China's Sohu.com Q2 revenue rises on growth in online gaming
SOHU•Outlook for Q3
- Sohu.com sees Q3 marketing services revenue between $14 mln and $15 mln
- Company expects Q3 online game revenue between $105 mln and $115 mln
- Sohu.com forecasts Q3 net loss attributable to company between $13 mln and $23 mln
Analyst coverage
- The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the online services peer group is "buy."
- Wall Street's median 12-month price target for Sohu.com Ltd is $19.00, about 38.6% above its August 7 closing price of $13.71
Key financial details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | $135.54 mln | ||
| Q2 EPS | $0.04 | ||
| Q2 Net Income from continuing operations | $235,000 | ||
| Q2 Operating Expenses | $124.88 mln | ||
| Q2 Operating Income | -$18.30 mln |
Q2 results and drivers
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China online media and game firm's Q2 revenue rose 7% yr/yr, net income turned positive
