On August 5th, Sohu released its Q2 2024 financial report, which showed that the company's Q2 revenue reached $172 million, a year-on-year increase of 13% and a month on month increase of 24%. Among them, the brand advertising revenue was 20 million US dollars, an increase of 24% compared to the previous period; Online gaming revenue was $147 million, an increase of 25% compared to the previous period. The non GAAP net loss attributable to Sohu Corporation is $34 million.
In the second quarter of 2024, our online gaming revenue exceeded expectations and our net profit met previous expectations, "said Zhang Chaoyang, founder, chairman, and CEO of Sohu." In terms of overall business, Sohu Media and Sohu Video, relying on an increasingly optimized and interconnected product matrix, have further promoted the generation and consumption of high-quality content, effectively enhancing social interaction among users. Thanks to differentiated projects and marketing activities, we continue to strengthen our brand influence and explore diverse commercial opportunities