Sohu: Limited Share Price Upside Due To Continued Losses (NASDAQ:SOHU) | Seeking Alpha
Sohu.com Limited faces decelerating revenue growth and widening losses, with a heavy reliance on its aging flagship game TLBB.Advertising revenue is declining due to broad economic weakness in China, with 2Q26 guidance indicating a further 12.5% YoY drop.Despite a strong balance sheet with $800M cash and no debt, SOHU trades at a low 0.6x P/S, reflecting market skepticism about earnings recovery.I rate SOHU as a SELL, citing limited upside amid mature gaming assets, weak ad trends, and negative forward guidance.
Jul. 06, 2026 2:08 PM ET
gleitfrosch/iStock via Getty Images
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Summary
Sohu’s stock is down nearly 87% from its historical peak. The company depends on one game for the majority of its revenue, where the gaming platform is aging. Both gaming and advertising revenue are expected to decelerate in
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FOX Business host Larry Kudlow reflects on America’s promised freedom following Independence Day Weekend on ‘Kudlow.’
Throughout the July 4th 250 weekend, President Trump’s speeches, especially at Mount Rushmore and the National Mall, really made two key points. One was the greatness of America, the home of Freedom, the land of liberty, a country whose founding creed was that its citizens receive their rights from God our creator.
Hence some of the greatest words in history: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”
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Here’s the president at the National Mall on Saturday: “This country is the home of freedom. This is the land of liberty.” He added: “we’re celebrating freedom’s triumph over tyranny. Liberty’s conquest over oppression, and the enduring victory of the American spirit.”
Another of his key themes this weekend is that we will never let socialism or communism take over this country. Here’s the president on that: “The entire world has been on notice that Americans will never let anyone take our freedom away. Won’t happen. And all these talks from the communists, they haven’t got a chance.” Mr. Trump added that “communism is a loser, and it always will be, calling it “a mortal threat to American liberty. It is the greatest threat to our country, including World War I, World War II, Pearl Harbor, or even 9/11. We’re not going to let this happen to us.”
These are universal themes that span from the American founding all the way to the present 250th anniversary. Yet I would bet that these would also be important campaign themes for the upcoming midterm elections.
Former House Speaker Newt Gingrich discusses capital gains tax reform, GOP tax cuts and the midterm political landscape on ‘Kudlow.’
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The Democratic party has badly boxed itself in by accepting this wave of antisemitic socialism and communism launched by the anti-American mayor of New York, Zohran Mamdani, and AOC and her growing contingent of radicals. The Democrats are going to be stuck with this come November.
The party leaders have caved into antisemitism and socialism and perhaps communism which knows no bounds, whatever you want to call it, it is surely not freedom and free enterprise. If you need any proof of that besides the collapse of the old Soviet Union, and the current collapse of communist Cuba, here’s one of my favorite stats: per-person gross domestic product in America is slightly over $90,000. Per person GDP in authoritarian statist Communist China, it’s slightly less than $14,000.
America has grown over the past several 100 years by nearly 3.5 percent adjusted for inflation. No country can possibly match that record. And meanwhile, just reading some of our leading economists and what they are saying, people like Kevin Hassett in the White House, or Ed Yardeni, Ed Hyman, Jason Trennert on Wall Street and many others, think of this: real GDP will hit an all-time record high this year. Not even the Covid lockdown could stop it.
Stocks are soaring. Profits and productivity are breaking records, business is booming, consumers are spending, household net worth is a staggering $170 trillion and on and on. Communism is a complete failure. Just look at the numbers. Free enterprise is the greatest prosperity machine raising living standards to unbelievable heights that history has ever seen. And that’s why America keeps on winning.
YOUNTVILLE, Calif. — Paul Pelosi, the husband of former House Speaker Nancy Pelosi, could face misdemeanor charges and a possible suspension of his driver’s license following a hit-and-run collision in California’s Napa County wine country last week, according to local authorities.
