Sohu.com Limited (SOHU) Earnings Call Transcripts

Sohu.com Limited's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Sohu.com Limited reported total revenues of $141 million, a 4% increase year-over-year but a 1% decline quarter-over-quarter. The company experienced a GAAP net loss of $4 million, contrasting sharply with a net income of $182 million in Q1 2025. Management provided cautious guidance for Q2, expecting marketing services revenue to decline by 10% to 17% year-over-year, while online game revenues are projected to range between $104 million and $114 million, indicating a potential decrease of up to 17% sequentially. This outlook suggests ongoing challenges in the advertising market and a cautious approach to spending amid a weaker macroeconomic environment.

Reported metrics

Guidance from management

Management expects marketing services revenue for Q2 2026 to be between $30 million and $40 million, reflecting a year-over-year decline of 10% to 17%. Online game revenues are anticipated to be between $104 million and $114 million, indicating a sequential decrease of up to 17%.

What management said

[Interpreted] So far, the performance of the second quarter is largely in line with our expectation. And the level of revenue will largely depend on the performance of the content and activities were planned to roll out for our [ TLBB ] series game to see whether they can satisfy users' needs. So far, we believe it is in line with our expectations. Also, as we plan to roll out fewer promotional and revenue booking ac...

So the game TLB return that was in Q1 did have impact by Q3 revenue decline in the year-over-year ones. [indiscernible]. So you have a third question, Thomas? [indiscernible] all over?

What analysts pressed on

Analysts expressed concerns regarding the advertising outlook, questioning whether the macroeconomic environment is worsening. There were also inquiries about the widening losses expected in Q2, with some analysts worried that this could set a negative benchmark for Q3 and Q4 performance.

Main topics on the call

• Revenue Performance — Sohu's total revenues for Q1 2026 were $141 million, which was 'up 4% year-over-year' but 'down 1% quarter-over-quarter.' The online game segment performed well, contributing $125 million, 'up 6% year-over-year.'
• Marketing Services Decline — Marketing services revenue decreased by '8% year-over-year and 26% quarter-over-quarter,' reflecting ongoing challenges in the advertising market. Management noted that advertisers are 'cautious in spending' due to a dow...
• Online Game Revenue Stability — The online game business showed resilience with revenues exceeding prior guidance, attributed to 'high-quality content and targeted operational refinements.' This segment's revenue was $125 million, indicating a '3% quar...
• Net Loss Comparison — Sohu reported a GAAP net loss of $4 million, a significant decline from a net income of $182 million in Q1 2025. This stark contrast highlights the challenges faced in the current fiscal environment.

Read the full Sohu.com Limited transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 Sohu.com Limited earnings call transcripts on record, spanning March 9, 2020 to May 18, 2026. Based on this history, Sohu.com Limited reports quarterly. The most recent call on file is dated May 18, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SOHU

Exchange

NasdaqGS

Country

US

Sector

Communication Services

Industry

Entertainment

Calls on record

26

First call

March 9, 2020

Most recent

May 18, 2026

Reporting cadence

quarterly