Mondee Cuts FY24 Outlook For Net Revenues From $250M - $260M To $240M - $250M, Est $255.087M
Portfolio Pulse from Benzinga Newsdesk
Mondee has revised its FY24 outlook, lowering its net revenue forecast from $250M-$260M to $240M-$250M, and its adjusted EBITDA from $30M-$35M to $25M-$30M. The new estimates still represent a 42% increase in adjusted EBITDA compared to 2023.
August 14, 2024 | 11:10 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Mondee has lowered its FY24 revenue and adjusted EBITDA outlook. The new revenue forecast is $240M-$250M, down from $250M-$260M, and adjusted EBITDA is now $25M-$30M, down from $30M-$35M. Despite the downgrade, the adjusted EBITDA still represents a 42% increase over 2023.
The downward revision in both revenue and adjusted EBITDA outlooks is likely to negatively impact investor sentiment in the short term. However, the fact that adjusted EBITDA is still expected to increase by 42% compared to 2023 may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100