BEIJING, Aug 10, 2026 /PRNewswire/ — Sohu.com Limited (NASDAQ: SOHU) (“Sohu” or the “Company”), a leading Chinese online media platform and game business group, today reported unaudited financial results for the second quarter ended June 30, 2026.

Second Quarter Highlights^[1]

• Total revenues were US$136 million, up 7% year-over-year and down 4% quarter-over-quarter.
• Marketing services revenues were US$15 million, down 3% year-over-year and up 21% quarter-over-quarter.
• Online game revenues were US$116 million, up 10% year-over-year and down 7% quarter-over-quarter.
• After giving effect to reversal of a tax expense of approximately US$13 million due to a reversal of uncertain tax positions, GAAP net income attributable to Sohu.com Limited was US$0.2 million, compared with a net loss of US$20 million in the second quarter of 2025 and a net loss of US$4 million in the first quarter of 2026.
• After giving effect to reversal of a tax expense of approximately US$13 million due to a reversal of uncertain tax positions, non-GAAP^[2] net income attributable to Sohu.com Limited was US$0.5 million, compared with a net loss of US$20 million in the second quarter of 2025 and a net loss of US$4 million in the first quarter of 2026.

Dr. Charles Zhang, Chairman and CEO of Sohu.com Limited, commented, “In the second quarter of 2026, our marketing services revenues, online game revenues and bottom-line performance all exceeded our previous guidance. For the Sohu media platform, we continued to refine our products and host diverse events and activities to stimulate communication and interaction among users, which further strengthened the platform’s social features and promoted its vigorous and healthy development. Leveraging our differentiated content and events, we were able to address advertisers’ needs and continued to explore diversified monetization opportunities. For our online games, we remained committed to our long-term operation strategy and continued to launch diverse content updates to deliver rich and engaging experiences for game players.”

Second Quarter Financial Results

Revenues

Total revenues were US$136 million, up 7% year-over-year and down 4% quarter-over-quarter.

Marketing services revenues were US$15 million, down 3% year-over-year and up 21% quarter-over-quarter.

Online game revenues were US$116 million, up 10% year-over-year and down 7% quarter-over-quarter.

Cost of Revenues

Both GAAP and non-GAAP total cost of revenues were US$29 million, up 2% year-over-year and down 3% quarter-over-quarter.

Both GAAP and non-GAAP cost of marketing services revenues were US$13 million, up 3% year-over-year and 6% quarter-over-quarter.

Both GAAP and non-GAAP cost of online game revenues were US$14 million, down 5% year-over-year and 13% quarter-over-quarter.

Operating Expenses

Both GAAP and non-GAAP operating expenses were US$125 million, up 4% year-over-year and 6% quarter-over-quarter.

Operating Loss

GAAP operating loss was US$18 million, compared with an operating loss of US$22 million in the second quarter of 2025 and an operating loss of US$7 million in the first quarter of 2026.

Non-GAAP operating loss was US$18 million, compared with an operating loss of US$22 million in the second quarter of 2025 and an operating loss of US$6 million in the first quarter of 2026.

Income Tax Expense/(Benefit)

Both GAAP and non-GAAP income tax benefit was US$7 million, compared with income tax expense of US$9 million in the second quarter of 2025 and income tax expense of US$7 million in the first quarter of 2026. For the second quarter of 2026, income tax benefit included reversal of a tax expense of approximately US$13 million due to a reversal of uncertain tax positions.

Net Income/(Loss)

GAAP net income attributable to Sohu.com Limited was US$0.2 million, or net income of US$0.01 per fully-diluted American depositary share (“ADS,” each ADS representing one Sohu ordinary share), compared with a net loss of US$20 million in the second quarter of 2025 and a net loss of US$4 million in the first quarter of 2026.

Non-GAAP net income attributable to Sohu.com Limited was US$0.5 million, or net income of US$0.02 per fully-diluted ADS, compared with a net loss of US$20 million in the second quarter of 2025 and a net loss of US$4 million in the first quarter of 2026.

Liquidity and Capital Resources

As of June 30, 2026, cash and cash equivalents, short-term investments and long-term time deposits totaled approximately US$1.2 billion.

