(Yicai Global) Aug. 5 -- Chinese internet firm Sohu.Com lost USD53 million in the second quarter, up 5 percent from a year earlier as a result of asset impairments made for subsidiary Changyou.
Without the adjustment it would have narrowed its 2018 second-quarter loss by 22 percent, according to the Beijing-based firm's financial report, published today.
Revenue slid 2 percent on the year to USD475 million but was up 10 percent from the previous quarter despite a 29 percent slide in brand advertising income.
Its share price [NASDAQ:SOHU] closed up 0.4 percent at USD12.22, giving it a market capitalization of USD476 million.
Editor: James Boynton