Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 150

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 2
Chunk 150
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712,187  
     55.81% 
     383,976  
     53.76%
  
    Online advertisement 
     557,103  
     43.65% 
     290,675  
     40.69%
  
    Hotel Reservation 
     1,962  
     0.15% 
     8,006  
     1.12%
  
    Hotel Technology Platform Software Service 
     —  
     0.00% 
     6,217  
     0.87%
  
    Ancillary 
     4,946  
     0.39% 
     25,391  
     3.55%
  
    Total revenue 
    $1,276,198  
     100.00% 
    $714,265  
     100.00%

Our
revenues for the six months ended June 30, 2025, were mainly generated from ticketing sales and online advertising, which
contributed 55.81% and 43.65% respectively to our total revenue. In contrast, for the six months ended June 30, 2024, ticketing sales and online advertising contributed 53.76% and 40.69%,
respectively. Revenue from hotel reservations decreased to 0.15% in 2025 (from 1.12% in 2024), and ancillary sales
decreased to 0.39% in 2025 (from 3.55% in 2024). Revenue from software subscriptions, which contributed 0.87% in 2024, was nil in 2025
as those services were discontinued.

The
increase in revenue for the three and six months periods was mainly driven by higher sales from domestic airlines, particularly Lion
Air. In addition, Nusatrip’s Gross Merchandise Value (GMV) to Agoda increased substantially from USD 5 million in 2024 to USD 117
million in 2025. This growth was achieved by making our selling prices more competitive through partnerships with several new suppliers
who offer better rates.

41

Cost
of Revenue. For the three and six months ended June 30, 2025, our cost of revenue in respect of software subscription decreased by
$4,137 and $12,190 or 100% to $0, as compared with $4,137 and