Sohu.com (SOHU - Free Report) reported fourth-quarter 2019 non-GAAP loss of 45 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 69 cents. The company had reported earnings of 37 cents in the year-ago period.
Revenues were up 5% year over year to $490 million. On a constant-currency basis, revenues grew 7% year over year.
The year-over-year growth in the top line was driven by improved performance of the company’s online game and other businesses, and cost-saving initiatives in Sohu Media and Sohu Video segments.
Top-Line Details
Total online advertising revenues decreased 5% year over year to $316 million.
Brand advertising revenues in the reported quarter fell 27% on a year-over-year basis to $42 million due to decreases in portal and video advertising revenues.
Search and search-related revenues were down 1% year over year to $275 million.
Sohu.com Inc. Price, Consensus and EPS Surprise
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Sohu.com (SOHU - Free Report) reported fourth-quarter 2019 non-GAAP loss of 45 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 69 cents. The company had reported earnings of 37 cents in the year-ago period.
Revenues were up 5% year over year to $490 million. On a constant-currency basis, revenues grew 7% year over year.
The year-over-year growth in the top line was driven by improved performance of the company’s online game and other businesses, and cost-saving initiatives in Sohu Media and Sohu Video segments.
Top-Line Details
Total online advertising revenues decreased 5% year over year to $316 million.
Brand advertising revenues in the reported quarter fell 27% on a year-over-year basis to $42 million due to decreases in portal and video advertising revenues.
Search and search-related revenues were down 1% year over year to $275 million.
Sohu.com Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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