Sohu Q2 total revenue 421 million US dollars Zhang Chaoyang: Sogou business in line with expectations

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 Sohu Q2 total revenue 421 million US dollars Zhang Chaoyang: Sogou business in line with expectations


According to the financial report, the advertising revenue of Sohu brand in this quarter was 38 million US dollars, 14% lower than that in the same period of 2019, and 48% higher than that of the previous quarter; the revenue of search and search related advertising business was 241 million US dollars, a month on month increase of 1%; online game revenue was 106 million US dollars, a year-on-year increase of 4%.

Zhang Chaoyang, chairman and CEO of Sohu, commented: in the second quarter of 2020, our brand advertising business performed well, with revenue growth of 48% month on month. Our brand advertising revenue and net profit were better than expected. In this quarter, we combined the brand influence of media with the professional technology of video to produce and distribute high-quality original content more efficiently, demonstrating Sohus values and social responsibility, and further improving our credibility. In terms of Changyou, the privatization of Changyou will be completed on April 17, 2020. After that, all profits / losses of Changyou will belong to Sohu. In the second quarter of 2020, as the epidemic situation began to ease and all industries returned to work and production, the game business income decreased month on month, in line with the companys previous expectations. In terms of Sogou, Sogous business in the second quarter was in line with expectations, the share of Sogous search traffic was stable, and the number of daily active users of mobile phone input method further increased. The total revenue of the second quarter of the extended reading Betta reached 2.508 billion, with a net profit of 323 million. Sogous Q2 financial report in 2020: revenue of 1.8 billion, input method of daily life of 484 million. Source: Netease science and technology report editor in charge: Wang Fengzhi_ NT2541

Zhang Chaoyang, chairman and CEO of Sohu, commented: in the second quarter of 2020, our brand advertising business performed well, with revenue growth of 48% month on month. Our brand advertising revenue and net profit were better than expected. In this quarter, we combined the brand influence of media with the professional technology of video to produce and distribute high-quality original content more efficiently, demonstrating Sohus values and social responsibility, and further improving our credibility. In terms of Changyou, the privatization of Changyou will be completed on April 17, 2020. After that, all profits / losses of Changyou will belong to Sohu. In the second quarter of 2020, as the epidemic situation began to ease and all industries returned to work and production, the game business income decreased month on month, in line with the companys previous expectations. In terms of Sogou, Sogous business in the second quarter was in line with expectations, the share of Sogous search traffic was stable, and the number of daily active users of mobile phone input method further increased.