On November 12, 2024, Sohu Corporation released its financial report for the third quarter of 2024. According to the financial report, Sohu's total revenue in the third quarter was 152 million US dollars, an increase of 5% compared to the same period in 2023. Among them, brand advertising revenue was $19 million, and online gaming revenue was $128 million.
In the third quarter of 2024, our brand advertising revenue reached the previously expected high line, and our online gaming revenue and net loss were both better than expected, "said Zhang Chaoyang, founder, chairman, and CEO of Sohu
According to the financial report, in the third quarter of 2024, Sohu's total revenue was $152 million, and the non GAAP net loss attributable to Sohu was $12 million, which was better than expected. Previously, Sohu estimated a loss of between $30 million and $40 million in the third quarter.
Overall, in terms of Sohu Media and Sohu Video, while continuously improving our products and optimizing user experience, we have also integrated resources and organized diverse featured projects and marketing activities. This has helped us effectively promote social interaction among users, enhance brand influence, and gain more commercialization opportunities. Thanks to high-quality content updates and stable game operations, our online gaming business has performed beyond previous expectations, "said Zhang Chaoyang.