Zomato Q3 Results: Net loss widens to ₹347 crore, revenue rises 75%

Zomato Q3 Net Loss Widens to Rs 346.6 Crore But Sales Increase 75% YoY

Online food delivery platform Zomato Ltd on Thursday reported a widening of consolidated net loss at Rs 346.6 crore in the third quarter ended December 31, 2022 impacted by higher expenses and slowdown in food delivery business.

Zomato loss widens to Rs 347 crore on biz slowdown, Blinkit buy

Zomato Q3 Results: Revenue for the food delivery company, however, surged 75 per cent to Rs 1,948.2 crore, compared with Rs 1,112 crore in the year-ago period

Zomato Q3 Results: Net loss widens to ₹347 crore, revenue rises 75%

Zomato's operating loss for the quarter under review narrowed to ₹265 crore from ₹272 crore a year ago. Excluding Blinkit, the operating loss was ₹38 crore compared with ₹272 crore in the year-ago period.

Zomato Q3 loss widens to Rs 347 crore, revenue jumps 75% YoY

Its revenue from operations zoomed 75 percent to Rs 1,948 crore from Rs 1,112 crore in the corresponding quarter last year, the company said in an exchange filing.

Zomato Q3 Results: Loss widens to Rs 347 crore, but sales rise 75% YoY

Zomato had posted a loss of Rs 63 crore a year ago and Rs 251 crore a quarter ago

Zomato Q3 Results 2023: net loss widens to Rs 346.6 crore from Rs 67.2 crore in Q3FY22

Consolidated revenue from operations during the quarter under review stood at Rs 1,948.2 crore. It was at Rs 1,112 crore in the corresponding period a year ago Get more Companies News and Business News on Zee Business.