Sohu, founded in 1999 and operating with an estimated 17,550 employees, is a publicly owned company headquartered in China. The company reported $585.9M in revenue as of 2025 and functions as a tier 1 media tech buyer. Sohu specializes in media and TV services, operating a digital portfolio centered on its web portal, which provides news, information, and community services. It functions as a multi-platform media entity that integrates its core search services, via its subsidiary Sogou, with a digital video division, Sohu Video, which focuses on both licensed content and original serial productions. Sohu also maintains operations in the online gaming industry through its subsidiary Changyou, a developer and operator of massive multiplayer online games. The company generates revenue through online advertising, premium subscriptions, and game-related transactions within the Chinese digital landscape.
Sohu's second quarter 2026 earnings call, summarized on August 17, highlighted a 7% year-over-year revenue increase, primarily driven by its online gaming segment's outperformance. The company achieved a non-GAAP profit for the quarter despite continued operating losses within the Sohu Media Platform, with executives noting a cautious macroeconomic situation that impacted advertiser spending. Sohu will host its 2026 Annual General Meeting of Shareholders on September 16, 2026, to elect directors and ratify auditors. This follows Sohu's report on August 10, detailing second-quarter revenues of $136 million, a 7% increase year-on-year, though a 4% decline quarter-on-quarter. Online game revenues rose 10% year-on-year to $116 million, while marketing services revenues fell 3% to $15 million. Sohu returned to profitability with a GAAP net income of $200,000, aided by a $30 million tax-expense reversal. Management projected third-quarter revenue between $145 million and $165 million, expecting a net loss of $23 million to $30 million due to anticipated natural declines in older games. The company also repurchased 9.4 million ADSs for approximately $124 million, with $26 million of authorization remaining, maintaining a strong financial position with a current ratio of 2.96 and a gross profit margin of 78.28%.
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