— 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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
