Sohu.com Q1 Loss Narrows; Issues Q2 Outlook - Quick Facts

(RTTNews) - Sohu.com Inc. (SOHU), a China-based web-portal and online game developer, Monday reported first-quarter net loss attributable to the company of $31.1 million or $0.81 per share, narrower than $78.9 million or $2.05 per share in the prior year quarter. On a non-GAAP basis, net loss was $25.3 million or $0.66 a share.

On average, six analysts polled by Thomson-Reuters estimated loss per share of $1.22 for the quarter. Analysts' estimates typically exclude one-time items.

For the quarter, total revenues grew 25 percent to $455.33 million from $365.32 million in the comparable quarter last year, while seven analysts had a consensus revenue estimate of $439.34 million for the quarter.

Brand advertising revenues were up 20 percent, and Sogou revenues surged 66 percent. Online game revenues grew 13 percent year-over-year.

For the second quarter, the company expects loss per share of US$1.15 - US$1.40 and non-GAAP loss per share of US$0.90 - US$1.15. Total revenues are expected to be between US$460 million and US$490 million for the next quarter. Analysts currently expect loss per share of $0.64 on revenues of $498.21 million for the second quarter.