter-over-quarter. The year-over-year increases in MAU and APA&nbsp;were mainly from New Westward Journey,&nbsp;which was launched during the second quarter of 2024. The quarter-over-quarter decrease in MAU was mainly due to the natural decline of New Westward Journey.</li>
</ul>

Sohu.com Q3 PC Games Total Average MAU Were Of 2.2M (-2% YoY); Mobile Games, Total Average MAU Were 3.2M (+41% YoY)

Sohu.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOHU#NASDAQ">SOHU</a>) reported quarterly losses of $(0.39) per share. This is a 30 percent decrease over losses of $(0.30) per share from the same period last year. The company reported $151.99 million in sales this quarter. This is a 4.51 percent increase over sales of $145.43 million the same period last year.

Sohu.com Q3 EPS $(0.39) Down From $(0.30) YoY, Sales $151.99M Up From $145.43M YoY

As of Oct. 3, 2024, two stocks in the communication services sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Madison Square Garden Sports Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSGS#NYSE">MSGS</a>)</h3>
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<li>On Aug. 13, Madison Square Garden reported better-than-expected second-quarter financial results. Madison Square Garden Sports Corp. Executive Chairman and CEO James L. Dolan said, &#8220;Our Company delivered record financial results in fiscal 2024, driven by robust demand for the Knicks and the Rangers, as both teams had successful regular seasons which led to playoff runs. Looking ahead, we remain confident in the strength of our professional sports franchises and believe we are well positioned to generate long-term shareholder value.&#8221; The company's stock gained around 2% over the past five days and has a 5<a href="https://www.benzinga.com/quote/MSGS">2-week high of $213.26</a>.</li>
<li>RSI Value: 72.41&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>MSGS Price Action: Shares of Madison Square Garden Sports gained 1.6% to close at $212.16 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Sohu.com Ltd &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOHU#NASDAQ">SOHU</a>)</h3>
<ul>
<li>On Aug. 5, Sohu.com reported revenue growth of 13% year-over-year to $172 million for the fiscal second quarter of 2024, up 24% Q/Q. Sohu expects third-quarter brand advertising revenue of $17 million—$19 million, a decrease of 14%–23% year over year. The company's stock gained around 8% over the past month and <a href="https://www.benzinga.com/quote/XEL">has a 52-week high</a> of $16.65.</li>
<li>RSI Value: 73.12</li>
<li>SOHU Price Action: Shares of Sohu gained 6.1% to close at $16.44 on Wednesday.</li>
</ul>
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Sohu.com Limited&nbsp;(NASDAQ:&nbsp;SOHU) reported <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40152656/sohu-com-reports-second-quarter-2024-unaudited-financial-results" rel="noreferrer noopener">revenue growth of</a> 13% year-over-year to $172 million for the&nbsp;fiscal second quarter of 2024, up 24% Q/Q.
The Chinese internet&nbsp;company&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">adjusted loss per ADS</a> was $(1.05), down from $(0.52) Y/Y.&nbsp;
Brand advertising revenues declined 17% Y/Y to $20 million. Online game revenues increased 24% Y/Y to $147 million.
The adjusted gross margin declined by 900 bps&nbsp;Y/Y&nbsp;to 67% and by 1,000 bps&nbsp;Q/Q. The adjusted gross margin for online games was 76%&nbsp;versus&nbsp;87% last year and 88% in the prior quarter.
Sohu held $1.3 billion in cash and equivalents as of June 30, 2024.
The average&nbsp;monthly active user accounts for Changyou&nbsp;PC games increased by 2%&nbsp;year over year&nbsp;to 2.2 million, and the&nbsp;average MAU for Changyou&nbsp;mobile games grew by 273%&nbsp;year over year&nbsp;to 4.9 million.
Under the&nbsp;previously announced&nbsp;share repurchase program of up to&nbsp;$150 million, Sohu had repurchased ADSs worth $26 million.
Outlook: Sohu <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">expects third-quarter</a> brand&nbsp;advertising revenue of $17&nbsp;million—$19 million, a&nbsp;decrease of 14%–23%&nbsp;year over year.
It projects quarterly online game&nbsp;revenues&nbsp;declining by&nbsp;3%–11% to $104 million—$114&nbsp;million. Sohu estimates a quarterly adjusted net loss of $(30) million—$(40) million.
Sohu.com stock gained 24% in the last 12 months.
China approved 104 new video games <a target="_blank" href="https://www.benzinga.com/government/24/06/39507902/whats-going-on-with-chinese-gaming-stock-netease-on-wednesday" rel="noreferrer noopener">in June 2024</a> after an eight-month freeze between 2021 and 2022.
Price Action: SOHU shares closed lower by 2.35% at $14.53 on Friday.

