Exhibit 99.1 MAKEMYTRIP LIMITED ANNOUNCES FISCAL 2025 THIRD QUARTER RESULTS Gurugram, India and New York, January 23, 2025 — MakeMyTrip Limited (NASDAQ: MMYT), India's leading travel service provider, today announced its unaudited interim financial and operating results for its fiscal third quarter ended December 31, 2024. | | | | | | | YoY | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | For the three | | For the three | | Change | For the nine | | For the nine | ...

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for MakeMyTrip (MMYT) due to higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - MakeMyTrip is expected to report quarterly earnings of $0.43 per share, reflecting a year-over-year increase of +22.9% [3]. - Revenues are projected to be $256.68 million, which is a 19.8% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst assessments [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from consensus estimates, with positive readings being more predictive of earnings beats [7][8]. - MakeMyTrip currently holds a Zacks Rank of 4, complicating predictions of an earnings beat [11]. Historical Performance - In the last reported quarter, MakeMyTrip exceeded expectations by delivering earnings of $0.36 per share against an expected $0.33, resulting in a surprise of +9.09% [12]. - The company has beaten consensus EPS estimates in the last four quarters [13]. Conclusion - While MakeMyTrip does not appear to be a strong candidate for an earnings beat, investors should consider other factors before making investment decisions [16].

MakeMyTrip (MMYT) closed the latest trading day at $117.16, indicating a +0.8% change from the previous session's end. The stock lagged the S&P 500's daily gain of 1.26%. Meanwhile, the Dow experienced a rise of 0.8%, and the technology-dominated Nasdaq saw an increase of 1.77%.Prior to today's trading, shares of the online travel company had lost 0.08% over the past month. This has lagged the Computer and Technology sector's gain of 0.84% and was narrower than the S&P 500's loss of 2.82% in that time.The i ...

The latest trading session saw MakeMyTrip (MMYT) ending at $114.53, denoting a -1.45% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 1.11%. Elsewhere, the Dow saw a downswing of 0.77%, while the tech-heavy Nasdaq depreciated by 1.49%.Heading into today, shares of the online travel company had gained 1.84% over the past month, lagging the Computer and Technology sector's gain of 5.27% and outpacing the S&P 500's gain of 0.4% in that time.Analysts and inve ...

MakeMyTrip Limited (MMYT) shares have soared 40.5% in six months, outperforming the broader Zacks Computer and Technology sector’s return of 5.1%. Over the same time frame, it also outperformed its Internet - Delivery Services industry and competitors, including Yatra Online (YTRA) , Tripadvisor (TRIP) and  Mondee Holdings (MOND) .In the past six months, shares of YTRA have risen 13.1%, while shares of TRIP and MOND have plunged 21.8% and 98.5%, respectively. The industry appreciated 34.7% in the same time ...

Core Viewpoint - MakeMyTrip is expected to show strong earnings performance in the upcoming release, with significant year-over-year growth in both EPS and revenue. Financial Performance - The forecasted EPS for MakeMyTrip is $0.44, representing a 25.71% increase from the same quarter last year [2] - Projected revenue is $256.68 million, reflecting a 19.82% rise from the equivalent quarter last year [2] - For the entire fiscal year, earnings are projected at $1.61 per share and revenue at $968.67 million, indicating increases of +31.97% and +23.79% respectively from the prior year [3] Analyst Estimates - Recent adjustments to analyst estimates for MakeMyTrip are being closely monitored, as positive revisions indicate optimism about the company's business outlook [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks MakeMyTrip as 3 (Hold) [6] Valuation Metrics - MakeMyTrip has a Forward P/E ratio of 69.45, significantly higher than the industry average of 24.98, indicating it is trading at a premium [7] - The company has a PEG ratio of 5.05, compared to the industry average PEG ratio of 1.34, suggesting a higher valuation relative to projected earnings growth [8] Industry Context - The Internet - Delivery Services industry, to which MakeMyTrip belongs, has a Zacks Industry Rank of 163, placing it in the bottom 36% of all industries [8] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]

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The most recent trading session ended with MakeMyTrip (MMYT) standing at $116.63, reflecting a +0.15% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.61% gain on the day. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 1.31%.The online travel company's stock has climbed by 13.88% in the past month, exceeding the Computer and Technology sector's gain of 5.27% and the S&P 500's gain of 5.79%.The investment community will be closely monitoring the p ...

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on MakeMyTrip (MMYT), and emphasizes the importance of using these recommendations in conjunction with other research tools like the Zacks Rank [1][4]. Group 1: Brokerage Recommendations - MakeMyTrip has an average brokerage recommendation (ABR) of 1.36, indicating a consensus between Strong Buy and Buy, with 71.4% of recommendations being Strong Buy and 14.3% being Buy [2]. - The article highlights that brokerage analysts tend to exhibit a strong positive bias in their ratings, often issuing five "Strong Buy" recommendations for every "Strong Sell" [5][9]. - The ABR may not be a reliable standalone indicator for investment decisions, as studies show limited success in guiding investors towards stocks with the best price increase potential [4][9]. Group 2: Zacks Rank vs. ABR - The Zacks Rank is presented as a more reliable indicator of a stock's near-term price performance, based on earnings estimate revisions, and is classified into five groups from Strong Buy to Strong Sell [7][10]. - Unlike the ABR, which is based solely on brokerage recommendations and may not be up-to-date, the Zacks Rank reflects timely changes in earnings estimates, making it a more effective tool for predicting future stock prices [8][11]. - MakeMyTrip currently holds a Zacks Rank of 3 (Hold), indicating that analysts' views on the company's earnings prospects have remained unchanged, suggesting the stock may perform in line with the broader market [12][13].

Core Viewpoint - MakeMyTrip Limited (MMYT) has significantly outperformed the broader market and its competitors, driven by strong gross bookings and strategic acquisitions, particularly in the corporate travel sector [1][2][4]. Group 1: Stock Performance - MMYT shares have increased by 113.5% year to date (YTD), outperforming the Zacks Computer and Technology sector's return of 26.4% [1]. - Competitors such as GoDaddy (GDDY) and QuinStreet (QNST) saw YTD increases of 74.3% and 60.4%, respectively, while Asure Software (ASUR) experienced a decline of 9.5% [1]. Group 2: Strategic Acquisitions - The acquisition of the Happay Expense Management platform from CRED is expected to enhance MMYT's corporate travel offerings by integrating advanced expense management capabilities [2][3]. - This acquisition will strengthen MMYT's MyBiz and Quest2Travel platforms, improving policy compliance, cost efficiency, and fraud control [4]. Group 3: Partnerships and Innovations - MMYT has completed over 60 integrations with leading travel and expense management solution partners, enhancing its product capabilities [5]. - The company launched a co-branded credit card with ICICI Bank, offering unlimited rewards and various cash-back percentages on travel-related expenses [7][8]. - Partnerships with LEGOLAND Malaysia Resorts and the Singapore Tourism Board aim to promote travel packages and boost inbound travel from India [9][10]. Group 4: AI and Technology Integration - MMYT is leveraging Generative AI in its growth strategy, notably through the chatbot Myra, which enhances the hotel and homestay booking process [11]. - AI initiatives on the redBus app have improved customer satisfaction and reduced the need for customer service agents by nearly 45% [12]. Group 5: Financial Outlook - The Zacks Consensus Estimate for Q3 fiscal 2025 revenues is $256.7 million, reflecting a year-over-year increase of 19.8% [13]. - Earnings per share are estimated at 44 cents, indicating a year-over-year rise of 25.7% [13]. - MMYT has consistently beaten earnings estimates in the past four quarters, with an average surprise of 41.7% [13].