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Sogou Announces First Quarter 2021 Results News provided by Share this article Share this article 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. First Quarter 2021 Financial Results Total revenues [1]were $137.2 million, a 47% decrease year-over-year. The decrease was primarily driven by uncertainties with respect to Sogou s business policies among certain advertisers as a result of the previously-announced proposal by Tencent Holdings Limited ( Tencent ) to take Sogou private, as well as reduced traffic acquisition activity. Search and search-related revenues were $127.8 million, a 46% decrease year-over-year. Auction-based pay-for-click services decreased year-over-year, accounting for 83.8% of search and search-related revenues, compared to 91.0% in the corresponding period

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