Equities

Sohu.com Q2: 13% Topline Growth, Strong Online Game Sales, Increased Mobile Users

With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
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<li>Wall Street expects Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) to report quarterly earnings at 65 cents per share on revenue of $13.24 billion before the opening bell, according to data from Benzinga Pro. Tyson shares fell 0.4% to $61.01 pre-market trading.</li>
<li>Sohu.com Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOHU#NASDAQ">SOHU</a>) reported an adjusted loss of $1.05 per share, versus a year-ago loss of 52 cents per share. The company's quarterly sales rose to $172.33 million from $152.09 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Sohu shares fell 2.4% to close at $14.53 on Friday.</li>
<li>Analysts are expecting Kosmos Energy Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) to post quarterly earnings at 12 cents per share on revenue of $436.46 million. The company will release earnings before the markets open. Kosmos Energy shares gained 0.2% to $4.90 pre-market trading.</li>
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Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a><a href="https://www.benzinga.com/premarket/"> </a>
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<li>After the markets close, Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) is projected to post quarterly earnings at 8 cents per share on revenue of $652.1 million. Palantir shares fell 10% to $22.26 in pre-market trading.</li>
<li>Analysts expect Avis Budget Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) to post quarterly earnings at $2.58 per share on revenue of $3.14 billion after the closing bell. Avis Budget shares rose 0.1% to $84.52 pre-market trading.</li>
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Photo courtesy: Tyson Foods

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Second Quarter&nbsp;2024 Operating Results
<ul>
<li>For PC games, total average monthly active user accounts[3]&nbsp;(MAU) were 2.2 million, an increase of&nbsp;2%&nbsp;year-over-year and a decrease of&nbsp;2%&nbsp;quarter-over-quarter. Total quarterly aggregate active paying accounts[4]&nbsp;(APA) were 0.9 million, a decrease of&nbsp;3%&nbsp;year-over-year and&nbsp;8%&nbsp;quarter-over-quarter. The quarter-over-quarter decrease in APA was mainly a result of fewer in-game promotional activities having been launched for TLBB PC during the&nbsp;second quarter.</li>
<li>For mobile games, total average&nbsp;MAU were 4.9 million, an increase of&nbsp;273%&nbsp;year-over-year and&nbsp;77%&nbsp;quarter-over-quarter. Total quarterly APA were 1.1 million, an increase of&nbsp;299%&nbsp;year-over-year and&nbsp;240%&nbsp;quarter-over-quarter. The year-over-year and quarter-over-quarter increases in MAU and APA&nbsp;were mainly from New Westward Journey, which was launched during the&nbsp;second quarter.</li>
</ul>

Sohu.com Limited Q2 PC Games, Total Average MAU Were 2.2M An Increase Of 2% YoY; Mobile Games, Total Average MAU Were 4.9M An Increase Of 273% YoY

