Comment on Delay In New Game Launches, Low Mobile Monetization Pull Down Renren's Q2'14 Earnings

Delay In New Game Launches, Low Mobile Monetization Pull Down Renren's Q2'14 Earnings

At $11.7 million, the company’s online advertising revenue decreased 23.9% annually on account of rising competition and the low monetization of its mobile platform. Delays in launching successful new titles lowered gaming revenue by a staggering 56.6% annually. Renren’s operating loss increased from $25.9 million to $30.4 billion.

 

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