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Sohu.com Limited (NASDAQ:SOHU) reported revenue growth of 13% year-over-year to $172 million for the fiscal second quarter of 2024, up 24% Q/Q. The Chinese internet company’s adjusted loss per ADS was $(1.05), down from $(0.52) Y/Y. Brand advertising revenues declined 17% Y/Y to $20 million. Online game revenues increased 24% Y/Y to $147 million. The adjusted gross margin declined by 900 bps Y/Y to 67% and by 1,000 bps Q/Q. The adjusted gross margin for online games was 76% versus 87% last year and 88% in the prior quarter. Sohu held $1.3 billion in cash and equivalents as of June 30, 2024. Th…

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