Logotype for Mondee Holdings Inc

Mondee Holdings (MOND) investor relations material

Mondee Holdings Q2 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Mondee Holdings Inc
Q2 2024 earnings summary14 Aug, 2024

Executive summary

  • Q2 2024 net revenues reached $58.3M, up 3% year-over-year, with adjusted EBITDA rising 38% to $6.1M and margin expanding to 10.5%.

  • Gross bookings were $678M, flat year-over-year, while transactions grew 57% to over 1.1 million.

  • Non-air revenue mix increased to 47%, reflecting strategic diversification and international expansion.

  • Net loss widened to $25.5M, including $19.1M in non-cash or non-recurring items; adjusted loss per share was $(0.17).

  • Comprehensive refinancing of term loan and preferred equity extended maturities, enhancing financial flexibility.

Financial highlights

  • Net revenues for Q2 were $58.3M, up 3% year-over-year; adjusted for acquisitions/divestitures, growth was 11.5%.

  • Adjusted EBITDA increased to $6.1M, with margin rising from 7.8% to 10.5%.

  • Take rate improved by 20 bps to 8.6%, driven by higher-margin hotel and packaged products.

  • Operating cash flow was negative $7.6M for Q2, but year-to-date operating and free cash flow were positive.

  • Cash and equivalents at quarter-end were $23.3M–$32.3M; total debt was $169.3M.

Outlook and guidance

  • FY 2024 net revenues are forecasted at $240M–$250M, a 10% increase at midpoint over 2023.

  • Adjusted EBITDA guidance for 2024 is $25M–$30M, up 42% at midpoint versus 2023.

  • Guidance reflects impact of working capital and FinTech credit constraints due to refinancing delays.

  • Long-term targets include mid-teens take rate and adjusted EBITDA margin of 30%+.

  • Liquidity position is expected to be sufficient for at least the next 12 months.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Mondee Holdings Inc. is a technology-driven travel services company that operates a marketplace platform for travel agents, gig economy workers, and other travel intermediaries. The company's platform provides access to a wide range of travel products, including flights, hotels, and rental cars, with a focus on delivering cost-effective solutions for both leisure and corporate travelers. Mondee leverages AI, machine learning, and data analytics to offer dynamic pricing and personalized travel experiences, aiming to modernize and streamline the travel booking process. The company is headquartered in Austin, Texas, and its shares are listed on the Nasdaq.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage