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Sohu upgrades Q4 revenue guidance to up to USD 500 mln

Friday 7 February 2020 | 10:53 CET | News
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Chinese online media, video, search and gaming business group Sohu.com has updated its outlook for the fourth quarter of 2019. Sohu reports that its updated guidance reflects better than expected performance of the online game business, a tax benefit of USD 19 million expected to be recognized for preferential enterprise income tax rates of some of Changyou's subsidiaries upon their receipt of 2018 Key National Software Enterprise status or 2018 Software Enterprise status, and an impairment charge of USD 23 million for an investment unrelated to the company's core businesses.

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Categories: Internet
Companies: Sohu.com
Countries: China
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