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SOHU » Topics » Year Ended December 31, 2005 compared to Year Ended December 31, 2004

This excerpt taken from the SOHU 10-K filed Mar 8, 2007.

Year Ended December 31, 2005 compared to Year Ended December 31, 2004

Demonstrating our full dedication to our core business of online advertising, on June 20, 2006, we discontinued our unprofitable e-commerce business. As a result of the discontinuation of this business, the e-commerce business is accounted for as a discontinued operation. Accordingly, our statements of operations separate the discontinued operation for all periods presented. E-commerce revenues were $3.8 million and $6.2 million for the years ended December 31, 2005 and 2004, respectively. Cost of e-commerce revenues was $3.9 million and $6.1 million for the years ended December 31, 2005 and 2004, respectively.

 

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