Supplementary Information for Changyou Results^[3]

Second Quarter 2026 Operating Results

• For PC games, total average monthly active user accounts^[4] (MAU) were 2.6 million, an increase of 10% year-over-year and a decrease of 5% quarter-over-quarter. Total quarterly aggregate active paying accounts^[5] (APA) were 1.0 million, an increase of 5% year-over-year and a decrease of 5% quarter-over-quarter. The year-over-year increase in MAU was mainly from Changyou’s PC game Tian Long Ba Bu (“TLBB”): Return, which was launched during the third quarter of 2025.

• For mobile games, total average MAU were 1.7 million, a decrease of 13% year-over-year and 2% quarter-over-quarter. Total quarterly APA were 0.2 million, a decrease of 24% year-over-year and 11% quarter-over-quarter. The year-over-year and quarter-over-quarter decreases in MAU and APA were mainly due to the natural decline of some of Changyou’s older games.

Second Quarter 2026 Unaudited Financial Results

Total revenues were US$117 million, an increase of 9% year-over-year and a decrease of 7% quarter-over-quarter. Online game revenues were US$116 million, an increase of 10% year-over-year and a decrease of 7% quarter-over-quarter.

Both GAAP and non-GAAP total cost of revenues were US$14 million, a decrease of 5% year-over-year and 11% quarter-over-quarter.

Both GAAP and non-GAAP operating expenses were US$47 million, an increase of 14% year-over-year and 8% quarter-over-quarter. The year-over-year and quarter-over-quarter increases were mainly due to an increase in licensing fees related to product development.

GAAP operating profit was US$55 million, compared with US$50 million for the second quarter of 2025 and US$65 million for the first quarter of 2026.             

Non-GAAP operating profit was US$56 million, compared with US$51 million for the second quarter of 2025 and US$66 million for the first quarter of 2026.

Recent Development

Sohu today announced that on August 8, 2026 its board of directors amended the period of Sohu’s previously-announced share repurchase program by removing the previous end date of November 10, 2026 and authorizing repurchases under the program to continue on an open-ended basis until the maximum authorized amount is reached. As previously announced, Sohu may purchase up to US$150 million of the outstanding ADSs of Sohu from time to time under the program at Sohu’s management’s discretion at prevailing market prices in accordance with Rule 10b-18 and Rule 10b5-1 under the Securities Exchange Act of 1934. Sohu’s management will continue to determine the timing and amount of any purchases of ADSs based on their evaluation of market conditions, the trading price of ADSs and other factors. The share repurchase program may be suspended or discontinued at any time.

As of August 6, 2026, Sohu had repurchased 9.4 million ADSs for an aggregate cost of approximately US$124 million under the program.

Business Outlook

For the third quarter of 2026, Sohu estimates:

• Marketing services revenues to be between US$14 million and US$15 million; this implies an annual increase of 3% to 10%, and a sequential decrease of 1% to 8%.
• Online game revenues to be between US$105 million and US$115 million; this implies an annual decrease of 29% to 35%, and a sequential decrease of 1% to 10%.
• Both non-GAAP and GAAP net loss attributable to Sohu.com Limited to be between US$13 million and US$23 million.

For the third quarter 2026 guidance, the Company has adopted a presumed exchange rate of RMB6.81=US$1.00, as compared with the actual exchange rate of approximately RMB7.13=US$1.00 for the third quarter of 2025, and RMB6.84=US$1.00 for the second quarter of 2026.

This forecast reflects Sohu’s management’s current and preliminary view, which is subject to substantial uncertainty.

Non-GAAP Disclosure

To supplement the unaudited consolidated financial statements presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”), Sohu’s management uses non-GAAP measures of gross profit, operating profit/(loss), net income/(loss), net income/(loss) attributable to Sohu.com Limited and diluted net income/(loss) attributable to Sohu.com Limited per ADS, which are adjusted from results based on GAAP to exclude the impact of share-based compensation expense. These measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results.

Sohu’s management believes excluding share-based compensation expense from the Company’s non-GAAP financial measures is useful for itself and investors. Further, the impact of share-based compensation expense could not be anticipated by management and business line leaders, and these expenses were not built into the annual budgets and quarterly forecasts that have been the basis for information Sohu provides to analysts and investors as guidance for future operating performance. As share-based compensation expense does not involve subsequent cash outflow and is not reflected in the cash flows at the equity transaction level, Sohu does not factor in its impact when evaluating and approving expenditures or when determining the allocation of its resources to its business segments. As a result, in general, the monthly financial results for internal reporting and any performance measures for commissions and bonuses are based on non-GAAP financial measures that exclude share-based compensation expense.

