Internet Software and Services
Company Overview of Renren.com
Renren.com owns and operates a social networking portal. Additionally, the company offers online content streaming services. The company was formerly known as Xiaonei.com and changed its name to Renren.com in August 2009. The company was founded in 2005 and is based in Beijing, China. As of October 24, 2006, Renren.com operates as a subsidiary of Renren Inc.
8 Beisanhuan Donglu
Founded in 2005
Key Executives for Renren.com
Renren.com does not have any Key Executives recorded.
Renren.com Key Developments
Renren.com Reports Earnings Results for the Second Quarter of 2014; Provides Revenue Guidance for the Third Quarter of 2014
Aug 27 14
Renren.com reported earnings results for the second quarter of 2014. For the quarter, the company reported net income of USD 31.3 million, compared to a net loss of USD 9.3 million in the year-ago quarter. Total net revenues amounted to USD 25 million, which represents a 42.4% decrease from the year-earlier period. The company's net revenues were USD 15.1 million, a 26.7% decrease from the corresponding period in 2013.
For the third quarter of 2014, the company expects revenues of USD 19 to 21 million, representing a 48.9% to 53.8% year-on-year decline.
Renren.com Announces Earnings Results for the Fourth Quarter of 2013
Mar 20 14
Renren.com announced earnings results for the fourth quarter of 2013. The company reported a net income of USD 101.5 million for the fourth quarter, against a net loss of USD 21.1 million in the year-ago quarter. The increase was due to the USD 132.7 million gain from the deconsolidation of subsidiaries. Revenues totalled USD 30.7 million, down 29.1% year-on-year and net revenues fell 13.7% to USD 15.1 million. Net revenues include USD 10.2 million online advertising revenues, down 17.9% due to increasing competition and the continuing migration of traffic from PC to mobile.
Renren.com Reports Revenue Results for the Third Quarter Ended September 30, 2013
Nov 28 13
Renren.com reported revenue results for the third quarter ended September 30, 2013. For the quarter, the company reported that net operating revenue was USD 41.1 million, declining 9.9%.
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