Sohu.com Slips To Loss In Q3 On Weak Revenues; Sees Loss In Q4 - Quick Facts

(RTTNews) - Sohu.com Inc. (SOHU), a Chinese online media, search, gaming, community and mobile service group, Monday reported that its third-quarter attributable net loss was $75 million or $1.94 loss per share, compared with a net income of $39 million or $1 per share last year.

Adjusted attributable net loss was $65 million or $1.68 loss per share, compared with a net income of $49 million a year ago.

Total revenues were $411 million, down 21% from $522.09 million last year. Brand advertising revenues were $111 million, down 27% year-over-year.

Charles Zhang, Chairman and CEO, said, "In the third quarter, the Group total revenues reached our prior guidance amid challenging operating climate that mainly affected our online advertising businesses."

Looking ahead, for the fourth quarter, the company expects GAAP attributable net loss to be between $92 million and $102 million, and loss per share to be between $2.38 and $2.63.

Adjusted attributable net loss would be between $85 million and $95 million, and adjusted loss per share to be between $2.20 and $2.45.

Total revenues are expected to be between $370 million and $400 million.