SOHU.COM REPORTS FOURTH QUARTER AND FISCAL YEAR 2021 UNAUDITED FINANCIAL RESULTS

BEIJING, Feb. 22, 2022 /PRNewswire/ — Sohu.com Limited (NASDAQ: SOHU), China’s leading online media, video, and game business group, today reported unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021.

Fourth Quarter Highlights

• Total revenues were US$193 million^[1], down 24% year-over-year and 11% quarter-over-quarter.

• Brand advertising revenues were US$34 million, down 20% year-over-year and flat quarter-over-quarter.

• Online game revenues were US$144 million, down 27% year-over-year and 14% quarter-over-quarter.

• GAAP net income^[2] attributable to Sohu.com Limited was US$4 million, compared with net income of US$47 million in the fourth quarter of 2020 and net income of US$12 million in the third quarter of 2021.

• Non-GAAP^[3] net income attributable to Sohu.com Limited was US$0.2 million, compared with net income of US$53 million in the fourth quarter of 2020 and net income of US$17 million in the third quarter of 2021.

Fiscal Year 2021 Highlights

• Total revenues were US$836 million, up 11% compared with 2020.

• Brand advertising revenues were US$135 million, down 8% compared with 2020.

• Online game revenues were US$638 million, up 19% compared with 2020.

• GAAP net income attributable to Sohu.com Limited was US$69 million, compared with net income of US$33 million in 2020, excluding the impact of an additional accrual of withholding income tax recognized by Changyou in the second quarter of 2020^[4].

• Non-GAAP net…