Market Signal Briefing

Investors are worried about the impact of AI.

Workflow automation leader ServiceNow (NOW 1.84%) delivered an outstanding update in its fourth-quarter results last week, but the stock tumbled. It has lost nearly half its value over the past year, but is that a reason for investors to stay away, or is it a buying opportunity? Let's take a look.

Image source: Getty Images.

AI and high growth ServiceNow is reporting strong growth and high profitability. Here are some of the fourth-quarter highlights:

Sales increased 20% year over year. The renewal rate was 98%. It had $12.85 billion in current remaining performance obligations. It had $0.92 in earnings per share, a 26% year-over-year increase. The main reason the stock tanked is that software-as-a-service (SaaS) stocks are out of favor with the market right now, which is concerned about how artificial intelligence (AI) could take over many of the tasks companies pay for today. For example, hyperscalers are investing in cloud-based services, where clients can use generative AI for coding and to create applications instead of forking over monthly payments for many different subscription services.

Today's Change

(

-1.84

%) $

-1.89

Current Price

$

100.74

Fears, risks, and valuation While it remains to be seen whether AI will wipe out SaaS companies' businesses, the market is already taking this into account. Does that create an opportunity?

ServiceNow calls itself the "control tower" of a company, and more than 8,000 clients rely on its software to run their businesses more efficiently. This business is not going to disappear so fast. On top of that, the company is pivoting to use AI to its advantage and offer a better product. It's not unlike the fears about Alphabet losing ground to ChatGPT and other large-language models (LLMs), while the company has also used AI to its advantage.

ServiceNow has a leading position as well, and it's integrating AI into its organization to offer more value to clients and keep its lead. It announced several major deals recently, including one with OpenAI to integrate ChatGPT models into its software, and another with Anthropic for clients to create workflow applications using the Claude LLM.

Investors remained unimpressed. After the beating it took last week, ServiceNow stock is down 45% over the past year and trades at a price-to-earnings (P/E) ratio of 32. That's reasonable for a company reporting double-digit growth. And although it's been around for a while, it still has healthy growth opportunities along with a recurring revenue stream.

There may continue to be more downside as the market figures out what to do with SaaS companies, but this does look like an opportunity to buy on the dip.

Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet and ServiceNow. The Motley Fool has a disclosure policy.

HomeStock IdeasLong IdeasTech 

SummaryMicrosoft has been sharply sold off despite strong fundamentals, with recent buying at discounts up to 29% below its 52-week high.MSFT delivered robust results: 17% YoY revenue growth, 21% constant currency EPS growth, and margin expansion, all at an attractive 21x CY27 EPS.Azure growth concerns are overblown; supply, not demand, or limited growth. MSFT can address this supply issue with additional GPU allocation.The tech sell-off is attributed more to profit-taking and market mechanics than to AI disruption, or fundamental weakness in hyperscalers.This idea was discussed in more depth with members of my private investing community, Group Mind Investing. Learn More » YanLev/iStock via Getty Images

The Notion of AI Eating Software is Just Illogical; Let’s Look at Microsoft I am trying a new way to think about the market. The reason is that market participants have been dumping software-related names, and thinking

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MSFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

, /PRNewswire/ -- Sohu.com Limited (NASDAQ: SOHU) ("Sohu" or the "Company"), a leading Chinese online media platform and game business group, today reported unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025.

Fourth Quarter Highlights

Total revenues were US$142 million, up 6% year-over-year and down 21% quarter-over-quarter. Marketing services revenues were US$17 million, down 10% year-over-year and up 25% quarter-over-quarter. Online game revenues were US$120 million, up 10% year-over-year and down 26% quarter-over-quarter. After giving effect to the reversal of previously accrued withholding income tax of approximately US$285 million related to Changyou, GAAP net income attributable to Sohu.com Limited was US$223 million, compared with a net loss of US$21 million in the fourth quarter of 2024 and net income of US$9 million in the third quarter of 2025. After giving effect to the reversal of previously accrued withholding income tax of approximately US$285 million related to Changyou, non-GAAP[1] net income attributable to Sohu.com Limited was US$261 million, compared with a net loss of US$15 million in the fourth quarter of 2024 and net income of US$9 million in the third quarter of 2025. Fiscal Year 2025 Highlights

Total revenues were US$584 million, down 2% compared with 2024.  Marketing services revenues were US$60 million, down 18% compared with 2024.  Online game revenues were US$506 million, up 1% compared with 2024. GAAP net income attributable to Sohu.com Limited was US$394 million, compared with a net loss of US$100 million in 2024. Non-GAAP net income attributable to Sohu.com Limited was US$234 million, compared with a net loss of US$83 million in 2024. Dr. Charles Zhang, Chairman and CEO of Sohu.com Limited, commented, "In the fourth quarter of 2025, our marketing services revenues exceeded our previous guidance, while our online game revenues were in line with our expectations. Our non-GAAP bottom-line performance, excluding the impact of the Changyou withholding income tax reversal, came in at the high end of our prior guidance. For the Sohu media platform, we continued to improve our products and algorithms to address user needs and enhance their experience across different scenarios. We continued to host a variety of innovative events, which generated abundant premium content, greatly promoted user engagement, and enabled us to capture more monetization opportunities. For our online games, we remained committed to long-term operational excellence and continued to deliver high-quality content updates and compelling experiences to our players."

[1] Non-GAAP results exclude share-based compensation expense; changes in fair value recognized in the Company's consolidated statements of operations with respect to the Company's investments; impairment of goodwill; and the income tax benefit in connection with the one-time transition tax (the "Toll Charge") imposed by the U.S. Tax Cuts and Jobs Act and related accrued interest expense. Explanation of the Company's non-GAAP financial measures and related reconciliations to GAAP financial measures are included in the accompanying "Non-GAAP Disclosure" and "Reconciliations of Non-GAAP Results of Operation Measures to the Nearest Comparable GAAP Measures."

Fourth Quarter Financial Results 

Revenues

Total revenues were US$142 million, up 6% year-over-year and down 21% quarter-over-quarter.

Marketing services revenues were US$17 million, down 10% year-over-year and up 25% quarter-over-quarter.

Online game revenues were US$120 million, up 10% year-over-year and down 26% quarter-over-quarter.

Gross Margin

Both GAAP and non-GAAP gross margin were 75%, compared with 73% in the fourth quarter of 2024 and 81% in the third quarter of 2025.

Both GAAP and non-GAAP gross margin for the marketing services business were 6%, compared with 6% in the fourth quarter of 2024 and 10% in the third quarter of 2025.

Both GAAP and non-GAAP gross margin for online games were 85%, compared with 83% in the fourth quarter of 2024 and 87% in the third quarter of 2025.

Operating Expenses

GAAP operating expenses were US$173 million, up 41% year-over-year and 31% quarter-over-quarter. GAAP operating expenses for the fourth quarter of 2025 included a goodwill impairment charge of approximately US$37 million. 

Non-GAAP operating expenses were US$136 million, up 11% year-over-year and 3% quarter-over-quarter.

Operating Profit/(Loss)

GAAP operating loss was US$66 million, compared with an operating loss of US$25 million in the fourth quarter of 2024 and operating profit of US$14 million in the third quarter of 2025.

Non-GAAP operating loss was US$29 million, compared with an operating loss of US$25 million in the fourth quarter of 2024 and operating profit of US$14 million in the third quarter of 2025.

Income Tax Expense/(Benefit)

GAAP income tax benefit was US$280 million, compared with income tax expense of US$14 million in the fourth quarter of 2024 and income tax expense of US$17 million in the third quarter of 2025. Non-GAAP income tax benefit was US$280 million, compared with income tax expense of US$10 million in the fourth quarter of 2024 and income tax expense of US$17 million in the third quarter of 2025. Due to a revision of the dividend policy for Changyou, previously accrued withholding income tax of approximately US$285 million was fully reversed in the fourth quarter of 2025.

Net Income/(Loss)

GAAP net income attributable to Sohu.com Limited was US$223 million, or net income of US$8.38 per fully-diluted American depositary share ("ADS," each ADS representing one Sohu ordinary share), compared with a net loss of US$21 million in the fourth quarter of 2024 and net income of US$9 million in the third quarter of 2025.

Non-GAAP net income attributable to Sohu.com Limited was US$261 million, or net income of US$9.77 per fully-diluted ADS, compared with a net loss of US$15 million in the fourth quarter of 2024 and net income of US$9 million in the third quarter of 2025.

Liquidity and Capital Resources

As of December 31, 2025, cash and cash equivalents, short-term investments and long-term time deposits totaled approximately US$1.2 billion.

