Sohu Q3 2009 Net Income Up 17% YoY

Sohu PR, 10/26/09

Chinese online media, communication, search, online gaming and wireless value-added services provider Sohu (Nasdaq: SOHU) has released its earnings report for for the third quarter ended September 30, 2009, with net revenues reaching USD 136.6 mln, up 13 % YoY and 7% QoQ. Of total revenues, brand advertising revenues reached USD 48.5 mln, up 2% YoY and 11% QoQ; online game revenues totaled USD 68.7 mln, up 26% YoY and 3% QoQ; and wireless value-added services revenues totaled 16.8 mln, up 16% YoY and 12% QoQ.

Before deducting income for the non-controlling interest in its gaming subsidiary, Changyou, GAAP net income was USD 47.1 mln, an increase of 17% YoY and 11% QoQ. After the deduction, Sohu's GAAP net income was USD 34.4 mln.

Sohu estimates total revenues for Q4 to be between USD 134.5 mln and USD 138.5 mln, with advertising revenues of USD 48.0 mln to USD 50 mln, brand advertising revenues between USD 45 mln and USD 47 mln, and online game revenues between USD 69 mln and USD 71 mln.

Keywords: SP online advertising Changyou online gaming Internet Q3 2009 Sohu profit revenue fiscal report WVAS

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