Why Yatra Online Shares Are Ticking Higher Today
Portfolio Pulse from Anusuya Lahiri
Yatra Online (NASDAQ:YTRA) reported Q4 adjusted revenue growth of 93.3% YoY to $23.1 million, beating the consensus of $12.8 million. The increase was due to a recovery in consumer and corporate travel business. Adjusted EBITDA was $2.3 million, up 251% YoY, and adjusted EPS of $0.01 beat the consensus loss of $(0.02).
May 30, 2023 | 3:49 pm
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Yatra Online's Q4 adjusted revenue grew 93.3% YoY, beating expectations. The growth was driven by recovery in the travel business, and the stock traded higher by 2.53%.
Yatra Online's Q4 adjusted revenue growth of 93.3% YoY exceeded expectations, primarily due to the recovery in the consumer and corporate travel business. This positive news led to an increase in the stock price by 2.53%, indicating a short-term positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100