Fiscal Year 2025 Financial Results

Revenues

Total revenues were US$584 million, down 2% compared with 2024. 

Marketing services revenues were US$60 million, down 18% compared with 2024. 

Online game revenues were US$506 million, up 1% compared with 2024.

Gross Margin

Both GAAP and non-GAAP gross margin were 77%, compared with 72% in 2024.

Both GAAP and non-GAAP gross margin for the marketing services business were 11%, compared with 9% in 2024.

Both GAAP and non-GAAP gross margin for online games were 86%, compared with 82% in 2024.

Operating Expenses

GAAP operating expenses totaled US$547 million, up 1% compared with 2024.

Non-GAAP operating expenses totaled US$508 million, down 6% compared with 2024.

Operating Loss

GAAP operating loss was US$94 million, compared with an operating loss of US$109 million in 2024.

Non-GAAP operating loss was US$55 million, compared with an operating loss of US$109 million in 2024.

Income Tax Expense/(Benefit)

GAAP income tax benefit was US$444 million, compared with income tax expense of US$52 million in 2024.

Non-GAAP income tax benefit was US$245 million, compared with income tax expense of US$37 million in 2024.

Net Income/(Loss)

GAAP net income attributable to Sohu.com Limited was US$394 million, or net income of US$13.96 per fully-diluted ADS, compared with a net loss of US$100 million in 2024.

Non-GAAP net income attributable to Sohu.com Limited was US$234 million, or net income of US$8.27 per fully-diluted ADS, compared with a net loss of US$83 million in 2024.

Supplementary Information for Changyou Results[2]

Fourth Quarter 2025 Operating Results

For PC games, total average monthly active user accounts[3] (MAU) were 2.8 million, an increase of 19% year-over-year and 4% quarter-over-quarter. Total quarterly aggregate active paying accounts[4] (APA) were 1.1 million, an increase of 8% year-over-year and a decrease of 3% quarter-over-quarter. The year-over-year increases in MAU and APA were mainly from Changyou's PC game Tian Long Ba Bu ("TLBB"): Return, which was launched during the third quarter of 2025. For mobile games, total average MAU were 1.9 million, a decrease of 27% year-over-year and an increase of 1% quarter-over-quarter. Total quarterly APA were 0.3 million, a decrease of 26% year-over-year and an increase of 1% quarter-over-quarter. The year-over-year decreases in MAU and APA were mainly due to the natural decline of several games launched by Changyou during the year of 2024. [2] "Changyou Results" consist of the results of Changyou's online game business and its 17173.com Website.

[3] Monthly active user accounts refers to the number of registered accounts that are logged in to these games at least once during the month.

[4] Quarterly aggregate active paying accounts refers to the number of accounts from which game points are utilized at least once during the quarter.

Fourth Quarter 2025 Unaudited Financial Results

Total revenues were US$121 million, an increase of 9% year-over-year and a decrease of 26% quarter-over-quarter. Online game revenues were US$120 million, an increase of 10% year-over-year and a decrease of 26% quarter-over-quarter.

Both GAAP and non-GAAP gross profit were US$103 million, compared with US$92 million for the fourth quarter of 2024 and US$141 million for the third quarter of 2025.

GAAP operating expenses were US$58 million, an increase of 29% year-over-year and 6% quarter-over-quarter.

Non-GAAP operating expenses were US$57 million, an increase of 29% year-over-year and 7% quarter-over-quarter. 

GAAP operating profit was US$45 million, compared with US$48 million for the fourth quarter of 2024 and US$87 million for the third quarter of 2025.

Non-GAAP operating profit was US$45 million, compared with US$48 million for the fourth quarter of 2024 and US$88 million for the third quarter of 2025.

Fiscal Year 2025 Unaudited Financial Results

Total revenues were US$509 million, an increase of 1% year-over-year. Online game revenues were US$506 million, an increase of 1% year-over-year.

Both GAAP and non-GAAP gross profit were US$436 million, compared with US$415 million for 2024.

GAAP operating expenses were US$199 million, a decrease of 9% year-over-year.

Non-GAAP operating expenses were US$197 million, a decrease of 10% year-over-year.

GAAP operating profit was US$237 million, compared with US$196 million for 2024.

Non-GAAP operating profit was US$238 million, compared with US$196 million for 2024.

Recent Development

Under the previously-announced share repurchase program of up to US$150 million of the outstanding ADSs, Sohu had repurchased 8.1 million ADSs for an aggregate cost of approximately US$106 million as of February 5, 2026.

Business Outlook

For the first quarter of 2026, Sohu estimates:

Marketing services revenues to be between US$10 million and US$11 million; this implies an annual decrease of 20% to 27%, and a sequential decrease of 35% to 41%. Online game revenues to be between US$113 million and US$123 million; this implies an annual decrease of 4% to an annual increase of 5%, and a sequential decrease of 6% to a sequential increase of 2%.  Both non-GAAP and GAAP net loss attributable to Sohu.com Limited to be between US$10 million and US$20 million. For the first quarter 2026 guidance, the Company has adopted a presumed exchange rate of RMB7.02=US$1.00, as compared with the actual exchange rate of approximately RMB7.18=US$1.00 for the first quarter of 2025, and RMB7.08=US$1.00 for the fourth quarter of 2025.

This forecast reflects Sohu's management's current and preliminary view, which is subject to substantial uncertainty.

Non-GAAP Disclosure

To supplement the unaudited consolidated financial statements presented in accordance with accounting principles generally accepted in the United States of America ("GAAP"), Sohu's management uses non-GAAP measures of gross profit, operating profit/(loss), net income/(loss), net income/(loss) attributable to Sohu.com Limited and diluted net income/(loss) attributable to Sohu.com Limited per ADS, which are adjusted from results based on GAAP to exclude the impact of share-based compensation expense; changes in fair value recognized in the Company's consolidated statements of operations with respect to the Company's investments; impairment of goodwill; and the income tax benefit in connection with the Toll Charge and related accrued interest expense. These measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results.

Sohu's management believes excluding share-based compensation expense; changes in fair value recognized in the Company's consolidated statements of operations with respect to the Company's investments; impairment of goodwill; and the income tax benefit in connection with the Toll Charge and related accrued interest expense from the Company's non-GAAP financial measures is useful for itself and investors. Further, the impact of share-based compensation expense; changes in fair value recognized in the Company's consolidated statements of operations with respect to the Company's investments; impairment of goodwill; and the income tax benefit in connection with the Toll Charge and related accrued interest expense could not be anticipated by management and business line leaders, and these expenses were not built into the annual budgets and quarterly forecasts that have been the basis for information Sohu provides to analysts and investors as guidance for future operating performance. As share-based compensation expense, changes in fair value recognized in the Company's consolidated statements of operations with respect to the Company's investments, and impairment of goodwill do not involve subsequent cash outflow and are not reflected in the cash flows at the equity transaction level, Sohu does not factor in their impact when evaluating and approving expenditures or when determining the allocation of its resources to its business segments. As a result, in general, the monthly financial results for internal reporting and any performance measures for commissions and bonuses are based on non-GAAP financial measures that exclude share-based compensation expense, changes in fair value recognized in the Company's consolidated statements of operations with respect to the Company's investments, and impairment of goodwill, and also exclude the income tax benefit in connection with the Toll Charge and related accrued interest expense.

The non-GAAP financial measures are provided to enhance investors' overall understanding of Sohu's current financial performance and prospects for the future. A limitation of using non-GAAP gross profit, operating profit/(loss), net income/(loss), net income/(loss) attributable to Sohu.com Limited, and diluted net income/(loss) attributable to Sohu.com Limited per ADS excluding share-based compensation expense is that this expense has been and can be expected to continue to recur in Sohu's business. It is also possible that changes in fair value recognized in the Company's consolidated statements of operations with respect to the Company's investments and impairments of goodwill will recur in the future. In order to mitigate these limitations Sohu has provided specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables include details on the reconciliation between the GAAP financial measures that are most directly comparable to the non-GAAP financial measures that have been presented.

Notes to Financial Information

Financial information in this press release other than the information indicated as being non-GAAP is derived from Sohu's unaudited financial statements prepared in accordance with GAAP.

