Renren announces second-quarter unaudited financial reports

August 15, Renren released its second-quarter unaudited financial report. The report showed that Renren's net operating income for two quarters was $49.6 million, up 10 from a year earlier, and 7% per cent, with a gross profit of 31.7 million dollars, up 13.7% from a year earlier.

The traditional SN s social networking company is accelerating its transition to mobile internet companies. Chen, chairman and chief executive officer of Renren, said: "In the highly competitive wireless internet industry, everyone's strategic goal is to build their core competitiveness." Although faced with the challenge of moving the terminal in the short term, some progress has been made in the implementation of the strategic objective. Everyone will continue to maintain a long-term commitment focused on mobile strategy. ”

Mobile Client S Ms Strategy has begun to bear fruit

SM S (Socialm essaging N ETW ork, Social communication Service) is the latest strategic development direction of Renren this year. It is reported that in order to improve user activity, Renren Mobile client only in the second quarter of the update 13 times, increase interpersonal communication function.

Users frequently use the mobile end, which puts new demands on social communication services. According to the latest data, about 80% of Renren's online time comes from mobile clients, and about 65% of the month's active users log on to Renren via mobile. Chen said that no matter what the performance, everyone's investment in research and development has never been reduced, according to the report, the second quarter of everyone's research and development cost of 22.2 million U.S. dollars, the same period last year 24.6%, accounting for about 1/3 of operating costs, mainly for mobile and game development and other related costs.

In addition, it is worth mentioning that, in order to enhance the company's innovative vitality, to stimulate the creative passion of employees, everyone held a series of innovative activities including the Alliance of innovators, everyone's innovation award, innovative oxygen Bar, etc.

Its glutinous rice net expands steadily? Move end to lead

According to earnings reports, the performance of glutinous rice this quarter is also commendable, with net operating income of 6.2 million U.S. dollars, a 69.4% increase from the same period last year, active pay subscribers to 3.8 million, compared with the same period last year 2.6 million growth 46.1%. Of course, in the Internet value-added income, the 56 network of my Show video live program income growth is also one of the bright spots, which also indicates the social factors of the video site gradually show vitality.

In fact, the current domestic network group buying business, but also facing the transition from the Internet to the mobile end of the problem. The sticky rice net launched the mobile client very early. The sticky rice net of about 30% of the sales comes from the mobile end, and the growth is fast, or will be the next increase in the performance of the outbreak point. According to the chief operating officer of the company, said, the current glutinous rice net repeat purchase rate of 55%, continuous growth for six consecutive quarters, "glutinous rice Network user group is gradually forming a higher brand loyalty." ”

Reporter Cherius