MakeMyTrip announced a YoY increase of 220.5% in revenue for the quarter ended September 30, 2021, slowly recovering from the global COVID-19 pandemic.
Gross Bookings in 2Q22 reached $734.1 million versus $213.0 million in 2Q21 and $286.7 million in 1Q22.
Revenue was $67.5 million for 2Q22 versus $21.1 million for 2Q21 and $32.8 million in 1Q22.
Air Ticketing Revenue increased by 95.9% to $21.3 million.
Hotels and Packages Revenues increased by 663.7% to $33.5 million.
Bus Ticketing Revenue increased by 216.2% to $8.4 million.
Other Revenue increased by 36.2% to $4.3 million.
Results from Operating Activities was a loss of $8.0 million in 2Q22 versus a loss of $26.1 million in 2Q21 and $19.5 million in 1Q22, reflecting an improvement of $18.1 million YoY and $11.5 million QoQ.
“Entering the peak festive season in India, we are optimistic about the expected ongoing recovery of travel demand in the quarters to come and will continue to leverage our highly variable and more efficient fixed cost structure to maintain our leading position in the travel market in India.”said Deep Kalra, Group Executive Chairman.