For the&nbsp;third&nbsp;quarter&nbsp;of 2024, Sohu estimates:
<ul>
<li>Brand advertising revenues to be between&nbsp;US$17 million&nbsp;and&nbsp;US$19 million; this implies an annual decrease of&nbsp;14%&nbsp;to&nbsp;23%,&nbsp;and a sequential decrease of&nbsp;4%&nbsp;to&nbsp;14%.</li>
<li>Online game revenues to be between US$104&nbsp;million and US$114&nbsp;million; this implies an annual decrease of&nbsp;3%&nbsp;to&nbsp;11%,&nbsp;and a sequential decrease of&nbsp;22%&nbsp;to&nbsp;29%.&nbsp;</li>
<li>Non-GAAP net loss attributable to Sohu.com Limited to be between US$30&nbsp;million&nbsp;and US$40&nbsp;million; and GAAP net loss attributable to Sohu.com Limited to be between US$34&nbsp;million and&nbsp;US$44&nbsp;million.</li>
</ul>

Sohu.Com For Q3 Expects Brand Ad Revenues Of $17M-$19M Down 14%-23% YoY, Online Game Revenues $104M-$114M Down 3%-11% YoY; Adjusted Net Loss Of $(30)M-$(40)M

Sohu.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOHU#NASDAQ">SOHU</a>) reported quarterly losses of $(1.05) per share. This is a 101.92 percent decrease over losses of $(0.52) per share from the same period last year. The company reported $172.33 million in sales this quarter. This is a 13.31 percent increase over sales of $152.09 million the same period last year.

Sohu.com Q2 Adj. EPADS $(1.05) Down From $(0.52) YoY, Sales $172.33M Up From $152.09M YoY

U.S. stocks traded mixed toward the end of trading, with the Dow Jones index falling more than 150 points on Monday.
The Dow traded down 0.43% to 39,831.18 while the NASDAQ rose 0.53% to 16,775.01. The S&amp;P 500 also rose, gaining, 0.09% to 5,307.88.
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Leading and Lagging Sectors Information technology shares rose by 1.3% on Monday.
In trading on Monday, financial shares fell by 0.7%.
Top Headline
Shares of Sohu.com Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOHU#NASDAQ">SOHU</a>) edged higher on Monday after the company reported its results for the fiscal first quarter of 2024.
Sohu.com 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. The Chinese internet company&#8217;s adjusted loss per ADS was 65 cents, missing the analyst consensus loss estimate of 49 cents.
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<li>Shares of MIRA Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRA#NASDAQ">MIRA</a>) got a boost, surging 36% to $0.8990 after the company said it has advanced new preclinical studies using Ketamir-2 towards clinical development.</li>
<li>MultiMetaVerse Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMV#NASDAQ">MMV</a>) shares were also up, gaining 141% to $1.4914. MultiMetaVerse Holdings signed a non-binding term sheet to acquire 100% of Bowong Technology (Shenzhen) Co., Ltd. and its subsidiaries.</li>
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Equities Trading DOWN
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<li>Virios Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRI#NASDAQ">VIRI</a>) shares dropped 43% to $0.20 after the company priced a $1.7 million public offering of 8.5 million shares of common stock at $0.20 per share.</li>
<li>Shares of Akoustis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) were down 56% to $0.1560 after Qorvo won a jury verdict against the company in a trade secret misappropriation and patent infringement case.</li>
<li>Jaguar Health, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAGX#NASDAQ">JAGX</a>) was down, falling 36% to $0.1649 after the company announced a 1-for-60 reverse stock split.</li>
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Commodities In commodity news, oil traded down 0.5% to $79.65 while gold traded up 0.9% at $2,439.90.
Silver traded up 3.6% to $32.37 on Monday, while copper rose 1.1% to $5.0545.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.18%, Germany's DAX rose 0.35% and France's CAC 40 climbed 0.35%. Spain's IBEX 35 Index rose 0.10%, while London's FTSE 100 rose 0.05%.
Spain&#8217;s consumer confidence indicator climbed to 84.5 in April compared to 82.5 in March. The construction output in Italy rose by 3.8% year-over-year in March.
Asia Pacific Markets
Asian markets closed higher on Monday, with Japan's Nikkei gaining 0.73%, China's Composite Index climbing 0.54%, Hong Kong's Hang Seng Index gaining 0.42% and India's S&amp;P BSE Sensex gaining 0.46%.
Hong Kong's unemployment rate came in unchanged at 3% in the three months ending April 2024. Malaysia&#8217;s trade surplus shrank to MYR 7.7 billion in April from MYR 12.6 billion in the year-ago month. The People&#8217;s Bank of China held key lending rates at the recent fixing.
Economics
No major economic reports will be released today.
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Dow Falls Over 150 Points; Sohu Posts Q1 Loss