The Napa County Sheriff’s Office said in a news release Saturday that Pelosi, 86, was driving his brown convertible Friday afternoon in Yountville, a small town roughly an hour north of San Francisco, when he struck a legally parked, unoccupied vehicle on the side of the road. According to the sheriff’s office, Pelosi briefly stopped after the collision before driving away from the scene. A witness saw the crash and called 911.
Shortly afterward, sheriff’s deputies located Pelosi’s convertible with significant damage to its front end on a nearby road approximately a quarter of a mile from the collision site, according to authorities. Pelosi reportedly told officers he was aware he had hit something but was uncertain when or what had caused the damage to his vehicle. No injuries were reported in connection with the crash, and authorities said Pelosi did not have alcohol in his system at the time.
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Deputies determined that Pelosi was at fault in the collision, according to the sheriff’s office. He was not arrested at the scene, which authorities described as standard procedure for a misdemeanor property-damage crash of this nature. The Napa County District Attorney’s Office will now review the case and decide whether to move forward with formal charges.
In addition to the potential criminal case, the sheriff’s office said it would submit a driver re-evaluation referral to the California Department of Motor Vehicles, a process officials described as common when older drivers are involved in traffic collisions. That review could result in restrictions being placed on Pelosi’s driving privileges or a full suspension of his license, depending on the outcome of the DMV’s evaluation.
A spokesperson for the Pelosi family said Paul Pelosi has personally apologized to the owner of the damaged vehicle and has assured them that he would take responsibility for the cost of the repairs.
The incident marks the latest in a series of legal and personal difficulties involving Pelosi in recent years. In 2022, he pleaded guilty to misdemeanor charges of driving under the influence stemming from a separate crash, also in Napa County. He was sentenced to five days in jail and three years of probation in that case, though he ultimately served only one day in a work program after receiving credit for two days already served and additional credit for good conduct. As part of the terms of his probation, Pelosi was required to complete a three-month drinking driver class and install an ignition interlock device in his vehicle, a system that requires a driver to provide a breath sample proving sobriety before the engine will start. He was also ordered to pay approximately $5,000 in restitution to the victim of that crash for medical bills and lost wages, along with nearly $2,000 in fines.
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Later in 2022, Pelosi was the victim of a separate, unrelated incident in which he was attacked and severely beaten with a hammer inside the Pelosis’ San Francisco home. His attacker, David DePape, was convicted and sentenced in 2024 to 30 years in prison for the assault.
Nancy Pelosi, who served as speaker of the House from 2007 to 2011 and again from 2019 to 2023, continues to represent a San Francisco-based congressional district, a seat she has held for decades. She has not publicly commented on Friday’s incident as of this report.
Under California law, a misdemeanor hit-and-run involving property damage, rather than injury, typically carries potential penalties that can include fines and up to six months in county jail, though sentencing outcomes vary widely based on the specifics of a case and a defendant’s prior record. Prosecutors in Napa County have not indicated a timeline for their charging decision.
The California DMV’s re-evaluation process for older drivers typically involves a review of a driver’s recent record, and in some cases a request for additional medical or vision documentation, or a retest of driving skills, before determining whether a license should be renewed without restriction, limited to certain conditions, or revoked. The process can take weeks to complete depending on the volume of cases under review and the specific circumstances involved.
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Friday’s collision has drawn renewed public attention to Pelosi’s driving history, given that this marks the second incident involving a vehicle he was driving in Napa County within the past several years. Local authorities have not indicated whether Friday’s crash will have any bearing on the terms of his earlier probation from the 2022 case, which has since concluded.
As of this report, the Napa County District Attorney’s Office had not announced a formal charging decision, and the California DMV had not indicated the outcome of any driver re-evaluation referral submitted in connection with the case. Paul Pelosi has not made a detailed public statement beyond the apology conveyed through a family spokesperson following the incident.
Sales of electric and plug-in hybrid cars have overtaken petrol-only registrations for the first time, in a month that also saw China’s big three exporters capture one in seven of all new cars sold in the UK.
June’s figures mark a watershed for the British motor trade. After a spring of record pump prices and with electric car prices falling in an increasingly crowded marketplace, registrations of zero-emission electric vehicles rose 35 per cent to almost 63,950, giving battery-powered cars 30 per cent of the market.
