Mondee Holdings Inc

Mondee Holdings Inc. is a travel technology, service, and content company that drives disruptive innovative change in the leisure and corporate travel markets. The firm delivers a revolutionary technology platform of SaaS, mobile, and cloud products and services. It connects a network of 50,000+ leisure travel advisors and gig economy workers to 500+ airlines and over 1 million hotel and vacation rentals, packaged solutions, and ancillary offerings. The company was founded by Prasad Gundumogula in 2011 and is headquartered in Austin, TX.

Earnings data Q2 2022

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Mondee reports strong Q1 earnings, expands into Latin America

Mondee's Q1 2023 earnings call showcased robust financial performance, strategic acquisitions, and initiatives to align with evolving travel trends. While the company faces challenges in the international travel recovery and effective communication of its growth strategy, it is well-positioned to capitalize on significant growth opportunities in 2023.

Mondee reports robust Q2 earnings, faces challenges in changing travel trends

Mondee's Q2 2023 earnings call highlighted strong financial performance, strategic acquisitions, and a focus on disruptive AI technology. While facing challenges related to pandemic recovery and changing travel trends, the company is well-positioned to capitalize on opportunities presented by targeting new customer segments and deploying innovative marketing strategies.

Mondee reports robust Q3 growth, focuses on AI-driven future

Mondee's Q3 2023 performance reflects strong growth and a strategic focus on AI-driven solutions. While facing challenges related to divestitures and methodology changes, the company is well-positioned to capitalize on opportunities in core and emerging business sectors. The commitment to enhancing EBITDA and implementing AI-driven growth highlights a forward-looking strategy.

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Mondee Holdings Inc. is a travel technology company, which engages in the provision of a state-of-the art platform, technologies, apps, operating systems, and technology-enabled services that seamlessly facilitate travel transactions to serve travelers through travel affiliates and emerging channels. It operates through the Travel Marketplace and SAAS Platform segments. The Travel Marketplace segment is involved in the selling of airline tickets through a proprietary platform. The SAAS Platform segment offers corporate travel cost savings solutions through its own technology platform. The company was founded by Prasad Gundumogula in 2011 and is headquartered in Austin, TX.

AUSTIN, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading artificial intelligence (AI) travel technology company and marketplace with a portfolio of global platforms in the leisure and corporate travel sectors, announced that it will report first quarter 2024 financial results for the period ended March 31, 2024, on Friday, May 10, 2024 via an earnings release and accompanying webcast.

Mondee to Report First Quarter 2024 Financial Results on May 10, 2024

Mondee Holdings, Inc. (MOND) Q4 2023 Earnings Call Transcript

- Record Net Revenues and Adjusted EBITDA, exceeding guidance - Q4 23 Net Revenues of $ 61.1 M, up 78% from prior-year quarter, on Gross Bookings of $ 619 M - Q4 23 Adjusted EBITDA of $ 6.9 M, up 338% from prior-year quarter - Q4 23 Take Rate of 9.9% , up 44% from prior-year quarter

Mondee Reports Preliminary Unaudited Q4 & FY 2023 Results

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AUSTIN, Texas, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading artificial intelligence (AI) travel technology company and marketplace with a portfolio of global platforms in the leisure and corporate travel sectors, announced that it will report fourth quarter and full year 2023 financial results for the period ended December 31, 2023, on Thursday, March 14, 2024 via an earnings release and accompanying webcast. The Company will host the live audio webcast at 5:30 a.m.

Mondee to Report Fourth Quarter and Full Year 2023 Financial Results on March 14, 2024

AUSTIN, Texas, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading artificial intelligence (AI) travel technology company and marketplace with a portfolio of global platforms in the leisure and corporate travel sectors, announced that Executive Vice Chairman Orestes Fintiklis, Chief Operating Officer Jim Dullum, and SVP Jeff Houston will present and host one-on-one meetings at the following investor and industry conferences. The Citizens JMP Technology Conference, San Francisco, CA Date: March 5th, 2024Presentation: 2:00 p.m.

Mondee to Participate in Investor Conferences in March 2024

Mondee Holdings, Inc. (MOND) Presents at 26th Annual Needham Growth Conference, NYC Transcript

AUSTIN, Texas, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading artificial intelligence (AI) travel technology company and marketplace with a portfolio of global platforms in the leisure and corporate travel sectors, announced that Executive Vice Chairman Orestes Fintiklis and SVP Jeff Houston will present and host one-on-one meetings at the 26th Annual Needham Growth Conference.

Mondee to Participate in 26th Annual Needham Growth Conference

Five prominent investment banks now provide institutional research coverage on Mondee Five prominent investment banks now provide institutional research coverage on Mondee

Morgan Stanley Initiates Research Coverage on Mondee

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Mondee Holdings, Inc. (NASDAQ:MOND ) Q3 2023 Earnings Conference Call November 14, 2023 8:30 AM ET Company Participants Jeff Houston - Senior Vice President Prasad Gundumogula - Founder, Chairman & Chief Executive Officer Jim Dullum - Chief Operating Officer Orestes Fintiklis - Executive Vice President Jesus Portillo - Chief Financial Officer Conference Call Participants Darren Aftahi - ROTH MKM Brett Knoblauch - Cantor Fitzgerald Mike Grondahl - Northland Securities Operator Good day, and welcome to the Mondee Third Quarter 2023 Earnings Conference Call. Please note, this event is being recorded.

