Renren Inc. reported unaudited consolidated earnings results for the second quarter ended June 30, 2012. For the quarter, total net revenues were $30,395,000 against $44,824,000 a year ago. Income from operations was $674,000 against loss from operations of $22,205,000 a year ago. Income before provision of income tax, loss in equity method investment and no controlling interests, net of income taxes was $1,557,000 against loss before provision of income tax, loss in equity method investment and no controlling interests, net of income taxes $17,745,000 a year ago. Income before loss in equity method investments and no controlling interests, net of income taxes was $743,000 against loss before loss in equity method investments and no controlling interests, net of income taxes of $17,922,000 a year ago. Net income attributable to the company was $751,000 or $0.00 per basic and diluted share against net loss attributable to the company of $24,939,000 or $0.02 per basic and diluted share a year ago. Basic and diluted net income per ADS shares was $0.00 against Basic and diluted net income per ADS shares of negative $0.06 a year ago. Adjusted net income was $2,313,000 against adjusted net loss of $21,798,000 a year ago.

For the third quarter of 2012, the company expects to generate revenues in an amount ranging from $49 million to $51 million, representing 43% to 49% year-over-year growth. This forecast reflects company's current and preliminary view, which is subject to change.