— MakeMyTrip Limited (NASDAQ: MMYT) reported a third-quarter 2020 adjusted loss of $0.15 per share versus a loss of $0.26 per share expected.
— Total revenue grew by 18% to $146.89 million versus $199.52 million expected.
— Revenue from air ticketing increased by 10.1% and that from hotels and packages rose by 25.4%. Bus ticketing revenue grew by 20.8% while other revenue declined by 2.1%.
— Gross bookings increased by 20.3% year-over-year driven by double-digit growth in air ticketing, hotels and packages, and bus ticketing.
— Flight segments unit metrics in air ticketing rose by 15.3% to 11.65 million while room nights metrics in hotels and packages grew by 20.7% to 8.47 million.
— Room nights online unit metrics in standalone hotels jumped by 21.1% to 8.3 million and traveled tickets metrics in bus ticketing climbed by 31.6% to 21.34 million.
— As of December 31, 2019, the balance of cash and cash equivalents and term deposits on the balance sheet was $221.3 million.
Get access to timely and accurate verbatim transcripts that are published within hours of the event.
Most Popular
Mattel (MAT): A look at the toymaker’s expectations for the year
Shares of Mattel, Inc. (NASDAQ: MAT) were up slightly on Thursday. The stock has gained 20% year-to-date and 19% over the past three months. There is a level of optimism
Earnings Preview: Paychex likely to report higher Q1 revenue and profit
Paychex Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is all set to publish operating results for the first three months of fiscal 2024. The company has
DRI Earnings: Key quarterly highlights from Darden Restaurants’ Q1 2024 financial results
Darden Restaurants, Inc. (NYSE: DRI) reported first quarter 2024 earnings results today. Total sales increased 11.6% to $2.73 billion compared to the same period last year. Blended same-restaurant sales were
