On March 4, 2024, Sohu Corporation released its financial reports for the fourth quarter and fiscal year of 2023. According to the financial report, Sohu's total revenue in the fourth quarter was $141 million, with a total annual revenue of $601 million. At the same time, the board of directors of Sohu announced an increase in the amount of its stock repurchase plan, from a maximum of $80 million to a maximum of $150 million.
"In the fourth quarter and full year of 2023, while our advertising budget remained cautious, we continued to improve operational efficiency and strictly control costs. Based on this, our net profit reached the high line previously expected in the fourth quarter of 2023," said Zhang Chaoyang, founder, chairman of the board of directors, and CEO of Sohu
According to the financial report, Sohu's total revenue in the fourth quarter of 2023 was $141 million. Among them, brand advertising revenue is 20 million US dollars, and online gaming revenue is 115 million US dollars. In 2023, Sohu's total revenue was 601 million US dollars. Among them, brand advertising revenue was 89 million US dollars, and online gaming revenue was 480 million US dollars.