Safe Harbor Statement

This announcement contains forward-looking statements. It is currently expected that the Business Outlook will not be updated until release of Sohu's next quarterly earnings announcement; however, Sohu reserves right to update its Business Outlook at any time for any reason. Statements that are not historical facts, including statements about Sohu's beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, instability in global financial and credit markets and its potential impact on the Chinese economy; exchange rate fluctuations, including their potential impact on the Chinese economy and on Sohu's reported U.S. dollar results; fluctuations in Sohu's quarterly operating results; the possibilities that Sohu will be unable to recoup its investment in content and will be unable to develop a series of successful games for mobile platforms or successfully monetize mobile games it develops or acquires; and Sohu's reliance on marketing services offerings and online games for its revenues. Further information regarding these and other risks is included in Sohu's annual report on Form 20-F for the year ended December 31, 2024, and other filings with and information furnished to the SEC.

Conference Call and Webcast 

Sohu's management team will host a conference call at 7:30 a.m. U.S. Eastern Time, February 9, 2026 (8:30 p.m. Beijing/Hong Kong time, February 9, 2026) following the quarterly results announcement. Participants can register for the conference call by clicking here, which will lead them to the conference registration website. Upon registration, participants will receive details for the conference call, including the dial-in numbers and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin.

The live Webcast and archive of the conference call will be available on the Investor Relations section of Sohu's website at https://investors.sohu.com/.

About Sohu

Sohu.com Limited (NASDAQ: SOHU) was established by Dr. Charles Zhang, one of China's internet pioneers, in the 1990s. Sohu operates one of the leading Chinese online media platforms and also engages in the online game business in the Chinese mainland. Sohu has built one of the most comprehensive matrices of Chinese language web properties, consisting of Sohu News App, Sohu Video App, the mobile portal m.sohu.com, the PC portal www.sohu.com, and the online games platform www.changyou.com/en/.

As a mainstream media platform with social features, Sohu is indispensable to the daily life of millions of Chinese, providing to a vast number of users a network of web properties and community based products, which offer a broad array of content, such as news and information, in the form of text, picture, video, and live broadcasting. Sohu also attracts users to actively engage in content generation and distribution, and actively interact with each other on the platform. Sohu's online game business is conducted by its subsidiary Changyou, which develops and operates a diverse portfolio of PC and mobile games, such as the well-known TLBB PC and Legacy TLBB Mobile.

For investor and media inquiries, please contact:

Sohu.com Limited
Ms. Pu Huang
Tel:      +86 (10) 6272-6645
E-mail: [email protected]

Christensen Advisory 
E-mail:  [email protected] 

SOHU.COM LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED, IN THOUSANDS EXCEPT PER SHARE AMOUNTS)

Three Months Ended

Twelve Months Ended

Dec. 31, 2025

Sep. 30, 2025

Dec. 31, 2024

Dec. 31, 2025

Dec. 31, 2024

Revenues:

    Marketing services

$

17,027

$

13,596

$

18,865

$

59,972

$

73,465

    Online games

120,361

162,036

109,859

505,738

502,389

    Others

4,872

4,529

5,960

18,623

22,545

Total revenues

142,260

180,161

134,684

584,333

598,399

Cost of revenues:

Marketing services (includes share-based
compensation expense of nil, nil, nil, nil, and $1,
respectively) 

15,959

12,172

17,787

53,451

66,579

Online games

17,947

21,177

18,133

71,804

88,495

Others 

1,280

1,517

1,113

6,234

10,759

Total cost of revenues

35,186

34,866

37,033

131,489

165,833

Gross profit

107,074

145,295

97,651

452,844

432,566

Operating expenses:

Product development (includes share-based
compensation expense of nil, nil, nil, nil, and $19,
respectively) 

63,891

61,820

61,584

247,507

255,233

Sales and marketing (includes share-based
compensation expense of nil, $4, $-1, $6, and $22,
respectively) 

45,159

49,699

48,588

188,989

235,824

General and administrative (includes share-based
compensation expense of $324, $426, $243, $1,493,
and $-72, respectively)

27,111

20,196

12,672

73,198

50,910

Goodwill impairment[5]

36,955

-

-

36,955

-

Total operating expenses

173,116

131,715

122,844

546,649

541,967

Operating profit/(loss)

(66,042)

13,580

(25,193)

(93,805)

(109,401)

Other income, net

3,725

5,145

8,448

16,550

22,144

Interest income

6,719

7,140

8,632

29,137

38,625

Exchange difference

(908)

(563)

1,240

(1,405)

464

Income/(loss) before income tax expense

(56,506)

25,302

(6,873)

(49,523)

(48,168)

Income tax expense/(benefit)[6]

(279,791)

16,636

14,387

(443,609)

52,070

Net income/(loss)

223,285

8,666

(21,260)

394,086

(100,238)

Less: Net income/(loss) attributable to the
noncontrolling interest shareholders

-

-

31

(9)

31

Net income/(loss) attributable to Sohu.com Limited

223,285

8,666

(21,291)

394,095

(100,269)

Basic net income/(loss) per share/ADS attributable to
Sohu.com Limited

$

8.38

$

0.32

$

(0.69)

$

13.96

$

(3.13)

Shares/ADSs used in computing basic net
income/(loss) per share/ADS attributable to Sohu.com
Limited[7]

26,658

27,491

30,799

28,234

32,009

Diluted net income/(loss) per share/ADS attributable to
Sohu.com Limited

$

8.38

$

0.32

$

(0.69)

$

13.96

$

(3.13)

Shares/ADSs used in computing diluted net
income/(loss) per share/ADS attributable to Sohu.com
Limited

26,658

27,491

30,799

28,234

32,009

[5] In the fourth quarter of 2025, the Company recognized a goodwill impairment loss of approximately US$37 million.

[6]  Due to a revision of the dividend policy for Changyou, previously accrued withholding income tax of approximately US$285 million was fully reversed in the fourth quarter of 2025.

[7]  Each ADS represents one ordinary share.

SOHU.COM LIMITED

CONDENSED CONSOLIDATED BALANCE SHEETS 

(UNAUDITED, IN THOUSANDS)

As of Dec. 31, 2025

As of Dec. 31, 2024

ASSETS

Current assets:

           Cash and cash equivalents

$

128,308

$

159,927

           Short-term investments

702,372

744,498

           Accounts receivable, net

43,335

53,762

           Prepaid and other current assets 

93,903

83,575

Total current assets

967,918

1,041,762

Fixed assets, net

246,263

252,860

Goodwill[8]

10,257

46,944

Long-term investments, net

43,939

43,120

Intangible assets, net

4,692

7,695

Long-term time deposits

350,659

331,290

Other assets

12,325

10,995

Total assets

$

1,636,053

$

1,734,666

LIABILITIES 

Current liabilities:

           Accounts payable 

$

36,215

$

36,043

           Accrued liabilities

95,430

97,138

           Receipts in advance and deferred revenue

54,878

51,007

           Accrued salary and benefits

55,018

47,232

           Taxes payables

15,571

14,225

           Other short-term liabilities

76,601

76,322

Total current liabilities

$

333,713

$

321,967

Long-term other payables

2,896

2,807

Long-term tax liabilities[9]

21,051

485,545

Other long-term liabilities

322

1,659

Total long-term liabilities

$

24,269

$

490,011

                         Total liabilities

$

357,982

$

811,978

SHAREHOLDERS' EQUITY:

          Sohu.com Limited shareholders' equity

1,277,727

922,335

          Noncontrolling interest

344

353

                     Total shareholders' equity

$

1,278,071

$

922,688

Total liabilities and shareholders' equity  

$

1,636,053

$

1,734,666

[8] See footnote 5.

[9]  See footnote 6.

SOHU.COM LIMITED

RECONCILIATIONS OF NON-GAAP RESULTS OF OPERATIONS MEASURES TO THE NEAREST COMPARABLE GAAP MEASURES

(UNAUDITED, IN THOUSANDS EXCEPT PER SHARE AMOUNTS)

Three Months Ended Dec. 31, 2025

Three Months Ended Sep. 30, 2025

Three Months Ended Dec. 31, 2024

GAAP

Non-GAAP
Adjustment

Non-GAAP

GAAP

Non-GAAP
Adjustment

Non-GAAP

GAAP

Non-GAAP
Adjustment

Non-GAAP

-

(a)

-

(a)

-

(a)

Marketing services gross profit

$

1,068

$

-

$

1,068

$

1,424

$

-

$

1,424

$

1,078

$

-

$

1,078

Marketing services gross margin

6 %

6 %

10 %

10 %

6 %

6 %

-

(a)

-

(a)

-

(a)

Online games gross profit 

$

102,414

$

-

$

102,414

$

140,859

$

-

$

140,859

$

91,726

$

-

$

91,726

Online games gross margin

85 %

85 %

87 %

87 %

83 %

83 %

-

(a)

-

(a)

-

(a)

Others gross profit 

$

3,592

$

-

$

3,592

$

3,012

$

-

$

3,012

$

4,847

$

-

$

4,847

Others gross margin

74 %

74 %

67 %

67 %

81 %

81 %

-

(a)

-

(a)

-

(a)

Gross profit

$

107,074

$

-

$

107,074

$

145,295

$

-

$

145,295

$

97,651

$

-

$

97,651

Gross margin

75 %

75 %

81 %

81 %

73 %

73 %

(324)

(a)

(430)

(a)

(242)

(a)

(36,955)

(d)

-

-

Operating expenses

$

173,116

$

(37,279)

$

135,837

$

131,715

$

(430)

$

131,285

$

122,844

$

(242)

$

122,602

324

(a)

430

(a)

242

(a)

36,955

(d)

-

-

Operating profit/( loss)

$

(66,042)

$

37,279

$

(28,763)

$

13,580

$

430

$

14,010

$

(25,193)

$

242

$

(24,951)

Operating margin

-46 %

-20 %

8 %

8 %

-19 %

-19 %

Income tax expense/(benefit)[10]

$

(279,791)

$

-

$

(279,791)

$

16,636

$

-

$

16,636

$

14,387

$

(3,961)

(c)$

10,426

324

(a)

430

(a)

242

(a)

-

-

2,087

(b)

-

-

3,961

(c)

36,955

(d)

-

-

Net income/(loss) before non-
controlling interest

$

223,285

$

37,279

$

260,564

$

8,666

$

430

$

9,096

$

(21,260)

$

6,290

$

(14,970)

324

(a)

430

(a)

242

(a)

-

-

2,087

(b)

-

-

3,961

(c)

36,955

(d)

-

-

Net income/( loss) attributable to
Sohu.com Limited for diluted net
income/( loss) per share/ADS

$

223,285

$

37,279

$

260,564

$

8,666

$

430

$

9,096

$

(21,291)

6,290

$

(15,001)

Diluted net income/( loss) per
share/ADS attributable to Sohu.com
Limited

$

8.38

$

9.77

$

0.32

$

0.33

$

(0.69)

$

(0.49)

Shares/ADSs used in computing
diluted net income/( loss) per
share/ADS attributable to Sohu.com
Limited

26,658

26,658

27,491

27,491

30,799

30,799

Note:

(a) Share-based compensation expense

(b) Change in the fair value of the Company's investments

(c) Accrued interest expense in connection with the Toll Charge

(d) Impairment of goodwill

[10]  See footnote 6.

SOHU.COM LIMITED

RECONCILIATIONS OF NON-GAAP RESULTS OF OPERATION MEASURES TO THE NEAREST COMPARABLE GAAP MEASURES

(UNAUDITED, IN THOUSANDS EXCEPT PER SHARE AMOUNTS)

Twelve Months Ended Dec. 31, 2025

Twelve Months Ended Dec. 31, 2024

GAAP

Non-GAAP
Adjustments

Non-GAAP

GAAP

Non-GAAP
Adjustments

Non-GAAP

-

(a)

1

(a)

Marketing services gross profit

$

6,521

$

-

$

6,521

$

6,886

$

1

$

6,887

Marketing services gross margin

11 %

11 %

9 %

9 %

-

(a)

-

(a)

Online games gross profit

$

433,934

$

-

$

433,934

$

413,894

$

-

$

413,894

Online games gross margin

86 %

86 %

82 %

82 %

-

(a)

-

(a)

Others gross profit 

$

12,389

$

-

$

12,389

$

11,786

$

-

$

11,786

Others gross margin

67 %

67 %

52 %

52 %

-

(a)

1

(a)

Gross profit

$

452,844

$

-

$

452,844

$

432,566

$

1

$

432,567

Gross margin

77 %

77 %

72 %

72 %

(1,499)

(a)

31

(a)

(36,955)

(d)

-

Operating expenses

$

546,649

$

(38,454)

$

508,195

$

541,967

$

31

$

541,998

1,499

(a)

(30)

(a)

36,955

(d)

-

Operating loss

$

(93,805)

$

38,454

$

(55,351)

$

(109,401)

$

(30)

$

(109,431)

Operating margin

-16 %

-9 %

-18 %

-18 %

Income tax expense/(benefit)

$

(443,609)

$

199,018

(c)$

(244,591)

$

52,070

$

(15,299)

(c)$

36,771

1,499

(a)

(30)

(a)

-

1,820

(b)

(199,018)

(c)

15,299

(c)

36,955

(d)

-

Net income/(loss) before non-
controlling interest

$

394,086

(160,564)

$

233,522

$

(100,238)

17,089

$

(83,149)

1,499

(a)

(30)

(a)

-

1,820

(b)

(199,018)

(c)

15,299

(c)

36,955

(d)

-

Net income/(loss) attributable to
Sohu.com Limited for diluted net
income/( loss) per share/ADS

$

394,095

(160,564)

$

233,531

$

(100,269)

17,089

$

(83,180)

Diluted net income/(loss) per
share/ADS attributable to Sohu.com
Limited. 

$

13.96

$

8.27

$

(3.13)

$

(2.60)

Share/ADS used in computing diluted
net income/(loss) per share/ADS
attributable to Sohu.com Limited 

28,234

28,234

32,009

32,009

Note:

(a) Share-based compensation expense

(b) Change in the fair value of the Company's investments

(c) Reversal of the tax expense in connection with the Toll Charge and related accrued interest expense

(d) Impairment of goodwill

SOURCE Sohu.com Limited

New York, New York--(Newsfile Corp. - February 8, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of CoreWeave, Inc. (NASDAQ: CRWV) between March 28, 2025 and December 15, 2025, both dates inclusive (the "Class Period"), of the important March 13, 2026 lead plaintiff deadline.

SO WHAT: If you purchased CoreWeave securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the CoreWeave class action, go to https://rosenlegal.com/submit-form/?case_id=50571 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 13, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) defendants had overstated CoreWeave's ability to meet customer demand for its service; (2) defendants materially understated the scope and severity of the risk that CoreWeave's reliance on a single third-party data center supplier presented for CoreWeave's ability to meet customer demand for its services; (3) the foregoing was reasonably likely to have a material negative impact on CoreWeave's revenue; (4) as a result, CoreWeave's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the CoreWeave class action, go to https://rosenlegal.com/submit-form/?case_id=50571 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283149

Source: The Rosen Law Firm PA

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

, /PRNewswire/ -- The Cadillac Formula 1® Team today unveiled the livery of its maiden Formula 1® challenger, marking a defining milestone in the team's journey to the world's most elite motorsport championship. The striking white and black scheme will be used by the American squad throughout 2026, when it makes its much-anticipated debut in Formula 1® as the sport's 11th team.

CADILLAC FORMULA 1® TEAM REVEALS HISTORIC FIRST LIVERY

CADILLAC FORMULA 1® TEAM REVEALS HISTORIC FIRST LIVERY

CADILLAC FORMULA 1® TEAM REVEALS HISTORIC FIRST LIVERY

CADILLAC FORMULA 1® TEAM REVEALS HISTORIC FIRST LIVERY

CADILLAC FORMULA 1® TEAM REVEALS HISTORIC FIRST LIVERY The livery was unveiled to a global audience through a national TV advertising spot during Super Bowl LX at Levi's Stadium in Santa Clara, California. With an expected audience of over 130 million viewers, the Super Bowl is one of the most popular events on the planet, driving conversations at the intersection of sport, culture, and entertainment. That makes it a perfect opportunity for the team – which represents a striking new chapter in American participation in Formula 1® – to launch onto the world stage ahead of its Grand Prix debut in Melbourne, Australia (March 6-8).

Shortly after the ad appeared on TV, a replica of the first Cadillac Formula 1® Team car was unveiled in dynamic fashion in Times Square, the busiest destination in the United States, giving fans a front-row view of the color scheme.

The Cadillac Formula 1® Team car is dual color, with one black side and one white side. The design gradient, which evokes speed when the car is stationary, is actually a Cadillac chevron repeating: a subtle nod to the co-ownership of General Motors and the iconic Cadillac symbol. Drawing on cinematic craft and musical restraint, the livery reveal film is directed by Sam Piling, whose work is known for turning simple ideas into visceral, high-impact visual statements, and scored by Max Richter, one of the world's most influential contemporary composers. The livery uses asymmetry as a deliberate design philosophy: a yin-and-yang balance expressed through stark black and white, where grit, determination, and performance meet aspiration, optimism and ambition.

