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SOHU » Topics » Business Highlights For Third Quarter 2005

This excerpt taken from the SOHU 8-K filed Nov 14, 2005.

Business Highlights For Third Quarter 2005

 

•   Chosen as official Internet Content Sponsor for the Beijing 2008 Olympic Games

 

•   Total revenues of US$28.3 million, within high end of company guidance

 

•   Advertising revenues of US$18.8 million, a 21% year-on-year and 11% quarter-on-quarter improvement, exceeding company guidance

 

•   Advertising revenues for the first nine months of 2005 increased 27% year-on-year

 

•   Non-advertising revenues of US$9.5 million, with wireless revenues showing steady improvement up 6% quarter-on-quarter

 

•   Net profit of US$8.0 million or US$0.21 per fully diluted share, towards high end of company guidance

 

•   Announced $15 million stock repurchase program

 

“I would like to highlight one of the most significant events in our company’s history. We are pleased to announce that Sohu has been chosen to be the Official Internet Content Sponsor for the Beijing 2008 Olympic Games. This will give Sohu exclusive cross-marketing and cross-selling opportunities with the other Fortune 1000 corporate partners and sponsors,” commented Charles Zhang, Chairman and CEO of Sohu. “We are also delighted to report another strong quarter, with financial results coming in largely towards high end of company guidance and above. As we continue to see solid growth from our advertising revenues supplemented by the enormous opportunities from the sponsorship of the Beijing 2008 Olympic Games, we feel confident Sohu’s future is on the right track.”

 

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