- Yatra Online, Inc (NASDAQ:YTRA) stock jumped upwards after it reported fourth-quarter adjusted revenue growth of 93.3% year-on-year to $23.1 million, beating the consensus of $12.8 million.
- The increase in revenue was primarily due to a recovery in the consumer and corporate travel business.
- Adjusted revenue from the Air Ticketing business increased 118.7% Y/Y to $17.8 million. The Hotels and Packages business revenue increased by 49.3% Y/Y to $3.3 million.
- Total Gross Bookings (Air Ticketing, Hotels and Packages, and others) totaled $217 million, representing an increase of 56.1 Y/Y.
- Adjusted EBITDA was $2.3 million, reflecting an increase of 251% Y/Y.
- Adjusted EPS of $0.01 beat the consensus loss of $(0.02).
- Yatra Online held $13.3 million in cash and equivalents.
- The company remained optimistic about its Indian IPO plans.
- Price Action: YTRA shares traded higher by 2.53% at $1.99 on the last check Tuesday.
Why Yatra Online Shares Are Ticking Higher Today
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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Risk Disclaimer
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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