"This livery represents far more than a paint scheme; it represents who we are and what we bring to Formula 1,'' said Dan Towriss, CEO of Cadillac Formula 1 Team Holdings. "Every detail is intentional: bold, modern, and unmistakably American, while respecting the heritage and precision that define this sport. Choosing to reveal our first race livery during the Super Bowl and in the heart of Times Square is a way to introduce our identity to the world at the intersection of performance, culture, and entertainment, and to connect with fans in places far beyond the paddock.''

"Unveiling our official race livery is a huge milestone in a journey that started years ago — earning our place on the grid, assembling a world‑class team, and developing a race car worthy of Formula 1," said GM President Mark Reuss. "The momentum is building toward Melbourne and our Grand Prix debut. For GM, this race car showcases the American innovation, spirit, and pride we want to bring to the global stage of F1."

The team will compete at the pinnacle of motorsport over 24 races in 2026, visiting the world's most iconic and historic racetracks, including three venues on American soil: the Miami International Autodrome (May 1-3), the Circuit of The Americas in Austin (Oct. 23-25) and the Las Vegas Strip Circuit (November 20-22).

Graeme Lowdon, Team Principal of the Cadillac Formula 1® Team, added: "I'm incredibly proud to reveal the colors of our 2026 Formula 1 challenger. We are a team built on bold ambition and leadership in innovation, values which we exhibited today by tapping into one of the most culturally significant sporting events in the world in a manner that has never been done by a Formula 1 team before."

The team, which has bases in Indianapolis, Indiana (USA), Charlotte, North Carolina (USA), and Silverstone, Northamptonshire (UK), has been built from the ground up. Established in partnership between TWG Motorsports, the motorsport arm of TWG Global, and General Motors (GM), it aims to bring together a legacy of engineering excellence and a shared commitment to innovation and performance. Both TWG and GM provide valuable technical, operational, and commercial support, know-how, and infrastructure to the Cadillac Formula 1® Team.

On track, Checo Pérez and Valtteri Bottas will lead the team as its first Grand Prix drivers. The pair, who hail from Guadalajara, Mexico, and Nastola, Finland, respectively, boast 526 starts, 106 podium finishes, and 16 victories, making them one of the most experienced and successful driver pairing on the grid. The 2026 driver lineup also includes former Ferrari and Sauber driver, Zhou Guanyu, who will serve as Reserve Driver, and nine-time NNT INDYCAR SERIES race winner Colton Herta, who will be the team's Test Driver – duties for which he will balance with a seat in Formula 2, the final step on the FIA's single-seater ladder before Formula 1®, with Hitech TGR.

About Cadillac Formula 1® Team
The Cadillac Formula 1® Team is a specialist motor racing team competing in the FIA Formula 1 World Championship. Backed by TWG Motorsports and General Motors, the team has operations in Indianapolis, Indiana (USA); Charlotte, North Carolina (USA); and Silverstone, Northamptonshire (UK). With the confidence to dream big and the passion to deliver, the Cadillac Formula 1® Team is building everything from the ground up – from high-performance race cars to an inclusive, values-driven culture. The team will make its Formula 1® debut in 2026.

About TWG Motorsports
TWG Motorsports is the motorsports entity of TWG Global, unifying a robust racing portfolio across the world's biggest stages in Formula 1®, INDYCAR, Formula E, IMSA, and NASCAR. With strategic partnerships that include General Motors on the Cadillac Formula 1® Team and ownership of Andretti Global, Wayne Taylor Racing and Spire Motorsports, TWG Motorsports combines deep technical expertise, proven competitive excellence and industry-leading business acumen. TWG Motorsports is committed to innovating, growing and winning at the highest levels of the sport.

Learn more at TWGMotorsports.com.

About GM
General Motors (NYSE: GM) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM's Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs, as we move to an all-electric future. GM Motorsports, including the Cadillac Formula 1® Team develops and proves advanced technologies in the most demanding environments, accelerating innovation in performance, safety, efficiency, and electrification for its production vehicles. Cadillac Racing is one of the leading manufacturers in the IMSA and FIA World Endurance Championships (WEC). Chevrolet competes in single seaters in the US IndyCar series, and in NASCAR with multiple team partners and drivers. Corvette customer teams compete in GT series across the globe including IMSA and WEC.

Learn more at GM.com.

SOURCE Cadillac Formula 1 Team

Solana and Chainlink could both soar this year.

When cryptocurrency prices are falling, it can be hard to imagine what a rebound might look like. But markets are cyclical and -- prices aside -- the crypto industry is in a better position now than it's been in for years.

Traditional financial institutions are starting to integrate blockchain solutions, which could not only drive a rebound but also push prices to new highs. Here are two cryptos that could benefit this year.

Image source: Getty Images.

1. Solana Solana (SOL +0.00%) fell by 35.7% in 2025, finishing the year at $124.52. However, while it got pulled down by the broader decline in prices, it also set a new all-time high of $293.31 last January. It could get back there in 2026. Solana could rebound if it sees success in multiple potential applications, such as use in the stablecoin and real-world asset tokenization industry.

Today's Change

(

0.00

%) $

0.00

Current Price

$

87.20

Stablecoins are blockchain tokens that represent traditional currencies, such as the U.S. dollar. They look set to surge. Analysts at Citi see a best-case scenario as the stablecoin market grows to $4 trillion by 2030. Given that sources put current stablecoin issuance at just over $300 billion, that could mean an increase of over 1,000%.

Solana's speed, combined with low costs, could make it an attractive choice if a significant number of transactions move on-chain. Solana is second only to Ethereum (ETH 0.03%) in terms of the number of developers and total value locked. Both metrics bode well for future growth.

2. Chainlink Chainlink (LINK 0.64%) is another project that could benefit as traditional finance dips its toe into the crypto waters. It finished 2025 having lost almost 40% across the year, taking it to $12.19. It closed on Feb. 2 at $9.81, which may well be a buying opportunity.

Today's Change

(

-0.64

%) $

-0.06

Current Price

$

8.82

Over the past five years, its lowest price was around $5.30, and its highest was $52.70. Currently close to the bottom end of that, it has strong potential for a rebound.

Chainlink is an oracle coin, which means it feeds smart contracts with data. To unpack that a bit more, smart contracts are pieces of self-executing blockchain code. They need accurate information to trigger at the right moments. Oracle coins provide data from other blockchains and the real world and are crucial components of crypto infrastructure.

For example, if stablecoins grow, that might mean more demand for trustable proof-of-reserve information or price data.

A wider crypto rebound is not guaranteed The crypto market suffered a significant shock on Oct. 10, 2025, when over $19 billion in leveraged positions got liquidated. At the time, it seemed like a flash crash, but we're still feeling the impact today. Cryptocurrencies have struggled to regain momentum in spite of rallies in other asset classes.

While nothing is certain, that may well change this year as 2025 legislation removed some of the roadblocks to adoption. As traditional finance starts to embrace the blockchain, Solana and Chainlink will be ones to watch.

Citigroup is an advertising partner of Motley Fool Money. Emma Newbery has positions in Ethereum and Solana. The Motley Fool has positions in and recommends Chainlink, Ethereum, and Solana. The Motley Fool has a disclosure policy.

SAN FRANCISCO--(BUSINESS WIRE)--The Levi's® brand today launched “Behind Every Original,” a bold new global campaign that celebrates the people who push culture forward — with one cheeky twist. Debuting during the Super Bowl with the anthem film “Backstory,” directed by Kim Gehrig, the Levi's® brand flips expectations by showcasing both celebrity icons and everyday Originals exclusively from the backside, letting them share their game-changing Levi's® backstory. Why the backside? Because it's t.

Shares have retreated from all-time highs as investors become concerned about the company's valuation.

Palantir Technologies (PLTR +4.53%) was one of the technology industry's best performers in 2024 and 2025 as investors became optimistic about its decision to incorporate generative artificial intelligence (AI) into its existing data analytics platform. Shares have risen 1,666% over the last three years, likely minting plenty of millionaires and billionaires among the company's early backers.

But this year, Palantir's rally has stalled. Shares have already shed a tenth of their value year to date despite the company's improving operational results. Let's dig deeper to decide if the stock still has millionaire-maker potential or if it's time for investors to jump ship.

What is behind Palantir's rally?

Today's Change

(

4.53

%) $

5.89

Current Price

$

135.90

Since its founding in 2003, Palantir has made a name for itself in data analytics. The company's software helps corporate clients sift through vast amounts of unstructured data to identify actionable insights. This can include detecting fraud or unlocking efficiency gains in the private sector.

And in the public sector, Palantir's software quickly found often-controversial uses in law enforcement, military targeting, and immigration enforcement, especially during the first Trump administration.

