Sohu Market Value Outpaces Sina and Netease

Wednesday, May 07, 2008; Posted: 05:17 AM

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SHENZHEN, May 07, 2008 (SinoCast via COMTEX) -- SOHU | news | PowerRating | PR Charts -- Stock price of NASDAQ-listed Sohu.com, one of the leading Internet news portals in China, has been reaching new highs lately driving by its strong first quarter result.

Its market value has outpaced that of Sina and Netease, two major rivals of Sohu. Net profits increased 383% to USD 21.6 million.

Sohu recorded total operating sales of USD 84.8 million in the first three months of 2008 mainly due to its booming cyber game business, USD 16.3 million higher than its expectations.

As one of the sponsors of 2008 Beijing Olympics Games, Sohu saw advertising sales of USD 34.8 million in the first quarter, representing an increase of 36% from the comparable period one year ago.

Its stock closed at USD 77.68 on May 5, the highest closing price since its first-day trading. Its market value reached USD 2.94 billion, in contrast to USD 2.56 billion and USD 2.82 billion of Sina and Sohu, respectively.

From www.enet.com.cn, Page 1, Tuesday, May 06, 2008 info@SinoCast.Com

For full details on Sohu.Com Inc (SOHU) click here. Sohu.Com Inc (SOHU) has Short Term PowerRatings of 5. Details on Sohu.Com Inc (SOHU) Short Term PowerRatings is available at This Link.

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