SOHU.com, the Chinese portal, has released the 3rd quarter report which shows that the company’s rate of growth didn’t slow down. The Beijing based company has earned $40.3 million with a 316% increase on year-over-year growth. The effects of Global economic crisis have also started affecting the Chinese economy but the company is confident that they will maintain the current performance in the Q4.
Beijing Olympics concert played a vital role in the company’s progress. Following are some of the highlights of the 3rd quarter according to the company’s press release:
Brand advertising revenues of US$49.4 million, up 66% year-on-year and 18% quarter-on-quarter.
Online game revenues came in at $54.6 million, up 330 percent from Q307. In particular, Sohu’s in-house developed massive multiplayer online role-playing game Tian Long Ba Bu (“TLBB”) generated revenue of US$51.0 million, up a sequential 12 percent from Q208.
Online game revenues of US$54.6 million, up 330% year-on-year and 14% quarter-on-quarter. In-house developed massive multiplayer online role-playing game Tian Long Ba Bu (“TLBB”) generated revenue of US$51.0 million, up 12% quarter-on-quarter.
Non-advertising revenues of US$69.5 million, up 248% year-on-year and 19% quarter-on-quarter.
Total revenues of US$120.7 million, up 134% year-on-year and 18% quarter-on-quarter, exceeding the high end of Company guidance by US$4.7 million.
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