Quantcast
Digital Booking Sites

MakeMyTrip Q2 Revenues Grow Amidst Executive Shake-Up in India

Excerpt from Tech in Asia

Aug 08, 2013 10:59 am

Skift Take

MakeMyTrip is growing on the back of a booming travel and e-commerce market in India, but its stock remains significantly lower than the $39 per share available after the company’s NASDAQ debut.

— Samantha Shankman

Free Report: Social Media Trends for Tourism Boards

The Changing Business of Extended-Stay Hotels

Indian online travel booking site MakeMyTrip has wheeled out its latest quarterly financials. The data (called Q1 2014 in the financials, but it’s Q2 2013 for normal people) shows that mounting costs caused the company, India’s leading travel e-tailer, to book $9 million in losses on the back of $77.2 million in revenues. That’s grown from a net loss of $0.8 million a year ago.

While revenues were up 22.9 percent year-on-year, the more important figure of ‘revenue less service costs’ was a mere $26 million in that quarter. At least that was up 11.2 percent from the previous year.

Download (PDF, 502KB)

Read the Complete Story →

Tags:

Next Up

More on Skift

Marriott Wants to Be an Incubator for Culinary Entrepreneurs
6 Aviation Trends We’re Tracking at Skift This Week
5 New Travel Startups That Give Travelers the Freedom to Have Fun
Watch This Free Webinar on Using Twitter to Increase Travel and Tourism