Plug-in hybrids, which run primarily on battery power with a petrol engine in reserve, added a further 26,702 sales, up 25 per cent year on year, for a 12.5 per cent share. Between them, the two plug-in categories comfortably outsold pure petrol cars, whose 84,541 registrations pushed their market share below 40 per cent for the first time, to 39.7 per cent.
The balance was made up of self-charging hybrids, on 14 per cent, and diesel, which continues its chronic decline in the wake of environmental and regulatory clampdowns, at just 3.8 per cent of new sales, according to industry figures compiled by the Society of Motor Manufacturers and Traders.
The month’s other defining trend was the pace at which Chinese manufacturers are winning British buyers across every fuel type, with pricing that undercuts the legacy carmakers. In a market of more than 213,000 registrations, up 11.4 per cent, the three biggest Chinese exporters sold over 30,000 vehicles between them, taking more than 14 per cent of the market.
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MG, the heritage British marque now owned by Shanghai Automotive, claimed 4.9 per cent, outselling Toyota, the world’s biggest carmaker, as well as Korean rivals Kia and Hyundai. Chery, which recently signed a deal to build some of its models at Nissan’s Sunderland plant, took 6.4 per cent across its Jaecoo and Omoda brands. BYD, China’s largest carmaker, accounted for just shy of 3 per cent.
Many in the trade believe a tipping point has been reached, with electrified vehicles now mainstream and increasingly available on the used market, even if plug-in motoring remains less convenient for the two in five motorists unable to charge cheaply at home. Public charging costs and infrastructure, tracked by Zapmap, remain the key barrier for households without a driveway.
Nick Williams, managing director of the transport business at Lloyds Banking Group, said the affordability picture had shifted markedly over the past year.
“Used electric cars are now generally cheaper than their petrol equivalents and the second-hand market grew by around a third in the first quarter,” he said. “For households that can’t justify a new electric car at list price, the growing pool of used stock is a route in.”
“The other visible shift is on running costs,” Williams added, “with pump prices having swung by more than 20p a litre and home charging tariffs having stayed broadly stable.”
Jamie Young
Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting.
Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops.
When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.
Toyota Tacoma trucks on the sales lot at City Toyota on Feb. 28, 2024, in Daly City, California.
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Toyota Motor on Monday announced that it is investing $3.6 billion to move production of the Tacoma midsize pickup truck from a plant in Mexico to its San Antonio, Texas, manufacturing campus.
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The investment is expected to create 2,000 U.S. jobs at the facility, add a second vehicle assembly line and roughly double the size of the 2.7-million-square-foot plant by 2030, the automaker said. It will expand the plant’s annual capacity from roughly 200,000 to 350,000 units, Toyota said.
The announcement is part of Toyota’s stated plans to invest up to $10 billion more than previously expected domestically in the U.S. through 2030. It comes less than a week after the Trump administration confirmed it would not extend its trilateral trade pact with Canada and Mexico, instead opting to conduct annual reviews.
A Toyota spokeswoman said the company is “maintaining its operations in Mexico” as Tacoma production transfers from Tijuana to Texas over the next four years, but she declined to share additional details. The company plans to continue to produce Tacoma pickups at another Mexican plant in Guanajuato, she said.
“This investment expands Toyota’s manufacturing capacity and complements our broader North American production network,” she said in an email to CNBC.
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The move comes more than six years after Toyota confirmed it would shift Tacoma production from the Texas plant to the Toyota Motor Manufacturing de Guanajuato plant in Mexico.
The Texas plant currently produces the Toyota Tundra full-size pickup truck, including a hybrid variant, and the Toyota Sequoia SUV hybrid. Toyota previously announced it was investing $531 million in a 500-million-square-foot rear axle plant on the campus that is slated to begin production in the fall.
Potential plans to expand the San Antonio plant, codenamed Project Orca, were first reported in May by Automotive News.
