Why Is Sohu.Com Stock Sliding Today?
Why Is Sohu.Com Stock Sliding Today?
Sohu.com Limited (NASDAQ: SOHU) reported a revenue decline of 12% year-over-year to $141.36 million for the fourth quarter of 2023. Revenue was down by 3% Q/Q.
搜狐有限公司（纳斯达克股票代码：SOHU）报告称，2023年第四季度的收入同比下降12％，至1.4136亿美元。收入环比下降了3％。
The Chinese internet company's adjusted loss per ADS was 32 cents, beating the consensus loss of 59 cents.
这家中国互联网公司调整后的每股ADS亏损为32美分，超过了市场普遍的59美分亏损。
Brand advertising revenues declined 30% Y/Y to $20 million. Online game revenues decreased 5% Y/Y to $115 million.
品牌广告收入同比下降30％，至2000万美元。在线游戏收入同比下降5％，至1.15亿美元。
The adjusted gross margin declined by 200 bps Y/Y to 76% and flat Q/Q. The adjusted gross margin for online games was 87% versus 84% last year and 87% in the prior quarter.
调整后的毛利率同比下降200个基点至76％，与上一季度持平。调整后的在线游戏毛利率为87％，去年为84％，上一季度为87％。
Sohu held $1.3 billion in cash and equivalents as of December 31, 2023.
截至2023年12月31日，搜狐持有13亿美元的现金及等价物。
Average monthly active user accounts for Changyou PC games increased by 2% Y/Y to 2.3 million. The average MAU for Changyou mobile games fell 4% Y/Y to 1.7 million.
畅游电脑游戏的月平均活跃用户账户同比增长2％，达到230万。畅游手游的平均活跃用户数同比下降4％，至170万次。
Sohu.Com board authorized an increase in previously-announced share repurchase from up to $80 million to up to $150 million of outstanding ADSs.
搜狐董事会批准将先前宣布的未偿还ADS的股票回购从高达8000万美元增加到高达1.5亿美元。
Dr. Charles Zhang, Chairman and CEO of Sohu.com Limited, commented, "In the fourth quarter and full year of 2023, we continued to optimize operating efficiency with strict budget control, despite the external economic environment and cautious budgeting by advertisers."
搜狐有限公司董事长兼首席执行官张查尔斯博士评论说：“在2023年第四季度和全年，尽管外部经济环境不佳，广告商的预算也很谨慎，但我们仍通过严格的预算控制继续优化运营效率。”
Outlook: Sohu sees first-quarter brand advertising revenue of $15 million-$17 million, an annual decrease of 25% – 33% Y/Y.
展望：搜狐预计第一季度品牌广告收入为1500万至1700万美元，同比下降25％至33％。
It sees quarterly online game revenues decline by 7% – 15% to $110 million-$120 million.
它预计季度在线游戏收入将下降7％至15％，至1.1亿美元至1.2亿美元。
Sohu estimates a quarterly adjusted net loss of $(23) million – $(33) million.
搜狐估计，调整后的季度净亏损为2,300万美元至3,300万美元。
Investors can gain exposure to Sohu via Invesco Golden Dragon China ETF (NASDAQ:PGJ) and SPDR S&P Emerging Markets Small Cap ETF (NYSE:EWX), which gained 6-14% last month.
投资者可以通过景顺金龙中国ETF（纳斯达克股票代码：PGJ）和SPDR标普新兴市场小型股ETF（纽约证券交易所代码：EWX）获得搜狐敞口，后者上个月上涨了6-14％。
Price Action: SOHU shares traded lower by 2.40% at $9.36 premarket Monday.
价格走势：搜狐股价周一盘前下跌2.40％，至9.36美元。