Sohu.com Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sohu#NASDAQ">SOHU</a>) reported soft first-quarter 2024 results, with the bottom line missing the Zacks Consensus Estimate. Despite increasing user engagement and innovative strategic investments in its platform, the leading provider of online advertising, media and gaming services in China recorded year-over-year lower revenues owing to the adverse impact of rigid government regulations and macroeconomic headwinds.
<h3>Net Income</h3>
On a GAAP basis, the company incurred a net loss of $25 million or a loss of 76 cents per American Depository Share&nbsp;compared with a net loss of $17.9 million or a loss of 53 cents per ADS in the prior-year quarter. Top-line contraction primarily led to the year-over-year wider loss during the quarter. 
Non-GAAP net loss was $21.6 million or a loss of 65 cents per ADS compared with a net loss of $12.6 million or a loss of 37 cents per ADS in the year-ago quarter. Non-GAAP net loss for the reported quarter was wider than the Zacks Consensus Estimate of a loss of 22 cents.
<div class="chart_embed">
<h3>Sohu.com Inc. Price, Consensus and EPS Surprise <a href="https://www.zacks.com/stock/chart/SOHU/price-consensus-eps-surprise-chart?icid=chart-SOHU-price-consensus-eps-surprise-chart"> <img alt="Sohu.com Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/24/1716208101.png" style="height:265px; width:583px" title="" /> </a></h3>
Sohu.com Inc. price-consensus-eps-surprise-chart | Sohu.com Inc. Quote
</div>
<h3>Revenues</h3>
Revenues in the reported quarter declined to $139.4 million from $161.8 million a year ago. The decrease in net sales in all the major business verticals impeded the top line during the quarter. 
Brand Advertising revenues declined 29% year over year to $16.1 million, while revenues from Online Games totaled $117.8 million, down 9% year over year. A decline in portal, video and real estate advertising revenues and growing competition in the online video market led to the downside. Other revenues totaled $5.5 million, down from $9.8 million in the year-ago quarter. 
For PC games, the total average monthly active user accounts (MAU) were 2.3 million, up 5% year over year. Total quarterly aggregate active paying accounts&nbsp;were 0.9 million, up 1%. 
For mobile games, the total average MAU was 2.8 million, up 71% year over year led by significant traction from Haikyu!!FLY HIGH launched in the quarter in Japan and South Korea. Total quarterly APA remained flat at 0.3 million.
<h3>Other Details</h3>
Quarterly GAAP gross profit was $106.7 million compared with the year-ago quarter&#39;s tally of $121.4 million, with a respective gross margin of 76.5% and 75%. Non-GAAP gross margin for the Brand Advertising business decreased to 1% from 17% in the prior-year quarter, while that for Online Games was 88%, up from 85% in the year-ago quarter. 
Non-GAAP operating expenses were $132.8 million, down 4% year over year.
<h3>Liquidity</h3>
As of Mar 31, 2024, the company had $318.7 million in cash and cash equivalents with $481.6 million of long-term tax liabilities.
<h3>Outlook</h3>
For the second quarter of 2024, Brand Advertising revenues are estimated to be in the range of $18-$20 million, which indicates a decrease of 16% to 25% year over year. Online Games revenues are estimated in the band of $133-$143 million, which indicates an increase of 12% to 21% year over year. Sohu&#39;s non-GAAP net loss is likely to be between $27 million and $37 million. GAAP net loss is projected between $30 million and $40 million.
<h3>Zacks Rank</h3>
CommScope currently carries a Zacks Rank #3 (Hold).
<h3>Upcoming Releases</h3>
Viasat Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vsat#NASDAQ">VSAT</a>) is scheduled to release fourth-quarter fiscal 2024 earnings on May 21. The Zacks Consensus Estimate for VSAT is pegged at a loss of 60 cents per share. 
Intuit Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intu#NASDAQ">INTU</a>) is set to release third-quarter fiscal 2024 earnings on May 23. The Zacks Consensus Estimate for earnings is pegged at $9.34 per share, implying a growth of 4.7% from the year-ago reported figure. 
Intuit has a long-term earnings growth expectation of 14.6%. INTU delivered an average earnings surprise of 16.2% in the last four reported quarters. 
Workday, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wday#NASDAQ">WDAY</a>) is slated to release first-quarter fiscal 2025 earnings on May 23. The Zacks Consensus Estimate for earnings is pegged at $1.57 per share, indicating growth of 19.8% from the year-ago reported figure. 
Workday has a long-term earnings growth expectation of 22.7%. WDAY delivered an average earnings surprise of 12.7% in the last four reported quarters.
<a href="https://www.zacks.com/stock/news/2276066/sohu-incurs-wider-than-expected-loss-in-q1-on-lower-revenues?cid=CS-BENZ-FT-analyst_blog|earnings_article-2276066">To read this article on Zacks.com click here.</a>

