EarningsQ2 2026 Earnings Report
DE:2SU Q2 2026 EPS Results
Actual EPS€0.04
Consensus EPS―
Beat/Miss―
One Year Ago EPS-€0.59
DE:2SU Q2 2026 Revenue Results
Actual Revenue€117.59M
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+7.14%
Earnings Announcement Details
QuarterQ2 2026
Date08/10/2026
TimeBefore Open
Conference CallMonday, August 10, 2026
DE:2SU Upcoming Earnings
Sohu's next earnings date is estimated for November 16, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:2SU Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Negative
The quarter showed several positive elements — YoY revenue growth, stronger-than-expected game performance in Q2, active user engagement initiatives, and an aggressive share repurchase program — but management warned of a weak advertising macro and provided a cautious Q3 outlook with a large implied annual decline in online game revenues (29%–35%) and an expected net loss. The Q2 GAAP/net income improvement was materially driven by a one-time ~$30M tax reversal rather than sustained operating gains. Near-term guidance and persistent media operating losses offset many of the Q2 positives.Company Guidance
Total Revenue Growth (YoY)
Total revenue of $136.0 million in Q2 2026, up 7% year-over-year (but down 4% sequentially).
Online Games Year-Over-Year Strength
Online game revenues of $116.0 million (company also reported Changyou revenue of $117.0 million), up ~10% year-over-year. Changyou segment revenue rose from $107M to $117M (+~9% YoY) and operating profit increased from $51M to $56M (+~10% YoY).
Q2 Outperformance vs Guidance
Management stated marketing services revenue, online game revenue and bottom-line performance all exceeded prior guidance for the quarter.
Net Income Improved (One-Time Tax Benefit)
GAAP net income attributable to Sohu was $0.2 million in Q2 after a ~$30 million reversal of uncertain tax positions; non-GAAP net income was $0.5 million compared with a non-GAAP net loss of $20M in Q2 2025.
Marketing Services Sequential Recovery
Marketing services revenue of $15.0 million was down 3% YoY but up 21% sequentially, indicating quarter-over-quarter recovery.
Active User Engagement and Content Initiatives
Sohu highlighted a range of successful content and events (K-Pop Dancing Festival, Hanfu Model Competition, Sohu Science Tech Conference, Charles’ Physics/English classes with 10-year IP) that boosted user interaction, social features, and advertiser-tailored marketing solutions.
Share Repurchase and Capital Return
Repurchased 9.4 million ADS for approximately $124 million; Board authorized continuing repurchases on an open-ended basis up to the $150 million maximum (about $26M remaining), signaling management confidence and capital return priority.
DE:2SU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed