Sohu.com Limited (NASDAQ:SOHU) Q2 2023 Earnings Call Transcript

Charles Zhang : Well, Chen Dewen, you can go and share.

Dewen Chen: Yes. The game is developed by China research and development team the published by Tencent. And now before its launch is being prepared in a registration phase. So, because Tencent is in charge of the process. So, we just did the monetization test in June and the testing results met with our prior expectations for the testing phase. But for sure, we cannot do any projections for mid-to-long-term gaming and performance. So, to be conservative, we just didn’t put it into our guidance.

Alicia Yap : Okay. And then lastly, Charles, can you also share with us any update the views or thoughts on the cash use and also the shareholder return policy? For example, any thinking about a regular dividend policy or any upcoming new share buyback program? Thank you.

Charles Zhang : Well, we — currently, right now, we don’t have any plan for dividend or buyback plans. We are still have a huge task of growing our user base. And we’ve been working on our products for the last few years to refine it and to develop new applications, especially in the social network side, on the Sohu net side. And we — and our battlefield will enter into the stage of a major user acquisition, yes, stage user acquisition that we’ll need the fund to do that. So, the use of cash will be — continue to be to develop our user base. We don’t have any — currently don’t have much other plans to investment.

Alicia Yap : Okay, thank you, Charles. Thank you, management.

Operator: [Operator Instructions]. There are no further questions. So, with that, we conclude today’s conference call. Thank you for participating. You may now disconnect.