Sohu.com (SOHU)

Operating Profit

As a result of the foregoing, our operating profit increased by $19.5 million to $50.0 million for the three months ended March 31, 2009, as compared to $30.5 million for the three months ended March 31, 2008. The operating profit for the three months ended March 31, 2009 and 2008 included $2.3 million and $3.5 million, respectively, for share-based compensation expense recorded under SFAS 123(R).

Operating Profit

As a result of the foregoing, our operating profit increased by $131.1 million to $163.8 million for the year ended December 31, 2008, as compared to $32.7 million for the year ended December 31, 2007. The operating profit for the years ended December 31, 2008 and 2007 included $10.6 million and $8.8 million, respectively, for share-based compensation expense recorded under SFAS 123(R).

Operating Profit

As
a result of the foregoing, our operating profit increased by $131.1 million to $163.8 million for the year ended December 31, 2008, as compared to $32.7 million for the year ended December 31, 2007. The operating profit for the years ended
December 31, 2008 and 2007 included $10.6 million and $8.8 million, respectively, for share-based compensation expense recorded under SFAS 123(R).

SIZE="2">Other Income (Expense)

For the year ended December 31, 2008, other expense of $535,000 consisted of charitable donations of $573,000
made for the Sichuan Earthquake in May 2008, offset by $38,000 miscellaneous income. For the year ended December 31, 2007, other income of $887,000 consisted of $561,000 gain from disposal of interest in an associate, $503,000 of certain tax
refund and $71,000 miscellaneous income, offset by the amortization of $248,000 of the offering costs of our zero coupon convertible senior notes issued in July 2003.

FACE="Times New Roman" SIZE="2">Interest Income and Exchange Difference

For the year ended December 31, 2008, interest income and exchange
difference were $4.3 million, comprising interest income of $4.4 million and exchange loss of $0.1 million. For the year ended December 31, 2007, interest income and exchange difference was $2.8 million, comprising interest income of $2.6
million and exchange gain of $0.2 million.

Operating Profit

As a result of the foregoing, our operating profit increased by $8.1 million to $32.7 million for the year ended December 31, 2007, as compared to $24.6 million for the year ended December 31, 2006. The operating profit for the years ended December 31, 2007 and 2006 included $8.8 million and $6.9 million, respectively, for share-based compensation expense recorded under SFAS 123(R).

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Operating Profit

As a result of the foregoing, our
operating profit increased by $8.1 million to $32.7 million for the year ended December 31, 2007, as compared to $24.6 million for the year ended December 31, 2006. The operating profit for the years ended December 31, 2007 and 2006
included $8.8 million and $6.9 million, respectively, for share-based compensation expense recorded under SFAS 123(R).

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Operating Profit

As a result of the foregoing, our operating profit increased by $34.9 million to $43.8 million for the three months ended September 30, 2008, and increased by $96.3 million to $114.2 million for the nine months ended September 30, 2008, as compared with the corresponding three and nine month periods in 2007. The operating profit for the three and nine months ended September 30, 2008 included $2.6 million and $8.2 million, respectively, for share-based compensation expense recorded under SFAS 123(R). The operating profit for the three and nine months ended September 30, 2007 included $2.0 million and $6.9 million, respectively, for share-based compensation expense recorded under SFAS 123(R).

Operating Profit

As a result of the foregoing, our operating profit increased by $34.9 million to $39.9 million for the three months ended June 30, 2008, and increased by $61.4 million to $70.4 million for the six months ended June 30, 2008, as compared to the corresponding three and six month periods in 2007. The operating profit for the three and six months ended June 30, 2008 included $2.2 million and $5.7 million, respectively, for share-based compensation expense recorded under SFAS 123(R). The operating profit for the three and six months ended June 30, 2007 included $2.4 million and $4.9 million, respectively, for share-based compensation expense recorded under SFAS 123(R).

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Operating Profit

As a result of the foregoing, our operating profit increased by $26.4 million to $30.5 million for the three months ended March 31, 2008, as compared to $4.1 million for the three months ended March 31, 2007. The operating profit for the three months ended March 31, 2008 included $3.5 million of share-based compensation expense, as compared to $2.5 million of share-based compensation expense for the three months ended March 31, 2007.

Operating Profit

FACE="Times New Roman" SIZE="2">As a result of the foregoing, our operating profit increased by $8.1 million to $32.7 million for the year ended December 31, 2007, as compared to $24.6 million for the year ended December 31, 2006. The
operating profit for the years ended December 31, 2007 and 2006 included $8.8 million and $6.9 million, respectively, for share-based compensation expense recorded under SFAS 123(R).

Operating Profit

As a result of the foregoing, our operating profit decreased by $1.6 million to $24.6 million for the year ended December 31, 2006, as compared to $26.2 million for the year ended December 31, 2005. The operating profit for the year ended December 31, 2006 included $6.9 million for share-based compensation expense recorded under SFAS 123(R). The operating profit for the year ended December 31, 2005 included $2,000 for share-based compensation expense recorded under APB 25.

Operating Profit

As a result of the foregoing, our operating profit increased by $2.7 million to $8.8 million for the three months ended September 30, 2007, and decreased by $1.1 million to $17.8 million for the nine months ended September 30, 2007, as compared to the corresponding three and nine month periods in 2006. The operating profit for the three and nine months ended September 30, 2007 included $2.0 million and $6.9 million, respectively, for share-based compensation expense recorded under SFAS 123(R). The operating profit for the three and nine months ended September 30, 2006 included $1.9 million and $4.9 million, respectively, for share-based compensation expense recorded under SFAS 123(R).

