Rediff.com India Ltd (REDF) Reports Q3 Loss of $0.09/ADS

Rediff.com India Ltd (NASDAQ: REDF) reported Q3 EPS of ($0.09), versus ($0.07) reported last year. Revenue for the quarter came in at $3.96 million, versus $4.17 million reported last year.

“A large portion (70%) of revenue from our Marketplace is primarily generated by our own users as compared to paid users. Our current efforts are focused on driving our marketplace revenues from our own users and we believe there is significant room for growth: less than one percent of our users shop on any given day, and we are deploying data analytics and new algorithms to better match our users and our products put on our site by merchants and take this rate up further,” said Ajit Balakrishnan, Chairman and CEO, Rediff.com India Ltd.

For earnings history and earnings-related data on Rediff.com India Ltd (REDF) click here.

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