Q3 2025 Sohu.com Ltd Earnings Call Transcript
Key Points
- Sohu.com Ltd (SOHU) reported a positive net income of $9 million for the third quarter of 2025, a significant improvement from a net loss of $16 million in the same quarter last year.
- Total revenues for the third quarter of 2025 were $180 million, marking a 19% year-over-year increase and a 43% quarter-over-quarter increase.
- Online game revenues reached $162 million, up 27% year-over-year and 53% quarter-over-quarter, driven by strong performance from both new and established game titles.
- The company successfully launched a new PC game, TLBB: Return, which exceeded revenue expectations and attracted many former players.
- Sohu.com Ltd (SOHU) has repurchased 7.6 million ADS for approximately $97 million, completing about two-thirds of its $150 million share repurchase program.
- Marketing services revenues were $14 million, down 27% year-over-year and 13% quarter-over-quarter, indicating challenges in this segment.
- The Sohu Media platform reported quarterly revenues of $17 million, a decrease from $23 million in the same quarter last year.
- The company anticipates a non-GAAP and GAAP net loss attributable to Sohu.com Ltd (SOHU) between $25 million and $35 million for the fourth quarter of 2025.
- The macroeconomic environment remains challenging, with pressure on advertising revenues from sectors like auto and IT services.
- Despite strong third-quarter performance, the company expects a sequential decline in online game revenues for the fourth quarter of 2025.
Ladies and gentlemen, thank you for standing by and good evening. Thank you for joining Sohu's third-quarter 2025 earnings conference call. (Operator Instructions) Today's conference call is being recorded. If you have any objections, you may disconnect at this time.
I'd now like to turn the conference over to your host for today's conference call, Huang Pu, Investor Relations Director of Sohu. Please go ahead.
Thanks, operator. Thank you for joining us to discuss Sohu's third-quarter 2025 results. On the call are Chairman and the Chief Executive Officer, Dr. Charles Zhang; CFO, Joanna Lv; and the Vice President of Finance, James Deng. Also with us are Changyou's CEO, Dewen Chen; and CFO, Yaobin Wang.
Before management begins their prepared remarks, I would like to remind you of the company's Safe Harbor statement in connection with today's conference call. Except for the historic information contained herein, the matters discussed on this call may contain forward-looking statements. These
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