Categories Earnings, Leisure & Entertainment

MakeMyTrip (NASDAQ: MMYT): Q3 2020 Earnings Snapshot

— 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.

Earnings Update by AlphaStreet

— 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.

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