RateGain Travel Technologies Limited has announced its unaudited financial results for the second quarter and half year ended September 30, 2025, revealing a mixed performance with revenue growth accompanied by a decline in profitability. The company has also completed a significant acquisition.

Financial Performance

The company reported a year-over-year increase in revenue for Q2:

Despite the revenue growth, RateGain experienced a decline in profitability:

Key Highlights

• The company's revenue increased by 6.4% year-over-year, reaching ₹2,950.50 million in Q2 FY2026.
• EBITDA decreased by 11.1% to ₹535.00 million, compared to ₹602.00 million in the same quarter last year.
• The EBITDA margin compressed by 351 basis points, from 21.71% to 18.20%.
• Consolidated net profit saw a slight decrease of 2.3%, from ₹522.07 million to ₹510.12 million.

Corporate Actions and Developments

• The Board of Directors approved the results in a meeting held on November 11, 2025.
• RateGain operates in the information technology services segment, providing solutions to clients in the hospitality and travel industry.
• The company completed the acquisition of Sojern Inc., a US-based AI-powered hospitality and travel marketing platform company, for USD 250 million on November 8, 2025. The acquisition was funded through a secured term loan of USD 125 million and internal funds of USD 125 million.
• RateGain's Nomination and Remuneration Committee approved the grant of 2,817 Stock Appreciation Rights (SARs) under the "RateGain - Stock Appreciation Rights (SAR) Scheme – 2022" on November 10, 2025. The SARs were granted at a price of ₹649.00 per SAR Unit, with a vesting period of 4 years and an exercise period of 3 years from the date of vesting.

Investors and analysts may want to monitor how RateGain addresses the profitability challenges while continuing to grow its revenue in the coming quarters. Additionally, the impact of the Sojern acquisition on the company's future performance will be an important factor to watch.

RateGain Travel Technologies Limited has successfully completed its acquisition of Sojern Inc. and its subsidiaries on November 6, 2025. This strategic move, executed through RateGain's wholly-owned subsidiary, RateGain Merger Sub, Inc., marks a significant milestone in the company's global expansion and AI-driven offerings in the travel and hospitality sector.

Key Highlights of the Acquisition

• Completion Date: November 6, 2025
• Acquired Entity: Sojern Inc. and its subsidiaries
• New Structure: Sojern Inc. is now a wholly-owned subsidiary of RateGain Technologies Limited, UK, and a wholly-owned step-down subsidiary of RateGain Travel Technologies Limited

Strategic Implications

The acquisition brings together two complementary forces in travel technology:

1. RateGain's Expertise: Martech, revenue optimization, and distribution
2. Sojern's Capabilities: AI-powered marketing platform for hospitality, demand generation, and traveler engagement

This combination positions RateGain among the top global travel technology providers by revenue and customer reach, serving 13,000 customers across the Americas, Europe, Middle East and Africa, and Asia Pacific.

Integrated Offerings

The merged entity aims to provide:

• A comprehensive AI-powered growth platform
• Enhanced multichannel demand generation
• Accurate targeting and pricing intelligence
• Scalable traveler engagement solutions

Leadership Perspectives

Bhanu Chopra, Founder and Chairman of RateGain, stated: "This acquisition marks a major milestone in RateGain's evolution as we continue to scale globally and deepen our AI-led offerings. Together, we are positioned to accelerate value creation for our shareholders and customers alike."

Mark Rabe, CEO of Sojern, added: "Joining RateGain provides Sojern the opportunity to expand into new markets and enriches our global product portfolio to unlock our next phase of growth."

Future Outlook

As RateGain and Sojern integrate their capabilities, the focus remains on:

• Driving innovation
• Strengthening customer outcomes
• Building a future-ready platform for the travel ecosystem

This strategic acquisition is set to empower travel brands to drive profitable growth through smarter, data-driven customer engagement, positioning the combined entity at the forefront of AI-powered solutions in the travel and hospitality industry.

About RateGain

RateGain's completion of this acquisition underscores its commitment to innovation and growth in the travel technology sector, promising enhanced value for both customers and shareholders in the evolving landscape of AI-driven travel solutions.