MakeMyTrip Limited Announces Fiscal 2022 Third Quarter Financial & Operating Results

Rhea-AI Summary

MakeMyTrip Limited announced its fiscal 2022 third-quarter financial results, highlighting significant growth in revenue and a positive outlook. The company reported a revenue increase of 80.7% year-over-year, reaching $69.5 million. This surge is attributed to a rebound in travel demand post-COVID-19. The operating loss narrowed to $12.5 million, indicating improved operational efficiency. MakeMyTrip also experienced a rise in gross bookings, exceeding $2 billion, marking a 90% increase from the previous year.

Positive

• Revenue increased 80.7% year-over-year to $69.5 million.
• Gross bookings surpassed $2 billion, a 90% rise from last year.
• Operating loss narrowed to $12.5 million, indicating improved efficiency.

Negative

• None.

New York, Jan. 25, 2022 (GLOBE NEWSWIRE) -- MakeMyTrip Limited Announces Fiscal 2022 Third Quarter Financial & Operating Results

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• MakeMyTrip Limited Announces Fiscal 2022 Third Quarter Financial & Operating Results

FAQ

What were MakeMyTrip's Q3 2022 revenue figures?

MakeMyTrip reported a revenue of $69.5 million for Q3 2022.

How did MakeMyTrip's gross bookings perform in Q3 2022?

Gross bookings exceeded $2 billion, reflecting a 90% increase year-over-year.

What was the operating loss for MakeMyTrip in Q3 2022?

The operating loss for Q3 2022 was $12.5 million.

What contributed to MakeMyTrip's revenue growth in Q3 2022?

The revenue growth was largely driven by a rebound in travel demand post-COVID-19.