Sohu.com Slips To Loss In Q2, Sees Sequentially Narrower Adj. Loss In Q3

(RTTNews) - Chinese online media, search, gaming, community and mobile service group Sohu.com Inc. (SOHU) reported Monday that its second-quarter net loss attributable to the company was $41.09 million or $1.16 loss per share, compared to last year's profit of $21.63 million or $0.56 per share.

Adjusted net loss attributable to Sohu.com Inc. was $34.01 million or $0.88 per share, compared to profit of $22.50 million or $0.58 per share a year ago.

On average, 10 analysts polled by Thomson Reuters expected loss per share of $1.38 for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues climbed 18 percent to $400.15 million from last year's $338.90 million. Analysts expected revenues of $407.78 million.

Total online advertising revenues climbed 49 percent year-over-year and Brand advertising revenues grew 33 percent.

Looking ahead for the third quarter, Sohu estimates total revenues to be between $427 million and $442 million, and net loss to be between $28 million and $34 million. Adjusted net loss attributable to Sohu.com Inc. is projected between $29 million and $33 million, and loss per share between $0.75 and $0.85.

Analysts expect third-quarter loss per share of $0.97 and revenues of $451.35 million.