The arrival of generative AI in 2022 took things to the next level. The company quickly realized the synergy between large language models (LLMs) such as Claude or ChatGPT and its existing data analytics software. It created a proprietary Artificial Intelligence Platform (AIP) designed to allow clients to securely integrate LLMs with their internal data, making the data dramatically easier to query and analyze.

AIP helps private businesses quickly detect threats or opportunities. Public sector clients can also benefit from its ability to give real-time insights during fast-paced law enforcement or military operations.

Palantir is already helping the armed forces of Ukraine and Israel with targeting. And it has recently signed deals with the U.S. Army and the North Atlantic Treaty Organization (NATO) to provide a platform for battlefield decision-making and awareness called the Maven Smart System.

Image source: Getty Images.

Business is booming Palantir's recent hype goes far beyond a few favorable headlines. In fact, the launch of AIP seems to have supercharged its operational momentum. Fourth-quarter earnings were a slam-dunk success, with revenue soaring 93% year over year to $1.1 billion, driven by surging sales from U.S. commercial clients (up 137% to $507 million).

The company's brand was built around government contracting, but its work with businesses has become arguably more important. This trend is beneficial because it provides a much larger total addressable market, in the U.S. and internationally. However, it remains to be seen whether Palantir will be able to maintain its economic moat.

In the past, its ability to withstand bad press and political pressure has given it an edge over contractors like Alphabet's Google, which stepped away from certain military contracts over internal employee pushback. But this advantage will be less important in the private sector and could even be to the company's disadvantage if its work becomes too politically polarizing.

Palantir also has a questionable moat against competition from other data analytics companies like Microsoft and Snowflake that are also incorporating generative AI LLMs into their services.

On the surface, the company offers almost everything a growth investor could want. It provides cutting-edge technology to a vast addressable market, and sales are growing in the high double digits.

That said, an excellent company isn't always an excellent stock. With a forward price-to-earnings (P/E) multiple of 158, shares trade at a substantial premium over the S&P 500 average of just 22. And this leaves very little room for growth.

Palantir stock probably isn't a millionaire maker at current prices. And investors who still want to bet on the company should probably wait for a better entry point before considering a long-term position.

New York, New York--(Newsfile Corp. - February 8, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Beyond Meat, Inc. (NASDAQ: BYND) between February 27, 2025 and November 11, 2025, both dates inclusive (the "Class Period"), of the important March 24, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Beyond Meat securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Beyond Meat class action, go to https://rosenlegal.com/submit-form/?case_id=16090 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 24, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the book value of certain of Beyond Meat's long-lived assets exceeded their fair value, making it highly likely that Beyond Meat would be required to record a material, non-cash impairment charge; (2) the foregoing was likely to impair Beyond Meat's ability to timely file its periodic filings with the Securities and Exchange Commission; and (3) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Beyond Meat class action, go to https://rosenlegal.com/submit-form/?case_id=16090 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283148

Source: The Rosen Law Firm PA

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Live Nation executives and lobbyists are in talks with senior officials at the U.S. Department of Justice in a bid to avoid a trial over allegations that the company operates an illegal monopoly, news outlet Semafor reported on Sunday.

A logo of Blackstone is pictured in Manhattan, New York City, U.S. July 29, 2025. REUTERS/Mike Segar/File Photo Purchase Licensing Rights, opens new tab

SYDNEY, Feb 9 (Reuters) - Australian artificial intelligence company Firmus said on Monday it had finalised a $10 billion debt funding package led by global private equity firm Blackstone (BX.N), opens new tab and Coatue Management, a New York-based technology investor.

Firmus said the funding would be used to build the next phase of its Project Southgate, the company's initiative to develop AI training and inference infrastructure, which includes data centres, across Australia.

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The initiative, done in collaboration with CDC Data Centres and U.S. chip giant Nvidia (NVDA.O), opens new tab is expected to reach a capacity of up to 1.6 gigawatts over the next three years.

"The picks and shovels powering the AI revolution are one of our highest conviction investment themes, and we are excited to finance Firmus' continued growth," said John Watson, a senior managing director in Blackstone's Tactical Opportunities Group.

"AI is driving one of the most significant infrastructure build-outs in decades, and we believe Australia can play a central role in that transformation."

Firmus raised A$830 million ($582.41 million) in two separate equity placements last year that were backed by Nvidia and Australian investor Ellerston Capital, Reuters reported.

($1 = 1.4251 Australian dollars)

Reporting by Scott Murdoch; Editing by Sonali Paul

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Scott Murdoch has been a journalist for more than two decades working for Thomson Reuters and News Corp in Australia. He has specialised in financial journalism for most of his career and covers the Australian financial services sector and superannuation. He is based in Sydney.

, /PRNewswire/ -- WuXi Biologics (2269.HK), announced it has been awarded a Platinum Medal by the EcoVadis Sustainability Rating, marking the third year the company has received the rating's highest level of recognition.

EcoVadis is among the world's most trusted and comprehensive sustainability assessment platforms, evaluating companies' ESG performance through 21 criteria across four key areas — Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.

WuXi Biologics was ranked in the top 1% of more than 150,000 companies evaluated worldwide. Being awarded the Platinum Medal reflects company's robust policies, rigorous implementation mechanisms, and proven performance outcomes across all ESG dimensions, validated by external stakeholders and third-party professionals.

How WuXi Biologics Earns the Highest EcoVadis Rating?

WuXi Biologics continues to strengthen its sustainability performance across the EcoVadis assessment areas. Examples of recent initiatives include:

SBTi-Approved Targets: The company's near-term and net-zero GHG emissions reduction targets have been approved by the Science Based Targets initiative (SBTi), making WuXi Biologics one of the first in the industry to receive approval for both near-term and net-zero targets.

Green CRDMO White Paper: The White Paper — launched to accelerate sustainability in the biologics industry — details WuXi Biologics' green innovation technologies across research, development and manufacturing, and showcases the significant carbon reduction achieved through green operations. It also compiles 242 energy-saving cases across five key energy-saving scenarios, 12 typical energy systems, and 25 technology categories.

ISO 20400 Certification: The company has achieved ISO 20400 Sustainable Procurement certification, an internationally recognized standard that integrates sustainability principles and procurement practices, while promoting transparency and responsibility across the supply chain.

Dr. Chris Chen, WuXi Biologics CEO and Chairman of the ESG Committee, commented, "We are very pleased to be recognized once again by EcoVadis with the Platinum Medal, which highlights our success in advancing our sustainability capabilities. As a global leader in Green CRDMO, we are committed to continuously delivering ESG excellence, enabling partners worldwide to fulfill ESG goals, and jointly working with all stakeholders to promote responsible practices throughout the entire value chain."

A Long-Term Commitment to Sustainable Value Creation

Achieving the EcoVadis Platinum Medal for the third consecutive year, WuXi Biologics further reinforces global clients' confidence in its reliability, responsibility, and forward-thinking vision, with unwavering adherence to rigorous sustainability, quality, and compliance standards for long-term collaborations in the evolving global ESG landscape.

As a participant of the United Nations Global Compact (UNGC) and Pharmaceutical Supply Chain Initiative (PSCI), WuXi Biologics proactively advocates sustainability and has earned widespread recognitions for its efforts. The company was granted an MSCI AAA Rating; listed in the Dow Jones Sustainability Indices (DJSI); named to the CDP "A List" for both Climate Change and Water Security, and rated "A" in the CDP Supplier Engagement Assessment; given the highest negligible-risk rating by Sustainalytics, and recognized as a Sustainalytics industry and regional ESG top-rated company for five consecutive years; selected as a Constituent of the FTSE4Good Index Series; listed in the Hang Seng ESG 50 Index; and rated as Prime by ISS ESG Corporate Rating.

About WuXi Biologics

WuXi Biologics (stock code: 2269.HK) is a leading global Contract Research, Development and Manufacturing Organization (CRDMO) offering end-to-end solutions that enable partners to discover, develop and manufacture biologics – from concept to commercialization – for the benefit of patients worldwide.

With over 12,000 skilled employees in China, the United States, Ireland, Germany, Singapore and Qatar, WuXi Biologics leverages its technologies and expertise to provide customers with efficient and cost-effective biologics discovery, development and manufacturing solutions. As of December 31, 2025, WuXi Biologics is supporting 945 integrated client projects, including 74 in Phase III and 25 in commercial manufacturing.

