SOHU
SOHU.COM LIMITED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED, IN THOUSANDS EXCEPT PER SHARE AMOUNTS)
Three Months Ended
Sep. 30, 2024
Jun. 30, 2024
Sep. 30, 2023
Revenues:
18,677
19,853
22,087
Brand advertising
$
$
$
Online games
127,721
146,997
117,049
Others
5,594
5,483
6,294
Total revenues
151,992
172,333
145,430
Cost of revenues:
Brand advertising (includes share-based compensation
expense of nil, $1, and $15, respectively)
17,040
15,904
18,745
Online games (includes share-based compensation
20,292
35,588
15,039
expense of nil, nil, and $18, respectively)
Others
2,283
4,974
687
Total cost of revenues
39,615
56,466
34,471
Gross profit
112,377
115,867
110,959
Operating expenses:
Product development (includes share-based
compensation expense of $6, $10, and $280,
respectively)
62,231
65,209
67,749
Sales and marketing (includes share-based compensation
48,494
83,936
53,040
expense of $9, $10, and $39, respectively)
General and administrative (includes share-based
compensation expense of $29, $-421, and $358,
14,692
11,012
10,801
respectively)
Total operating expenses
125,417
160,157
131,590
Operating loss
(13,040)
(44,290)
(20,631)
Other income, net
3,635
5,572
10,869
Interest income
9,074
9,561
11,519
Exchange difference
(988)
231
(478)
Income/(loss) before income tax expense
(1,319)
(28,926)
1,279
Income tax expense
15,028
8,731
15,340
Ne loss from continuing operations
(16,347)
(37,657)
(14,061)
Net income from discontinued operations, net of tax 6
-
-
35,426
Net income/(loss)
(16,347)
(37,657)
21,365
Less: Net loss from continuing operations attributable
-
-
(2)
to the noncontrolling interest shareholders
Net loss from continuing operations attributable to
(16,347)
(37,657)
(14,059)
Sohu.com Limited
Net income from discontinued operations attributable to
-
-
35,426
Sohu.com Limited
Net income/(loss) attributable to Sohu.com Limited
(16,347)
(37,657)
21,367
Basic net loss from continuing operations per share/ADS
attributable to Sohu.com Limited7
$
(0.52)
$
(1.16)
$
(0.41)
Basic net income from discontinued operations per
$
-
$
-
$
1.04
share/ADS attributable to Sohu.com Limited
Basic net income/(loss) per share/ADS attributable to
$
(0.52)
$
(1.16)
$
0.63
Sohu.com Limited
Shares/ADSs used in computing basic net income/(loss) per
31,729
32,492
34,190
share/ADS attributable to Sohu.com Limited
Diluted net loss from continuing operations per share/ADS
$
(0.52)
$
(1.16)
$
(0.41)
attributable to Sohu.com Limited
Diluted net income from discontinued operations per
$
-
$
-
$
1.04
share/ADS attributable to Sohu.com Limited
Diluted net income/(loss) per share/ADS attributable to
$
(0.52)
$
(1.16)
$
0.63
Sohu.com Limited
Shares/ADSs used in computing diluted net income/(loss)
31,729
32,492
34,190
per share/ADS attributable to Sohu.com Limited
SOHU.COM LIMITED
RECONCILIATIONS OF NON-GAAP RESULTS OF OPERATIONS MEASURES TO THE NEAREST COMPARABLE GAAP MEASURES
(UNAUDITED, IN THOUSANDS EXCEPT PER SHARE AMOUNTS)
Three Months Ended Sep. 30, 2024
Three Months Ended Jun. 30, 2024
Three Months Ended Sep. 30, 2023
GAAP
Non-GAAP
Non-
GAAP
Non-GAAP
Non-
GAAP
Non-GAAP
Non-
Adjustment
GAAP
Adjustment
GAAP
Adjustment
GAAP
-
(a)
1
(a)
15
(a)
Brand advertising gross profit
$
1,637
$
-
$
1,637
$
3,949
$
1
$
3,950
$
3,342
$
15
$
3,357
Brand advertising gross margin
9%
9%
20%
20%
15%
15%
-
(a)
-
(a)
18
(a)
Online games gross profit
$
107,429
$
-
$
107,429
$
111,409
$
-
$
111,409
$
102,010
$
18
$
102,028
Online games gross margin
84%
84%
76%
76%
87%
87%
-
(a)
-
(a)
-
(a)
Others gross profit
$
3,311
$
-
$
3,311
$
509
$
-
$
509
$
5,607
$
-
$
5,607
Others gross margin
59%
59%
9%
9%
89%
89%
-
(a)
1
(a)
33
(a)
Gross profit
$
112,377
$
-
$
112,377
$
115,867
$
1
$
115,868
$
110,959
$
33
$
110,992
Gross margin
74%
74%
67%
67%
76%
76%
Operating expenses
$
125,417
$
(44)
(a) $
125,373
$
160,157
$
401
(a) $
160,558
$
131,590
$
(677)
(a) $
130,913
44
(a)
(400)
(a)
710
(a)
Operating loss
$
(13,040)
$
44
$
(12,996)
$
(44,290)
$
(400)
$
(44,690)
$
(20,631)
$
710
$
(19,921)
Operating margin
-9%
-9%
-26%
-26%
-14%
-14%
Income tax expense
$
15,028
$
(3,883)
(c)$
11,145
$
8,731
$
(3,764)
(c)$
4,967
$
15,340
$
(3,149)
(c)$
12,191
44
(a)
(400)
(a)
710
(a)
-
131
(b)
-
3,883
(c)
3,764
(c)
3,149
(c)
Net loss before non-controlling interest
$
(16,347)
$
3,927
44
-
3,883
Net loss from continuing operations
attributable to Sohu.com Limited for
diluted net loss per ADS
$
(16,347)
$
3,927
Net income from discontinued
operations attributable to Sohu.com
Limited for diluted net loss per ADS 8
$
-
-
Net income/(loss) attributable to
Sohu.com Limited for diluted net
income/(loss) per share/ADS
$
(16,347)
3,927
Diluted net loss from continuing
operations per ADS attributable to
Sohu.com Limited
$
(0.52)
Diluted net income from discontinued
operations per ADS attributable to
Sohu.com Limited
$
-
Diluted net income/(loss) per
share/ADS attributable to Sohu.com
$
(0.52)
Limited
Shares/ADSs used in computing
diluted net income/(loss) per
share/ADS attributable to Sohu.com
Limited
31,729
Note:
$
(12,420)
$
(37,657)
$
3,495
$
(34,162)
$
(14,061)
3,859
(10,202)
(a)
(400)
(a)
710
(a)
131
(b)
-
(c)
3,764
(c)
3,149
(c)
$
(12,420)
$
(37,657)
$
3,495
$
(34,162)
$
(14,059)
3,859
(10,200)
-
$
-
-
$
-
$
35,426
-
$
35,426
(12,420)
$
(37,657)
$
3,495
$
(34,162)
$
21,367
3,859
25,226
$
(0.39)
$
(1.16)
(1.05)
$
(0.41)
$
(0.30)
-
$
-
-
$
1.04
$
1.04
(0.39)
$
(1.16)
(1.05)
$
0.63
$
0.74
31,729
32,492
32,492
34,190
34,190
Disclaimer
Sohu.com Ltd. published this content on November 12, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 12, 2024 at 07:21:34.573.