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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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