Everyone quarterly revenue 48.8 million dollar online game growth 116%

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March 11 News, the Company (NYSE stock Code: RENN), released today the fourth quarter of December 31, 2012 and 2012 audited financial reports.

Renren's net operating income for the fourth quarter was $48.8 million, up 48.8% from a year earlier, outpacing Wall Street analysts ' average forecasts. Among them, online gaming revenue of 25.9 million U.S. dollars, compared with the same period last year 116.5%, glutinous Rice Net contributed 5.4 million U.S. dollars net operating income, an increase of 100%.

The net operating income of Renren for the whole year of 2012 was $176.1 million, an increase of 49.3% over 2011. Among them, the glutinous rice net contributed 16.1 million US dollar net operating income, grew 149.6% compared with 2011.

In terms of user data, the activation user for Renren increased from 147 million December 31, 2011 to 178 million in December 31, 2012. The monthly independent landing users increased from December 2011 's 38 million to December 2012 's 56 million.

"2012 is a year for everyone to embrace the mobile internet tide." We have increased our input in the mobile world and studied how to innovate in the mobile internet age, which has enabled everyone to have a stronger mobile gene. In 2012, Renren Mobile end of the rapid growth of traffic, cross-screen strategy to make the game business revenue significantly improved, sticky rice network in the mobile E-commerce attempt is gradually changing the user's consumption habits. Encouraged by these achievements, we will continue to explore and redouble our efforts in the field of mobile Internet to find new opportunities on the basis of consolidating existing products. Chen, chairman and chief executive officer of Renren, said. "Looking ahead to 2013, our strategic focus is clearer. Renren's social platform remains our core base, and we will continue to enhance the user experience, especially in mobile clients. With the further expansion and deepening of the product line, our diversified services around SNS platform will provide more novel and broader growth opportunities for the company's sustainable development. ”

"Revenue in the fourth quarter of 2012 exceeded management expectations," said Huang, chief financial officer of Renren. In our various business, the game and glutinous rice network business continues to show a good development trend, but the advertising business still faces a lot of challenges. Looking back over the past 2012 years, our investment in various businesses has contributed to our overall transition to the wireless internet business model. In the new year, with good cash reserves and a clearer strategic direction, we will continue to strive to transform Renren into a real mobile internet company. ”