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SOHU Incurs Wider-Than-Expected Loss in Q1 on Lower Revenues

<div class="wp-block-group is-layout-constrained wp-block-group-is-layout-constrained">
Sohu.com Limited&nbsp;(NASDAQ:&nbsp;SOHU) reported a revenue decline of 14% year-over-year to $139.4 million for the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n38911581/sohu-com-reports-first-quarter-2024-unaudited-financial-results" rel="noreferrer noopener">fiscal first quarter of 2024</a>. Revenue was&nbsp;down by 1% Q/Q.
The Chinese internet&nbsp;company's&nbsp;adjusted loss per ADS was $(0.65), missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus loss estimate of $(0.49)</a>.&nbsp;
Brand advertising revenues declined 29% Y/Y to $16 million. Online game revenues decreased 9% Y/Y to $118 million.
The adjusted gross margin improved by 200 bps&nbsp;Y/Y&nbsp;to 77% and by 100 bps&nbsp;Q/Q. The adjusted gross margin for online games was 88%&nbsp;versus&nbsp;85% last year and 87% in the prior quarter.
Sohu held $1.3 billion in cash and equivalents as of March-end.
Average&nbsp;monthly active user accounts for Changyou&nbsp;PC games increased by 5%&nbsp;Y/Y&nbsp;to 2.3 million. The&nbsp;average MAU for Changyou&nbsp;mobile games grew by 71%&nbsp;Y/Y&nbsp;to 2.8 million.
Under the&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/03/37453839/why-is-sohu-com-stock-sliding-today" rel="noreferrer noopener">previously-announced&nbsp;share repurchase program</a>, Sohu had repurchased ADSs worth $17 million.
Charles Zhang, Chairman and CEO of&nbsp;Sohu.com&nbsp;Limited, commented,&nbsp;&#8220;For Sohu Media and Sohu Video, we continued to enhance user experience by refining products and optimizing algorithms.&#8221;
Outlook: Sohu expects second-quarter brand&nbsp;advertising revenue of $18&nbsp;million&nbsp;&#8211;&nbsp;$20&nbsp;million, an annual&nbsp;decrease of 16%&nbsp;–&nbsp;25%&nbsp;Y/Y.
It projects quarterly online game revenues growth by 12% – 21% to $133 million &#8211; $143 million. Sohu estimates a quarterly adjusted net loss of $27 million – $37 million.
Sohu stock&nbsp;gained 22% year-to-date. Investors can gain exposure to Sohu via&nbsp;Invesco Golden&nbsp;Dragon China ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>)&nbsp;and&nbsp;SPDR S&amp;P&nbsp;Emerging Markets Small Cap ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWX#NYSE">EWX</a>).
Price Action:&nbsp;SOHU shares traded lower by 0.38% at $11.89&nbsp;at last check&nbsp;Monday.
</div>

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What's Going On With Chinese Internet Company Sohu Stock After Q1 Print?

