Renren Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2012. Total net revenues were $32.1 million against $20.6 million, a 56.1% increase from the corresponding period in 2011. Operating loss was $20.6 million, compared to an operating loss of $4.7 million in the corresponding period in 2011. Net loss attributable to company was $13.6 million or $0.01 per basic and diluted share, compared to a net loss of $2.6 million or $0.01 per basic and diluted share in the corresponding period in 2011. Adjusted net loss was $11.3 million, compared to an adjusted net loss of $1.1 million in the corresponding period in 2011. Loss from operations was $20.6 million against $4.7 million a year ago. Net loss per basic and diluted ADS share was $0.03 against $0.04 a year ago. Loss from continuing operations was $13.62 million against $2.600 million a year ago. The company expects to generate revenues in an amount ranging from $41 million to $43 million in the second quarter of 2012, representing 35% to 41% year-over-year growth.