Renren (RENN) Reports Q1 Loss of $0.24/Share
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Renren Announces Unaudited First Quarter 2017 Financial Results
June 21, 2017 6:00 AM EDTBEIJING, June 21, 2017 /PRNewswire/ --Â Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), which operates a social networking service and internet finance business in China, today announced its unaudited financial results for the first quarter ended March 31, 2017.Â
First Quarter 2017 Highlights
Total net revenues were US$20.9 million, a 94.3% increase from the corresponding period in 2016. Advertising and IVAS net revenues were US$11.6 million, a 90.2% increase from the corresponding period in 2016. Financing income was US$9.3 million, a 99.7% increase from the corresponding period of... More