Renren Announces Unaudited Second Quarter 2012 Financial Results

Renren (NYSE: RENN) announced Tuesday its unaudited financial results for the second quarter ended June 30, 2012.

Second Quarter 2012 Highlights
Total net revenues were US$44.8 million, a 47.5% increase from the corresponding period in 2011.
Online game revenues were US$22.5 million, a 122.1% increase from the corresponding period in 2011.
Gross profit was US$27.9 million, a 13.4% increase from the corresponding period in 2011.
Operating loss was US$22.2 million, compared to an operating income of US$0.7 million in the corresponding period in 2011.
Net loss attributable to Renren was US$24.9 million, compared to a net income of US$0.8 million in the corresponding period in 2011.
Adjusted net loss (1) (non-GAAP) was US$21.8 million, compared to an adjusted net income of US$2.3 million in the corresponding period in 2011.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.