Renren (RENN) Swings to Q1 Loss
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Renren Announces Unaudited First Quarter 2015 Financial Results
May 12, 2015 7:00 PM EDTBEIJING, May 12, 2015 /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 first quarter ended March 31, 2015.
First Quarter 2015 Highlights
Total net revenues were US$13.7 million, a 41.1% decrease from the corresponding period in 2014. Renren net revenues were US$8.2 million, a 22.9% decrease from the corresponding period in 2014. Games net revenues were US$5.5 million, a 56.5% decrease from the corresponding period in... More