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India's online travel company MakeMyTrip announced its unaudited financial and operating results for its quarter ended December 31, 2017. Key highlights in the quarter * Room nights for MMT India Standalone Hotels – Online increased by 166.3% YoY. “Our fiscal third quarter financial results reflect our focus on delivering strong growth with improving operational efficiencies,” said Deep Kalra, Group Chairman and Group CEO. “We continued to leverage our scale and multi brand strategy to broaden our reach to customers and deliver highly differentiated travel services.” 2018 Q3 Financial Results Revenue: We generated revenue of $172.5 million in the quarter ended December 31, 2017, an increase of 39.9% (36.0% in constant currency) over revenue of $123.2 million in the quarter ended December 31, 2016. Air Ticketing: Revenue from our air ticketing business increased by 5.9% (2.8% in constant currency) to $40.5 million in the quarter ended December 31, 2017 from $38.2 million in the quarter ended December 31, 2016. Hotels and Packages: Revenue from our hotels and packages business increased by 38.4% (34.1% in constant currency) to $113.7 million in the quarter ended December 31, 2017, from $82.2 million in the quarter ended December 31, 2016. Other Revenue: Our other revenue increased to $18.3 million in the quarter ended December 31, 2017 from $2.9 million in the quarter ended December 31, 2016. Profit (Loss): As a result of the foregoing factors, our loss for the quarter ended December 31, 2017 was $45.3 million as compared to a profit of $16.6 million in the quarter ended December 31, 2016. |
