Sogou, one of the top three search engines in China, revenues were US$116 million, up 66% YoY and down 3% QoQ according to Sohu’s financial results.
Mobile search made a greater contribution to Sogou’s revenue, and Sogou expects to grow substantially faster than the overall search industry in China.
Mr. Xiaochuan Wang, CEO of Sogou, commented,
In the first quarter, Sogou maintained its solid growth momentum. Our in-depth cooperation with Tencent, in particular with Weixin, has brought unique capabilities to our mobile search and further enhanced our competitiveness.
Aggregate search traffic rose by 60% year-over-year while mobile search traffic jumped 130%. It’s expected that mobile search traffic will surpass PC traffic at some point of 2015. Our financial performance was impressive as well. Quarterly revenues were $116 million, up 66% year-on-year, and we achieved non-GAAP net income of $16 million.
Sogou revenues are expected to be between US$135 million and US$145 million in Q2 2015; this implies a sequential increase of 16% to 25% and an annual growth of 48% to 59%.