Total revenues were $141 million, up 4% year over year and down 1% sequentially. Marketing services revenues were $13 million, down 8% year over year and down 26% sequentially. Online game revenues were $125 million, up 6% year over year and up 3% sequentially. GAAP net loss attributable to Sohu.com Limited was $4 million, improving versus prior periods. Non-GAAP net loss attributable to Sohu.com Limited was also $4 million, improving from a $16 million net loss in the first quarter of 2025. Changyou revenues were $125 million and Changyou operating profit was $66 million. Share repurchases totaled 8.7 million ADS for about $160 million as of May 13, 2026. Q2 2026 guidance projected marketing services revenue between $13 million and $14 million and online game revenue between $104 million and $114 million, with GAAP and non-GAAP net loss between $50 million and $25 million.
"Total Revenues -- $141 million, up 4% year over year, and down 1% sequentially from the previous quarter. Marketing Services Revenues -- $13 million, down 8% year over year, and down 26% sequentially. Online Game Revenues -- $125 million, up 6% year over year, and up 3% sequentially."
"GAAP Net Loss Attributable to Sohu.com Limited -- $4 million loss, compared with $182 million net income in the first quarter of 2025, and $223 million net income in the fourth quarter of 2025. Non-GAAP Net Loss Attributable to Sohu.com Limited -- $4 million loss, improved from $16 million net loss in the first quarter of 2025, and compared with $261 million net income in the fourth quarter of 2025."
"Share Repurchases -- 8.7 million ADS repurchased, at a total cost of approximately $160 million as of May 13, 2026. Q2 2026 Marketing Services Revenue Guidance -- Expected between $13 million and $14 million, representing a sequential increase of approximately 7%. Q2 2026 Online Game Revenue Guidance -- Expected between $104 million and $114 million, implying a sequential decrease of 8%-17%."
"Q2 2026 Net Loss Guidance -- GAAP and Non-GAAP net loss projected between $50 million and $25 million. Industry Advertising Contributions -- Auto and IT sectors each contributed 19%, while FMCG sector contributed 14% of advertising revenue."
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