UPDATE: Renren (RENN) Reports Q2 Loss of $0.25; Offers 3Q Revenue Outlook
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Renren Announces Unaudited Second Quarter 2018 Financial Results
September 11, 2018 6:00 AM EDTBEIJING, Sept. 11, 2018 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), which operates a social networking service (SNS) business, used auto business and SaaS business, today announced its unaudited financial results for the second quarter ended June 30, 2018.
Second Quarter 2018 Highlights
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)... More