Rediff.com India Ltd (REDF) Halves Q1 Loss

Rediff.com India Ltd (NASDAQ: REDF) reported Q1 EPS of ($0.06), versus $0.13 reported last year. Revenue for the quarter came in at $3.29 million, versus $4.08 million reported last year.

Highlights:

• With 16.2 million monthly active users, Rediff achieved a 17% year-over-year growth in Unique users and a 20% reach in the PC based internet market in India, as reported by ComScore Media Metrix in June 2015;
• Highly engaged user base with average time spent per visitor at 21 mins/month as measured by ComScore Media Metrix in June 2015.

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

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