On November 12th, Sohu released its Q3 2024 financial report, which showed that the company's Q3 revenue was $152 million, a year-on-year increase of 5%. Among them, brand advertising revenue was 19 million US dollars, and online gaming revenue was 128 million US dollars; The non GAAP net loss attributable to the listed company was $12 million, better than expected. Previously, Sohu estimated a loss of between $30 million and $40 million in the third quarter.
From an overall business perspective, in terms of Sohu Media and Sohu Video, we have been continuously improving our products and optimizing user experience while continuously integrating resources and organizing diverse featured projects and marketing activities. This has effectively promoted social interaction among users, enhanced brand influence, and obtained more commercial opportunities. Thanks to high-quality content updates and stable game operations, the online gaming business has performed beyond previous expectations, "said Zhang Chaoyang, founder, chairman, and CEO of Sohu.