Putting Sohu’s FVE Under Review After Weak Results but Optimistic 2019 Guidance
No-moat Sohu's net loss came in at USD 92.8 million, missing guidance by 19%-36%. Net revenue growth in the first quarter clocked in at 22%, beating the high end of guidance of 16% due to online games (24% versus the top end of guidance of 18%) and the other segments (12% versus guidance of negative 28%). Management guided that Sohu as a whole will be profitable in first-half 2019 and the media portal and Sohu Video will be profitable in 2019. Sohu’s businesses excluding Sogou and Changyou are e...Sohu.com is an internet company based in China. Co. provides a network of Web properties and community based/Web 2.0 products which offer its user community base a broad array of choices regarding information, entertainment and communication. Co. maintains comprehensive matrices of Chinese language web properties and proprietary search engines, consisting of the mass portal and online media destination www.sohu.com; the interactive search engine www.sogou.com; the developer and operator of online games www.changyou.com/en/ and online video Website tv.sohu.com. Co. also provides multiple news and information services on mobile platforms, including Sohu News App and m.sohu.com.
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