Sohu.com (SOHU) Plunges 8.47% on Widening Losses

Sohu.com (SOHU) shares plummeted 8.47% intraday, marking the sixth consecutive day of decline and reaching its lowest level since December 2023, with a cumulative drop of 33.73% over the past six days.

Sohu.com's financial performance for the full year of 2024 revealed a significant increase in losses, with a reported loss of US$3.13 per share compared to US$1.93 per share in the previous year. This substantial deterioration in financial health has raised concerns among investors about the company's ability to turn around its fortunes, leading to a sell-off in the stock.

Adding to the negative sentiment, Sohu.com reported a net loss and a decline in revenue for the fourth quarter of 2024. This quarterly financial decline further exacerbated investor worries, as it indicated a continued downward trend in the company's performance. The combination of increased losses and declining revenue has made investors cautious about the company's future prospects, contributing to the recent stock price decline.