Rediff.com India Ltd (NASDAQ: REDF) (“Rediff” or “the Company”), an India-based internet company which delivers digital content and commerce services,
announced today results for its fourth quarter and fiscal year ended March 31, 2015.
Fiscal Year 2015 Highlights
· Increased online marketplace revenues by 35% year over year, representing 27% of total revenues
Rediff.com India Limited (Nasdaq: REDF), an India-based internet company which delivers digital content and commerce services, will release its results for the Fourth Quarter Ended March 31, 2015 at 8:30 am ET (5:30 am Pacific Time / 6:00 pm India Time) on Tuesday, June 30, 2015.
Mumbai, India, January 27, 2015
Rediff’s Marketplace business where users coming for strong news, information and communication services are served products and services from individual professionals, merchants and large enterprises, is now the second highest contributor to overall revenues, after the display advertising business. The share of online revenue from the marketplace grew to 28% in the immediate past quarter, from a 23% share in the same quarter last year.
Rediff.com India Limited (Nasdaq: REDF), one of the premier worldwide online providers of news, information, communication, entertainment, mobile and shopping services, will release its results for the Third Quarter Ended December 31, 2014 at 8:30 am ET (5:30 am Pacific Time / 7:00 pm India Time) on Tuesday, January 27, 2015.
Rediff.com’s overall performance in the past two quarters signaled the emergence of an internet media business model in which fee-based revenue is the key
driver and online advertising is in a supporting role. Revenues from such fee-based businesses contributed to 54% of the India Online Revenue in the
immediate past quarter.
Rediff.com India Limited (Nasdaq: REDF), one of the premier worldwide online providers of news, information, communication, entertainment, mobile and shopping services, will release its results for the Second Quarter Ended September 30, 2014 at 8:30 am ET (5:30 am Pacific Time / 6:00 pm India Time) on Wednesday, October 22, 2014.
This past quarter saw the execution of Rediff.com’s strategy: to retain and grow its approximately 15 million engaged users through a variety of digital
offerings and then earn revenue from digital services provided to these users and to businesses. The Company’s revenue stream, which used to be dominated
by advertising is gradually shifting away from advertising and is increasingly driven by revenues from its ecommerce marketplace and subscription revenues
from the enterprise email and collaboration services.
Rediff.com India Limited (Nasdaq: REDF), one of the premier worldwide online providers of news, information, communication, entertainment, mobile and shopping services, will release its results for the First Quarter Ended June 30, 2014 at 8:30 am ET (5:30 am Pacific Time / 6:00 pm India Time) on Monday, August 18, 2014.