Yatra Online, Inc. (YTRA) Reports Q2 Revenues Beat

Yatra Online, Inc. (NASDAQ: YTRA) reported Q2 revenue for the quarter came in at $28.9 million versus the consensus estimate of $23.74 million.

"Our multi channel approach enabled us to deliver another quarter of strong growth with a reduction in our Adjusted EBITDA(2) loss in the quarter. Our consumer business and our business travel platform both continue to deliver strong Adjusted Revenue(1) growth while a combination of improved efficiency on our marketing spends and optimisation of our cost base helped us reduce our Adjusted EBITDA(2) loss. The integration of the Air Travel Bureau Limited ("ATB") acquisition continues on track and we expect about half of ATB's customers to migrate onto the Yatra platform by the end of the year. We remain confident of our ability to meet our fiscal year growth objectives and deliver a meaningful year over year reduction in our Adjusted EBITDA(2) loss." — Dhruv Shringi, Co-founder and CEO.

For earnings history and earnings-related data on Yatra Online, Inc. (YTRA) click here.

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