Oct. 28 at 11:21 AM
$MMYT
🚨 🚨 🚨
Adjusted EPS:
$0.37 per share, significantly exceeding the analyst consensus of
$0.19.
Revenue:
$229.3 million, missing the consensus estimate of
$261.37 million. This still represented an 8.7% year-over-year increase, or 12.6% in constant currency.
Adjusted Operating Profit:
$44.2 million, an increase of 17.9% compared to the same period last year.
GAAP basis: The company reported a net loss of
$5.7 million for the quarter, compared to a profit of
$17.9 million a year ago. This was primarily due to higher finance costs.
Segment performance: The miss on revenue occurred despite strong growth in the bus ticketing and hotels segments. The air ticketing business showed stable performance in constant currency.
