Lower Ad Spend Boosts Profitability: Revenue was in line with estimates driven by rebound in recruitment business and99acres.com. Both the businesses grew by 15.2% and 33.4% YoY, respectively.EBITDA was up 20% YoY and 42% QoQ due to lower ad spend (as a percentageof revenue, ad spend was 13.3% in Q1FY19 vs 18.2% in March 2018 and 10.2%in June 2017) and other expenses (8% of revenues in June 2018 vs 9.3% in March2018 and 9.7% in June 2017 quarter).