Sohu announced its Q3 finance report on October 28, 2013. The total revenue reached USD 368 million, 29% more than that of 2012 and 9% more than Q2 2013.
Sohu Q3 revenue from advertising was USD 125 million, 60% more than 2012, and 25% more than Q2 2013. Sogou’s revenue reached USD 57 million, with a 53% YoY increase and a 14% QoQ increase. Sohu’s revenue from online games was USD 161 million, with a 7% YoY increase and a 4% drop from Q2 2013.
In Q3, Sohu’s net loss reached USD 65 million, mainly due to the investment in Sogou including dividends to preferred shareholders, which Sohu should take on USD 82 million expenses as Sogou’s controlling shareholder.
Sohu achieved significant growth in the mobile video segment as traffic increased massively in the third quarter. To-date, total number of active users for Sohu’s mobile applications reached 140 million.
The Sohu-Tencent partnership in search announced in Sep will improve Sogou’s competitive position against market leader Baidu.