Yatra Online Reports Q2 Revenue Decline Amidst Rising Gross Bookings
Yatra Online (YTRA) reported second-quarter financial results characterized by a significant revenue contraction, with revenue falling 39.1% year-over-year to $22.3 million. The company also posted a Non-GAAP earnings per share (EPS) loss of $2.61 for the period. Despite the decline in top-line revenue, Yatra saw growth in its core booking metrics. Gross Bookings rose 5.7% year-over-year and 3.2% sequentially to INR 21,654.6 million (approximately $226.0 million). This growth occurred despite a broader industry trend where domestic air traffic declined by roughly 6% year-over-year.