“Toyota’s continued investment in North America is a testament to our confidence in the region’s workforce, innovation and long-term growth potential,” Toyota Motor North America CEO Ted Ogawa said in a release. “By expanding our San Antonio plant, we are deepening our commitment to American manufacturing, creating meaningful and sustainable jobs, while advancing our mission to deliver high-quality vehicles that meet the changing needs of customers today and into the future.”
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Toyota, which employs 48,000 people in the U.S., says it has invested $8.3 billion in the San Antonio plant since its groundbreaking in 2003.
The increased investment and production capacity could assist Toyota — the world’s largest automaker — in becoming the No. 1 carmaker in U.S. sales.
Toyota is forecast to narrow the gap in U.S. sales with America’s largest automaker, General Motors, this year as hybrids get more popular and all-electric vehicles sputter, according to Cox Automotive.
The Japanese automaker’s sales were up 0.5% through the first half of the year compared with 2025, to 1.24 million. GM, meanwhile, reported a 6.8% decline during that time, to 1.34 million vehicles sold.
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Toyota’s gains come as the automaker has rolled out new models, including all-electric vehicles, while continuing to double down on its hybrid vehicles, where it’s been a leader for decades.
GM, meanwhile, heavily invested in all-electric vehicles instead of hybrids, many times referring to them as a transitional technology. The Detroit automaker’s sole hybrid is a Corvette, while it offers a full lineup of EVs for luxury brand Cadillac as well as many models for other brands.
The S&P 500 and Nasdaq ended sharply higher on Monday, with Broadcom and other chip stocks rallying as investors bought shares in companies related to artificial intelligence that are expected to drive a strong second-quarter earnings season.
Broadcom jumped after the chipmaker and Apple agreed to extend a deal through 2031 to develop and supply a range of custom chips.
The S&P 500 information technology sector index climbed, while the Philadelphia SE Semiconductor index gained after two straight sessions of losses.
“This is a market that’s leaving a lot of people out. If you’re not in certain tech names, if you’re not in semiconductors, then you’re basically missing the entire rally,” said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. “I think it’s a very tenuous rally. There is a risk, particularly if the Fed continues to see higher interest rates for longer.”
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Taking advantage of massive investor demand for AI-related chip stocks, South Korea’s SK Hynix was set to debut on the Nasdaq later this week.
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Microsoft shares fell after the tech heavyweight said it was cutting about 2.1% of its workforce, or roughly 4,800 jobs. “What the market is saying is Microsoft can’t afford all of its CapEx and there’s not a clear return on invested capital yet. Therefore, laying off people in lieu of moderating CapEx spend is perceived as a negative,” said Thomas Hayes, chairman at Great Hill Capital LLC.In economic data, the Institute for Supply Management said its non-manufacturing purchasing managers index edged down to 54.0 last month, matching expectations.
According to preliminary data, the S&P 500 gained 55.10 points, or 0.74%, to end at 7,538.34 points, while the Nasdaq Composite gained 288.49 points, or 1.12%, to 26,121.16. The Dow Jones Industrial Average rose 159.68 points, or 0.29%, to 53,053.59.
With Monday’s gains, the S&P 500 is up about 10% in 2026, and the Nasdaq has added about 12%.
With major U.S. companies set to begin reporting quarterly earnings in the next few days, investors have high expectations.
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Analysts expect S&P 500 companies to increase their earnings by an aggregate 24% year-over-year in the second quarter, according to LSEG I/B/E/S. Tech sector earnings are projected to jump around 65%.
Delta Air Lines and PepsiCo are set to report results later in the week. Following a cooler-than-expected jobs report last week, traders see a 25% chance of a 25-basis-point rate hike at the central bank’s July 29 meeting, according to CME’s FedWatch tool.
Hawkish bets had risen after last month’s Fed meeting, the first under new Chair Kevin Warsh. The minutes are due on Wednesday.
Fed Governor Christopher Waller said on Monday that forward guidance can be a “valuable tool” that speeds up the impact of monetary policy under the right circumstances, but can become problematic when used inflexibly.
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Shares of O’Reilly Automotive tumbled after Bloomberg News reported on Thursday that the auto parts retailer sent a cash offer to buy Genuine Parts. Genuine Parts also fell.
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