Sohu reports $133 million revenue as quarterly loss widens

Sohu.com (NASDAQ:SOHU) reported third-quarter 2026 revenue of US$133 million, down 26% year-over-year, as declining online game revenue contributed to a US$15 million net loss.

The results marked a reversal from the same period last year, when Sohu recorded US$9 million in net income, while quarterly revenue also fell 2% from the second quarter.

Sohu reported that marketing services revenue increased 10% year-over-year to US$15 million, while online game revenue declined 30% to US$114 million.

Operating expenses decreased 9% year-over-year to US$120 million, while cash, short-term investments and long-term time deposits totaled approximately US$1.2 billion at September 30.

For the fourth quarter, Sohu forecasts marketing services revenue of US$13 million–US$14 million, online game revenue of US$111 million–US$121 million and a GAAP net loss of US$17 million–US$27 million.

The company also reported repurchasing 10.1 million American depositary shares for approximately US$134 million through November 5, 2026, as part of its capital return activity.

Sohu operates online media, marketing services and gaming businesses, with online games accounting for the largest share of its third-quarter revenue.