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.

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Mondee Holdings Inc reports strong Q4 earnings, eyes Asia expansion

Mondee Holdings Inc's Q4 2022 earnings call showcased robust financial performance, strategic acquisitions, and technological advancements driving revenue growth. While facing challenges from industry trends and operational dynamics, the company is poised for significant growth in 2023, particularly in key markets like Asia and Latin America.

Mondee Holdings Inc reports robust Q1 results and eyes growth

Mondee Holdings Inc showcased strong Q1 performance and strategic acquisitions, setting a positive tone for future growth.
Challenges in revenue guidance adjustments and market impact require focused attention for sustained success.
Opportunities lie in further revenue growth, market expansion, and leveraging fintech advancements for enhanced performance.

Mondee Holdings Inc reports stellar Q2 growth amidst seasonality challenges

Mondee Holdings Inc's Q2 2023 performance reflects robust revenue growth, driven by AI innovation, strategic acquisitions, and marketing initiatives targeting key demographics.
While facing challenges related to seasonality and pricing dynamics, Mondee is focused on leveraging opportunities in AI technology, market expansion, and customer acquisition strategies for sustained growth.
Investors should monitor Mondee's progress in executing its growth strategies, addressing seasonality challenges, and capitalizing on opportunities in the evolving travel market landscape.

Mondee reports robust Q3 earnings, eyes AI for growth

Mondee Holdings Inc's Q3 2023 performance reflects strong growth in gross bookings, net revenue, and adjusted EBITDA, underpinned by strategic initiatives in AI and marketplace expansion.
While facing challenges in certain regions and business unit disposals, Mondee's financial stability, cash position, and focus on profitability signal resilience and long-term growth potential.
Opportunities lie in leveraging AI technology, expanding in high-growth markets, and driving operational efficiency, positioning Mondee for sustained success and value creation.

Mondee Holdings Inc reports record revenues and strong growth outlook

Mondee Holdings Inc delivered strong financial results in 2023, with record net revenues, improved profitability, and significant growth in adjusted EBITDA. The company's focus on technological innovation, market expansion, and strategic planning positions it for continued success.
Despite facing challenges in managing operating expenses and staying competitive in a dynamic market, Mondee's strengths in revenue diversification, AI advancements, and strategic guidance provide a solid foundation for future growth. Opportunities exist for the company to further expand its market presence and enhance customer engagement.
With a positive outlook for 2024 and a commitment to profitability and innovation, Mondee is well-positioned to navigate challenges, capitalize on opportunities, and drive sustained growth in the travel industry. Investors can look forward to continued performance and strategic advancements from the company.

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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, 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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On October 24, the U.S. dollar strengthened against other currencies. Robust economic data showcased the U.S. economy's strength relative to the United Kingdom and Europe.

3 Stocks to Buy Before They Become the Next Trillion-Dollar Companies in 2024

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.

Mondee Acquires Skypass, a leading Travel Marketplace, bringing AI to SMEs

AUSTIN, Texas, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a technology-driven, next-generation marketplace in a $1 trillion segment of the travel market, today announced the date for its second quarter 2023 earnings call, for the period ended June 30, 2023.

Mondee to Report Second Quarter 2023 Financial Results on August 15, 2023

AUSTIN, Texas--(BUSINESS WIRE)--Mondee Holdings Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a technology-driven, next-generation marketplace in a $1 trillion segment of the travel market, today announced the introduction of Abhi, its revolutionary mobile-first A.I. platform with multi-party conversational commerce fully integrated into the Mondee Travel Marketplace. Released on the first anniversary of Mondee's Nasdaq listing, the Mondee Marketplace provides a collection of global travel o.

