Sohu's revenue in the first quarter decreased by 14% year-on-year to $139 million
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发表于 2024-5-20 16:06:43
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Sohu Corporation announced its financial report for the first quarter of 2024 today. The financial report shows that the revenue for the first quarter was 139 million US dollars, a year-on-year decrease of 14%. Sohu expects its online gaming revenue to increase from $133 million to $143 million in the second quarter.
Meanwhile, according to Sohu's previously announced repurchase plan for up to $150 million in American Depositary Shares, as of May 16, 2024, Sohu has repurchased 1726718 shares of Sohu American Depositary Shares for a total amount of approximately $17 million.
As of the close on May 17th US time, Sohu closed down 1.41% at $11.93 per share.
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Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
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