Mondee Holdings Inc · Q3 2023 earnings

Briefing

Reported robust growth with record profitability and cash flow generation.

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.

Headline financials

Revenue & EPS history

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.