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01/11 03:19
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Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
The earnings call highlights strong financial performance, with record high operating profits and gross booking values, alongside strategic expansion into new markets. Despite some competitive pressures and geopolitical impacts, management's optimistic guidance and focus on AI and technology investments suggest potential growth. The lack of a share buyback program is a slight drawback, but overall, the positive growth metrics and strategic initiatives indicate a likely positive stock price movement.
Gross Booking Value (GBV) $9.8 billion, a year-on-year growth of 25.9% in constant currency terms.
Adjusted Operating Profit $167.3 million, a year-on-year growth of 34.7%.
Q4 Gross Booking Value Growth 30.4% year-on-year in constant currency terms.
Q4 Adjusted Operating Profit Growth 37.9% year-on-year.
Customer Base Added more than 9 million customers, bringing the total to 82 million.
Repeat Rate 70% plus rate in the quarter.
New Product: Myra.ai, a trip planning chatbot, has evolved into a powerful interface capable of orchestrating seamless interactions across other AI bots for products like flights, hotels, ground transport, and destination discovery.
Market Expansion: Added more than 9 million customers, taking the lifetime transacted user base to 82 million, with significant growth from Tier 2 and Tier 3 towns.
Operational Efficiency: Adjusted operating profit reached an all-time high of $167.3 million, with a year-on-year growth of 34.7%.
Gross Booking Value: Recorded a gross booking value of $9.8 billion for the year, with a year-on-year growth rate of 25.9% in constant currency terms.
Q4 Performance: For Q4, gross booking value growth accelerated to 30.4% year-on-year in constant currency terms, and adjusted operating profit grew at a rate of 37.9% year-on-year.
Strategic Shift: Focus on deepening brand penetration into Tier 2 and Tier 3 towns, indicating a strategic shift towards expanding market reach.
Competitive Pressures: The company faces increasing competition in the travel industry, particularly from emerging online travel agencies and traditional travel service providers.
Regulatory Issues: Potential regulatory changes in the travel sector could impact operational flexibility and compliance costs.
Supply Chain Challenges: Supply chain disruptions, particularly in the travel and hospitality sectors, may affect service delivery and customer satisfaction.
Economic Factors: Fluctuations in economic conditions, including inflation and consumer spending patterns, could impact travel demand and overall business performance.
Gross Booking Value: Recorded a gross booking value of $9.8 billion for the year with a year-on-year growth rate of 25.9% in constant currency terms.
Adjusted Operating Profit: Adjusted operating profit reached an all-time high of $167.3 million, with a year-on-year growth of 34.7%.
Customer Growth: Added more than 9 million customers, increasing the lifetime transacted user base to 82 million.
GenAI Initiative: Launched Myra.ai, a trip planning chatbot that integrates with other AI bots for seamless user interactions.
Q4 Gross Booking Value Growth: Gross booking value growth accelerated to 30.4% year-on-year in constant currency terms.
Q4 Adjusted Operating Profit Growth: Adjusted operating profit for Q4 grew at a rate of 37.9% year-on-year.
Repeat Customer Rate: Maintained a healthy repeat customer rate of over 70%.
Share Buyback Program: None
The earnings call highlights strong growth in international air ticketing and hotel revenue, positive cash flow, and a robust cash position. Despite increased marketing expenses, margins are stable, and the company is optimistic about GST benefits boosting demand. Although no stock repurchase occurred, the extended buyback program is positive. Guidance for 20% growth in adjusted margins and expansion in ancillary services are promising. While there are concerns about negative net income due to finance costs and vague management responses, the overall sentiment is positive, supported by optimistic market growth prospects and strategic initiatives.
The earnings call summary indicates strong financial performance with record high adjusted operating profit and significant revenue growth. The Q&A section reveals confidence in achieving growth targets and improving consumer sentiment. Management's optimistic outlook on international growth and ancillary services, along with a focus on AI initiatives, suggests positive future prospects. While there are minor concerns, such as unclear buyback policy and temporary air supply issues, the overall sentiment remains positive, likely leading to a stock price increase in the short term.
The earnings call highlights strong financial performance, with record high operating profits and gross booking values, alongside strategic expansion into new markets. Despite some competitive pressures and geopolitical impacts, management's optimistic guidance and focus on AI and technology investments suggest potential growth. The lack of a share buyback program is a slight drawback, but overall, the positive growth metrics and strategic initiatives indicate a likely positive stock price movement.
The company demonstrated strong financial performance with significant revenue and profit growth, despite geopolitical and supply chain challenges. The positive market sentiment is further supported by a share repurchase program and optimistic growth expectations. Management's strategy to leverage AI and maintain competitive advantage is well-received, and their focus on maintaining margins and growth trajectory aligns with investor interests. The Q&A section indicates confidence in overcoming temporary issues, and the ongoing recovery in travel sentiment is a positive sign for the near future.
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