/ Aswen News/Guangzhou, August 09, 2022 -- Sohu announced its financial report for the second quarter of 2022 on August 8, 2022. Results show that the second quarter of Sohu company total revenue of $195 million, net profit of $12 million exceeded expectations. Charles Zhang, founder, Chief Executive Officer and CEO of Sohu, said, "In the second quarter of 2022, the COVID-19 epidemic and related prevention and control had some impact on economic activities nationwide. We are proactive in meeting challenges, constantly optimizing products and technologies, and exploring new commercialization opportunities. During the quarter, our advertising revenue was at the upper end of guidance and group earnings exceeded guidance thanks to a solid performance in our online gaming business."
Sohu reported a total revenue of $195 million in the second quarter of 2022, of which brand advertising revenue was $25 million and online gaming revenue was $157 million. Non-gaap net income attributable to Sohu was $12 million.
< /p>Overall business, "Sohu Media and Sohu video, we continue to produce and disseminate reliable news and quality content, consolidate Sohu as a mainstream media platform's core competitiveness and credibility. Relying on the differentiation advantage of Sohu's product matrix, we combine online and offline multi-scene activities to expand live streaming to a wider scientific field. Online gaming was solid and revenue was in line with expectations." Mr. Zhang said.
