SHANGHAI :
Sohu Widened Its Second-Quarter Loss This Year
Dou Shicong
DATE:  Aug 06 2019
/ SOURCE:  yicai
Sohu Widened Its Second-Quarter Loss This Year Sohu Widened Its Second-Quarter Loss This Year

(Yicai Global) Aug. 5 -- Chinese internet firm Sohu.Com lost USD53 million in the second quarter, up 5 percent from a year earlier as a result of asset impairments made for subsidiary Changyou.

Without the adjustment it would have narrowed its 2018 second-quarter loss by 22 percent, according to the Beijing-based firm's financial report, published today.

Revenue slid 2 percent on the year to USD475 million but was up 10 percent from the previous quarter despite a 29 percent slide in brand advertising income.

Its share price [NASDAQ:SOHU] closed up 0.4 percent at USD12.22, giving it a market capitalization of USD476 million.

Editor: James Boynton

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Keywords:   Sohu.com Inc.,Revenues,Loss