Business Outlook
For the second&nbsp;quarter of 2024, Sohu estimates:
<ul>
<li>Brand advertising revenues to be between&nbsp;US$18 million&nbsp;and&nbsp;US$20 million; this implies an annual decrease of 16% to 25%,&nbsp;and a sequential increase of 12%&nbsp;to 24%.</li>
<li>Online game revenues to be between US$133&nbsp;million and US$143&nbsp;million; this implies an annual increase of 12% to 21%,&nbsp;and a sequential increase of 13%&nbsp;to&nbsp;21%.&nbsp;</li>
<li>Non-GAAP net loss attributable to Sohu.com Limited to be between US$27&nbsp;million&nbsp;and US$37&nbsp;million; and GAAP net loss attributable to Sohu.com Limited to be between US$30&nbsp;million and&nbsp;US$40&nbsp;million.</li>
</ul>
For the second&nbsp;quarter 2024 guidance, the Company has adopted a presumed exchange rate of&nbsp;RMB7.10=US$1.00, as compared with the actual exchange rate of approximately&nbsp;RMB7.00=US$1.00&nbsp;for the second&nbsp;quarter of 2023, and&nbsp;RMB7.10=US$1.00&nbsp;for the first&nbsp;quarter of 2024.

Sohu.Com For Q2 Expects Brand Advertising Revenues Of $18M-$20M Down 16%-25% YoY, Online Game Revenues $133M-$143M Up 12%-21% YoY; Sees Adjusted Net Loss Of $27M-$37M

<ul>
<li>For PC games, total average monthly active user accounts[3]&nbsp;(MAU) were 2.3 million, an increase of 5% year-over-year and a decrease of 1% quarter-over-quarter. Total quarterly aggregate active paying accounts[4]&nbsp;(APA) were 0.9 million, an increase of 1% year-over-year and 3% quarter-over-quarter.</li>
<li>For mobile games, total average MAU were 2.8 million, an increase of 71% year-over-year and 63% quarter-over-quarter. The year-over-year and quarter-over-quarter increases in MAU were mainly from Haikyu!!FLY HIGH that we launched in&nbsp;Japan&nbsp;and&nbsp;South Korea&nbsp;during the quarter. Total quarterly APA were 0.3 million, flat year-over-year and a decrease of 2% quarter-over-quarter.</li>
</ul>

Sohu.com Q1 PC Games Total Average MAU Were Of 2.3M, An Increase Of 5% YoY; Mobile Games, Total Average MAU Were 2.8M, An Increase Of 71% YoY

Sohu.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOHU#NASDAQ">SOHU</a>) reported quarterly losses of $(0.65) per share which missed the analyst consensus estimate of $(0.49) by 32.65 percent. This is a 75.68 percent decrease over losses of $(0.37) per share from the same period last year. The company reported $139.390 million in sales this quarter. This is a 13.85 percent decrease over sales of $161.793 million the same period last year.

Earnings Misses

Sohu.com Q1 2024 Adj EPS $(0.65) Misses $(0.49) Estimate, Sales $139.390M Down From $161.793M YoY