Mondee Launches Disruptive A.I. Platform and Travel Experiences Marketplace on the First Anniversary of Nasdaq Listing

The 30-day average daily trading volume of Mondee's stock witnessed a 15x increase, reaching 697,000 shares or $6.2 million of nominal value 1

Mondee Joins Russell 2000® Index as the Largest Addition in Travel Technology

The Offering represents a significant milestone in diversifying Mondee's shareholder base and establishing an environment that fosters widespread investor participation The Offering represents a significant milestone in diversifying Mondee's shareholder base and establishing an environment that fosters widespread investor participation

Mondee Announces Closing of Secondary Offering of Common Stock

AUSTIN, Texas, June 07, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a technology-driven, next-generation marketplace, today announced the pricing of an underwritten offering of 5,250,000 shares of Mondee's Class A common stock, par value $0.0001 per share (the “Common Stock”), on behalf of certain stockholders (the “Selling Stockholders”) at a price of $10.00 per share. The offering is expected to close on June 9, 2023, subject to the satisfaction of customary closing conditions. The underwriters will have a 30-day option to purchase up to an additional 787,500 shares of Common Stock from the Selling Stockholders.

Mondee Holdings, Inc. Announces Pricing of Secondary Offering of Common Stock by Selling Stockholders

AUSTIN, Texas, May 17, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a technology-driven, next-generation marketplace in a $1 trillion segment of the travel market, today announced the addition of Geetika Gupta as Chief People Officer (“CPO”), based in the company's Austin, Texas headquarters.

Mondee Welcomes Former Accenture Leader Geetika Gupta as Chief People Officer

Mondee Holdings, Inc. (NASDAQ:MOND ) Q1 2023 Earnings Conference Call May 15, 2023 8:30 AM ET Company Participants Jeff Houston - Senior Vice President, Investor & Public Relations Prasad Gundumogula - Founder, Chairman, Chief Executive Officer Jesus Portillo - Chief Financial Officer Orestes Fintiklis - Vice Chairman and Chief Corporate Strategy and Business Development Officer Jim Dullum - Chief Operating Officer Conference Call Participants Darren Aftahi - Roth MKM Tom White - D.A. Davidson Mike Grondahl - Northland Securities Brett Knoblauch - Cantor Fitzgerald Operator Good day and welcome to the Mondee First Quarter 2023 Earnings Conference Call.

Mondee Holdings, Inc. (MOND) Q1 2023 Earnings Call Transcript

- 1Q23 Gross R evenue of ~$700M 1 , 146% of 1Q22 - 1Q23 Net Revenue of ~$50M 1 , 128% of 1Q22 - 1Q23 Adjusted EBITDA of $4M 1 , 180% of 1Q22 - Raising 2023 Net Revenue Guidance to $240-$245M, representing 52% growth at midpoint - Announces acquisitions of Brazil-based Interep and Mexico-based Consolid

Mondee Announces First Quarter 2023 Financial Results

Mondee Continues its Accretive M&A Strategy Strengthening its Latin American and Global Position as a Modern Marketplace for Travel Content and Experiences in the Global Gig Economy. Mondee Continues its Accretive M&A Strategy Strengthening its Latin American and Global Position as a Modern Marketplace for Travel Content and Experiences in the Global Gig Economy.

Mondee Acquires Leading Mexican B2B Travel Company, Consolid

Mondee continues its accretive M&A strategy by acquiring Interep, a distinguished B2B luxury travel company in Brazil, enhancing Mondee's Modern Marketplace for Travel Content and Experiences in the Global Gig Economy. Mondee continues its accretive M&A strategy by acquiring Interep, a distinguished B2B luxury travel company in Brazil, enhancing Mondee's Modern Marketplace for Travel Content and Experiences in the Global Gig Economy.

Mondee Acquires Interep, Strengthening its Brazilian and Latin American Footprint

AUSTIN, Texas, May 01, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a technology-driven, next-generation marketplace in a $1 trillion segment of the travel market, today announced the date for its first quarter 2023 earnings call, for the period ended March 31, 2023.

Mondee to Report First Quarter 2023 Financial Results on May 15, 2023

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Prasad Gundumogula, Mondee's Chairman, CEO, and Founder Named as an EY Entrepreneur Of The Year® 2023 Gulf South Award Finalist

AUSTIN, Texas, April 25, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a technology-driven, next-generation marketplace in a $1 trillion segment of the travel market, today announced the addition of Meredith Waters as its first General Counsel (“GC”), based in the company's Austin, Texas headquarters.

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