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Sep 30, 2023
Mondee Q3 2023 Earnings Report
Reported robust growth with record profitability and cash flow generation.
Key Takeaways
Mondee reported a strong Q3 2023 with a 35% increase in net revenue to $54.5 million and a 54% increase in Adjusted EBITDA to $5.5 million. The company's take rate also increased by 31% to 9.1%. They also acquired Purplegrids, an AI platform, on November 13, 2023.
Net revenue increased by 35% year-over-year to $54.5 million.
Adjusted EBITDA increased by 54% year-over-year to $5.5 million.
Take Rate increased by 31% year-over-year to 9.1%.
Acquired Purplegrids, a leading AI-platform, on November 13, 2023.
Mondee
Mondee
Forward Guidance
Mondee anticipates continued growth and profitability, driven by technological innovation, expansion of distribution and content, and synergies from recent acquisitions. The company expects approximately $210 million in net revenue and $25 million in adjusted EBITDA for fiscal year 2023.
Positive Outlook
- Continued technological innovation.
- Expansion of distribution and content.
- Realization of synergies from acquisitions.
- Net revenue of approximately $210 million is expected.
- Adjusted EBITDA of approximately $25 million is expected.