Sohu.com Q4 Earnings Call Highlights

1 month ago 15

MarketBeat

Mon, February 9, 2026 astatine 8:07 AM CST 7 min read

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Sohu reported Q4 gross of $142 million (+6% YoY, -21% QoQ) and full-year $584 million (-2% YoY); results were materially affected by a ~$285 million withholding taxation reversal tied to Changyou, producing GAAP Q4 nett income of $223 million and non-GAAP Q4 nett income of $261 million, portion 2025 non-GAAP results would person shown a $51 million nonaccomplishment excluding that reversal (a 40% betterment vs. 2024).
Games stay the halfway driver: Changyou delivered Q4 gross of $121 million and operating nett of $45 million (full-year gross $509 million, operating nett $238 million), whereas the societal media/media level continues to shrink and suffer wealth (Q4 gross $21 million, operating nonaccomplishment $72 million; full-year gross $75 million, operating nonaccomplishment $283 million).
For Q1 2026 absorption guided selling services of $10–11 million (down 20–27% YoY), online crippled gross of $113–123 million (roughly level to modestly up/down), and a preliminary GAAP/non-GAAP nett nonaccomplishment of $10–20 million; the institution has besides bought backmost 8.1 cardinal ADS for astir $106 million, with astir one-third of the repurchase programme remaining.
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Sohu.com (NASDAQ:SOHU) absorption said 4th fourth 2025 selling services gross came successful supra anterior guidance, portion online crippled gross met expectations, arsenic the institution highlighted merchandise and algorithm improvements connected its media level and ongoing contented updates crossed its crippled portfolio.

Chairman and CEO Dr. Charles Zhang reported full gross of $142 million for the 4th fourth of 2025, up 6% year-over-year and down 21% sequentially. Marketing services gross was $17 million, down 10% year-over-year and up 25% quarter-over-quarter. Online crippled gross was $120 million, up 10% year-over-year and down 26% sequentially.

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For the afloat twelvemonth 2025, Zhang said full gross was $584 million, down 2% from 2024. Marketing services gross was $60 million, down 18%, portion online crippled gross was $506 million, up 1% year-over-year.

Zhang noted that results were affected by the reversal of antecedently accrued withholding income taxation related to Changyou of astir $285 million. After giving effect to that reversal, Sohu reported GAAP nett income attributable to Sohu.com Limited of $223 million for the 4th quarter, compared with a net nonaccomplishment of $21 million successful the 4th fourth of 2024 and net income of $9 million successful the 3rd 4th of 2025.