Sohu lost $48 million in the first quarter

On the previous day, Sohu (55.62, 1.52, 2.81%) released its first-quarter earnings report for the first quarter of 2014. The first-quarter revenue was 365 million yuan, a year-on-year increase of 38%. According to non-US general accounting standards, the first quarter net loss reached 48 million US dollars. The loss was mainly due to the increase in investment in video and mobile services and the large-scale R&D and marketing investment of Changyou (27.66, -0.28, -1.00%).

Sohu's Sogou also announced its 2014 first quarter earnings report. The financial report shows that during the period, search dog revenue reached 70 million US dollars, an increase of 78% over the same period last year. The first quarter of 2014 was the first full-fledged quarter after Sogou and Tencent (509.5, 1.00, 0.20%, real-time quotes) Soso completed integration. "In the first quarter of the industry's off-season, we still exceeded our expectations to achieve a break-even, which indicates that the integration effect of both sides began to reflect." Sogou CEO Wang Xiaochuan said.