WuXi Biologics views Environmental, Social, and Governance (ESG) responsibilities as an integral component of our ethos and business strategy, and we aim to become an ESG leader in the biologics CRDMO sector. Our facilities use next-generation biomanufacturing technologies and clean-energy sources. We have also established an ESG committee led by our CEO to steer the comprehensive ESG strategy and its implementation, enhancing our commitment to sustainability.

For more information about WuXi Biologics, please visit: www.wuxibiologics.com 

SOURCE WuXi Biologics

A sign stands outside Chinese drugmaker Innovent Biologics' office in Shanghai, China July 11, 2025. REUTERS/Andrew Silver Purchase Licensing Rights, opens new tab

CompaniesSHANGHAI, Feb 9 (Reuters) - China's Innovent Biologics (1801.HK), opens new tab has struck a new deal with Eli Lilly (LLY.N), opens new tab to develop immunology and oncology drugs, under which the U.S. drugmaker will pay $350 million upfront and as much as $8.5 billion more if milestones are met.

Shares in Innovent surged 5% in early Monday trade.

Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up here.

Under the agreement, which marks the seventh collaboration between the two firms, Innovent will lead the development of programs from concept through the completion of phase II clinical trials in China. Lilly will have an exclusive license to develop and commercialize the products outside of Greater China.

"This alliance moves beyond traditional licensing to create a seamless, end-to-end innovation ecosystem," Innovent CEO Michael Yu said in a statement on Sunday, adding that it also validates Innovent's research and development capabilities.

Innovent has also partnered with Lilly on projects such as the weight loss drug mazdutide.

In addition to the $8.5 billion in payments tied to developmental, regulatory and commercial milestones, Innovent will also be eligible for royalties on net sales of products outside of Greater China.

Reporting by Andrew Silver in Shanghai; Editing by Edwina Gibbs

Our Standards: The Thomson Reuters Trust Principles., opens new tab

New York, New York--(Newsfile Corp. - February 8, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of Plug Power Inc. (NASDAQ: PLUG) between January 17, 2025 and November 13, 2025, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 3, 2026.

SO WHAT: If you purchased Plug Power securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Plug Power class action, go to https://rosenlegal.com/submit-form/?case_id=1011 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 3, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) defendants had materially overstated the likelihood that funds attributed to the U.S. Department of Energy's Loan would ultimately become available to Plug Power, and/or that Plug Power would ultimately construct the hydrogen production facilities necessary to receive those funds; (2) as such, Plug Power was likely to pivot toward more modest projects with less commercial upside; and (3) as a result, Plug Power's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Plug Power class action, go to https://rosenlegal.com/submit-form/?case_id=1011 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283129

Source: The Rosen Law Firm PA

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New York, New York--(Newsfile Corp. - February 8, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of Richtech Robotics Inc. (NASDAQ: RR) between January 27, 2026 and 12:00 PM ET on January 29, 2026, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 3, 2026 in the securities class action first filed by the Firm.

SO WHAT: If you purchased Richtech Robotics securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Richtech Robotics class action, go to https://rosenlegal.com/submit-form/?case_id=51742 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 3, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Richtech claimed that it had a collaborative and commercial relationship with Microsoft when it did not; and (2) as a result, defendants' statements about Richtech's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Richtech Robotics class action, go to https://rosenlegal.com/submit-form/?case_id=51742 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283130

Source: The Rosen Law Firm PA

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

New York, New York--(Newsfile Corp. - February 8, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Vistagen Therapeutics, Inc. (NASDAQ: VTGN) between April 1, 2024 and December 16, 2025, both dates inclusive (the "Class Period"), of the important March 16, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Vistagen common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Vistagen class action, go to https://rosenlegal.com/submit-form/?case_id=50827 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 16, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants provided investors with material information concerning Vistagen's plan to develop and commercialize its drug fasedienol, an investigational pherine candidate in development for the acute treatment of social anxiety disorder (SAD). Defendants' statements included, among other things, Vistagen's positive assertions of fasedienol's future trial success based on the prior positive results associated with the PALISADE-2 clinical trial, in addition to notable enhancements and operational changes made to the execution of the PALISADE-3 clinical trial supported a strong likelihood of Phase 3 success and positioned it as a confirmatory study.

According to the lawsuit, defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating false and misleading statements and/or concealing material adverse facts concerning its Phase 3 PALISADE-3 trial study of fasedienol. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Vistagen class action, go to https://rosenlegal.com/submit-form/?case_id=50827 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283162

Source: The Rosen Law Firm PA

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In brief CoinShares said quantum computing poses a theoretical risk to Bitcoin, but not an imminent one. Researchers estimate millions of qubits would be needed, far beyond today’s quantum machines. The firm also said any future response should favor gradual upgrades over aggressive protocol changes. Quantum computing may not be as much of an immediate threat to Bitcoin as some have warned, and any real risk might still be years away.

That’s according to a new research note from digital asset investment firm CoinShares, which argues that while Bitcoin’s cryptography is theoretically vulnerable to future quantum advances, current technology falls far short of posing a practical danger.

“Bitcoin’s quantum vulnerability is not an immediate crisis but a foreseeable engineering consideration, with ample time for adaptation,​“ researchers at the firm wrote.

Quantum attacks involve powerful quantum computers breaking cryptographic keys that secure Bitcoin or other blockchains, enabling attackers to derive private keys from public information.

Such attacks that are aimed at Bitcoin are not imminent because breaking its core cryptography would require quantum machines far beyond anything that exists today, the researchers argue.

Estimates cited by CoinShares suggest an attacker would need millions of qubits, which are orders of magnitude more than current systems, to crack a key within hours or days.

Researchers estimate that even the most advanced quantum computers are 10 to 100,000 times too weak to pose a real-world threat, pushing meaningful risk into the 2030s or later.

Still, legacy addresses could be vulnerable over long timeframes, while attacking active transactions would require near-instant computations that remain far out of reach.

CoinShares said the theoretical quantum risk to Bitcoin stems from algorithms that could eventually expose cryptographic keys or weaken hashing, but stressed that these threats are distant and narrowly scoped.

The firm estimates that about 1.7 million BTC, or roughly 8% of supply, sit in legacy P2PK addresses with exposed public keys, while modern address types hide keys until coins are spent and cannot affect Bitcoin’s supply cap or proof-of-work.

Even in an extreme scenario, CoinShares argued the market impact would be limited, with at most around 10,000 BTC realistically able to be compromised and sold suddenly.

More aggressive fixes could secure the network earlier, but the firm warns they also carry risks, including software bugs, forced assumptions about dormant coins, and erosion of Bitcoin’s neutrality and trust, making gradual, voluntary migration the preferred path.

The takeaway appears to be all about process. CoinShares said in its note that Bitcoin has clear upgrade paths if quantum threats materialize, allowing the network to adapt without disruption, and that the risk should be weighed against fundamentals rather than speculative worst-case scenarios.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Japanese mandate sparks surge in equities and safe havens. Feb 9, 2026, 1:18 a.m.

Japan’s Nikkei 225 surged to a record on Monday, breaching the 57,000 level with a 3.4% gain following Prime Minister Sanae Takaichi’s decisive "supermajority" victory in the Sunday general election, according to Nikkei Asia.

This political mandate signaled a green light for Takaichi’s aggressive expansionary fiscal agenda, which includes a massive $135 billion stimulus package aimed at revitalizing the economy through infrastructure spending and tax cuts.

STORY CONTINUES BELOW

The "Takaichi Trade" sparked a global ripple effect, driving gold prices past the $5,000 per ounce milestone and pushing bitcoin to a brief peak of $72,000, before settling back above $70,000 during Asia morning trading hours. U.S. stock market futures opened higher.

The market euphoria was further bolstered by international support, with both President Donald Trump and U.S. Treasury Secretary Scott Bessent congratulating the Prime Minister.

Trump is eyeing 100,000 on the Dow Jones (DJI) by the end of his term, a 100% increase from current levels. The DJI on Friday breached 50,000 for the first time.

Institutional demand for onchain yield is accelerating as Evernorth moves to tap native XRP credit markets, signaling a potential evolution in how large holders deploy liquidity, earn yield, and reshape XRP Ledger finance.

By PYMNTS  |  February 8, 2026

 | 

A South Korean cryptocurrency exchange is facing regulatory investigation following a $40 billion bitcoin-related mistake.

That exchange, Bithumb, announced this weekend it had accidentally given out $40 billion in the world’s most popular crypto to customers as part of a promotional rewards program. The company said it has since recovered nearly all the coins in question. 

A report on the incident by Reuters said the company had planned to distribute small cash rewards of 2,000 Korean won ($1.40) or more to each user as part of the promotion, but winners received at least 2,000 bitcoins each instead.

