Sogou Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Provides Revenue Guidance for the First Quarter of 2018
For the year, the company reported total revenues of $908,357,000 against $660,408,000 a year ago. Operating income was $93,886,000 against $71,622,000 a year ago. Income before income tax expenses was $96,622,000 against $56,139,000 a year ago. Net income attributable to the company was $82,200,000 against $56,112,000 a year ago. Net income attributable to ordinary shareholders was $57,812,000 or $0.20 per diluted share against $28,020,000 or $0.11 per diluted share a year ago. Diluted net income per ADS share was $0.20 against $0.11 a year ago. Non-GAAP operating income was $117.6 million, a 39% increase from 2016. Non-GAAP net income attributable to Sogou Inc.was $105.9 million, an increase of 54% from 2016. Non-GAAP basic earnings per ADS were $0.32 and non-GAAP diluted earnings per ADS were $0.29.
For the first quarter of 2018, the company expects total revenues to range from $218 million to $228 million, representing a 35% to 41% increase year-over-year.