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Stock impact report

Mondee Reports First Quarter 2024 Results [Yahoo! Finance]

Mondee Holdings, Inc. - Class A (MOND) 
Company Research Source: Yahoo! Finance
Q1 24 Take Rate of , up from the prior-year quarter - Raises 2024 Net Revenues Guidance AUSTIN, Texas, May 10, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading travel marketplace and artificial intelligence (AI) technology company, today announced financial results for the three-month period ended March 31, 2024. “Mondee is pleased to announce a strong start to 2024, with another record first fiscal quarter in both net revenues and adjusted EBITDA terms, with net revenues growth of 16% year over year. Take rate continued to grow by 10% year over year as a result of further expansion in product and geography of our marketplace, driven by our innovative AI tech platform. This allows us to increase our net revenue guidance for the year. Looking into the next few quarters, we continue to enhance and deploy Mondee's AI capabilities in every aspect of our business with exciting innovations in the pipeline,” said Founder, Chairman, and Show less Read more
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