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Renren Q4 revenues jump nearly 50%

Staff Writer | May 16, 2017
Renren announced its unaudited financial results for the fourth quarter ended December 31, 2016.
Renren
Renren   A 49.8% increase
Total net revenues were $20.3 million, a 49.8% increase from the corresponding period in 2015.

Gross profit was $4.4 million. Operating loss was $16.4 million, compared to an operating loss of $29.0 million in the corresponding period in 2015.

Net loss attributable to the Company was $93.3 million, compared to a net loss of $53.0 million in the corresponding period in 2015.

Adjusted net loss (1) (non-GAAP) was $87.9 million, compared to an adjusted net loss of $43.2 million in the corresponding period in 2015.

Fiscal year 2016 highlights

Total net revenues were $63.4 million, a 54.1% increase from 2015.

Gross profit was $11.6 million, compared to $4.4 million in 2015. Operating loss was $73.0 million, compared to an operating loss of $105.3 million in 2015.

Net loss attributable to the Company was $185.4 million, compared to a net loss of $220.1 million in 2015.

Adjusted net loss (1) (non-GAAP) was $161.8 million, compared to an adjusted net loss of $193.3 million in 2015.


 

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