Renren Announces Unaudited Second Quarter 2012 Financial Results

Renren

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.