Sohu.com Limited American Depositary Shares 2026 Q2 Earnings Call
Review the key takeaways and the transcript of this earnings call.
- Sohu reported total revenue of $136 million for the second quarter of 2026, up 7% year over year and down 4% quarter over quarter.
- Marketing services revenues were $15 million, down 3% year over year and up 21% quarter over quarter.
- Online gaming revenues were $116 million, up 10% year over year and down 7% quarter over quarter.
- Net income attributable to Sohu.com Limited was $200,000, compared with a net loss of $20 million in Q2 2025 and a net loss of $4 million in Q1 2026, after a $30 million tax expense reversal.
- Non-GAAP net income was $500,000, compared with net losses in prior periods.
- The social media platform revenue was $90 million, flat year over year, with an operating loss of $71 million, slightly higher than the prior year.
- Changyou segment revenues were $170 million, up from $107 million year over year, with operating profit of $56 million, up from $51 million.
- Sohu repurchased 9.4 million ADSs at a cost of approximately $124 million and extended its share repurchase program authorization to an open-ended basis until $150 million is reached.
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Transcript
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Ladies and gentlemen, thank you for standing by, and good evening. Thank you for joining Sohu second quarter 2026 earnings conference call. At this time, all participants are in listen-only mode. After management prepared remarks, there will be a Q&A session. Today's conference call is being recorded. If you have any objections, you may now disconnect at this time. I would now like to turn the conference over to your host for today's conference call, Pu Huang, Investor Relations Director of Sohu.
Please go ahead. Thanks, operator.
Thank you for joining us to discuss Sohu second quarter 2026 results. On the call are Chairman and Chief Executive Officer, Dr. Charles Zhang, CFO Jenny Liu, and Vice President of Finance, James Deng. Also with us are Changyou CEO Dewen Chen, and CFO Yaobin Wang. Before management begins, I would like to remind you of the company's safe harbor statement shown on today's conference call. Except for the historical information contained herein, the matters discussed on this call may contain forward-looking statements. These statements are based on current plans, estimates, and projections. You should not place undue reliance on them. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statements.
For more information about the potential risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission, including the most recent annual report on 2025. With that, I will now turn the call over to Dr. Charles Zhang.
Thanks, Pu Huang. Thank you, everyone, for joining our call. In the second quarter of 2026, our marketing services revenues, online game revenue, and bottom line performance all exceeded our previous guidance. For the Sohu Media Platform, we continued to refine our products and host diverse events and activities to stimulate communication and interaction among users, which further strengthened the platform's social features and promoted its vigorous and healthy development. Leveraging our differentiated content and events, we were able to address advertisers' needs and continue to explore diversified monetization opportunities. For online games, we remain committed to our long-term operation strategy and continue to launch diverse content updates to deliver rich and engaging experiences for game players. Before going through each business unit in more detail, let me first give you a quick overview of our financial performance. Please be advised that this release relates to continuing operations only.
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