Mondee Holdings, Inc. (MOND) Q3 2023 Earnings Call Transcript

Mondee Holdings, Inc. (MOND) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.06 per share a year ago.

Mondee Holdings, Inc. (MOND) Reports Q3 Loss, Misses Revenue Estimates

- Q3 23 Net Revenue of $54.5M, up 35% from prior-year quarter, on Gross Bookings of $597 M - Q3 23 Adjusted EBITDA of 5.5 M, up 54% from prior-year quarter - Q3 Take Rate of 9.1% , up 31% from prior-year quarter - Acquired leading AI-platform, Purplegrids, on November 13, 2023

Mondee Q3 2023 Results: Robust Growth with Record Profitability and Cash Flow Generation

AUSTIN, Texas, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), the high-growth, travel technology company and marketplace, with a portfolio of globally recognized platforms in the leisure and corporate travel sectors, today announced that it will report third quarter 2023 financial results for the period ended September 30, 2023, on Tuesday, November 14, 2023 via an earnings release and accompanying webcast. The Company will host the live audio webcast at 5:30 a.m.

Mondee to Report Third Quarter 2023 Financial Results on November 14, 2023

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AUSTIN, Texas, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), the high-growth, travel technology company and marketplace, with a portfolio of globally recognized platforms in the leisure and corporate travel sectors, today announced the increase of its existing Preferred Equity Financing by up to $15 million. Consequently, the Company's Board of Directors has authorized a $10 million expansion of the Company's on-going share repurchase program, bringing the total size of the common stock repurchase program authorized by the Board of Directors to up to $40 million. All other terms of the repurchase program remain unchanged.

Mondee Enhances Capital Structure with Additional Preferred Equity, Expands Share Repurchase Program to up to $40 Million

AUSTIN, Texas--(BUSINESS WIRE)---- $MOND #AIinTravel--Mondee is unveiling a new brand identity that reflects the company's adventurous spirit and dedication to offering unparalleled travel experiences.

Mondee Unveils Striking New Brand Identity as the Company Leverages AI to Elevate and Empower the Travel Journey

AUSTIN, Texas, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), the high-growth, travel technology company and marketplace, with a portfolio of globally recognized platforms in the leisure and corporate travel sectors, today announced that its Board of Directors has approved an inaugural share repurchase program with authorization to purchase up to $30 million of its outstanding shares of common stock, effective immediately.

Mondee Announces Inaugural Share Repurchase Program of Up to $30 Million

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Mondee Appoints Travel Luminary Jeff Clarke to Board of Directors

AUSTIN, Texas, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), the high-growth, travel technology company and marketplace, with a portfolio of globally recognized platforms in the leisure and corporate travel sectors, announced today that Orestes Fintiklis, Vice Chairman and Chief Corporate Strategy and Business Development Officer, will participate in a fireside chat at the Citi 2023 Global Technology Conference in New York City.

Mondee to Participate in Fireside Chat at Citi's 2023 Global Technology Conference

The AI travel tech company announced another acquisition to broaden its global reach. The company also announced financial results for the second quarter, which revealed a wider loss on the bottom line.

Why Mondee Holdings Stock Fell This Week

Mondee Holdings, Inc. (MOND) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.03 per share a year ago.

Mondee Holdings, Inc. (MOND) Reports Q2 Loss, Tops Revenue Estimates

Mondee Holdings, Inc. (NASDAQ:MOND ) Q2 2023 Earnings Conference Call August 15, 2023 8:30 AM ET Company Participants Jeff Houston – Senior Vice President Prasad Gundumogula – Founder, Chairman and Chief Executive Officer Jesus Portillo – Chief Financial Officer Orestes Fintiklis – Vice Chairman, Chief Strategy and Business Development Officer Jim Dullum – Chief Operating Officer Conference Call Participants Darren Aftahi – ROTH MKM Nick Jones – JMP Securities Brett Knoblauch – Cantor Fitzgerald Mike Grondahl – Northland Securities Operator Good day, and welcome to the Mondee Second Quarter 2023 Earnings Conference Call. Please note, this event is being recorded.

Mondee Holdings, Inc. (MOND) Q2 2023 Earnings Call Transcript

- Q2 23 Gross Revenue of ~$ 708 M 1 , 112% of Q2 2022 - Q2 23 Net Revenue of ~$ 56.8 M 1 , 124% of Q2 2022 - Q2 23 Adjusted EBITDA of $ 4.4 M 1 , 118% of Q2 2022 - Increases 2023 Net Revenue Guidance to $ 245 -$ 250 M, representing 155% of 2022 at midpoint

Mondee Q2 2023 Results: Disrupts Travel with Revolutionary AI Platform; Delivers Exceptional Growth

Mondee Continues its Accretive M&A Strategy, Strengthening its Global Position as the Foremost AI-Powered Marketplace for Travel Content and Experiences. Mondee Continues its Accretive M&A Strategy, Strengthening its Global Position as the Foremost AI-Powered Marketplace for Travel Content and Experiences.

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