Everyone reported that the total net http://www.aliyun.com/zixun/aggregation/32902.html in the third quarter was $50.4 million, up 47.2% from $34.2 million a year earlier. The net loss in the third quarter was $15.4 million trillion, with a net loss of $1.2 million in the same period last year.
The group purchase site glutinous Rice Net contributed 4.6 million U.S. dollars of business income, than the last quarter of 3.6 million U.S. dollars increased by 27.8%, but also generated 10.6 million U.S. dollars operating costs and 400,000 U.S. dollars in operating expenses. As a result, its net loss in the quarter was $6.4 million trillion, which was narrower than the 7.2 million-dollar chain of the previous quarter.
According to the quarterly earnings, the first four quarters of the glutinous Rice Network (2011 q3-2012 years Q2) net revenue of 1.7 million U.S. dollars, 2.7 million U.S. dollars, 2.5 million U.S. dollars and 3.6 million U.S. dollars, the corresponding net loss ratio of 7.4 million U.S. dollars, 9.1 million U.S. dollars and 8.1 million U.S. dollars and 7.2 million U.S. dollars.
"The company's overall revenue in the third quarter was up to expectations," said Chen, CEO of Renren. Group buying business glutinous Rice Network in this quarter has also made a pretty good performance, the indicators have significantly improved, mobile phone users of the volume of rapid growth. ”