Mondee Holdings Third Quarter 2023 Earnings: Misses Expectations

Simply Wall St

November 16, 2023

Mondee Holdings (NASDAQ:MOND) Third Quarter 2023 Results

Key Financial Results

Revenue: US$54.5m (up 38% from 3Q 2022).
Net loss: US$23.0m (loss narrowed by 65% from 3Q 2022).
US$0.29 loss per share (improved from US$0.89 loss in 3Q 2022).

earnings-and-revenue-growth — NasdaqGM:MOND Earnings and Revenue Growth November 16th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mondee Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 172%.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are up 25% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Mondee Holdings (including 1 which is concerning).

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.