Related News
Sohu sees profit dive 91% due to expenses
Print Edition
Chinese portal Sohu.com Inc said yesterday that its latest quarterly profit tumbled to US$2 million due to higher expenses but revenue rose 29 percent, reflecting intense competition in China’s Internet industry.
Earnings for the three months ended on December 31 plunged 91 percent from the US$23 million reported for the same quarter a year earlier. The Beijing-based company said revenue rose 29 percent to US$385 million.
The company was squeezed by a 78 percent rise in operating expenses that it said was due mainly to a bigger staff and increased costs for marketing and promotion.
Sohu provides entertainment, games and communication services. Its properties include search engine Sogou, games company Changyou and an online video site.
Sohu and Tencent Holdings Ltd, an online games and entertainment company, agreed in September to merge their search engines in a deal in which Tencent also would invest US$448 million in the new combined operation.
“By partnering with Tencent, Sogou has become a stronger contender in China’s search market,” said Chairman Charles Zhang in a statement. “And Changyou delivered solid financial results while investing aggressively in multiple new initiatives for long-term growth.”
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
