On November 12th, Sohu released its financial report for the third quarter of 2024. The company's total revenue for 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 US dollars, and online gaming revenue was 128 million US dollars.
The financial report shows that in the third quarter, the company's net loss (non GAAP) was $12 million, better than expected. Previously, Sohu estimated a loss of between $30 million and $40 million in the third quarter.
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 better than expected, "said Zhang Chaoyang, founder, chairman, and CEO of Sohu Media and Sohu Video