Sohu's Q4 profit falls 25% on fewer ads
By Ding Yining |
February 2, 2010, Tuesday
|
Print Edition
Print Edition
SOHU.COM Inc reported a 25 percent annual fall in its fourth-quarter net income last year due to a drop in online advertising revenue.
Net profit in the quarter fell to US$42.4 million from US$56.6 million a year earlier, the Chinese company said in a statement yesterday.
Revenue in the period was US$135.8 million, a 12 percent rise from the same period a year ago but it was 1 percent lower compared to the third quarter in 2009.
Online advertising contributed US$45.9 million, a 5 percent drop from the third quarter, and income from online games jumped 21 percent annually to US$70.7 million.
"We'll continue to contribute to our portal business and online game sector, and our efforts in online videos are expected to attract more users and advertising revenue this year," said Charles Zhang, chairman and CEO of Sohu.
The portal's full-year revenue rose 20 percent from 2008 to US$515.2 million. Profit climbed 11 percent from a year earlier to US$176.4 million.
The company forecasts profit in the first quarter this year at between US$45 million and US$47.5 million.
In late December, Sohu set up a fund with Ku6.com, a wholly owned subsidy of Shanda Entertainment, to buy licenses to screen movies and television shows.
- 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.
