Reports Q3 revenue $170.5M, consensus $170.03M. Gross Bookings reached $1,738.2 million in 3Q23 versus $1,155.7 million in 3Q22. Air Ticketing Revenue improved to $38.4 million in 3Q23 versus $27.4 million in 3Q22. "Positive consumer sentiment and peak seasonality on the back of festivals and holidays led to improved travel demand during this quarter. As a result, we recorded our highest ever quarterly Gross Bookings and Adjusted Operating Profit. Strong growth across air, hotels and bus bookings reaffirms our position as a trusted travel super-app in India," said Rajesh Magow, Group CEO.
Published first on TheFly
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