Sohu net income up 87% in Q1
| Sohu.com Inc, one of China's largest web portals, said on Monday its net income jumped 87% year on year to US$46.9 million in the first quarter of 2009, with online game business rising 100% year on year.
In the three-month period ending Mar. 31, its total revenue reached US$115.7 million, up 36% year on year. Brand advertising revenue rose 18% from a year earlier to US$39.1 million, while revenue from its online gaming business surged 50% year on year to US$ 61.6 million.
Operating margin increased to 45% from 43% in the fourth quarter of 2008 and 40% in the corresponding period of 2008.
Sohu predicts its total revenue in the second quarter will reach US$121 million to US$125 million.
Shares of the Nasdaq-listed company rose 1.41% to RMB 57.55 on Monday.
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