Sohu.com Limited (NASDAQ:SOHU) Q1 2024 Results Conference Call May 20, 2024 7:30 AM ET

Company Participants

Huang Pu - IR Director
Charles Zhang - Chairman, CEO
Joanna Lv - CFO
Dewen Chen - Changyou CEO

Conference Call Participants

Thomas Chong - Jefferies
Alicia Yap - Citi

Operator

Ladies and gentlemen, thank you for standing by, and good evening. Thank you for joining Sohu's First Quarter 2024 Earnings Conference Call. [Operator Instructions] Today's conference call is being recorded. If you have any objections, you may disconnect at this time.

I would now like to turn the conference over to your host for today's conference call, Huang Pu, Investor Relations Director of Sohu. Please go ahead.

Huang Pu

Thanks, operator. Thank you for joining us to discuss Sohu's first quarter 2024 results. On the call are Chairman and Chief Executive Officer, Dr. Charles Zhang; CFO, Joanna Lv; and Vice President of Finance, James Deng. Also with us are Changyou's CEO, Dewen Chen; and CFO, Yaobin Wang.

Before management begins their prepared remarks, I would like to remind you of the company's safe harbor statement in connection with today's conference call. Except for the historical information contained herein, the matters discussed on this call may contain forward-looking statements. These statements are based on current plans, estimates and projections, and therefore, you should not place undue reliance on them.

Forward-looking statements involve risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from containing annual forward-looking statements. For more information about the potential risks and uncertainties please refer to the company's filings with the Securities and Exchange Commission, including the most recent annual report on Form 20-F.

With that, I will now turn the call over to Dr. Charles Zhang. Charles, please proceed.

Charles Zhang

Thanks, Huang Pu, and thank you everyone for joining our call. In the first quarter of 2024, our top line performance was in line with our expectations and our bottom-line performance exceeded our guidance despite the impact of seasonality.

For Sohu Media and Sohu Video, we continue to enhance user experience by refining products and optimizing algorithms. We proactively integrated our product matrix and resources to stimulate content generation, consumption and social distribution. Meanwhile, leveraging our unique IP and differentiated advantages, we continue to host various events and campaigns, which not only stimulated users' interaction and content provision on our platforms, but also help us gain more monetization opportunities. Games delivered stable performance with revenues in line with our expectations.