Renren (RENN) Swings to Q2 Loss
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Renren Announces Unaudited Second Quarter 2015 Financial Results
August 20, 2015 7:00 AM EDTBEIJING, Aug. 20, 2015 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), a leading real-name social networking internet platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2015.Â
Second Quarter 2015 Highlights
Total net revenues were US$15.1 million, a 34.0% decrease from the corresponding period in 2014. Renren net revenues were US$10.3 million, a 21.1% decrease from the corresponding period in 2014. Games net revenues were US$4.8 million, a 51.1% decrease from the corresponding period in 2014. Gross... More