Reports Q4 revenue $511.8M, consensus $38.12M. "We are pleased to have finished 2022 with full recovery of our marketplace net revenue, reaching 171% of our pre-Covid 2019 benchmark year’s net revenue, while the industry is still on the upswing at about 70% recovered," said CEO Prasad Gundumogula. "The current market trends and travel reopening tailwinds in the Asia markets, especially China, and other market upsides from the release of our nextGen platform and marketplace evolution, give us confidence to project 47% net revenue growth guidance for 2023 over our strong 2022 performance. Very importantly for our global growth trajectory, we continue to add strength to our significant portfolio of offerings and distribution with the recent acquisition of a leading B2B business in Brazil. We welcome the outstanding and proven Orinter team to the Mondee family and look forward to further rapid and profitable expansion in the LATAM market and globally".
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Read More on MOND:
- Mondee Announces Fourth Quarter and Full Year 2022 Preliminary Financial Results
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