Sohu.com (ADR) (SOHU)
Runs Chinese media properties and Changyou's TLBB online-game franchise.
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Operates Sohu News, Sohu Video, and web portals alongside Changyou's online games. Marketing services monetize the media platform, while virtual-item purchases in TLBB games supply the bulk of revenue.
Operates the Sohu News App, Sohu Video App, and the m.sohu.com and www.sohu.com portals, where advertising and related marketing services monetize media destinations and user content. Paid subscriptions, platform revenue-sharing, and interactive broadcasting add other revenue streams.
Changyou, a wholly owned subsidiary, operates online games and a platform-channel business. TLBB PC and Legacy TLBB Mobile are the dominant games; game points fund virtual items, features, and functions.
Most products and services are provided in the Chinese mainland. The business depends on domestic platform distribution, advertising demand, and continued operation of Changyou's games.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 10, 2026 | Jefferies | Reiterate | Rating: —Target: $18 | Target: $19 |
| May 18, 2026 | Jefferies | Target | Target: $20 | Target: $18 |
| Nov 17, 2025 | Jefferies | Reiterate | Rating: —Target: $15.20 | Target: $20 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $833.0M · Total debt $0 · Total assets $1.62B · Shareholders' equity $1.28B
- Revenue
- $135.8M
- Operating income
- −$18.3M
- Net income
- $970.6K
No dividends on record.
| Institutions | 22.00% | 6.61M ADS | |
|---|---|---|---|
| 52 holders · as of Jun 30, 2026 | |||
| Insiders | 38.20% | 11.48M ADS | |
| 3 holders · as of Mar 18, 2026 | |||
| Strategic holders | 36.75% | 11.05M ADS | |
| 1 holder · as of Sep 16, 2022 | |||
| Other | 3.05% | 919.0K ADS | |
| remainder | |||
30.07M ADS as of Sep 19, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (26.07M in the company's Sep 22, 2026 report, 30.07M elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Charles Zhang1,2Insiderdirector, 10 percent owner, officer: Chairman of the Board and CEO | 38.07% | 11.44M ordinary | filed Sep 16, 2022 |
Photon Group LimitedStrategic | 36.75% | 11.05M | filed Sep 16, 2022 |
Macquarie Management Holdings, Inc.Institution | 8.96% | 2.69M ADS | as of Jun 30, 2026 |
Acadian Asset Management LLCInstitution | 3.04% | 914,937 ADS | as of Jun 30, 2026 |
Renaissance Technologies LLCInstitution | 2.57% | 773,812 ADS | as of Jun 30, 2026 |
- Charles Zhang's transaction reports restate only vehicles that traded; the 2022 ownership statement (11.44M) is used instead.
- Charles Zhang reports a block also reported by Photon Group Limited; it is counted once, under Photon Group Limited.
Insider tradesForm 4
Nothing filed in the last 12 months.
- NetEase (ADR)
Large Chinese online-game catalogue across PC and mobile
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sohu.com (ADR) | $12.69 | −1.17% | $385.9M | 1.5 | — | 0.6 | +7.0% |
| NetEase (ADR) | $118.80 | +1.13% | $75.00B | 15.7 | 15.0 | 4.3 | +13.9% |
| Median | 15.7 | 15.0 | 4.3 | +13.9% |




