- Brand advertising revenues were US$60.1 million, up 31% year-over-year and 2% quarter-over-quarter.
- Online game revenues reached US$91.7 million, up 30% year-over-year and 7% quarter-over-quarter.
- Sohu.com, owner of China's fourth-most visited website, posted a better-than-estimated 41 percent gain in profit after the company raised prices and boosted services such as video sharing. Fourth-quarter net income jumped to $41.5 million, or $1.07 a share, from $29.4 million, or 76 cents, a year earlier. The Beijing-based company was expected to post profit of $38.6 million, based on the average of eight analysts’ estimates compiled by Bloomberg. Sales rose 27 percent to $173.2 million.
- Sohu has increased spending on services such as its Sogou Internet search-engine to add users and counter competition from websites including Tencent Holding's Soso.com. and Youku.com. China’s more than 450 million Web users are downloading more content using their mobile phones as wireless network speeds increase, the government said.
- Changyou.com, the online-games unit of Sohu, increased fourth-quarter profit 23 percent to $47.8 million, according to a separate statement today. Sales rose 30 percent to $91.7 million, helped by games such as “Tian Long Ba Bu,” it said.
- Sohu raised advertising rates on some sites by 15 percent in October, according to a Jan. 13 report by Morgan Stanley.
- Sohu ranks behind only Baidu Inc., China’s biggest search- engine, Tencent’s QQ.com, and Sina Corp. in user traffic
- Sohu forecast first-quarter revenue may rise to between $164.5 million and $169.5 million. This compares with the $161.5 million average of eight analysts’ estimates compiled by Bloomberg.