The following is a summary of the Sohu.com Limited (SOHU) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Sohu.com reported Q4 2023 total revenues of $141 million, a decrease of 12% YoY and 3% sequentially.

• The company reported substantial net losses with a GAAP net loss of $13 million and a Non-GAAP net loss of $11 million.

• For 2023 full year, revenues stood at $601 million, reflecting an 18% decrease from 2022, and a GAAP net loss of $66 million.

• The company's online game revenues decreased by 5% YoY, and its brand advertising revenues experienced a significant decrease of 30% YoY.

• For Q1 2024, Sohu anticipates lower brand advertising revenues and online game revenues than the previous year, and expects to record a net loss.

Business Progress:

• Sohu.com's Media Portal worked on improving user experience through technology upgrades, product refinement, and expanded premium content offerings.

• The company continued its Twin Engine strategy in the online video segment.

• Despite facing cautious advertisers, the company began exploring diversified monetization opportunities.

• The company maintained stable revenue in its online game business and invested in features to increase player engagement.

• In 2024, the Board authorized an increase in Sohu's share purchase program, and the company plans to increase spending on marketing to foster product development.

More details: Sohu.com IR

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