MakeMyTrip Q2 Loss Narrows to $5.7M on NASDAQ

MakeMyTrip Reports $57 Million Loss in September Quarter

MakeMyTrip, the Nasdaq-listed online travel company, has announced its financial results for the quarter ending September. The company reported a loss of $57 million during this period.

The article states that MakeMyTrip’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at $25.2 million for the September quarter. This figure reflects an improvement compared to the same period in the previous year.

The company’s gross booking value (GBV) saw an increase of 9.7% year-on-year, reaching $2.05 billion. The reported revenue for the quarter was $175 million.

This financial performance comes as the travel industry continues its recovery. MakeMyTrip, a prominent player in the online travel booking space, is navigating the post-pandemic landscape with these results.

Key Points

• Loss of $57 million in the September quarter.
• Adjusted EBITDA of $25.2 million for the September quarter.
• Gross booking value (GBV) increased by 9.7% year-on-year to $2.05 billion.
• Reported revenue of $175 million for the quarter.

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