Sohu's 2025 Financial Report: Revenue Stabilizes, Losses Narrow, Gaming Business Contributes Over 80%

2026-02-21 21:59:20

The Economic Observer Net Sohu released its Q4 and full-year 2025 financial reports, with total annual revenue of $584 million and Q4 revenue of $142 million, representing a 6% year-over-year increase, showing signs of stabilization and recovery.

Performance and Operating Conditions

Online gaming remains Sohu’s core revenue source, contributing $506 million in 2025, accounting for over 86% of the total annual revenue; Q4 online gaming revenue was $120 million. Excluding the impact of tax provisions related to Changyou, the non-GAAP net loss for 2025 was $51 million, narrowing by nearly 40% from $83 million in the same period in 2024, reflecting effective cost control and business optimization.

Funding Movements

As of February 5, 2026, Sohu has repurchased approximately 81 million American Depositary Shares (ADS), totaling about $106 million, close to 71% of its $150 million repurchase target, demonstrating management’s confidence in the company’s value.

Brand Marketing Activities

Sohu has continuously hosted brand events such as the “Sohu News Marathon” and “Zhang Chaoyang’s Physics Class” to strengthen content ecosystem and user engagement, and to enhance the social attributes of its media platform.

The above content is compiled from publicly available information and does not constitute investment advice.

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