Renren Announces Unaudited Second Quarter 2018 Financial Results
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UPDATE: Renren (RENN) Reports Q2 Loss of $0.25; Offers 3Q Revenue Outlook
September 11, 2018 6:09 AM EDT(Updated - September 11, 2018 6:12 AM EDT)
Renren (NYSE: RENN) reported Q2 EPS of ($0.25). Revenue for the quarter came in at $0 , versus $0 reported last year.
Total net revenues were US$135.0 million, a 582% increase from the corresponding period in 2017. - Used auto sales revenue was US$122.7 million. We initiated used auto sales business through one of our subsidiaries in the second quarter of 2017. - Internet Value-Added Services (IVAS) and others net revenues were US$12.1 million, an 18.6% increase... More