More on Sohu and subsidiary Changyou's Q2 reports: Changyou is planning an IPO for its 7Road...
More on Sohu and subsidiary Changyou's Q2 reports: Changyou is planning an IPO for its 7Road gaming unit. Sohu expects proceeds of $136M from Changyou's special dividend. Sohu is guiding for Q3 revenue of $272M-$277M and EPS of $0.50-$0.55 vs. a consensus of $273.7M and $0.60. Changyou expects Q3 revenue of $153M-$157M and EPS of $1.31-$1.35, above a consensus of $147.7M and $1.14. Changyou registered gaming accounts +6% Q/Q and +51% Y/Y. SOHU +11.7%. CYOU +12.7%. (Sohu PR) (Changyou PR)
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