NASDAQ$MOND
Mondee Holdings Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Mondee's net revenue, take rate, and adjusted EBITDA increased year over year, with adjusted EBITDA rising by 38%.
Mondee reported a strong second quarter with net revenue of $58.3 million, a 3% increase year-over-year. The company's adjusted EBITDA increased by 38% to $6.1 million, and the take rate improved by 20 basis points to 8.6%. The company is also refinancing its term loan and preferred equity to secure favorable terms for long-term growth.
- Net revenues increased by 3% year-over-year to $58.3 million.
- Adjusted EBITDA increased by 38% year-over-year to $6.1 million.
- Take rate increased by 20 basis points year-over-year to 8.6%.
- The company is refinancing its term loan and preferred equity to secure favorable terms for long-term growth.
Headline financials
Revenue & EPS history
Mondee · Revenue · Quarterly
$58.3M
Forward guidance
Mondee adjusted its fiscal year 2024 guidance due to the impact of working capital and FinTech credit limit constraints caused by delays in completing the refinancing.
Tailwinds
- Net revenues of approximately $240 million to $250 million, representing an increase of 10% versus 2023 net revenues, measured at the midpoint.
- Adjusted EBITDA of approximately $25 million to $30 million, representing an increase of 42% versus 2023 Adjusted EBITDA, measured at the midpoint.
Headwinds
- The revised guidance reflects the impact of working capital and FinTech credit limit constraints.
- Delays in completing the refinancing caused the constraints.
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