Rediff (NSDQ: REDF) has reported Q2 revenue of $8.32 million, a 22 percent increase from a year ago, helped by strong, 42 percent growth at the company’s India Online division. On the US Publishing side, revenue declined 19 percent to $1.76 million. Helped by a slightly expanded gross margin, and moderate growth in operating expenses, operating EBITDA shot up 80 percent to $1.1 million from $610,000. Actual net income was down, but the numbers are incomparable due to an investment sale in the year-ago period. In addition to the financial figures, the company trotted out several users stats, including 13 percent growth in unique users in just the last three months. Release.

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Rediff’s earnings statement details: