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China : Sohu.com Reports First Quarter 2017 Unaudited Financial Results.

Sohu.com Inc., China's leading online media, video, search and gaming business group, today reported unaudited financial results for the first quarter ended March 31, 2017.

Dr. Charles Zhang, Chairman and CEO of Sohu.com Inc., commented, "We are off a solid start in 2017 as we delivered in-line results in the first quarter. For Sohu Media Portal, we launched a re-designed front page of our PC portal to meet the changing habits of users in the mobile era. For Sohu Video, we continued to shift more resources to self-produced content, and made subscription business one of our key priorities this year. Sogou achieved better-than-expected top line results as its mobile search traffic maintained robust growth. Changyou's online game business performed well in the first quarter and our new Legacy TLBB mobile game is set to debut in mid-May."

Mr. Xiaochuan Wang, CEO of Sogou, commented, "In the first quarter, Sogou had a good start in our search business as well as our initiatives in artificial intelligence, or AI. We continued to build our competitive edge with differentiated content for our search service, enhancing the quality of healthcare and English search results. In the AI space, our development of voice technology and machine translation progressed well. Revenues in the first quarter topped our prior expectations and were also faster than the industry growth, driven by a 50% jump in mobile search traffic from a year ago."

[c] 2017 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).

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Publication:Mena Report
Article Type:Financial report
Date:May 2, 2017
Words:249
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