InvestorQ : How did you see the latest quarterly numbers of Zomato?
Rutuja Nigam made post

How did you see the latest quarterly numbers of Zomato?

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3 weeks ago
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Zomato is still making losses but the good news is that it has narrowed its net loss to Rs251 crore for September 2022 quarter. That is much lower than the net loss of Rs430 crore in the year ago quarter. This was also the first time Zomato crossed $1 billion annualized revenues. Revenues were up 62.2% at Rs1,661 crore while EBITDA was up 28% at Rs192 crore. Zomato expects the revenue traction to be much higher in the coming quarters as Blinkit contribution would be fully incorporated into numbers. The gross order value (GOV) grew 3% sequentially and 23% yoy driven by volumes and average order value.

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