Sohu.com reports better-than-expected performance in Q1

Traders work at the New York Stock Exchange (NYSE) in New York, the United States, on March 9, 2022. U.S. stocks ended higher on Wednesday. (Photo by Michael Nagle/Xinhua)

Chinese Internet company Sohu.com Limited (SOHU.NASDAQ) reported a better-than-expected performance in the first quarter of 2022.

From January to March, the company raked in a total revenue of 193 million U.S. dollars, according to the latest financial report released by the company on Monday.

Revenue from brand advertising and online game business reached 24 million U.S. dollars and 158 million U.S. dollars, respectively.

The company's net profit stood at 9 million U.S. dollars during the period. 

Despite the negative impact of the COVID-19 epidemic in the first quarter of this year, the company still focused on product refinements and improving operational efficiency, said Zhang Chaoyang, chairman and CEO of Sohu.com, adding that thanks to the excellent performance of the online game business, the company delivered better-than-expected performance and achieved profitability for the quarter.