Sohu Reports Strong 2Q Results; Sogou Plans IPO in U.S.
Sohu’s strong second-quarter result was above our expectation, thanks to the successful launch of hit mobile game Legacy TLBB Mobile and the recovery of Sogou's search revenue. The announcement of Sogou’s plan to be listed in the United States was a surprise to us. Legacy TLBB Mobile has been ranked as one of the top grossing games in China since its launch in mid-May. We had embedded this scenario in our previous valuation, but our forecast gross revenue growth from the new hit game was more mo...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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