In addition to our regular quarterly earnings coverage, PhocusWire is rounding up results from other big names in the global travel industry.
This week,
Uber,
Lyft, and
American Express Global Business Travel (Amex GBT) reported earnings for the second quarter of 2026. India-based
MakeMyTrip (MMT) and
Ixigo also released results for the first quarter of 2027.
This roundup was created with the help of ChatGPT. Uber
Key figures:
- Gross bookings: $58 billion, up 24%
- Revenue: $14.2 billion, up 12%
- Adjusted EBITDA: $2.8 billion, up 33%
- Sales and marketing expense: $1.52 billion, up 25%
Uber reported continued growth in the second quarter of 2026, with trips up 18% year over year and monthly active platform consumers increasing 16%. Mobility and delivery both recorded double-digit growth in gross bookings, while Uber for Business continued to expand as corporate customers used products such as Reserve and Uber Black.
The company said it is using artificial intelligence (AI) in customer service, shopping and internal operations. AI agents can investigate trips and resolve some fare disputes, while its Cart Assistant is helping customers build larger grocery and retail orders. Uber also said productivity gains from AI have allowed it to moderate hiring without increasing overall AI spending.
Mobility remained Uber’s largest business, with operating income up 28% year over year. Uber reported net income of $2.4 billion, including a $1.6 billion benefit from the revaluation of equity investments, and continued expanding its autonomous vehicle partnerships.
Amex GBT
Key figures:
- Revenue: $840 million, up 35%
- Adjusted EBITDA: $150 million, up 6%
- Sales and marketing expense: $126 million, up 22%
Amex GBT reported higher business travel activity in the first quarter of 2026, with transactions up 41% year over year. Revenue increased 35%, though growth was 7% excluding acquisitions. Travel revenue rose 33%, while product and professional services revenue increased 44%.
The company highlighted two AI-focused products: Complete, developed with SAP Concur, and the next-generation Egencia platform. Amex GBT said 75% of eligible joint customers were using Complete, while the Egencia update includes agentic AI capabilities and integration with Concur Expense.
Adjusted EBITDA increased 6% to $150 million, while net income declined 28% to $54 million as operating expenses rose. Sales and marketing expense increased 22% to $126 million. Amex GBT did not hold an earnings call or provide guidance following the announcement of its proposed acquisition by Long Lake Management.
MMT
Key figures:
- Gross bookings: $2.85 billion, up 19.9% year over year in constant currency
- Revenue: $285.6 million, up 16.1% in constant currency
- Adjusted EBITDA: $55.5 million, up 7.5%
- Marketing and sales promotion expense: $48.8 million, up 11.1%
MMT reported growth across most of its businesses in its first fiscal quarter ended June 30, 2026. Hotels and packages adjusted margin increased 21.3% in constant currency, while bus ticketing rose 32.4%. Air ticketing grew more slowly as conflict in West Asia weighed on international outbound travel from India, though stronger domestic demand partly offset the pressure.
The company also highlighted Myra 2.0, an updated version of its AI travel assistant that supports search, comparison, booking and payments through a conversational interface. Myra handled more than 85,000 daily conversations during the quarter, with more than 45% coming from smaller Indian cities. MakeMyTrip said the tool resolved more than half of post-booking queries related to flights and hotels.
Profit fell to $9.1 million from $25.8 million a year earlier, which MMT said was mainly because finance costs increased following the issuance of convertible senior notes. Adjusted operating profit increased to $51.4 million.
Ixigo
Key figures:
- Revenue from operations: $37.5 million, up 13% year over year
- Gross transaction value: $580.9 million, up 19% year over year
- Adjusted EBITDA: $3.07 million, down 7% year over year
Aloke Bajpai, chairman, managing director and group CEO of Ixigo-parent Le Travenues Technology described the Indian online travel agency's Q1 2027 as demonstrating "the value of having more than one engine of growth." He added that the Iran conflict and air capacity were particular challenges for the company.
He also flagged the opportunity to grow into the corporate travel segment which the company plans to explore going forward. Its flights business unit it already being used by small businesses and unmanaged business travelers driving Ixigo to consider a dedicated product.
The company highlighted hotels as its fastest growing line of business with 500,000 "heads on beds" recorded in Q1. Ixigo acquired a majority stake in Brevistay, a specialist in flexible duration stays, in June 2026 providing it with direct hotel relationships.
The company also unveiled several artificial intelligence (AI) developments in the quarter including we launched BusTDS.ai, an operating system and global distribution platform for bus operators.
Lyft
Key figures:
- Gross bookings: $5.5 billion, up 23% year over year.
- Revenue: $1.8 billion, up 16% year over year.
- Adjusted EBITDA: $177 million, up 37% year over year.
Lyft’s CEO David Risher described the second quarter of 2026 as a “record-breaking performance” for the company with more than 30 million active riders. He added that it is on its way to hitting one billion rides by the end of 2026.
Lyft also called out success in its partnership ecosystem with approximately 30% of North American rides linked to a partners such as United Airlines.
The company is also moving to single Lyft app for rideshare, taxis and micromobility, which is currently in beta across a dozen European cities. The move follows the acquisitions of FreeNow in April 2025 and Gett in April 2026.