On February 9, Sohu.com Ltd. (SOHU.US) released its unaudited financial results for the fourth quarter and full year ended December 31, 2025. The company's total revenue for the fourth quarter was $142 million, while full-year total revenue reached $584 million.
For the fourth quarter of 2025, Sohu.com's total revenue was $142 million, representing a 6% increase compared to the same period in 2024. Revenue from marketing services amounted to $17 million, and online game revenue was $120 million.
For the full year 2025, Sohu.com's total revenue was $584 million. Marketing services revenue for the year was $60 million, while online game revenue accounted for $506 million.
Excluding the impact of the write-off of Changyou's accrued income tax, Sohu.com reported a non-GAAP loss of $51 million for 2025. This represents an improvement of nearly 40% compared to the $83 million loss recorded in 2024.
Dr. Charles Zhang, Chairman and CEO of Sohu.com, commented, "In the fourth quarter of 2025, our marketing services revenue exceeded previous expectations, while online game revenue met expectations. Excluding the impact of the Changyou tax write-off, the Group's non-GAAP net loss reached our best-case scenario forecast."
"Regarding the Sohu Media platform, we have continuously improved our products and optimized algorithms to meet user needs across different scenarios and enhance the user experience. We have consistently organized diverse innovation activities, generating substantial high-quality content that promotes deep user engagement and helps us secure more commercial opportunities," Dr. Zhang further noted.
"In the online games business, we have focused on long-term operations, consistently delivering high-quality content updates and superior gaming experiences for our players," he added.
Furthermore, under the company's previously announced share repurchase program for up to $150 million of its American Depositary Shares, Sohu.com had repurchased 8.1 million ADSs by February 5, 2026, totaling approximately $106 million.