Chinese search engine Sogou has announced its unaudited financial results for the fourth quarter and full year 2017, the first time since its US IPO last November, reporting strong end-of-year results.
For the full year of 2017, total revenues were $908.4 million, a 38% increase from 2016. Revenues for the fourth quarter of 2017 totaled $277.8 million, a 62% increase year-over-year.
The biggest chunk of the full year revenues still comes from search and search-related services, which totaled $801.6 million, a 34% increase from the previous year. The increase was primarily due to growth from Sogou’s auction-based pay-for-click services, which accounted for 83% of search revenues, the company said in the press release.
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.
Monthly Membership
Yearly Membership
What you get
Full access to all premium content and our full archives
Members'-only newsletters
Preferential access and discounts to all TechNode events
Direct access to the TechNode newsroom
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.