India's Easy Trip loses booking war with MakeMyTrip in key holiday quarter [Yahoo! Finance]
MakeMyTrip Limited - Ordinary Shares (MMYT)
Last makemytrip limited - ordinary shares earnings: 2/11 06:25 am
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Source: Yahoo! Finance
bookings dropped during a seasonally strong holiday quarter, for which rival MakeMyTrip posted record-high bookings. Easy Trip's revenue rose 18% to 1.61 billion rupees ($19.4 million) for the third quarter ended Dec. 31. Its revenue has doubled in nearly every quarter since it went public in early 2021, before growth slowed to 42% and then to 31% in the previous two quarters. India's travel industry is thriving, with demand for air, road and rail travel as well as for hotels booming fuelled by rising disposable incomes. But online travel aggregators are locked in a battle to win customers, with analysts saying that MakeMyTrip has lower charges and better service. The Nasdaq-listed MakeMyTrip posted its highest-ever quarterly gross bookings, revenue and profit for the October-December period on robust demand for leisure travel. On the other hand, Easy Trip's gross booking revenue -- the total value of bookings before accounting for fees and charges -- declined nearly 11% for t
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MMYT
Earnings
- 1/24/24 - Beat
MMYT
Sec Filings
- 3/1/24 - Form 144
- 2/16/24 - Form 144
- 2/16/24 - Form 144
- MMYT's page on the SEC website