First Quarter 2013 Highlights
-- Total net revenues were US$46.6 million, a 45.2% increase from the
corresponding period in 2012.
-- Renren net revenues were US$41.5 million, a 40.4% increase from the
corresponding period in 2012.
-- Nuomi net revenues were US$5.1 million, a 102.0% increase from the
corresponding period in 2012.
-- Gross profit was US$30.0 million, a 53.1% increase from the corresponding
period in 2012.
-- Operating loss was US$27.5 million, compared to an operating loss of US$
20.6 million in the corresponding period in 2012.
-- Net loss attributable to Renren was US$3.1 million, compared to a net
loss of US$13.6 million in the corresponding period in 2012.
-- Adjusted net income (non-GAAP) (1) was US$0.5 million, compared to an
adjusted net loss of US$11.3 million in the corresponding period in 2012.