Renren (RENN) Reports Q1 Loss of $0.07
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Renren Announces Unaudited First Quarter 2016 Financial Results
June 8, 2016 6:00 AM EDTBEIJING, June 8, 2016 /PRNewswire/ --Â 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 first quarter ended March 31, 2016.Â
First Quarter 2016 Highlights
Total net revenues were US$10.8 million, a 29.2% increase from the corresponding period in 2015. Advertising and IVAS net revenues were US$6.1 million, a 24.8% decrease from the corresponding period in 2015. Financing income was US$4.7 million, compared to US$0.2 million in the corresponding... More