wordpress blog stats
Connect with us

Hi, what are you looking for?

, , ,

Rediff’s Losses Double, Revenues Down 15.5% QoQ

rediff1For the quarter ended September 2009, NASDAQ listed Rediff.com (REDF) has reported net losses of $ 2.61 million compared to losses of 0.42 million in the quarter ended September 2008. Its user base stood at 83 million at the end of the September 2009, a 15% increase year on year.

redifftable

The sweeping of advertisements from the company’s portal Rediff.com, as part of its revamp, led to the 15.5% drop in total revenues on a sequential basis, taking it to $ 4.19 million. Revenues from India Online fell 22% sequentially to $3.08 million. In Q2 last year, this was at $5.62 million.

Steps of user experience improvements, social enabling and heightened brand profiling  are expected to significantly improve Rediff’s share of unique users in India, which in turn will translate to higher revenue and profitability over the next few quarters.

In line with the company’s guidance, operating expenses rose 2.9% to $5.03 million and will continue to increase: the company repeated its intention to continue to invest over the next few quarters.

Details: Release

Rediff plans to continue its investment in product development and brand building post the adoption of a RESTful architecture and the common data model across all their services.

Advertisement. Scroll to continue reading.

Revenues from its US business increased by 9% sequentially. Operating EBITDA slipped further into negative to -$2.61 million compared to a positive EBITDA of $0.06 million in Sep 08.

Related

Rediffs Music Streaming Service SongBuzz Goes Live

LBS Co Imere Sells Minority Stake To Rediff; Buddy Finder App Ohe!

Rediff Upgrading RediffBlogs, Migrating Users From iLand To WordPress MU

Rediff CFO Joy Basu & VP (Products) Zaki Ansari Leave Rediff: Report

Advertisement. Scroll to continue reading.

Q1-10: Rediff Reports Q1 Net Loss Of $1.43M; 11 Pc Sequential Growth In Revenues

Written By

http://www.linkedin.com/in/preethij

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