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Renren Inc (RENN.N)

RENN.N on New York Stock Exchange

6.84USD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Renren sees Q1 2017 revenue $20 mln to $22 mln
Monday, 15 May 2017 04:16pm EDT 

May 15 (Reuters) - Renren Inc ::Renren announces unaudited fourth quarter and fiscal year 2016 financial results and update on proposed transactions.Q4 revenue rose 49.8 percent to $20.3 million.Sees Q1 2017 revenue $20 million to $22 million.Sees Q1 2017 revenue up 85.5 to 104.1 percent.Renren Inc says Q4 advertising and ivas net revenues were us$34.0 million, a 4.7% increase from 2015.Qtrly loss per share $0.05; net loss per ads $0.78.  Full Article

Renren announces disposition of certain shares of Social Finance
Thursday, 6 Apr 2017 06:00am EDT 

Renren Inc - : Renren Inc announces disposition of certain shares of Social Finance Inc . Renren Inc- sold preferred shares of social finance to certain investors on april 4, 2017 . Renren Inc - company received net proceeds of $91.9 million for shares . Renren Inc- after the transaction, company still has 85.9% of its previous holdings in sofi .Renren - sold preferred shares of social finance to certain investors on april 4, in connection with sofi's most recent round of equity financing.  Full Article

Renren Q3 shr loss per ADS $0.07
Thursday, 15 Dec 2016 09:00pm EST 

Renren Inc : Qtrly net loss attributable to Renren Inc shareholders per ADS $0.07 . Renren announces unaudited third quarter 2016 financial results . Q3 revenue rose 102.8 percent to $17.9 million . Sees q4 2016 revenue $18.5 million to $20.5 million .Sees q4 2016 revenue up 36.3 to 51.1 percent.  Full Article

Renren announces intention to undertake spin-off
Friday, 30 Sep 2016 06:00am EDT 

Renren Inc : Plans to distribute no less than 80 percent of shares of spinco to shareholders that exercise rights and intends for such distribution to qualify, for tax purposes . Says company plans to distribute rights, exercisable for shares in Spinco, to company's shareholders on a pro rata basis . Says to spin off newly formed unit that will hold woxiu.com and most of company's investments in minority stakes in privately held companies . Intends for the distribution to qualify, for U.S. tax purposes, as a tax-free distribution to company's U.S. Shareholders . Says following spin-off, Spinco will be a privately held company not subject to public company reporting requirements .Will distribute cash in lieu of fractional rights and cash to holders of rights who cannot exercise or who choose not to exercise their rights.  Full Article

Renren quarterly loss per ADS $0.14
Tuesday, 16 Aug 2016 07:50am EDT 

Renren Inc : Quarterly loss per ADS $0.14 . Q2 revenue rose 38.5 percent to $14.4 million . Sees Q3 2016 revenue $17.5 million to $19.5 million . Sees Q3 2016 revenue up 98.4 to 121.1 percent .Says company will not host a conference call.  Full Article

Renren Q1 revenue rose 29.2 pct to $10.8 mln
Wednesday, 8 Jun 2016 06:12am EDT 

Renren Inc : Renren inc says q1 advertising and IVAS net revenues were us$6.1 million , representing a 24.8% decrease from corresponding period of 2015 . Renren inc says q1 net loss attributable to company was us$23.2 million , compared to a net loss of us$23.8 million in corresponding period in 2015 . Renren inc says q1 adjusted net loss was us$15.9 million , compared to an adjusted net loss of us$17.6 million in corresponding period in 2015 . Qtrly loss per share $0.03 . Renren announces unaudited first quarter 2016 financial results . Q1 revenue rose 29.2 percent to $10.8 million . Sees q2 2016 revenue $13 million to $15 million .Sees q2 2016 revenue up 25.2 to 44.5 percent.  Full Article

Renren posts Q4 loss $0.22/ADS
Monday, 16 May 2016 06:18am EDT 

Renren Inc : Renren announces unaudited fourth quarter and fiscal year 2015 financial results . Renren Inc qtrly net loss attributable to company was us$53.0 million , compared to a net income of US$35.0 million . Renren Inc qtrly adjusted net loss was US$43.2 million , compared to an adjusted net income of US$43.2 million . Qtrly loss per ADS $0.22 . Q4 revenue rose 24 percent to $13.6 million . Sees Q1 2016 revenue $10 million to $11 million .Sees Q1 2016 revenue up 19.9 to 31.9 percent.  Full Article

Renren Inc gives Q4 2015 revenue guidance
Friday, 27 Nov 2015 05:00am EST 

Renren Inc:Expects Q4 2015 to revenues in an amount ranging from $11 million to $13 million.  Full Article

Renren Inc announces resignation of acting CFO and appointment of interim CFO
Friday, 31 Jul 2015 06:00am EDT 

Renren Inc:Announces resignation of acting CFO and appointment of interim CFO.Says acting Chief Financial Officer, Ashley Law Kwok Wai, is resigning from his position at company.Says intends to appoint a new CFO candidate in due course.Says in the meantime, James Jian Liu, renren's Chief Operating Officer, will serve as interim CFO.Says ashley law kwok wai, is resigning from position at company to pursue another career opportunity, effective July 31.  Full Article

Renren receipt of preliminary non-binding going private proposal
Wednesday, 10 Jun 2015 09:00am EDT 

Renren Inc:Announces receipt of preliminary non-binding "going private" proposal.Received non-binding proposal letter,from joseph chen, chairman and chief executive officer of the company, and james jian liu.Says board intends to form a special committee consisting of independent directors to consider this proposal.Chen and liu intend to fund consideration payable with a combination of debt and equity capital, and rollover equity in the company.No decisions have been made with respect to the company's response to the transaction".  Full Article

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BRIEF-Renren sees Q1 2017 revenue $20 mln to $22 mln

* Renren announces unaudited fourth quarter and fiscal year 2016 financial results and update on proposed transactions