Renren (RENN) Reports Q2 Loss of $0.21/Share
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Renren Announces Unaudited Second Quarter 2016 Financial Results
August 16, 2016 7:50 AM EDTBEIJING, Aug. 16, 2016 /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, 2016.Â
Second Quarter 2016 Highlights
Total net revenues were US$14.4 million, a 38.5% increase from the corresponding period in 2015. Advertising and IVAS net revenues were US$7.6 million, a 14.6% decrease from the corresponding period in 2015. Financing income was US$6.8 million, compared to US$1.5 million in the corresponding period... More