Sohu.com Limited Income Statement 2025-2011 | SOHU

Brief overview of financial results at Sohu.com Limited

The comparison covers a five-year financial horizon. Revenue at Sohu.com Limited moved from 750 million dollars in 2020 to 584 million dollars in 2025. The cumulative result was −22.1%, corresponding to roughly −4.9% per year. The business finished the period with a smaller revenue base.

At the gross-profit level, the result moved from $532 million to $453 million, a change of −15%. Direct costs grew more slowly than revenue and improved the economics of sales. The gross margin was 71% at the start and 77.5% at the end. A wider margin shows that the economics of the core business improved.

EBITDA was $98.8 million at the beginning and −$81.2 million at the end of the period (−182.1%). The operating result developed less favorably than sales. The EBITDA share of revenue changed from 13.2% to −13.9%. The business retained less EBITDA from each unit of revenue.

The net financial result changed from −$86.1 million to $394 million. A negative result turned positive over the five years.

The market value of the business moved from $629 million to $446 million, or −29%. The market has not yet confirmed the improvement in fundamentals.

Overall conclusion

The indicators point to a weaker financial profile. The strongest signals are net-income growth and improving gross profitability. Caution is warranted because of a low EBITDA margin, a declining EBITDA margin and limited revenue growth. The key question is whether sales can be converted into sustainable profit.