RateGain travel Technologies Limited announced its unaudited financial results for Q3 FY26 and nine months ended December 31, 2025, through a regulatory filing with NSE and BSE on February 13, 2026. The company reported record-breaking performance with consolidated operating revenue reaching INR 5,400.30 million, marking a substantial 93.8% year-over-year growth driven by the successful integration of Sojern acquisition completed on November 6, 2025.

Q3 FY26 Consolidated Financial Performance

RateGain delivered exceptional growth across key financial metrics, demonstrating the positive impact of the Sojern acquisition on business operations.

The decline in profit after tax was primarily attributed to exceptional items totaling INR 346.18 million, including INR 324.16 million in merger and acquisition related expenses and INR 22.02 million towards labor code notifications.

Nine-Month Performance Analysis

For the nine-month period ending December 31, 2025, RateGain maintained strong growth momentum with consolidated operating revenue of INR 11,080.04 million, representing 35.8% year-over-year growth.

Strategic Acquisition and Integration

The Sojern acquisition, completed for a consideration of INR 22,170.69 million (USD 250.35 million), was financed through external funds of INR 11,069.63 million and internal funds of INR 11,100.62 million. The acquisition expanded RateGain's portfolio to include AI-powered hospitality and travel marketing solutions, with provisional purchase price allocation identifying INR 7,625.01 million in intangible assets and INR 12,091.44 million in goodwill.

Earnings Conference Call and Investor Engagement

Following the advance intimation dated February 06, 2026, RateGain concluded its earnings conference call on February 16, 2026 at 04:00 p.m. IST with analysts, institutional investors, and funds to discuss the financial and operational performance. The call covered the published financial results, general industry overview, and business performance using the earnings presentation filed with stock exchanges on February 13, 2026.

General Counsel and Company Secretary Mukesh Kumar filed the transcript intimation on February 19, 2026, in compliance with Regulation 30(6) of SEBI Listing Regulations. The complete transcript is available on the company's investor website at https://investors.rategain.com/ .

Regulatory Publication and Compliance

Pursuant to Regulation 47 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, RateGain published its unaudited financial results in newspapers on February 14, 2026. The results were published in Financial Express (English Language National Daily Newspaper – All India) and Jansatta (Hindi Language Daily Newspaper – Delhi). The Board of Directors approved the quarterly results in their meeting held on February 13, 2026, with the financial results receiving limited review from statutory auditors Deloitte Haskins & Sells LLP.

Operational Updates

During the quarter, 79,599 employee stock options were exercised under various ESOP schemes, with 154,598 options exercised during the nine-month period. The company's paid-up share capital stands at INR 118.06 million. The impact of new Labor Codes notified by the Government of India resulted in increased gratuity and leave liabilities of INR 22.02 million, treated as exceptional items due to their non-recurring nature.

RateGain travel Technologies Limited announced on February 18, 2026, that Sojern, its recently acquired digital marketing platform, has released the comprehensive State of Destination Marketing 2026 Report. The report examines how destination marketing organizations (DMOs) worldwide are adapting to economic pressures, rising performance expectations, and accelerating AI-driven transformation across the travel industry.

Economic Impact Measurement Takes Priority

Based on insights from more than 350 DMOs globally, the report reveals a fundamental shift in strategic priorities. The ability to measure economic impact now ranks as the top concern for destination marketers, overtaking traditional metrics such as visitation and engagement as organizations face mounting pressure to demonstrate tangible return on investment.

Mark Rabe, CEO of Sojern, commented on the findings: "Destination marketers are under more pressure than ever to show measurable impact. This year's report shows how DMOs are rising to that challenge—rethinking success metrics, investing more intentionally, and adapting their strategies to stay visible as AI reshapes discovery."

Regional Strategy Variations Emerge

The report identifies distinct regional approaches to destination marketing strategy. In North America, 79% of DMOs prioritize hotel room nights and direct revenue over brand awareness, with 51% focusing primarily on mid-and lower-funnel activities. European DMOs face particular challenges, with 31% reporting their funding is at risk, though 51% still maintain focus on longer-term brand building. The Middle East, Asia, and Africa region shows the strongest performance orientation, with 88% of DMOs citing conversion as their most important metric.

Globally, DMOs are evenly split between stage-specific campaigns (47%) and full-funnel strategies (47%). However, there has been a dramatic shift away from awareness-focused campaigns, dropping from 59% in 2025 to just 25% in 2026.

AI Adoption Accelerates Across DMO Operations

Artificial intelligence has moved from future consideration to present reality for destination marketers. More than half of DMOs (51%) express concern about AI-driven search disruption, with 31% expecting their websites to become primary sources for AI-generated travel recommendations.

Despite growing AI adoption, implementation maturity varies significantly across organizations, with many DMOs still in early-stage deployment phases.

Personalization Progress Faces Resource Constraints

While data utilization has expanded, personalization capabilities remain limited by resource constraints. Only 9% of DMOs describe their advertising personalization as "advanced," while basic personalization approaches increased from 14% to 22% year-over-year.

DMOs report that data delivers maximum value during campaign planning (45%) and post-campaign reporting (44%), but only 7% leverage data effectively during live campaign execution. Demographic data remains the dominant targeting approach at 74% globally, though regional preferences vary significantly.

Digital Channel Strategies Become More Selective

Paid social media maintains its position as the most widely adopted digital channel, with 88% of DMOs investing globally. Instagram (97%) and Facebook (90%) continue anchoring social strategies, while YouTube usage has grown to 55%, reflecting its cross-funnel effectiveness.

The data indicates DMOs are prioritizing channels that more clearly support measurable performance outcomes, leading to reduced investment in less trackable advertising formats.

Collaborative Marketing Remains Strategic Priority

Co-operative marketing continues as a critical strategy, with 80% of DMOs running collaborative campaigns. The primary motivations include reaching wider audiences (70%), increasing total investment capacity (64%), and sharing operational costs (63%). However, 27% of DMOs cite partner management complexity as a significant barrier for resource-constrained teams.

The report was developed in partnership with Dynata and supported by multiple industry organizations including Brand USA, U.S. Travel Association, Destinations International, Destination Canada, European Travel Commission, City DNA, Caribbean Tourism Organization, and Pacific Asia Travel Association.