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Operating Profit

As a result of the foregoing, our operating profit decreased by $1.7 million to $4.9 million for the three months ended June 30, 2007, and decreased by $3.8 million to $9.0 million for the six months ended June 30, 2007, as compared to the corresponding three and six month periods in 2006. The operating profit for the three and six months ended June 30, 2007 included $2.4 million and $4.9 million, respectively, for share-based compensation expense recorded under SFAS 123(R). The operating profit for the three and six months ended June 30, 2006 included $1.3 million and $3.0 million, respectively, for share-based compensation expense recorded under SFAS 123(R).

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Operating Profit

As a result of the foregoing, our operating profit decreased by $2.1 million to $4.1 million for the three months ended March 31, 2007, as compared to $6.2 million for the three months ended March 31, 2006. The operating profit for the three months ended March 31, 2007 included $2.5 million of share-based compensation expense, as compared to $1.7 million of share-based compensation expense for the three months ended March 31, 2006.

Operating Profit

As a result of the foregoing, our operating profit decreased by $8.8 million to $26.2 million for the year ended December 31, 2005, as compared to $35.0 million for the year ended December 31, 2004. The operating profit for the years ended December 31, 2005 and 2004 included $2,000 and $7,000, respectively, for stock-based compensation expenses recorded on the grant of certain stock options, which amounts are being amortized over the vesting period of the options, ranging from one to four years.

Operating Profit

As a result of the foregoing, our operating profit decreased by $1.3 million to $6.1 million for the three months ended September 30, 2006, and decreased by $1.1 million to $18.9 million for the nine months ended September 30, 2006, as compared to the corresponding three and nine month periods in 2005. The operating profit for the three and nine months ended September 30, 2006 included $1.9 million and $4.9 million, respectively, for share-based compensation expense recorded under SFAS 123(R). The operating profit for the three and nine months ended September 30, 2005 included $0 and $2,000, respectively, for share-based compensation expense recorded under APB 25.

Operating Profit

As a result of the foregoing, our operating profit decreased by $0.3 million to $6.6 million for the three months ended June 30, 2006, and increased by $0.2 million to $12.8 million for the six months ended June 30, 2006, as compared to the corresponding three and six month periods in 2005. The operating profit for the three and six months ended June 30, 2006 included $1.3 million and $3.0 million, respectively, for share-based compensation expense recorded under SFAS 123(R). The operating profit for the three and six months ended June 30, 2005 included $0 and $2,000, respectively, for share-based compensation expense recorded under APB 25.

Operating Profit

As a result of the foregoing, our operating profit increased by $600,000 to $6.0 million for the three months ended March 31, 2006, as compared to $5.4 million for the three months ended March 31, 2005. The operating profit for the three months ended March 31, 2006 included $1.7 million of share-based compensation expense recorded under SFAS 123(R). The operating profit for the three months ended March 31, 2005 included $2,000 of share-based compensation expense recorded under APB 25.

Operating Profit

As a result of the foregoing, our operating profit increased by $2.0 million to $34.0 million for the year ended December 31, 2004, as compared to $32.0 million for the year ended December 31, 2003. Operating profit for the years ended December 31, 2004 and 2003 included $7,000 and $4,000, respectively, for stock-based compensation expense recorded on the grant of certain stock options, which amounts are being amortized over the vesting period of the options, ranging from one to four years.

Operating Profit

As a result of the foregoing, our operating profit decreased by $939,000 to $7.0 million for the three months ended September 30, 2005, and decreased by $9.0 million to $19.0 million for the nine months ended September 30, 2005, as compared to the corresponding three and nine month periods in 2004. The operating profit for the three and nine months ended September 30, 2005 includes $0 and $2,000, respectively, for stock-based compensation expense recorded on the grant of certain stock options, which amounts are being amortized over the vesting period of the options, ranging from one to four years. The operating profit for the three and nine months ended September 30, 2004 includes a reversal of $3,000 and an expense of $10,000, respectively, for stock-based compensation expense recorded on the grant of certain stock options.

Operating Profit

As a result of the foregoing, our operating profit decreased by $2.9 million to $6.7 million for the three months ended June 30, 2005, and decreased by $8.0 million to $12.1 million for the six months ended June 30, 2005, as compared to the corresponding three and six month periods in 2004. The operating profit for the three and six months ended June 30, 2005 includes $0 and $2,000, respectively, for stock-based compensation expense recorded on the grant of certain stock options, which amounts are being amortized over the vesting period of the options, ranging from one to four years. The operating profit for the three and six months ended June 30, 2004 includes $7,000 and $12,000, respectively, for stock-based compensation expense recorded on the grant of certain stock options.

Operating Profit

As a result of the foregoing, our operating profit decreased by $5.1 million to $5.5 million for the three months ended March 31, 2005, as compared to $10.6 million for the three months ended March 31, 2004. Operating profit for the three months ended March 31, 2005 and 2004 included $1,000 and $5,000, respectively, for stock-based compensation expense recorded on the grant of certain stock options, which amounts are being amortized over the vesting period of the options, ranging from one to four years.

Operating Profit

As a result of the foregoing, our operating profit increased by $2.0 million to $34.0 million for the year ended December 31, 2004, as compared to $32.0 million for the year ended December 31, 2003. Operating profit for the years ended December 31, 2004 and 2003 included $7,000 and $4,000, respectively, for stock-based compensation expense recorded on the grant of certain stock options, which amounts are being amortized over the vesting period of the options, ranging from one to four years.