U.S. shares of India's MakeMyTrip down as Q3 loss widens

MakeMyTrip

25/01/2022 16:38

** U.S.-listed shares of India-based online travel agency
MakeMyTrip  MMYT.O  fall as much as 5% to $23.95 after Q3 loss
per share widens
    ** Stock last down 2.3%, on course for fifth straight
session of losses
    ** MMYT posts Q3 loss per share of $0.08 vs loss of $0.03 a
year ago, partly due to increased personnel and marketing
expenses  urn:newsml:reuters.com:*:nGNE36PKQg
    ** Posts Q3 loss of $9 mln vs loss of $3.5 mln a year ago 
    ** However, co says Q3 revenue rose 70.5% to $115 mln and
gross bookings rose 57.4% to $1.16 bln 
    ** Gradual lifting of travel restrictions in India and
increase in domestic airline capacity resulted in improved
results across operating segments - co
    ** Shares of MMYT fell ~6% last year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com))