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MARKETS / NASDAQ / SOHU
NASDAQ · SERVICES-COMPUTER PROCESSING & DATA PREPARATION · MID CAP

Sohu.com Ltd. SOHU

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$584.3M
▼ 2.4% YoY
$394.1M
$-5.3M
In brief

What this company does

Sohu.com Limited provides online media platform and game products and services on PCs and mobile devices in the Chinese mainland, through the businesses of Sohu and Changyou. Sohu is an online media content and services provider that also enables users to generate and distribute content and interact with each other on its platform. Changyou is an online game developer and operator. For the year ended December 31, 2025, total revenues were approximately $584.3 million, including marketing services revenues of $60.0 million, online game revenues of $505.7 million, and other revenues of $18.6 million. Sohu's total revenues were $75.4 million, including $56.8 million in marketing services revenues. Changyou's total revenues were $508.9 million; within online game revenues, $412.7 million came from PC games and $93.0 million from mobile games.

Written from the business description in Sohu.com Ltd's annual report to the U.S. Securities and Exchange Commission, filed 12 March 2026. Every sentence was checked against that document before publication.

Growth
USD 584.3M
Revenue, FY2025 · full 10-year series below
Revenue $B Net income $B
FY2025 · Revenue 0.6 · Net income 0.4
0.8B1.6B-0.2B-0.4B2016201720182019202020212022202320242025
Compound annual growth
−7.3%
−4.9%
−13.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −4.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
67 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating -16.1% · Net 67.4%
50%100%-10%-20%2016201720182019202020212022202320242025
ROE
FY2025 · ROE 35.8%
50%100%-20%-40%-60%2016201720182019202020212022202320242025

Each USD of equity produced 36 cents of profit this year.

Cash & shareholders
USD 54.1M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -5.3
80.0M160.0M-25.0M-50.0M2016201720182019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 54.1
40M80M2019202020212022202320242025

USD 54.1M in buybacks — 14% of the year's profit went back to shareholders.

Total assetsUSD 1.6B
EquityUSD 1.3B
CashUSD 128.3M
Current ratio2.90×

Equity funds 78% of total assets.

The 10-year record
10 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016
Revenue $B0.60.60.60.70.80.70.70.71.81.7
Operating income $B−0.1−0.1−0.1−0.00.10.1−0.1−0.2−0.2−0.1
EBITDA $B−0.1−0.1−0.10.00.10.1−0.0−0.1−0.1−0.0
Income tax $B−0.40.10.10.10.10.10.0−0.00.30.0
Net income $B0.4−0.1−0.0−0.00.9−0.1−0.1−0.2−0.6−0.2
Free cash flow $B−0.0−0.0−0.00.0−0.10.10.20.10.10.1
EPS, diluted $13.96−3.13−0.89−0.5023.49−2.19−3.83−4.13−14.30−5.83
Dividend / sh $··········
Payout %··········
ROE %35.8−10.1−2.8−1.4113.3−22.2−29.4−23.9−73.9·
Shares out B0.030.030.030.030.040.040.040.040.04·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 48 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 47 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Computer Processing & Data Preparation
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2016

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