Last $3.22 USD
Change Today +0.01 / 0.31%
Volume 607.0K
RENN On Other Exchanges
New York
As of 8:04 PM 08/19/14 All times are local (Market data is delayed by at least 15 minutes).

renren inc-adr (RENN) Snapshot

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52 Week High
03/5/14 - $4.79
52 Week Low
12/2/13 - $2.76
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Current Stock Chart for RENREN INC-ADR (RENN)

renren inc-adr (RENN) Details

Renren Inc. operates a social networking Internet platform in the People’s Republic of China. The company operates, a social networking Website that enables its users to communicate and stay connected with their friends, classmates, family members, and co-workers; and, a video service that allows its users to upload, view, and share user generated content videos and other contents, as well as provides Web-based, cross-platform, and mobile games to its users. The company was formerly known as Oak Pacific Interactive and changed its name to Renren Inc. in December 2010. Renren Inc. was founded in 2002 and is headquartered in Beijing, the People’s Republic of China.

2,442 Employees
Last Reported Date: 04/29/14
Founded in 2002

renren inc-adr (RENN) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

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renren inc-adr (RENN) Key Developments

Renren Reportedly Plans To Sell QianJun To Mango TV

Renren Inc. (NYSE:RENN) is rumored to sell QianJun, Inc. to Mango TV, said industry insider. Mango TV will formally announce the deal in August or September, with founder Zhou Juan likely leaving the company.

Renren Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter of 2014

Renren Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. Total net revenues for the first quarter of 2014 were $24.9 million, representing a 39.9% decrease from the corresponding period in 2013. Operating loss was $29.2 million, compared to an operating loss of $20.4 million in the corresponding period in 2013. Net income attributable to the Company was $32.3 million, compared to a net loss of $3.1 million in the corresponding period in 2013. This was primarily due to the $57.1 million gain on the disposal of equity method investment. Adjusted net income (non-GAAP) was $36.1 million, compared to an adjusted net income of $0.5 million in the corresponding period in 2013. The increase was primarily due to the $57.1 million gain on the disposal of equity method investment. Diluted net income per share was $0.05 against diluted loss per share of $0.01 a year ago. Loss from continuing operations was $24,776,000 or $0.02 per diluted share against income from continuing operations of $3,843,000 a year ago. The company expects to generate revenues in an amount ranging from $21 million to $23 million in the second quarter of 2014, representing a 47.1% to 51.7% year-over-year decline. This forecast reflects Renren's current and preliminary view, which is subject to change.

Renren Inc. to Report Q1, 2014 Results on May 21, 2014

Renren Inc. announced that they will report Q1, 2014 results at 5:00 PM, Eastern Standard Time on May 21, 2014


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Valuation RENN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 8.3x
Price/Book 0.9x
Price/Cash Flow 12.3x
TEV/Sales 1.6x

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