Wed, Apr 23, 2014, 3:52 AM EDT - U.S. Markets open in 5 hrs 38 mins


% | $
Quotes you view appear here for quick access.

Renren Inc. Message Board

  • eightdogs1 eightdogs1 May 14, 2012 9:33 PM Flag

    CC notes

    I'm not going to take down blue sky stuff, and stuff that you can read at the company webpage, like a lot of the dtailed accounting stuff.

    we know they beat analyst estimates of 4 cents per share loss, by posting a 3 cent loss per share. This is a good thing. So, moving on...

    Stan Leung, Joseph Chen

    1st qtr revs above estimates. Accelerated growth in gaming systems. 1st proven monetization model. Highlights multiple revenue stream. usage and traffic continue to grow. 40.1 million uses in March, a 30% increase over the previous mnth. 79% of users access their account through a mobil device. point is that most users are accessing social networking in China via mobil devices.

    2nd qtr visibility remains soft, however growth is seen growing in sme business. meaningful revs from SME is still a few quarters away.the company is positioninbg itself to take most advantage of the shift toward accessing social newtworking via mobil devices. Basically , creating a mobil centric business model, to maximize growth.

    There was discussion about partnerships with Microsoft and another country that I missed since I was momentarily interrupted.

    Regarding, their video acquistion, focus is on enhancing user experience before monetizing the effort.

    Strong balance sheet. 1st qtr, taking into account chinese New Year, is historically the weakest qtr of the year, for revenues.
    SME grew over 100% year over year. Growth in the last qtr was primarily due to the use of several games. gross profit was a 19% increases , year over year. Refer to online data sheet for the review of the other numbers. 1 billion dollars cash and cash equivalents.

    Guidance; expected growth of 41 and 43 million dollars expected . Also, the CFO felt comfortable maintianing previously project full year growth estimates, including 51 to 55% growth in the 2nd half of the year.

    Margin difference between mobil and pc games. they don't separate, and differentiate the numbers yet.

    Loging off now. Q&A still going on...

    SortNewest  |  Oldest  |  Most Replied Expand all replies
3.40-0.03(-0.87%)Apr 22 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Allergan Inc.
NYSETue, Apr 22, 2014 4:00 PM EDT
Weibo Corporation
NasdaqGSTue, Apr 22, 2014 4:00 PM EDT
GW Pharmaceuticals plc
NasdaqGMTue, Apr 22, 2014 4:00 PM EDT