On February 4, 2021, Sohu Company announced its financial report for the fourth quarter of 2020 and 2020. In the fourth quarter, Sohu's total revenue was US$253 million, a year-on-year increase of 34%; total revenue for the year was US$750 million, a year-on-year increase of 11%. Non-GAAP net profit from continuing operations attributable to Sohu in the quarter was US$53 million. After deducting the impact of Changyou’s withholding income tax, the net profit from non-GAAP continuing operations attributable to Sohu’s head office was US$51 million.

According to the financial report, this quarter, brand advertising revenue was 42 million U.S. dollars, which was the same as the same period in 2019, an increase of 2% from the previous quarter; online game revenue was 196 million U.S. dollars, an increase of 49% from the same period in 2019, and an increase of 94% from the previous quarter. .

Sohu's revenue in 2020 was 750 million U.S. dollars, an increase of 11% over 2019. The US GAAP net loss from continuing operations attributable to Sohu is US$55 million. After deducting the impact of Changyou's withholding income tax in the second quarter of 2020, the US GAAP net profit from continuing operations attributable to Sohu is $33 million. The net loss in 2019 was US$157 million. 

After deducting the impact of the aforementioned withholding tax on Changyou, the non-GAAP net profit from continuing operations attributable to Sohu is $51 million. The net loss in 2019 was US$128 million.

Among them, brand advertising revenue was US$147 million, down 16% from 2019. Online game revenue was US$537 million, an increase of 22% from 2019.

The financial report also mentioned that on September 29, 2020, Sohu and its wholly-owned subsidiary Sohu.com (Search) Limited and a subsidiary of Tencent Holdings Co., Ltd. signed a "share acquisition agreement" for Sohu Search's shares in Sogou. Sogou’s financial results are excluded from the continuing operations of the company’s financial reports and listed separately under discontinued operations. Past financial reports have been retrospectively adjusted to ensure the consistency of the financial performance comparison benchmark. Unless otherwise specified, the results presented in this quarterly report only include continuing operations.

As of December 31, 2020, Sohu's cash and cash equivalents and short-term investments totaled US$318 million. 

Source: NetEase Technology Report, translated by Google Translate