As of April 8, 2024, four stocks in the communication services sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Townsquare Media, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsq#NYSE">TSQ</a>)</h3>
<ul>
<li>On March 15, Townsquare Media posted upbeat quarterly results. &ldquo;I am pleased to share that Townsquare&rsquo;s fourth quarter results met or exceeded our previously issued guidance, and our full year results met the guidance that we issued at the start of 2023. 2023 net revenue (excluding political) decreased -0.9% year-over-year, and -1.9% in total, to $454.2 million, the second highest revenue amount in Townsquare&rsquo;s history,&rdquo; commented Bill Wilson, Chief Executive Officer of Townsquare Media, Inc. The company&rsquo;s stock gained around 14% over the past five days and has a <a href="https://www.benzinga.com/quote/TSQ">52-week high of $13.</a>57.</li>
<li>RSI Value: 78.94</li>
<li>TSQ Price Action: Shares of Townsquare Media gained 7.4% to trade at $13.48 on Monday.</li>
</ul>
<h3>Sohu.com Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sohu#NASDAQ">SOHU</a>)</h3>
<ul>
<li>On March 4, Sohu.com posted a narrower-than-expected quarterly loss. The company&rsquo;s stock gained around 24% over the past month and <a href="https://www.benzinga.com/quote/SOHU"> has a 52-week high </a> of $14.55.</li>
<li>RSI Value: 75.83</li>
<li>SOHU Price Action: Shares of Sohu.com gained 0.8% to trade at $11.46 on Monday.</li>
</ul>
<h3>So-Young International Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sy#NASDAQ">SY</a>)</h3>
<ul>
<li>On March 20, So-Young Intl posted stronger-than-expected quarterly earnings. The company&rsquo;s stock gained around 11% over the past five days and has a <a href="https://www.benzinga.com/quote/SY"> 52-week high </a> of $2.98.</li>
<li>RSI Value: 70.11</li>
<li>SY Price Action: Shares of So-Young International gained 4.4% to trade at $1.20 on Monday.</li>
</ul>
<h3>MediaCo Holding Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdia#NASDAQ">MDIA</a>)</h3>
<ul>
<li>On April 4, an SEC filing showed Standard General L.P. reported a 95.2% stake in the company, as of April 1. The company&rsquo;s stock jumped around 266% over the past five days and has a 52-week high is $6.86.</li>
<li>RSI Value: 72.11</li>
<li>MDIA Price Action: Shares of MediaCo Holding fell 25% to trade at $2.90 on Monday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38144100/delta-air-lines-likely-to-report-higher-q1-earnings-here-are-the-recent-forecast-changes-from-wall-"> Delta Air Lines Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street&#39;s Most Accurate Analysts </a>

Top 4 Tech & Telecom Stocks That May Crash In Q2

Buybacks

Sohu.Com Board Authorized Increase In Previously-Announced Share Repurchase From Up To $80M To Up To $150M Of Outstanding ADSs