The non-GAAP financial measures are provided to enhance investors’ overall understanding of Sohu’s current financial performance and prospects for the future. A limitation of using non-GAAP gross profit, operating profit/(loss), net income/(loss), net income/(loss) attributable to Sohu.com Limited, and diluted net income/(loss) attributable to Sohu.com Limited per ADS excluding share-based compensation expense is that this expense has been and can be expected to continue to recur in Sohu’s business. In order to mitigate these limitations Sohu has provided specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables include details on the reconciliation between the GAAP financial measures that are most directly comparable to the non-GAAP financial measures that have been presented.

Notes to Financial Information

Financial information in this press release other than the information indicated as being non-GAAP is derived from Sohu’s unaudited financial statements prepared in accordance with GAAP.

Safe Harbor Statement

This announcement contains forward-looking statements. It is currently expected that the Business Outlook will not be updated until release of Sohu’s next quarterly earnings announcement; however, Sohu reserves right to update its Business Outlook at any time for any reason. Statements that are not historical facts, including statements about Sohu’s beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, instability in global financial and credit markets and its potential impact on the Chinese economy; exchange rate fluctuations, including their potential impact on the Chinese economy and on Sohu’s reported U.S. dollar results; fluctuations in Sohu’s quarterly operating results; the possibilities that Sohu will be unable to recoup its investment in content and will be unable to develop a series of successful games for mobile platforms or successfully monetize mobile games it develops or acquires; and Sohu’s reliance on marketing services offerings and online games for its revenues. Further information regarding these and other risks is included in Sohu’s annual report on Form 20-F for the year ended December 31, 2025, and other filings with and information furnished to the U.S. Securities and Exchange Commission.

Conference Call and Webcast

Sohu’s management team will host a conference call at 7:30 a.m. U.S. Eastern Time, August 10, 2026 (7:30 p.m. Beijing/Hong Kong time, August 10, 2026) following the quarterly results announcement. Participants can register for the conference call by clicking here, which will lead them to the conference registration website. Upon registration, participants will receive details for the conference call, including the dial-in numbers and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin.

The live Webcast and archive of the conference call will be available on the Investor Relations section of Sohu’s website at https://investors.sohu.com/.

About Sohu

Sohu.com Limited (NASDAQ: SOHU) was established by Dr. Charles Zhang, one of China’s internet pioneers, in the 1990s. Sohu operates one of the leading Chinese online media platforms and also engages in the online game business in the Chinese mainland. Sohu has built one of the most comprehensive matrices of Chinese language web properties, consisting of Sohu News App, Sohu Video App, the mobile portal m.sohu.com, the PC portal www.sohu.com, and the online games platform https://www.changyou.com/en/.

As a mainstream media platform with social features, Sohu is indispensable to the daily life of millions of Chinese, providing to a vast number of users a network of web properties and community based products, which offer a broad array of content, such as news and information, in the form of text, picture, video, and live broadcasting. Sohu also attracts users to actively engage in content generation and distribution, and actively interact with each other on the platform. Sohu’s online game business is conducted by its subsidiary Changyou, which develops and operates a diverse portfolio of PC and mobile games, such as the well-known TLBB PC and Legacy TLBB Mobile.

For investor and media inquiries, please contact:

Sohu.com Limited
Ms. Pu Huang
Tel:     +86 (10) 6272-6645
E-mail: ir@contact.sohu.com

Christensen Advisory 
E-mail: sohu@christensencomms.com 

Through AI platform tools such as CodeBuddy and WorkBuddy, Tencent Cloud is helping young people build their own “future teams”, unlock their innovation potential, and seize opportunities in the AI era

HONG KONG, Aug. 10, 2026 /PRNewswire/ — Tencent Cloud, the cloud business under Tencent, highlighted at the 8th Guangdong-Hong Kong-Macao Greater Bay Area Youth New Opportunities Forum, how artificial intelligence (AI) is helping cultivate a new generation of innovative talent, entrepreneurs and future leaders, supporting young people in seizing the Greater Bay Area’s development advantages and exploring greater possibilities in the AI era.

