Things are going so well in China that even a once-moribund media company like Sohu.com (NASDAQ:SOHU) is roaring back into growth. The company posted blowout third-quarter results last night. Revenue soared 46% higher to $51.5 million. Earnings before stock-based compensation climbed 37% higher to $0.30 a share.

Wall Street was looking for a profit of just $0.21 a share with $46.5 million on the top line. Brand advertising and online games posted healthy year-over-year gains, more than offsetting weakness in wireless and sponsored search.

The uptick in online games is noteworthy. That segment soared 473% higher to $12.7 million. That is still a small slice of the revenue mix pie at Sohu. This isn't the second coming of stronger online gaming players like NetEase.com (NASDAQ:NTES), Shanda (NASDAQ:SNDA), and The9 (NASDAQ:NCTY). However, online gaming revenue is now nearly double that of the wireless segment that once defined the company.

It was just a few years ago when Sohu, SINA (NASDAQ:SINA), and NetEase became market darlings on the strength of wireless entertainment services. That was before the government and cell phone carriers began to regulate and eat into the once-lucrative niche.

There are still players like Tom Online and KongZhong (NASDAQ:KONG) specializing in wireless leisure services, but the original players have diversified into faster-growing areas like Web portals and online multiplayer fantasy games.

The strong quarter isn't a blip at Sohu. The party will continue, going by the company's refreshing guidance. Sohu is looking to earn between $0.33 a share and $0.35 a share on $53.5 million to $55.5 million in revenue next quarter.

Too slow, Wall Street. The market was only expecting the company to earn $0.24 a share on $49.1 million in revenue during the quarter. Look higher, analysts. A lot higher.

Well done, Sohu. Now just make sure you don't get tripped by the pros down below.

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NetEase and Shanda have been recommended to Motley Fool Rule Breakers newsletter service subscribers. SINA has been singled out to Motley Fool Stock Advisor readers.

Longtime Fool contributor Rick Munarriz has been a fan of China's high-margin online stocks for a long time. He does not own shares in any of the companies in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.