“We would like to make it clear that this incident is unrelated to external hacking or security breaches, and there are no problems with system security or customer asset management,” Bithumb said in a statement.

However, financial regulators in South Korea said the incident has exposed the vulnerabilities and risks of virtual assets, the Reuters report added.

Regulators say they will conduct an on-site inspection of Bithumb and other crypto exchanges if irregularities are discovered in reviews of their internal control systems, along with their holdings and operations of virtual assets, the report said.

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In other crypto news, PYMNTS looked at the state of the market amid the massive drop in the price of bitcoin, which fell to $70,000 in recent days after hitting a record high of more than $126,000 in October of 2025. The coin is now at its lowest point since November 2024. 

And what is important here isn’t just bitcoin’s decline, but “how balance sheets, equity markets and forced behavior” interact when that happens, PYMNTS wrote.

“Companies whose valuation narratives are explicitly tied to bitcoin, most famously Michael Saylor’s Strategy and its cadre of copycat crypto treasury businesses, all function like leveraged bitcoin ETFs, even if they’re not structured that way,” that report added. “When bitcoin drops 10%, the stock might drop 25% or 40%. That volatility doesn’t stay isolated; it can spill into broader risk sentiment, especially for tech and speculative growth names.”

The report also cited a note from investor Michael Burry which points out that close to 200 publicly traded companies now hold significant amounts of bitcoin. 

“If prices fall further, risk managers and boards will begin recommending sales not for strategic reasons, but to protect capital and satisfy risk policies,” PYMNTS wrote. “Those sales, broadcast through financial reporting, can create downward pressure on price.”

Active Currencies 18945

Market Cap $2,460,600,094,961.40

Bitcoin Share 57.14%

24h Market Cap Change $0.47

AMBCrypto

Ethereum hits 15.19M users, but where does leverage stand now?

Journalist

Posted: February 9, 2026

Ethereum [ETH] network activity is picking up pace. At the same time, market positioning feels far less settled. Especially since sentiment is swinging so quickly right now!

This split between what’s happening on-chain and how traders are behaving makes things interesting for ETH.

Activity at a record high

Samyukhtha L KM is a Financial Journalist and Market Analyst at AMBCrypto whose work is defined by one central question: Is the latest trend in blockchain hype, or history in the making? Her expertise is built on a strong academic foundation, with a Master’s in Journalism and Mass Communication from Amity University and a Bachelor’s in Commerce from the University of Madras. This dual qualification equips her with a unique skill set: the financial acumen to dissect market mechanics and the journalistic rigor to investigate and communicate complex subjects with clarity. Samyukhtha specializes in analyzing the socio-economic impact of blockchain adoption and assessing the viability of new market narratives. This includes a focus on high-velocity, community-driven assets such as memecoins, where she evaluates sentiment and fundamentals. She is dedicated to providing readers with insightful, well-researched commentary that looks beyond immediate market moves to understand the long-term implications of decentralized technology.

TLDR: MegaETH launched with Chainlink integration, enabling immediate access to $14B in DeFi assets and protocols.  Chainlink’s oracle infrastructure powers 70% of DeFi markets with over $27 trillion in transaction value.  CCIP enables cross-chain liquidity for Lombard and Lido assets across MegaETH and other blockchain networks.  Aave and GMX protocols are now available on MegaETH through Chainlink’s data and interoperability standards.
MegaETH has joined the Chainlink Scale program and integrated Chainlink’s data and interoperability infrastructure at launch.

The collaboration provides immediate access to leading DeFi protocols, including Aave and GMX. Users can now interact with nearly $14 billion in flagship assets such as Lido’s wstETH and Lombard’s BTC.b and LBTC.

The integration went live on Monday, marking a strategic partnership between the real-time blockchain platform and the oracle network.

Chainlink Infrastructure Powers MegaETH’s DeFi Ecosystem The integration brings Chainlink Data Feeds, Data Streams, and Cross-Chain Interoperability Protocol (CCIP) to MegaETH. These services enable developers to build high-performance decentralized applications on the platform.

The oracle infrastructure has facilitated over $27 trillion in onchain transaction value across the industry. Currently, Chainlink powers approximately 70% of existing DeFi markets globally.

MegaETH users gain access to multiple DeFi protocols through this partnership. Aave and GMX are among the prominent platforms now available on the network.

Additionally, HelloTrade and Avon have joined the ecosystem at launch. The integration creates opportunities for lending protocols, derivatives markets, and decentralized exchanges to operate efficiently.

The platform features a custom integration designed to deliver fast market data. This setup supports MegaETH’s objective of becoming the first real-time blockchain.

Developers can now build applications requiring accurate price feeds and reliable data sources. The infrastructure ensures consistency across various financial products and services.

CCIP enables secure cross-chain asset transfers for MegaETH users. Asset issuers like Lombard and Lido can provide liquidity across multiple blockchain networks.

The protocol offers compliance-enabled interoperability for developers building composable applications. This functionality extends MegaETH’s reach beyond its native ecosystem into broader multi-chain environments.

Scale Program Benefits and Industry Adoption The Chainlink Scale program provides MegaETH developers with low-cost oracle services. Institutions building on the platform receive access to secure data infrastructure from day one.

Oracle nodes supply trusted information to support both traditional and decentralized finance applications. The program reduces barriers for teams developing on MegaETH.

Johann Eid, Chief Business Officer at Chainlink Labs, commented on the partnership’s scope. “MegaETH joining Chainlink Scale and adopting the Chainlink data and interoperability standards is a major moment for our ecosystem,” Eid stated.

He added that the infrastructure has enabled tens of trillions in onchain transaction value. The integration brings users access to protocols like Aave and GMX alongside key DeFi assets.

Stani Kulechov, Founder of Aave Labs, addressed the upcoming Aave launch on MegaETH. “The upcoming Aave launch on MegaETH with Chainlink live from day one will give users access to the high-quality data,” Kulechov explained.

He noted that Chainlink’s standards have been foundational to Aave’s multi-ecosystem growth. The integration enables seamless extension onto MegaETH’s next-generation blockchain platform.

Lei Yang, Co-Founder and CTO of MegaETH, outlined the strategic rationale behind joining Chainlink Scale. “Joining Chainlink Scale ensures that our developers have access to high-quality data and secure interoperability,” Yang said.

He emphasized the importance of providing developers with necessary tools from day one. The partnership supports MegaETH’s goal of becoming the leading blockchain platform in the industry.

Kyle Samani, co-founder of Multicoin Capital and one of the crypto industry’s most influential Solana advocates, officially stepped down from the firm on February 5, 2026, after nearly a decade at the helm. Just days later, his public criticism of Hyperliquid (HYPE) has ignited speculation, especially as on-chain data indicates wallets linked to Multicoin accumulated more than $40 million worth of HYPE tokens in late January.

The timing has drawn intense scrutiny across crypto markets. While Samani stated upon departure that he would remain active in the crypto space, particularly within the Solana ecosystem, his sharp comments about Hyperliquid marked a clear ideological stance. In a widely shared social media post, Samani described Hyperliquid as “everything wrong with crypto,” criticizing its closed-source design, permissioned structure, and alleged regulatory and ethical concerns. These remarks stand in stark contrast to Multicoin’s apparent exposure to the HYPE token.

Blockchain analysts previously flagged significant ETH flows moving through intermediary wallets and ultimately rotating into HYPE over several days. Although no official confirmation has tied these purchases directly to Multicoin’s internal strategy, market observers quickly connected the dots, questioning whether internal disagreements over investment direction contributed to Samani’s exit.

Multicoin Capital has long been associated with a strong Solana-focused thesis. The firm championed transparent, yield-driven models through staking, DeFi, and capital-efficient infrastructure. Its major investments, including a $1.65 billion Solana treasury initiative with Forward Industries, reinforced this philosophy, emphasizing decentralization, open systems, and native blockchain yields.

Hyperliquid, by contrast, operates a high-performance decentralized perpetual futures exchange with its own blockchain, prioritizing speed, liquidity, and leverage. Critics point to its centralized validator model and closed-source code as fundamental trade-offs, while supporters argue that its revenue-sharing and token buyback mechanisms better align users with the platform.

Neither Multicoin nor Samani has publicly linked his departure to Hyperliquid or any specific portfolio decision. Still, the convergence of on-chain transparency, leadership change, and outspoken criticism has fueled an ongoing ideological debate within crypto. As HYPE’s price action shows signs of recovery, the episode highlights the broader tension between decentralization ideals and performance-driven infrastructure that continues to shape the digital asset industry.

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