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Sohu Profit Beats Estimates on China Online Ad Sales

Sohu Profit Beats Estimates on China Online Ad Sales

Write: Okalani [2011-05-20]

Sohu.com, China's fourth-most visited website, has posted a better-than-estimated 41 percent gain in profit after the company raised prices and boosted services such as video sharing.

Fourth-quarter net income jumped to $41.5 million, from $29.4 million a year earlier. Sales rose 27 percent to $173 million.

Sohu has increased spending on services such as its Sogou Internet search-engine to add users and counter competition from websites including Tencent and Youku.com.

Sohu forecasts first-quarter revenue may rise to between $164.5 million and $169.5 million.