Mondee Holdings Inc (FRA:T5I0)
€ 1.43 -0.16 (-10.06%) Market Cap: 131.40 Mil Enterprise Value: 266.83 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 16/100
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Q2 2024 Mondee Holdings Inc Earnings Call Transcript

Aug 14, 2024 / 12:30 PM GMT
Release Date Price: €1.91 (-1.04%)

Key Points

Positve
  • Mondee Holdings Inc (MOND) reported a strong second quarter with a 38% year-over-year increase in adjusted EBITDA.
  • The company successfully refinanced its term loan and preferred equity at favorable terms, positioning it for long-term growth.
  • Mondee Holdings Inc (MOND) saw a 57% increase in transactions year-over-year, driven by international expansion.
  • The company improved its take rate by 20 basis points to 81.6%, reflecting a positive impact from its product mix expanding into non-air.
  • Mondee Holdings Inc (MOND) is making significant progress in AI-driven optimization, which has reduced sales and marketing expenses by 5%.
Negative
  • The company experienced industry softening by the end of the second quarter, which is expected to continue into 2025.
  • Certain regions faced disruptive events such as catastrophic flooding in South America and re-escalating Middle East conflict, affecting travel.
  • Global inflation and economic conditions are leading to increased bargain hunting, even among higher-income consumers.
  • Mondee Holdings Inc (MOND) faced working capital constraints, impacting its ability to fully capitalize on market opportunities.
  • The delay in refinancing affected the company's ability to fully utilize its credit limits, resulting in lower fintech revenue.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MOND.OQ - Mondee Holdings Inc
Q2 2024 Mondee Holdings Inc Earnings Call
Aug 14, 2024 / 12:30PM GMT

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Conference Call Participants
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* Jeff Houston
* Prasad Gundumogula
* James Dullum
* Jesus Portillo
* Mike Grondahl
* Thomas Senske
* Orestes Fintiklis

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Presentation
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Operator [1]
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Good day, and welcome to the Mondee Second Quarter 2024 Earnings Conference Call. Please note this event is being recorded. I will now like to turn the conference call over to Jeff Houston, Senior Vice President. Jeff, please go ahead.

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Jeff Houston, [2]
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Thank you, Kayla, and good morning to
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