Sohu Q2 China Online Ad Sales

Net income was $33.45 million, or 82 cents a share, little changed from $33.53 million, or 79 cents, a year earlier, Sohu said in a statement. The Beijing-based company was expected to post profit of $32.2 million, based on the average of 11 analysts? estimates compiled by Bloomberg.

Sohu last year spun off online games unit Changyou.com Ltd. to focus on selling advertising to companies. Chairman Charles Zhang is boosting spending to develop Sohu?s search engine, Sogou, after Google Inc. moved its Chinese service offshore amid a standoff with local regulators on Web censorship.

Sales increased 15 percent to $146.1 million, Sohu said. Revenue from Internet advertising rose 26 percent to $57.1 million, while online game sales gained 17 percent to $77.7 million.

Third-quarter revenue will range from $153 million to $158 million, Sohu said.

Sogou accounted for 1.1 percent of China?s paid-search market last year, making it the country?s third-biggest behind Baidu Inc. and Google, according to research company iResearch.

Source : Konaxis

0 comments

Add your comment

Commenting is allowed only for registered users.

Other articlesgo to homepage

Dutch architecture in China

Dutch architecture in ChinaComments Off

Urbanization and development are terms that come to mind at all after a visit to a country as China, where day and night is built as far as the eye is rich. The country has 16 cities with more than 5 million inhabitants and they are far from being developed. This offers plenty of opportunities

Baidu Apollo, next Chinese Top Innovation

Baidu Apollo, next Chinese Top InnovationComments Off

Apollo launched by Chinese Giant Baidu will make a whole new change in automatic transport system As of late, Kitty Hawk (sponsored by Google’s Larry Page) got consideration for exhibiting its variant of a flying car, which requires no pilot permit. In a smooth video, the model vehicle is seen to float through the waters

Chinese Online Property Market Appears Set For Lengthy Downturn

Chinese Online Property Market Appears Set For Lengthy DownturnComments Off

China’s online property market industry appears set for a prolonged downturn that will last far into 2017 and potentially beyond, according to analysts who say government policies intended to steady the housing sector have depressed sales and have had the expected effect of reducing demand for the online property services. The projection of an extended

Chinese digital philanthropist entrepreneurs

Chinese digital philanthropist entrepreneursComments Off

Discover the philanthropist entrepreneurs in China   Source: Harvard.edu   Chinese CEO’s are turning into real philanthropists. According to Harvard.edu, TOP 100 China’s greatest donors have contributed in 2015 for 0,03% of China’s GDP, donated more than 3,8 billion USD and most of them decided to invest in Education or Environment. Also, most of them

Electronic devices market in China

Electronic devices market in ChinaComments Off

The market for traditional products of consumer electronics in China is maturing, more than in the whole world. With the rapid development of information communication technology, China has become the largest manufacturing centre in the world for electronics, including televisions, computers, telephones and DVD players. Here’s electronic devices market in China. Market development in China

read more

Contacts and information

Social networks

Most popular categories

Real Time Analytics