More on Sohu's Q3: Q4 guidance is for revenue of $288M-$293M and EPS of $0.60-$0.65 - former is...
More on Sohu's Q3: Q4 guidance is for revenue of $288M-$293M and EPS of $0.60-$0.65 - former is in-line, but latter is well above a $0.53 consensus. Q3 gross margin rose 500 bps Q/Q to 66%, fueled by major increase in online ad margins. Opex rose 14% Q/Q and 38% Y/Y (higher than rev. growth), as Sohu continues investing heavily in Sogou search. Search/other revenue +92% Y/Y but just 12% of total. Online ads +19%, online games +30%, wireless -1%. SOHU +8.4%. (PR)
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