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SOHU » Topics » Highlights For Fiscal Year 2006

This excerpt taken from the SOHU 8-K filed Feb 9, 2007.

Highlights For Fiscal Year 2006

 

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Record brand advertising revenues of US$79.0 million, up 35% year-on-year

 

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Record advertising revenues of US$91.8 million, up 29% year-on-year

 

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Non-advertising revenues of US$42.5 million, up 26% year-on-year

 

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Record total revenues of US$134.2 million, up 28% year-on-year

 

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Fiscal 2006 non-GAAP net income of US$32.8 million or US$0.85 per fully diluted share

 

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Fiscal 2006 GAAP net income of US$25.9 million or US$0.68 per fully diluted share

Dr. Charles Zhang, Chairman and CEO of Sohu, commented, “Our visionary leadership has enabled us to re-engineer Sohu into a technological-focused company. Accomplishments to date have been extraordinary, such as our peers-to-peers streaming technology for both live broadcasting and video-on-demand, as well as the just-launched Sogou 3.0. Our outstanding research and development team will continue to bring even more powerful and impressive products to market in 2007 and attract an even wider audience to Sohu’s premier matrix of websites. I have full confidence that our competitive advantage in technology will solidify Sohu’s leadership position in the China Internet space, especially in the brand advertising market.”

This excerpt taken from the SOHU 8-K filed Nov 1, 2006.

Highlights For Third Quarter 2006

 

•   Total revenues hit a record high of US$35.4 million, up 29% year-on-year and 4% quarter-on-quarter, exceeding company guidance

 

•   Brand advertising revenues of US$21.0 million, up 35% year on year and 9% quarter-on-quarter, exceeding company guidance and also reaching a record high

 

•   Advertising revenues of US$23.9 million, up 27% year-on-year and 5% quarter-on-quarter, meeting company guidance

 

•   Non-advertising revenues of US$11.5 million, exceeding company guidance, with wireless revenues of US$8.8 million, up 31% year-on year and only down a marginal 2% quarter-on-quarter despite new policy changes by the mobile network operators

 

•   Non-GAAP net income (i.e. excluding share-based compensation expenses) of US$8.5 million or US$0.22 per fully diluted share, exceeding company guidance

 

•   GAAP net income of US$6.6 million or US$0.17 per fully diluted share

 

•   Explanation of the Company’s non-GAAP financial measures and the related reconciliations to GAAP financial measures are included in the accompanying “Non-GAAP Disclosure” and the “Reconciliation to Unaudited Condensed Consolidated Statements of Operations”

Dr. Charles Zhang, Chairman and CEO of Sohu.com, commented, “This was another good quarter for Sohu with record total revenues of US$35.4 million backed by record high brand advertising revenues, which exceeded US$21.0 million and grew 35% year-on-year. We were also pleased with our wireless business, which showed only a modest 2% sequential decline after six consecutive quarters of steady sequential growth despite new policy changes by the mobile network operators. During the quarter, we’ve continued to successfully enhance our product and content offering to appeal to the increasingly sophisticated online user base in China by integrating our Web 2.0/ community-based products with traditional products and also expanding our premier, differentiated and exclusive content, particularly those relating to sports, leveraging our Olympics sponsorship role and the strong Sohu brand.”

This excerpt taken from the SOHU 8-K filed Aug 3, 2006.

Highlights For Second Quarter 2006

 

- Total revenues of US$34.1 million, up 36% year-on-year and 12% quarter-on-quarter exceeding company guidance

 

- Advertising revenues of US$22.8 million, up 35% year-on-year and 13% quarter-on-quarter, exceeding company guidance

 

- Non-advertising revenues of US$11.2 million, exceeding company guidance, with wireless revenues of US$9.0 million, up 41% year-on year and showing steady improvement up 12% quarter-on-quarter. Wireless business experienced sixth consecutive quarter of sequential growth

 

- Non-GAAP net income (i.e. excluding share-based compensation expenses) of US$8.4 million or US$0.22 per fully diluted share, meeting high-end of company guidance

 

- GAAP net income of US$7.2 million or US$0.19 per fully diluted share, including income from continuing operations of US$7.8 million and loss from discontinued E-commerce operations of US$0.6 million

 

- E-commerce business, reported as discontinued operations following a disposal activity, is excluded from reported results for continuing operations in both current and prior periods

 

- Explanation of the Company’s non-GAAP financial measures and the related reconciliations to GAAP financial measures are included in the accompanying “Non-GAAP Disclosure” and the “Reconciliation to Unaudited Condensed Consolidated Statements of Operations”

 

- On July 25, 2006, the board of directors approved an increase in the total amount of the stock repurchase program from US$15 million to US$30 million.

Dr. Charles Zhang, Chairman and CEO of Sohu.com, commented, “This was an exceptional quarter for Sohu. Total revenues of US$34.1 million for the second quarter of 2006 again exceeded our previous guidance, driven by our core advertising revenues growing 35% year-on-year and supplemented by wireless revenues growing 41% year-on-year. Our advertising revenues were boosted by the 2006 FIFA World Cup. Our exclusive rights to provide FIFA World Cup online video content were an integral part of our strategy to capture more advertising revenue by enhancing our rich media content offering. We continue to believe that providing premier, differentiated and exclusive content is the key for Sohu to sustain its leading competitive advantage in the online advertising space.”

This excerpt taken from the SOHU 8-K filed Apr 28, 2006.

Highlights For First Quarter 2006

 

•   Total revenues of US$31.3 million, up 32% year-on-year and 3% quarter-on-quarter despite slow seasonality, exceeding company guidance

 

•   Advertising revenues of US$20.1 million, up 35% year-on-year and down 1% quarter-on-quarter, exceeding company guidance

 

•   Non-advertising revenues of US$11.1 million, exceeding company guidance, with wireless revenues showing steady improvement up 10% quarter-on-quarter. Wireless business experienced fifth consecutive quarter of sequential growth.

 

•   Net income of US$6.0 million or US$0.16 per fully diluted share, meeting high-end of company guidance

 

•   Non-GAAP net income (i.e. excluding share-based compensation expenses) of US$7.8 million or US$0.20 per fully diluted share

 

•   Explanation of the Company’s non-GAAP financial measures and the related reconciliations to GAAP financial measures are included in the accompanying “Non-GAAP Disclosure” and the “Reconciliation to Unaudited Condensed Consolidated Statements of Operations”

Dr. Charles Zhang, Chairman and CEO of Sohu.com, stated, “2006 has so far been an excellent year for Sohu. For the first quarter of 2006, we achieved record total revenues of US$31.3 million, which exceeded our previous guidance, driven by our core advertising revenues growing 35% year-on-year and supplemented by wireless revenues growing 34% year-on-year. We also continued to expand our online and wireless content offerings via strategic relationships for important events such as the World Cup and Olympics. We have been successful in pursuing partnership opportunities surrounding high profile events because of our existing portal strength and brand presence in China. We believe we will be able to increasingly leverage these content partnerships to grow our user base and further drive the strong momentum we have been experiencing.”

 

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EXCERPTS ON THIS PAGE:

8-K
Feb 9, 2007
8-K
Nov 1, 2006
8-K
Aug 3, 2006
8-K
Apr 28, 2006

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