Shares of online travel company MakeMyTrip (NASDAQ: MMYT) plummeted by 5.02% on Tuesday, despite the company reporting robust financial results for its fiscal second quarter of 2025.
MakeMyTrip reported a 26.5% year-over-year increase in revenue to $211 million, driven by strong growth in gross bookings, which surged 24.3% to $2.26 billion. The company's adjusted earnings per share (EPS) of $0.36 also beat analyst estimates of $0.33.
However, the revenue figure fell slightly short of analysts' expectations of $220.8 million, which may have contributed to the stock's decline. Despite the overall positive financial performance, investors appeared to be disappointed by the slight revenue miss, leading to a sell-off in MakeMyTrip's shares.
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