On November 13th, Sohu, a US listed company, announced its financial report for the third quarter of 2023. According to the financial report, Sohu's total revenue in the third quarter was $145 million, of which brand advertising revenue was $22 million and online gaming revenue was $117 million. The company also announced a two-year stock repurchase plan with a total amount of up to $80 million.
According to the financial report, Sohu's total revenue in the third quarter of 2023 was $145 million. The non US GAAP net loss attributable to Sohu was $10 million, compared to a net loss of $17 million in the same period last year, which narrowed significantly year-on-year. Zhang Chaoyang, founder, chairman of the board of directors and CEO of Sohu, said, "In the third quarter, the company continued to optimize its products and improve operational efficiency. In terms of online games, the company continuously introduced new content and operational activities, and game revenue remained stable
It is reported that the financial report states that Sohu's board of directors has approved a two-year American depositary stock repurchase plan with a total amount of up to $80 million on November 11, 2023. The management will conduct the repurchase in the open market at market prices, and the company plans to use existing funds for this repurchase.