Renren's first-quarter net loss of 3.1 million dollars was narrowed.

Sina Science and technology news Beijing time of May 14 morning, the company (Nyse:renn) announced today, as of March 31, the first quarter of fiscal year 2013 unaudited financial report. The report showed that Renren's total net revenue for the first quarter (including sticky rice net revenues) was 46.6 million dollars, up 45.2% from a year earlier, with net revenue of 41.5 million dollars, a 40.4% increase from a year earlier, and a net loss of 3.1 million dollars, which was narrower than the net loss of 13.6 million dollars a year earlier. Main results:-Renren's total net revenue for the first quarter was 46.6 million U.S. dollars, up 45.2% from a year earlier;-Renren's net revenue for the first quarter was 41.5 million dollars, up 40.4% from a year earlier;-Sticky rice net revenue for the first quarter was 5.1 million U.S. dollars, up 102% from the same period last year. -Renren's gross profit for the first quarter was $30 million trillion, up 53.1% from a year earlier, with the company's first-quarter operating loss of $27.5 million and its operating loss of $20.6 million in the same period last year.-Renren's first-quarter net loss was $3.1 million, It narrowed the net loss of $13.6 million over the same period last year – a net loss of $500,000 for everyone in the first quarter (not in accordance with US GAAP) and a net loss of $11.3 million over the same period last year. Financial Analysis: Renren's total net revenue for the first quarter was $46.6 million trillion, up 45.2% from a year earlier. Renren's net revenue for the first quarter was $41.5 million trillion, up 40.4% from a year earlier. In Renren's first-quarter revenue, net-game revenues were 26.7 million dollars, up 52.9% from a year earlier, mainly as a result of home-grown cross-platform game growth; other Internet value-added services (IVAs) revenues were 5 million U.S. dollars, up 80.4% from a year earlier. Renren's first-quarter online advertising revenue was 9.8 million dollars, up 4.7% from a year earlier. As at March 31, 2013, the number of active users on Renren's website was about 184 million, up from March 31, 2012 to about 154 million, and the number of monthly independent users increased from about 40 million in March 2012 to about 57 million in March 2013. Sticky rice net revenue for the first quarter was 5.1 million U.S. dollars, up 102% from a year earlier. In the first quarter, the number of active paid subscribers to the sticky rice net reached 3.1 million, an increase of 69.2% from 1.8 million people in the same period last year. Renren's first-quarter revenue cost was $16.6 million, up 33% from a year earlier. The first quarter of the company's revenue costs have been nuomi.com the 300,000 dollar cost of the glutinous rice net. Everyone company's first-quarter revenue cost growth, mainly due to the company's 56.com virtual talent show Service I show the revenue sharing costs increased. glutinous rice Net operating expenses for the first quarter were 11.8 million dollars. Excluding the first quarter and the same period last year respectively belong to glutinous rice network operating expenses, everyoneThe company's operating expenses for the first quarter were $45.7 million trillion, up 53.3% from a year earlier. Renren's first-quarter sales and marketing expenditures were $22.2 million trillion, up 27.1% from a year earlier, mainly because of increased advertising and promotional activities for the games that had been released, as well as a rise in the number of staff and related expenses associated with sticky rice. Renren's first-quarter research and development spending was $24 million trillion, up 56.5% from a year earlier, mainly due to increased employee-related spending on mobile-related investments and game development. The first quarter of the company's general and administrative expenditures were 11.3 million U.S. dollars, up 52.7% from a year earlier, mainly due to the size of the company and the growth of business operations. Renren's first-quarter equity awards were $3.2 million trillion, up from $1.8 million a year earlier. All equity incentive payments are included in the operating expenses. Renren's first-quarter operating loss was $27.5 million trillion, operating at $20.6 million a year earlier. Renren's net loss in the first quarter was $3.1 million trillion, narrowing from a net loss of $13.6 million a year earlier. Excluding the first quarter and the same period last year the results of their respective attribution to the Glutinous rice network, Renren's first quarter net profit of 3.8 million U.S. dollars, the same period last year net loss of 5.5 million U.S. dollars. Renren's first-quarter adjusted net loss (not in accordance with US GAAP) was USD 500,000, with a net loss of $11.3 million over the same period last year. Excluding the first quarter and the same period last year the results of their respective attribution to the Glutinous rice network, the first quarter of everyone company adjusted net profit (not in accordance with the United States General Accounting Standards) for 7.4 million U.S. dollars, the same period last year adjusted net loss of 3.1 million U.S. dollars. The adjusted net profit (loss) is defined by Renren as the profit (loss) from the continuing operations minus the Non-cash equity incentive expenditure, intangible asset amortization and intangible asset impairment. On December 26, 2012, Renren announced that it would restart the stock repurchase scheme and buy up to $48.2 million worth of us depository receipts between January 1, 2013 and December 31, 2013. In the first quarter, Renren bought about 1.3 million U.S. depository receipts. The company's current and preliminary views may be adjusted in the future. (Tangfeng)