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

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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