<h3>Companies Reporting Before The Bell</h3>
&bull; Sohu.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOHU#NASDAQ">SOHU</a>) is estimated to report earnings for its fourth quarter.
&bull; Avadel Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVDL#NASDAQ">AVDL</a>) is projected to report quarterly loss at $0.29 per share on revenue of $18.11 million.
&bull; LENSAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNSR#NASDAQ">LNSR</a>) is expected to report quarterly loss at $0.22 per share on revenue of $12.00 million.
&bull; Sea (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) is projected to report quarterly loss at $0.27 per share on revenue of $3.53 billion.
&bull; Global Ship Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) is estimated to report quarterly earnings at $2.35 per share on revenue of $172.02 million.
&bull; Modiv Industrial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDV#NYSE">MDV</a>) is likely to report earnings for its fourth quarter.
&bull; GEO Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>) is estimated to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Nektar Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKTR#NASDAQ">NKTR</a>) is estimated to report quarterly loss at $0.21 per share on revenue of $18.05 million.
&bull; Ekso Bionics Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EKSO#NASDAQ">EKSO</a>) is estimated to report quarterly loss at $0.11 per share on revenue of $4.77 million.
&bull; ContextLogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISH#NASDAQ">WISH</a>) is likely to report quarterly loss at $2.66 per share on revenue of $53.06 million.
&bull; Stellus Cap Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCM#NYSE">SCM</a>) is expected to report quarterly earnings at $0.45 per share on revenue of $27.41 million.
&bull; Crawford &amp; Company Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) is expected to report quarterly earnings at $0.20 per share on revenue of $317.48 million.
&bull; Eos Energy Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>) is likely to report quarterly loss at $0.25 per share on revenue of $9.00 million.
&bull; Southland Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SLND#AMEX">SLND</a>) is expected to report quarterly earnings at $0.02 per share on revenue of $274.41 million.
&bull; Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) is likely to report quarterly earnings at $0.14 per share on revenue of $226.24 million.
&bull; Paymentus Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAY#NYSE">PAY</a>) is estimated to report quarterly earnings at $0.07 per share on revenue of $157.42 million.
&bull; Northwest Pipe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWPX#NASDAQ">NWPX</a>) is likely to report quarterly earnings at $0.42 per share on revenue of $107.35 million.
&bull; Crescent Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRGY#NYSE">CRGY</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $607.02 million.
&bull; Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) is estimated to report quarterly loss at $0.20 per share on revenue of $330.85 million.
&bull; Stereotaxis (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/STXS#AMEX">STXS</a>) is expected to report quarterly loss at $0.07 per share on revenue of $7.70 million.
&bull; SEMrush Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEMR#NYSE">SEMR</a>) is estimated to report quarterly earnings at $0.03 per share on revenue of $83.11 million.
&bull; Akoya Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKYA#NASDAQ">AKYA</a>) is expected to report quarterly loss at $0.27 per share on revenue of $25.89 million.
&bull; ThredUp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDUP#NASDAQ">TDUP</a>) is likely to report quarterly loss at $0.13 per share on revenue of $80.33 million.
&bull; AeroVironment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) is estimated to report quarterly earnings at $0.33 per share on revenue of $170.62 million.
&bull; Cara Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARA#NASDAQ">CARA</a>) is estimated to report quarterly loss at $0.41 per share on revenue of $9.42 million.
&bull; GitLab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) is expected to report quarterly earnings at $0.08 per share on revenue of $158.21 million.
&bull; Viant Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSP#NASDAQ">DSP</a>) is estimated to report quarterly loss at $0.03 per share on revenue of $65.92 million.
&bull; Vicarious Surgical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBOT#NYSE">RBOT</a>) is expected to report earnings for its fourth quarter.
&bull; Innovate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VATE#NYSE">VATE</a>) is likely to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For March 4, 2024

Business Outlook
For the first&nbsp;quarter of 2024, Sohu estimates:
<ul>
<li>Brand advertising revenues to be between&nbsp;US$15 million&nbsp;and&nbsp;US$17 million; this implies an annual decrease of 25% to 33%,&nbsp;and a sequential decrease of 16%&nbsp;to 26%.</li>
<li>Online game revenues to be between&nbsp;US$110 million&nbsp;and&nbsp;US$120 million; this implies an annual decrease of 7% to 15%,&nbsp;and a sequential decrease of 4%&nbsp;to a sequential increase of 5%.&nbsp;</li>
<li>Non-GAAP net loss attributable to Sohu.com Limited to be between US$23&nbsp;million&nbsp;and&nbsp;US$33 million; and GAAP net loss attributable to Sohu.com Limited to be between&nbsp;US$26&nbsp;million&nbsp;and&nbsp;US$36 million.</li>
</ul>
For the first&nbsp;quarter 2024 guidance, the Company has adopted a presumed exchange rate of&nbsp;RMB7.10=US$1.00, as compared with the actual exchange rate of approximately&nbsp;RMB6.84=US$1.00&nbsp;for the first&nbsp;quarter of 2023, and&nbsp;RMB7.15=US$1.00&nbsp;for the fourth&nbsp;quarter of 2023.

Sohu.Com For Q1 Expects Brand Advertising Revenues Of $15M-$17M Down 25%-33% YoY, Online Game Revenues $110M-$120M Down 7%-15% YoY; Sees Adjusted Net Loss Of $23M-$33M

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Here's the major earnings before the open tomorrow

Sohu.com Non-GAAP EPS of -$0.39, revenue of $152M; initiates Q4 outlook

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