Sohu.com (NASDAQ:SOHU) reported fourth-quarter 2019 non-GAAP loss of 45 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 69 cents. The company had reported earnings of 37 cents in the year-ago period.
Revenues were up 5% year over year to $490 million. On a constant-currency basis, revenues grew 7% year over year.
The year-over-year growth in the top line was driven by improved performance of the company’s online game and other businesses, and cost-saving initiatives in Sohu Media and Sohu Video segments.
Top-Line Details
Total online advertising revenues decreased 5% year over year to $316 million.
Brand advertising revenues in the reported quarter fell 27% on a year-over-year basis to $42 million due to decreases in portal and video advertising revenues.
Search and search-related revenues were down 1% year over year to $275 million.
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