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SOHU » Topics » Business Highlights

This excerpt taken from the SOHU 8-K filed Aug 2, 2005.

Business Highlights

 

Highlights for the second quarter 2005:

 

  •   Total revenues of US$25.9 million, within high end of company guidance

 

  •   Advertising revenues of US$17.0 million, a 27% year-on-year and 14% quarter-on-quarter improvement

 

  •   Non-advertising revenues of US$8.9 million, with wireless revenue up 7% quarter-on-quarter, reflecting a continuing recovery in the company’s wireless business

 

  •   Net profit of US$7.1 million or US$0.18 per fully diluted share, meeting company guidance

 

  •   The closing on May 31, 2005 of the acquisition of Go2Map, a leading online mapping services provider

 

“We are pleased to report a solid performance in our top and bottom line for the second quarter with healthy growth in our brand advertising, a strong uptake in our search revenue as traffic on our search engine SoGou shows rapid growth, and the recovery of our wireless business well on track,” said Charles Zhang, Chairman and CEO of SOHU.

 

This excerpt taken from the SOHU 8-K filed Apr 29, 2005.

Business Highlights

 

Highlights for the first quarter 2005:

 

  •   Total revenues of US$23.73 million, above company guidance

 

  •   Advertising revenue of US$14.86 million, within the high end of company guidance

 

  •   Non-advertising revenue of US$8.87 million, exceeding company guidance due to wireless business recovery resulting in 28% quarter-on-quarter growth

 

  •   Net profit of US$5.71 million or US$0.15 per fully diluted share, meeting company guidance

 

“We are pleased to report these first quarter results. Despite seasonal weakness in online advertising due to the Chinese New Year holidays in February, advertising and sponsored search sales performed strongly relative to our expectations. Wireless business has turned the corner with quarterly sequential revenue growth exceeding our expectations, indicating that we have left last year’s transitional and regulatory issues behind us. As a result, we believe SOHU’s first quarter results put us on firm ground for a good business year. I am particularly pleased to note that quarter-on-quarter sponsored search revenue achieved some growth while search traffic doubled,” said Charles Zhang, Chairman and CEO of SOHU.

 

This excerpt taken from the SOHU 8-K filed Feb 9, 2005.

Business Highlights

 

Highlights for the fourth quarter 2004:

 

  •   Total revenues of US$24.1 million meet company guidance

 

  •   Advertising revenue of US$15.9 million and non-advertising revenue of US$8.2 million in line with company guidance

 

  •   US GAAP net profit of US$6.5 million or US$0.17 per fully diluted share within company guidance

 

Highlights for fiscal 2004:

 

  •   Record total revenues of US$103.2 million, a 28% increase year-on-year

 

  •   Advertising revenue increases 89% year-on-year to US$55.7 million

 

  •   Fiscal 2004 US GAAP net income of US$35.6 million or US$0.89 per fully diluted share, a 35% increase year-on-year

 

  •   Operating profit reaches US$34.0 million with operating profit margin of 33%

 

“Fiscal year 2004 was a year of unprecedented online advertising success while we managed through a difficult operating environment in our wireless business. Our core business of brand advertising and sponsored search, which in the fourth quarter contributed two-thirds of our revenues, is a strong and proven basis from which to re-ignite overall growth for the company. We believe the worst in our wireless business decline is behind us. Management confidence is high as we focus relentlessly on executing our strategy of building a diversified Internet and wireless business for long-term growth in the Chinese market,” said Charles Zhang, Chairman and CEO of SOHU.

 

EXCERPTS ON THIS PAGE:

8-K
Aug 2, 2005
8-K
Apr 29, 2005
8-K
Feb 9, 2005

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