Home > Online > MakeMyTrip revenue decreased to $137.4 million in 1Q 2019

MakeMyTrip revenue decreased to $137.4 million in 1Q 2019

08/14/2018| 8:15:43 PM| 中文

For the first fiscal quarter ended June 30, 2018, revenue decreased to $137.4 million, Flight segments for Air ticketing business increased by 17.1% YoY.

India’s leading online travel company MakeMyTrip Limited today announced its unaudited financial and operating results for its first fiscal quarter ended June 30, 2018.

Key Highlights

* Gross Bookings increased 26.7% YoY in 1Q19 to USD1.4 billion.

* Adjusted Revenue increased 25.0% YoY in 1Q19 to USD170.1 million.

* Flight segments for Air ticketing business increased by 17.1% YoY.

* Room nights for MMT India Standalone Hotels – Online increased by 18.1% YoY.

 “The strong financial performance during the quarter reflects our success in the ongoing pursuit of high business growth with continued cost optimization.” said Deep Kalra, Group Chairman and Group CEO. “By leveraging our multiple brands and introducing relevant product and technology innovations, we have been able to achieve greater loyalty from existing customers as well as welcome many first time internet users onto our booking platforms across India.”

Fiscal 2019 First Quarter Financial Results

Revenue: The company generated revenue of USD137.4 million in the quarter ended June 30, 2018. Effective April 1, 2018. The revenue for the quarter ended June 30, 2017 stood at USD192.1 million.

Adjusted Revenue: Total Adjusted Revenue increased by 20.4% (25.0% in constant currency) to USD170.1 million in the quarter ended June 30, 2018 from USD141.2 million in the quarter ended June 30, 2017

Air Ticketing: Revenue from air ticketing business was USD40.4 million in the quarter ended June 30, 2018. Revenue from air ticketing business in the quarter ended June 30, 2017 was USD41.3 million.

Hotels and Packages: Revenue from hotels and packages business was USD76.3 million in the quarter ended June 30, 2018. Revenue from hotels and packages business in the quarter ended June 30, 2017 was USD134.6 million.

Bus Ticketing: Revenue from bus ticketing business was USD15.1 million in the quarter ended June 30, 2018. Revenue from bus ticketing business in the quarter ended June 30, 2017 was USD13.0 million.

Other Revenue: Other revenue in the quarter ended June 30, 2018 was USD5.6 million. Other revenue in the quarter ended June 30, 2017 was USD3.2 million.

Loss: Loss for the quarter ended June 30, 2018 was USD51.2 million as compared to a loss of USD68.5 million in the quarter ended June 30, 2017.

Read Original Report 

TAGS: MakeMyTrip | OTA | financial statement
©2017 广州力矩资讯科技有限公司 粤ICP备06070077号-2
Tell us more about yourself!