MakeMyTrip Reports Stronger-Than-Expected Non-GAAP EPS but Misses Revenue Estimates
MakeMyTrip (NASDAQ: MMYT) reported Q1 non-GAAP earnings per share of $0.53, which exceeded estimates by $0.10. However, the company's revenue came in at $285.5 million, missing expectations by $6.64 million despite a 6.2% year-over-year increase. Gross bookings for the quarter rose significantly to $2,854.7 million, reflecting strong demand growth of nearly 19.9%. The mixed results highlight resilience in booking activity but underscore some near-term revenue challenges. The travel sector has seen recent momentum due to lower oil prices and improved outlooks for cruise operators and online booking platforms. Analysts remain cautiously optimistic about MakeMyTrip's long-term prospects, with Seeking Alpha’s Quant Rating offering a nuanced view of the stock's potential.
Tickers: $MMYT
Topics: financials revenue growth travel industry