SOHU
Sohu.com Limited
SOHU's fundamentals are strong: its operating margin improved to −6.7% and earnings per share more than doubled. At 1.4x earnings, it's trading below its usual 1.6x.
SOHU Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Strong |
SOHU's balance sheet is currently strong, and its revenue, profitability and cash flow are stable.
SOHU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 0.7x | $6.23 | -48% |
| Current | 1.4x | $11.97 | — |
| Fair | 1.5x | $13.31 | +11% |
| Expensive | 3.7x | $31.99 | +167% |
Historical ranges are pointers, not guarantees.
SOHU's PE is in its fair range at 1.4x.
SOHU Forward outlook
There aren't enough analyst estimates for SOHU to show an outlook.
SOHU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $8.60 | +107% |
| Q1 2026 | $7.86 | +112% |
| Q4 2025 | $14.10 | +$17.23 |
| Q3 2025 | $5.00 | +$7.81 |
| Q2 2025 | $4.16 | +$5.83 |
| Q1 2025 | $3.70 | +$4.83 |
| Q4 2024 | -$3.13 | -$2.23 |
| Q3 2024 | -$2.81 | -$2.07 |
SOHU's earnings per share have fallen from their peak: $8.60 over the past year, against $24.43 in late 2021.
SOHU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $135.8M | +7.1% |
| Q1 2026 | $141.7M | +4.5% |
| Q4 2025 | $142.3M | +5.6% |
| Q3 2025 | $180.4M | +19% |
| Q2 2025 | $126.7M | -26% |
| Q1 2025 | $135.6M | -2.7% |
| Q4 2024 | $134.7M | -4.7% |
| Q3 2024 | $152M | +4.5% |
SOHU's revenue is recovering but still below its 2019 peak: $136M last quarter, up 7.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -14% | +4.2 points |
| Q1 2026 | -4.8% | +9.3 points |
| Q4 2025 | -20% | -1.3 points |
| Q3 2025 | 7.5% | +16 points |
| Q2 2025 | -18% | +8 points |
| Q1 2025 | -14% | +5.3 points |
| Q4 2024 | -19% | -0.8 points |
| Q3 2024 | -8.6% | +5.6 points |
SOHU's operating margin was −14% last quarter, up 4.2 points from the same quarter a year ago.
SOHU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | $0 |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | $0 |
| Q3 2025 | $0 | $0 |
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q4 2024 | $0 | $0 |
| Q3 2024 | $0 | $0 |
SOHU's free cash flow has been positive every quarter for seven years: $0 over the past year, against $0 the year before.
SOHU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.3% | -607K shares |
| 1 year | -12% | -3.4M shares |
| 3 years | -25% | -8.6M shares |
| 5 years | -36% | -14.1M shares |
| Available history | -35% | -13.8M shares |
SOHU has 25M diluted shares, down 12% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
SOHU hasn't bought back shares in the past year.
SOHU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2024 | -17.4x | Net Cash |
| Q4 2023 | -13.2x | Net Cash |
| Q3 2023 | -7.0x | Net Cash |
| Q2 2023 | -11.3x | Net Cash |
| Q1 2023 | -8.1x | Net Cash |
| Q4 2022 | -7.4x | Net Cash |
| Q3 2022 | -6.5x | Net Cash |
| Q2 2022 | -3.3x | Net Cash |
SOHU has more cash than debt.
SOHU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.2 | Neutral |
| Stochastic | 28.9 | Neutral |
SOHU's weekly RSI is 39 (neutral) and its Stochastic is 29 (neutral).
SOHU PE vs Technology Sector
| Metric | SOHU | Sector median | Relative |
|---|---|---|---|
| PE | 1.4x | 28x | 95% below |
| PE % | 46 | 35 | 11 pts above |
SOHU is trading at 1.4x earnings, a 95% discount to the Technology sector's median of 28x.
SOHU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.8 | 6.5% below |
| 20 week MA | $13.2 | 9.3% below |
| 50 week MA | $14.5 | 17% below |
| 100 week MA | $13.9 | 14% below |
| 200 week MA | $13.1 | 8.3% below |
SOHU is in a downtrend: it's below all five of its weekly moving averages, and 8.3% below its 200-week average.
SOHU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.8 | $16.3 | +51% |
| 2021 | $16.3 | $16.1 | -1.2% |
| 2022 | $16.1 | $13.5 | -16% |
| 2023 | $13.5 | $9.93 | -26% |
| 2024 | $9.93 | $13.7 | +37% |
| 2025 | $13.7 | $15.9 | +16% |
| 2026 YTD | $15.9 | $12.0 | -25% |
SOHU has finished lower in three of the last six years. It's down 25% so far in 2026.