Organized by the Institute of Accountants Exchange, the forum brought together leaders from government, business, academia and the professional sectors, together with young talent from across the Greater Bay Area, to explore future trends in the region, discuss directions for youth development, and work together to build a better future of innovation.

“AI is profoundly transforming how the next generation learns, creates and leads,” said Freda Xu, Vice President of Marketing, Tencent Cloud and Smart Industries Group. “As AI agents and intelligent productivity tools mature, work that once required large teams or years of experience is becoming increasingly accessible. These tools free people from repetitive and time-consuming tasks so they can focus on higher-value work such as analysis, judgment and decision-making, while giving young people the opportunity to gain hands-on experience earlier in their careers. We believe AI is more than a tool for improving efficiency. It is also an important partner in driving innovation and nurturing future leaders. By harnessing AI technologies, young people can build their own ‘future teams’, unlock their creative potential, develop leadership and collaboration skills, and confidently embrace the new opportunities presented by the digital era.”

AI Adoption Accelerates: From Individual Innovation to Organizational Empowerment

As AI moves from proof-of-concept to real-world application, AI-driven tools are breaking down traditional technical barriers at an unprecedented pace, freeing innovation from the constraints of professional background. Tencent Cloud’s proprietary AI-assisted coding tool, CodeBuddy, is a case in point: originally built for engineers, it has since been adopted by more than 10,000 Tencent employees without a technical background, reflecting how AI is extending from professional coding into a far broader range of roles. This shift is significantly enhancing the practical capabilities of the younger generation. Even without deep programming expertise, young people can use AI to rapidly transform ideas into fully functional applications, helping them gain hands-on experience earlier in their careers, realize their innovative potential, and increasingly make AI an important partner in their personal and professional development.

Beyond coding, AI’s impact on everyday office work is equally significant, helping talent move from individual efficiency gains to organization-wide value creation. Tencent Cloud’s leading desktop AI agent, WorkBuddy, acts as a “digital colleague” — helping users handle time-consuming tasks such as research, data analysis and cross-platform operations, so they can focus on higher-value decision-making and significantly boost overall productivity.

This empowerment extends further to the organizational level. Through WorkBuddy, users can organize proven workflows and professional experience into dedicated ‘Skills’ and share them across a team. This not only improves team collaboration, but also turns individual professional know-how into a digital asset the organization can build on — helping companies retain institutional knowledge and pass on experience even as talent moves on.

This trend, where individual empowerment drives team-wide transformation, is also supported by market data. According to research firm Grand View Research, the global AI agent market is projected to grow from US$7.63 billion in 2025 to US$182.97 billion by 2033, at a compound annual growth rate (CAGR) of 49.6%. In China, adoption is expected to exceed 90% by 2030, underscoring how quickly the technology is being woven into business operations and everyday workflows, and positioning it as a key engine of industry innovation and productivity gains ahead.

Advancing AI Talent Development in the Greater Bay Area

Speaking at the forum, Xu described the opportunities available to Greater Bay Area youth today as an “exceptional set of advantages” for success. She noted that as global AI technology advances rapidly, young people in the Greater Bay Area also benefit from an internationally-connected legal and business environment, a globally-connected financial system, and a mature professional services ecosystem across the Asia-Pacific region — opening up greater room for growth.

She emphasized that amid the new landscape brought about by technological change, what truly matters is not the technology itself, but the ability to use it to create value. Capabilities such as international perspective, business acumen and strategic thinking, along with responsibility, collaboration and empathy, remain core strengths that AI cannot replace.

Meanwhile, Tencent Cloud continues to promote AI skills development among young talent across the Greater Bay Area through a diverse range of initiatives, including educational partnerships and developer programs, while encouraging young people to address social issues through technological innovation. This year, Tencent Cloud launched the Tencent Cloud Hackathon developer challenge series, featuring themes such as support for individuals with high-functioning autism, silver technology, and game creation. The competition encourages young people to leverage AI tools including CodeBuddy, WorkBuddy and Miora to express their creativity through games, animation and AI agents, while transforming innovative ideas into practical solutions with real-world impact.

