Sohu.com (SOHU) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Mon, February 9, 2026 astatine 9:39 AM CST 15 min read

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Monday, February 9, 2026 astatine 7:30 a.m. ET

• Chairman and Chief Executive Officer — Charles Zhang

• Chief Financial Officer — Joanna Lv

• President and COO, Changyou.com — Yaobin Wang

Charles Zhang: Thanks, Huang Pu, and convey you everyone for joining our call. In 2025, our selling services revenues exceeded our erstwhile guidance, portion online crippled revenues were successful enactment with our expectations. Our non-GAAP bottommost enactment performance, excluding the interaction of the Changyou withholding income taxation reversal, came successful astatine the precocious extremity of our anterior guidance. For our societal media platform, we proceed to amended our products and algorithms to code idiosyncratic needs and heighten their experiences crossed antithetic scenarios. We proceed to big a assortment of innovative events, which generated abundant premium content, rapidly promoted idiosyncratic engagement, and enabled america to seizure much monetization opportunities.

For our online games, we stay committed to semipermanent operational excellence and proceed to present high-quality contented updates and compelling experiences to our players. Before going done each concern portion successful much detail, fto maine archetypal springiness you a speedy overview of our fiscal performance. For 2025, the full gross was $142 million, up 6% year-over-year and down 21% quarter-over-quarter. Marketing services revenues were $17 million, down 10% year-over-year and up 25% quarter-over-quarter. Online crippled revenues were $120 million, up 10% year-over-year and down 26% quarter-over-quarter.

After giving effect to the reversal of antecedently accrued withholding income taxation of astir $285 cardinal related to Changyou, GAAP nett income attributable to Sohu.com Limited was $123 million, compared with a nett nonaccomplishment of $21 cardinal successful the 4th fourth of past year, meaning 2024, and nett income of $9 cardinal successful 2025. After giving effect to the above-mentioned reversal of the withholding income tax, non-GAAP nett income attributable to Sohu.com Limited was $261 million, compared with a nett nonaccomplishment of $15 cardinal successful 2024 and a nett income of $9 cardinal successful 2025. For the afloat twelvemonth of 2025, full revenues were $584 million, down 2% compared with 2024.

Marketing services revenues were $60 million, down 18% compared with 2024. Online games revenues were $506 million, up 1% compared with 2024. GAAP nett income attributable to Sohu.com Limited was $394 million, compared with a nett nonaccomplishment of $100 cardinal successful 2024. Non-GAAP nett income attributable to Sohu.com Limited was $234 million, compared with a nett nonaccomplishment of $83 cardinal successful 2024. Excluding the reversal of accrued income tax, the 2025 income is simply a $51 cardinal loss, a 40% betterment implicit 2024. So present I volition spell done our cardinal businesses successful much detail. First, our societal media platform. We proceed to refine our products and heighten algorithms to code divers idiosyncratic needs successful assorted scenarios.