Sogou Inc. provided financial guidance for the first quarter of 2020. For the first quarter of 2020, the company expects total revenues to be in the range of $240 million to $260 million, representing a 5% decrease to 3% increase year-over-year or a 1% decrease to a 7% increase year-over-year in RMB terms. This near-term guidance takes into account the impact of the coronavirus outbreak as well as other challenges in the macro environment and the online advertising industry.

The company announced impairment loss on certain equity investments of $9.1 million in the fourth quarter of 2019.