Renren (NYSE: RENN) reported earnings on May 13. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Renren beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share increased to zero. GAAP loss per share contracted.

Margins increased across the board.

Revenue details
 Renren logged revenue of $46.6 million. The eight analysts polled by S&P Capital IQ expected to see revenue of $45.2 million on the same basis. GAAP reported sales were 45% higher than the prior-year quarter's $32.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.00. The seven earnings estimates compiled by S&P Capital IQ averaged -$0.06 per share. Non-GAAP EPS dropped to zero from the prior-year quarter's $0.00. GAAP EPS were -$0.01 for Q1 against -$0.03 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 64.4%, 330 basis points better than the prior-year quarter. Operating margin was -58.9%, 520 basis points better than the prior-year quarter. Net margin was -6.7%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $61.6 million. On the bottom line, the average EPS estimate is -$0.05.

Next year's average estimate for revenue is $258.1 million. The average EPS estimate is -$0.18.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 185 members out of 244 rating the stock outperform, and 59 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give Renren a green thumbs-up, and 23 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Renren is hold, with an average price target of $3.63.

Internet software and services are being consumed in radically different ways, on new and increasingly mobile devices. Is Renren on the right side of the revolution? Check out the changing landscape and meet the company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.