MakeMyTrip (NASDAQ: MMYT) saw its shares tumble 5.83% in pre-market trading on Tuesday, following the release of its quarterly earnings report. The online travel company's stock decline comes despite reporting revenue growth and positive earnings per share for the quarter.

According to the earnings release, MakeMyTrip posted quarterly revenue of $254.5 million and earnings per share of $0.19. The company also reported that its gross bookings increased by 12.4% year-over-year to $2,608.5 million in the first quarter of fiscal year 2026.

The pre-market sell-off suggests that investors may have had higher expectations for the company's performance or are concerned about other factors not immediately apparent in the headline numbers. It's possible that guidance for future quarters, if provided, or other details in the full earnings report could be influencing the negative stock reaction. Analysts and investors will likely be scrutinizing the complete financial results and any management commentary for further insights into the company's outlook and the reasons behind the stock's downward movement.