Stock Track | MakeMyTrip Plunges 7.13% in Pre-Market After Q3 Revenue Miss

Stock Track

01/21

MakeMyTrip's stock plummeted 7.13% in pre-market trading, reflecting investor disappointment following the company's fiscal Q3 earnings release.

The online travel platform reported revenue of $295.7 million for the quarter, falling short of the FactSet consensus estimate of $304.1 million. This revenue miss overshadowed other positive metrics, including an 11.8% year-over-year increase in gross bookings to $2.78 billion and an adjusted EPS of $0.52.

While the company showed growth in key segments like air ticketing and hotels, the weaker-than-expected top-line performance appears to have driven the pre-market selloff.

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