Sogou Announces First Quarter 2021 Results
b'BEIJING, May 14, 2021 /PRNewswire/ -- Sogou Inc. (NYSE: SOGO) ("Sogou" or the "Company"), an innovator in search and a leader in China\'s internet industry, today announced its unaudited financial results for the first quarter, ended March 31, 2021.\nTotal revenues[1]were $137.2 million, a 47% decrease year-over-year.
- b'BEIJING, May 14, 2021 /PRNewswire/ -- Sogou Inc. (NYSE: SOGO) ("Sogou" or the "Company"), an innovator in search and a leader in China\'s internet industry, today announced its unaudited financial results for the first quarter, ended March 31, 2021.\nTotal revenues[1]were $137.2 million, a 47% decrease year-over-year.
- Capital expenditures for the first quarter of 2021 were $4.9million.\n[1] On a constant currency (non-GAAP) basis, if the exchange rate in the firstquarter of 2021 had been the same as it was in the firstquarter of 2020, or RMB 6.98=$1.00, total revenues in the first quarter of 2021 would have been $127.5 million, or $9.7 million less than GAAP total revenues, and down 50% year-over-year.\n[2] Non-GAAP results exclude share-based compensation expense.
- We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement.
- Sogou has a wide range of innovative products and services, including the Sogou Input Method, which is the largest Chinese language input software for both mobile and PC.