Welcome to our dedicated page for SOGO news (Ticker: SOGO), a resource for investors and traders seeking the latest updates and insights on SOGO stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SOGO's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SOGO's position in the market.
Sogou Inc. has successfully completed its merger, resulting in it becoming a privately-held company fully owned by Tencent. Shareholders will receive $9.00 for each Class A ordinary share or American depositary share following the merger's effective date. The company has also requested the suspension of its ADS trading on the NYSE and intends to withdraw its registration under the Securities Exchange Act. The management expressed gratitude for the team's efforts and looks forward to a new chapter post-merger.
Sogou Inc. (NYSE: SOGO) reported its unaudited financial results for Q2 2021, revealing a 44% drop in total revenues to $147.5 million year-over-year. This decline is attributed to advertiser uncertainties following Tencent's proposed acquisition of Sogou and lower traffic acquisition rates. Search-related revenues fell 43% to $137.2 million. However, Sogou posted a net income of $39.9 million, a turnaround from a loss of $8.5 million in Q2 2020. The merger with Tencent is expected to complete in H2 2021, subsequently taking Sogou private.
Sogou Inc. (NYSE: SOGO) will release its second quarter 2021 unaudited financial results on August 9, 2021, prior to U.S. market hours. Sogou, a leading search engine in China, holds the position of the second-largest search platform by mobile queries and is recognized as the fourth largest internet company by MAU in the country. The firm boasts innovative products, most notably the Sogou Input Method, the largest Chinese language input software. Sogou is also advancing in AI technologies, particularly in voice and image processing, machine translation, and Q&A systems.
Sogou Inc. (NYSE:SOGO) has launched the world's first AI sign language news anchor, named Xiao Cong, at the 2021 Sohu Tech 5G & AI Conference in Beijing. This innovative technology aims to enhance accessibility for the 27 million hearing impaired individuals in China, who often face challenges accessing quality information. Using advanced AI technologies, Xiao Cong can accurately present sign language with an 85% accuracy rate. Sogou's commitment to improving communication for the hearing impaired highlights its position as a leader in AI development within China's internet ecosystem.
Sogou Inc. (NYSE: SOGO) reported a 47% drop in total revenues to $137.2 million for Q1 2021, driven by advertiser uncertainty and reduced traffic acquisition. Search revenues fell by 46% year-over-year, while other revenues decreased by 52%. Gross profit also declined by 27% to $29.4 million. Despite a net income of $35.3 million, up from a loss of $31.6 million in Q1 2020, operating expenses slightly decreased. The company is progressing with a merger with Tencent, expected to finalize after Q2 2021, transitioning Sogou into a wholly-owned entity.
Sogou Inc. (NYSE: SOGO) will unveil its first quarter 2021 unaudited financial results on May 14, 2021, before U.S. market hours. As a key player in China's internet industry, Sogou ranks as the second-largest search engine by mobile queries and the fourth-largest internet company based on monthly active users.
The company strives to facilitate communication and information access, bolstered by innovative products such as the Sogou Input Method, the leading Chinese language input software. Sogou is also advancing AI technologies, enhancing its offerings in voice and image processing.
Sogou Inc. (NYSE: SOGO) has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2020, with the Securities and Exchange Commission. The report is accessible on Sogou's investor relations website, and shareholders can request a free hard copy containing audited financial statements. Sogou is recognized as a leader in China's internet industry, being the second largest search engine by mobile queries and the fourth largest internet company by monthly active users. The company focuses on enhancing communication and information access through innovative products like the Sogou Input Method.
Labaton Sucharow is investigating Sogou Inc. (NYSE: SOGO) for potential securities violations and breach of fiduciary duty claims. The firm encourages current shareholders to contact them for more information to protect their investments. This investigation indicates possible legal challenges ahead for SOGO, which could affect shareholder value. Investors are urged to stay informed about these developments as they may have significant implications for the stock's future performance.
Labaton Sucharow is investigating potential securities violations and breach of fiduciary duty claims against Sogou Inc. (NYSE: SOGO). The investigation targets the company's compliance with securities laws and its responsibilities to shareholders. Investors owning shares of SOGO are encouraged to reach out for further information and assistance to safeguard their investments, free of charge. Labaton Sucharow is a leading litigation firm recognized for excellence in investor rights and corporate governance.
