Sohu’s revenue in the second quarter of 2024 was US$172 million, a year-on-year increase of 13%

According to news from this site on August 5, Sohu announced today its unaudited financial report for the second quarter of 2024 as of June 30, 2024.

1. Revenue

Sohu’s total revenue in the second quarter was US$172 million, an increase of 13% from the same period in 2023 and an increase of 24% from the previous quarter.

2. Net loss

US GAAP net loss attributable to Sohu was US$38 million. Net loss for the same period in 2023 was $21 million, compared with $25 million in the previous quarter.

Non-GAAP net loss attributable to Sohu was $34 million. Net loss for the same period in 2023 was $18 million, compared with a net loss of $22 million last quarter.

3. Business segmentation

• Brand advertising revenue was US$20 million, down 17% from the same period in 2023 and up 24% from the previous quarter.
• Online gaming revenue was $147 million, up 24% from the same period in 2023 and 25% from the previous quarter.

4. Game user data

PC client games

• total average monthly active users was 2.2 million, an increase of 2% from the same period in 2023 and a decrease of 2% from the previous quarter.
• Total quarterly active paying users were 900,000, down 3% from the same period in 2023 and down 8% from the previous quarter.

Mobile Gaming

• Total average monthly active users were 4.9 million, an increase of 273% from the same period in 2023 and an increase of 77% from the previous quarter.
• Total quarterly active paying users were 1.1 million, an increase of 299% from the same period in 2023 and an increase of 240% from the previous quarter.

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