MakeMyTrip (MMYT) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - MakeMyTrip (MMYT) reported revenue of $295.69 million for the quarter ended December 2025, reflecting a year-over-year increase of 10.6% [1] - The earnings per share (EPS) was $0.52, up from $0.39 in the same quarter last year, resulting in an EPS surprise of +33.33% against the consensus estimate of $0.39 [1] - However, the revenue fell short of the Zacks Consensus Estimate of $313.62 million by -5.72% [1] Financial Performance Metrics - Gross Bookings for Air Ticketing reached $1.53 billion, slightly below the estimated $1.55 billion [4] - Gross Bookings for Hotels and Packages were $750.44 million, compared to the average estimate of $794.59 million [4] - Gross Bookings for Bus Ticketing amounted to $420.6 million, close to the estimated $421.52 million [4] - Total Gross Bookings were $2.78 billion, falling short of the $2.8 billion estimate [4] Adjusted Margins - Adjusted Margin for Air Ticketing was $107.88 million, exceeding the estimate of $106.75 million [4] - Adjusted Margin for Others was $27.53 million, surpassing the average estimate of $23.8 million [4] - Adjusted Margin for Bus Ticketing was $42.41 million, below the estimated $44.05 million [4] - Adjusted Margin for Hotels and Packages was $133.18 million, lower than the average estimate of $143.03 million [4] Stock Performance - Shares of MakeMyTrip have declined by -12.8% over the past month, while the Zacks S&P 500 composite decreased by -0.4% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]