The competition spans Chinese Mainland, Hong Kong and Macau SARs, as well as Southeast Asia, attracting more than 10,000 developers from around the world and generating over 1,000 innovative submissions. The strong participation highlights the younger generation’s potential to harness AI to solve real-world challenges and drive innovation.

Among the participating regions, the Hong Kong and Macau Demo Day and judging event will be held on August 18 at Inno Space in Hong Kong. Winning teams from the Hong Kong and Macau region will advance to the Tencent Cloud Hackathon Global Grand Final, where they will exchange ideas and learn from fellow young innovators and technology talent from different regions, showcasing the Greater Bay Area’s strengths in AI innovation and digital creativity.

As the Greater Bay Area continues to strengthen its position as a world-class innovation hub, Tencent Cloud will continue working with partners across education, the developer community, enterprises and society to help more young people seize opportunities in the AI era and make a greater impact on the global stage. At the same time, Tencent will continue investing in AI development and refining its AI ecosystem, leveraging core technologies such as the Tencent Hunyuan large model to provide developers and the next generation of innovative talent with more comprehensive models, platforms and infrastructure — jointly driving innovation and nurturing more outstanding talent.

About Tencent Cloud

Tencent Cloud is one of the world’s fastest-growing cloud service providers, committed to delivering innovative solutions that address everyday life and business challenges, and empowering the digital transformation of smart industries. Tencent Cloud has always upheld its mission to meet the needs of every industry, leveraging cloud computing, Big Data analytics, AI, IoT and cybersecurity, together with its extensive global infrastructure, to provide businesses with stable, secure and industry-leading cloud products and services across a wide range of sectors, including education, finance, healthcare, gaming, media and entertainment, property, retail, travel and transportation.

BALI, Indonesia, Aug. 10, 2026 /PRNewswire/ — Manguning Hotels is strengthening its commitment to responsible tourism by participating in the Eco Climate Badge verification program by Eco Tourism Bali, an independent sustainability assessment for hospitality businesses aligned with recognized global tourism standards. Through assessment and on-site verification, the program helps hotels review their environmental practices and identify practical improvements that support a more climate-conscious future for Bali.

This participation reflects a practical effort to strengthen environmental responsibility across the Manguning Hotels portfolio while supporting a more thoughtful and satisfying guest experience. The verification process gives each property a clearer framework to review existing practices, identify areas for improvement, and develop more consistent sustainability standards over time.

Three properties within the Manguning Hotels portfolio have received Eco Climate Badge recognition. Shore Amora Canggu achieved Gold, Terra Sayan received Silver, and Desa Oculus earned Bronze. These achievements represent different stages of each property’s sustainability journey and encourage continued improvement across hotel operations.

Manguning Hotels is a Boutique Hotel Management in Bali built around a place-led approach. Instead of applying one standardized concept to every location, the company develops hotels whose architecture, atmosphere, experiences, and stories are shaped by their surroundings. This allows every property to express a distinct relationship with the culture, landscape, and rhythm of its destination.

Manguning Hotels currently manages six distinctive properties across Bali: Shore Amora, Amora Ubud, Desa Oculus, Pakubon, Terra Sayan, and The Craft Hotel. Each one is shaped by its location, offering travellers a different way to experience the island.

Guests searching for a Hotel in Canggu can discover Shore Amora, a design-led lifestyle retreat near Pererenan Beach, featuring its own rice field within the resort and easy access to Canggu’s dining and coastal scene.

For those looking for a Hotel in Kintamani, Desa Oculus and Pakubon offer two highland experiences inspired by the landscape and culture of Mount and Lake Batur. Desa Oculus focuses on views, wellness, and local connection, while Pakubon offers privacy for couples, families, and groups. Travellers seeking a Hotel in Ubud can choose Amora Ubud for romance, Terra Sayan for a nature-led stay, or The Craft Hotel for art and creativity.

Through place-led hospitality and verified sustainability efforts, Manguning Hotels helps guests enjoy Bali with greater meaning and comfort, while supporting a more responsible future for the island, one thoughtful stay and one distinctive destination at a time.

CONTACT: 
Arie | Marketing Manager
arie@manguning.com
+6281138218941