Sohu posts US$65m Q3 loss
BEIJING: Sohu.com Inc, the owner of China's third-largest Web portal, posted a US$65 million (RM204.1 million) third-quarter loss because of a special dividend paid to certain shareholders.
Operating profit fell 18 per cent to US$52 million, compared with the average US$56 million estimate of nine analysts.
"The largest costs come from its video and search department," Luke Xu, an analyst at Shanghai-based IResearch, said before the earnings. "Sohu bought some hit shows like the Voice of China, which lifted costs."
In China, Sohu's Web portal had 323 million unique visitors in June, trailing behind Tencent's qq.com and Si-na Corp's portal business. Bloomberg