Sohu Posts Strong Profits, Sees Healthy Q1

Chinese Internet media firm Sohu.com posted a sixfold jump in quarterly profit on sales of online advertising and mobile text message services, but revenues were at the low end of its own forecast.

Net profit rose to $11.57 million, compared with $1.93 million in the year-ago quarter. Revenues rose 132 percent during the quarter to $24.6 million from $10.6 million. Sales from brand ads and sponsored Internet searches more than doubled to $9.5 million, while revenues from non-advertising sources such as wireless text-messaging subscriptions jumped 141 percent to $15.1 million.

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