Renren Inc. reported unaudited consolidated earnings results for the second quarter and six months ended of June 30, 2018. For the quarter, the company reported total net revenues of $135,037,000 compared to $19,788,000 a year ago. Loss from operations was $32,606,000 compared to $15,073,000 a year ago. Loss before provision of income tax and loss in equity method investments, net of tax was $2,280,000 compared to $15,651,000 a year ago. Loss from continuing operations was $3,017,000 compared to income of $41,329,000 a year ago. Net income attributable to the company was $166,119,000 compared to loss of $17,195,000 a year ago. Diluted earnings per share attributable to the company were $0.15 compared to loss per share of $0.02 a year ago. Adjusted loss from operations was $19,010,000 compared to $9,904,000 a year ago. Adjusted net income was $177,518,000 against loss of $12,026,000 a year ago.

For the six months, the company reported total net revenues of $274,816,000 compared to $40,259,000 a year ago. Loss from operations was $57,235,000 compared to $31,984,000 a year ago. Loss before provision of income tax and loss in equity method investments, net of tax was $38,046,000 compared to $33,292,000 a year ago. Loss from continuing operations was $40,422,000 compared to income of $22,981,000 a year ago. Net income attributable to the company was $124,569,000 compared to loss of $33,373,000 a year ago. Diluted net earnings per share attributable to the company were $0.11 compared to loss per share of $0.03 a year ago. Adjusted loss from operations was $31,181,000 compared to $21,672,000 a year ago. Adjusted net income was $158,691,000 against loss of $23,061,000 a year ago.

The company expects to generate revenues in an amount ranging from $123 million to $128 million in the third quarter of 2018, representing a 104.3% to 112.6% year-over-year increase.