Sequentially, profit declined 48.1% from ₹51 Cr.

Operating revenue zoomed 93.8% to ₹540 Cr from ₹278.7 Cr in Q3 FY25. Sequentially, revenue jumped 83% from ₹295.1 Cr.

Total expenses surged 118.3% YoY to ₹493.1 Cr during the quarter under review. Notably, the company's profit took a hit due to an exceptional expense of ₹32.4 Cr on account of an increase in amortisation for its acquisition of US-based AI market platform Sojern in a $250 Mn deal in the September quarter and one-time costs related to the acquisition. It also recorded an exceptional expense of ₹2.2 Cr in Q3 FY26 due to the recent notification of the labour codes.

Adjusted for the one-time exceptional expense, the company said its profit grew 8% YoY to ₹61.1 Cr, up 8% from the year-ago quarter, the company said.

The company's EBITDA soared 42% YoY in Q3 FY26 to ₹871.2 Mn from ₹614.7 Mn during the same quarter last year. Its EBITDA margin has improved to 22.1% from 16.1% earlier.

During the quarter, RateGain began to introduce its recently acquired US subsidiary Sojern's services to its existing customers, including the launch of an AI concierge for American budget hotel chain Red Roof.

The company won new contracts worth ₹250 Cr during the quarter, and its revenue pipeline stood at ₹562.5 Cr. It added 37 new customers in the quarter, taking its total customer count to 3,277. Notably, it also added 10,300 customers through the Sojern acquisition, however, the combined customer count will be reported from the next quarter.

Founded in 2007, Sojern offers AI-based hospitality, travel marketing, and guest engagement platform. The company has presence in multiple countries including US, UK, Ireland, UAE, Singapore, France and Mexico.

RateGain completed its acquisition of Sojern on November 6, 2025, following a definitive agreement announced in October 2025. The $250 Mn all-cash deal combines RateGain’s AI-powered marketing and distribution technology with Sojern’s traveler intent data to create a comprehensive travel marketing platform.

"We delivered healthy revenue momentum and strong free cash flow generation during the quarter, underpinned by disciplined operating execution. The integration of Sojern is progressing well across cost synergies and organizational alignment, with early benefits beginning to reflect in operating leverage. We are also advancing toward a more unified go-to-market structure to drive scalable growth," CFO Rohan Mittal said.

RateGain divides its business into three segments - data as a service (DaaS), distribution channel and martech. As per the company, the DaaS vertical saw a modest 3.6% YoY growth during the quarter, while the distribution segment contracted by almost 11%.

On the other hand, its martech business experienced a 76.4% growth during the same period, contributing 62.6% to the total operating revenue during the first nine months of the current fiscal year. In comparison, DaaS and distribution contributed 24.4% and 16%, respectively.

Around 57.1% of the company's revenue during the quarter came from its North American clients, followed by Europe at 26.6%.

Shares of the company crashed following the announcement of Q3 results but recovered slightly during the day to close 4.56% lower at ₹545.15 on the BSE.