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MakeMyTrip has 7 million monthly active users on mobile; revenue up 36.4%

Online travel agent MakeMyTrip says that it has more than 7 million monthly active users (MAUs) for its mobile apps and more than 33.5 million cumulative app downloads at the end of December 2016. The company takes into account apps installed on Android, iPhone and Windows Phone platforms. The company said that it is now focussing on a mobile first approach. MakeMyTrip said that 74% of domestic hotels orders are on mobile and 48% of domestic flight orders are from mobile. Meanwhile, MakeMyTrip reported revenues of $120 million for the quarter ended March 2017 (Q4 FY17), an increase of 36.4% from $88 million in the same quarter last year. It reported a net loss of $73.1 million as compared to a loss of $49.9 million in the quarter ended March 31, 2016. Losses stemmed from marketing expenses and costs related to employees following the ibibo merger. Hotels and packages segment:  Revenues from its hotels and packages segment increased by 22.6% to $78.9 million compared to $64.4 million in the lame quarter last year. Transactions for MakeMyTrip India hotels booked online increased by 95.4% YoY in the quarter.  MakeMyTrip India online hotels business represented over 97.4% of all hotels and packages transactions in the quarter. Air-ticketing revenues: Revenue from the air ticketing business increased by 48.1% to $32.9 million in the quarter from $22.2 million in the quarter ended March 31, 2016. This increase was due to an increase in gross bookings of 43.0% driven by 42.4% increase in the number of transactions year…

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