Sohu.com Reduces Loss In Q4 - Quick Facts

(RTTNews) - Sohu.com Inc. (SOHU), a China-based web-portal and online game developer, Monday reported a narrower loss for the fourth quarter, with double-digit growth in revenues, driven by surge in revenues from Sogou, which operates the search and Web directory business.

The group's net loss narrowed to $19.6 million or $0.52 a share from last year's $27.1 million or $0.74 a share.

On a non-GAAP basis, net loss was $14 million or $0.36 a share. On average, 10 analysts polled by Thomson-Reuters estimated loss per share of $0.49 for the quarter. Analysts' estimates typically exclude one-time items.

For the quarter, total revenues grew 24 percent to $477 million. Brand advertising revenues were up 20 percent, and Sogou revenues surged 70 percent. Online game revenues grew 7 percent year-over-year.

For the first quarter, the company expects loss per share of $1.15 - $1.25 and non-GAAP loss per share of $0.95 - $1.05. Total revenues are expected to be between $425 million and $440 million for the next quarter.