Despegar.com

Despegar.com Corp. is an online travel company, which engages in providing online travel agency services. It offers tours and corporate packages to destinations such as Paris, Cancun, Rio de Janeiro, Rome, Barcelona, and Las Vegas, as well as vehicle rentals and hotel bookings. The company was founded by Roberto Hernán Souviron, Federico Fuchs, Ernesto Cadeiras, and Christian Vilate in December 1999 and is headquartered in Buenos Aires, Argentina.

Earnings data Q1 2021

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Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Despegar.com reports record EBITDA in Q4 2022 despite travel challenges

Despegar.com showcased strong performance in Q4 2022, achieving record EBITDA levels and revenue growth amidst challenging travel demand.
The company's focus on revenue mix improvement, geographic diversification, and customer-centric strategies positions it for future growth.
While facing challenges such as weak travel demand and rising operating costs, Despegar.com remains optimistic about its growth prospects.
With a positive outlook for 2023 and a strategic approach to market recovery, Despegar.com aims to capitalize on opportunities for revenue and EBITDA growth.

Despegar.com reports stellar Q1 results, eyes Latin America growth

Despegar.com's Q1 2023 performance reflects robust growth, profitability, and operational improvements.
While facing challenges such as rising cost of revenue and BNPL segment profitability, the company is well-positioned to capitalize on growth opportunities.
Strategic initiatives, revenue diversification, and focus on customer engagement are key strengths driving Despegar.com's success.

Despegar.com (DESP) posts strong Q2 results, eyes market expansion

Despegar.com (DESP) delivered a robust performance in Q2 2023, showcasing revenue growth, operational efficiency, and strategic foresight in market expansion and customer engagement.
While facing challenges in competitive landscapes and financial optimization, the company's focus on innovation, cost management, and growth initiatives positions it well for future success.
With opportunities in new markets, loyalty program expansion, and profitability improvements, Despegar is poised to continue its growth trajectory and deliver value to shareholders.

Despegar.com achieves record revenue, eyes global expansion and operational efficiencies

Despegar.com's Q3 2023 earnings call highlights strong revenue growth, operational improvements, and strategic initiatives to capture market opportunities. Despite challenges in upcoming EBITDA and market conditions, the company remains focused on sustainable growth and shareholder value.

Despegar.com (DESP) reports record Q4 performance and eyes margin expansion in 2024

Despegar.com (DESP) excelled in Q4 2023, achieving record gross bookings, revenues, and adjusted EBITDA with strong operational performance.
The company's focus on margin expansion, operational efficiencies, and strategic growth initiatives positions it well for continued success in 2024.
Challenges in cost management and sustaining growth faster than the industry average require ongoing attention and strategic planning.
Opportunities lie in aligning growth strategies with cost efficiencies, leveraging partnerships, and driving sustained margin expansion in 2024.

Despegar.com (DESP) posts robust Q1 earnings, eyes global expansion

Despegar.com (DESP) reported strong Q1 2024 results, showcasing growth in bookings, revenue, and profitability. The company's strategic focus on loyalty programs, AI technology, and operational efficiency positions them for continued success.
While facing challenges in cost management and market competition, Despegar.com has opportunities to drive growth through expansion into new geographies and innovative customer service enhancements. The company's performance in Latin America and strategic initiatives highlight a path for sustainable growth.
With a clear emphasis on profitability, customer engagement, and market expansion, Despegar.com is well-positioned to capitalize on emerging opportunities in the travel industry. By leveraging strengths in key markets and addressing challenges effectively, the company aims for continued success and market leadership.

Despegar.com reports robust Q2 growth amidst FX challenges

Despegar.com delivered a strong Q2 performance with growth in bookings, revenues, and profitability.
Despite FX challenges impacting revenue guidance, the company raised adjusted EBITDA outlook to at least $160 million.
Investments in technology, loyalty programs, and strategic partnerships highlight a focus on sustainable growth.
Strategic divestment and inclusion in Russell Stock Indexes underscore Despegar's commitment to strategic evolution.

Despegar.com (DESP) reports robust Q3 earnings, eyes growth opportunities

Despegar.com (DESP) delivered strong financial performance in Q3 2024, driven by growth in gross bookings and operational efficiency.
The company's strategic initiatives, such as new partnerships and AI-powered services, position it well for future growth.
While facing challenges in user engagement and market competition, Despegar.com remains optimistic about sustained growth and profitability.

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Despegar.com Corp. is an online travel company, which engages in providing online travel agency services. It offers tours and corporate packages to destinations such as Paris, Cancun, Rio de Janeiro, Rome, Barcelona, and Las Vegas, as well as vehicle rentals and hotel bookings. It operates through the following segments: Air; Packages, Hotels, and Other Travel Products; and Financial Services. The Air segment refers to the facilitation services for the sale of airline tickets. The Packages, Hotels, and Other Travel Products segment offers facilitation services for travel package sales. The Financial Services segment includes processing, fraud identification, credit scoring, and information technology services. The company was founded by Martin Rastellino, Roberto Hernán Souviron, Federico Fuchs, Ernesto Cadeiras, and Christian Vilate in 1999 and is headquartered in Buenos Aires, Argentina.

Despegar.com, Corp (NYSE:DESP ) Q3 2022 Earnings Conference Call November 17, 2022 10:00 AM ET Company Participants Luca Pfeifer - Investor Relations Damián Scokin - Chief Executive Officer Alberto López-Gaffney - Chief Financial Officer Conference Call Participants Kevin Kopelman - Cowen Operator Good morning, and welcome to the Despegar's Third Quarter 2022 Earnings Call. A slide presentation is accompanying today's webcast, and is available in the Investors section of the company's Web site, www.investor.despegar.com.

Despegar.com, Corp (DESP) Q3 2022 Earnings Call Transcript

Despegar.com (DESP) delivered earnings and revenue surprises of -31.25% and 6.68%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Despegar.com (DESP) Reports Q3 Loss, Tops Revenue Estimates

BRITISH VIRGIN ISLANDS--( BUSINESS WIRE )--Despegar.com, Corp. (NYSE: DESP), (“Despegar” or the “Company”), Latin America's leading online travel company, today announced unaudited financial results for the three-months ended September 30, 2022 (“third quarter 2022” or “3Q22”). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). Financial results are preliminary and subject to year-end audit and adjustment. All comparisons in this announcement are year-over-year (“YoY”), unless otherwise noted.

Despegar.com Announces 3Q22 Financial Results

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP), the leading online travel company in Latin America, today announced that it will report its Third Quarter 2022 results on Thursday, November 17, before the market opens.

Despegar.com Announces Third Quarter 2022 Financial Results Call and Webcast

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP), (“Despegar” or the “Company”), Latin America's leading online travel company, today announced its upcoming participation in Morgan Stanley's virtual Latin America Conference on September 16, 2022. Alberto Lopez Gaffney, Chief Financial Officer, and Luca Pfeifer, Head of Investor Relations, will represent the Company at the conference. About Despegar Despegar is the leading online travel company in Latin America. For over

Despegar Announces Participation in Morgan Stanley Conference

Despegar.com, Corp. (NYSE:DESP ) Q2 2022 Earnings Conference Call August 18, 2022 10:00 AM ET Company Participants Luca Pfeifer - Investor Relations Damián Scokin - Chief Executive Officer Alberto Lopez-Gaffney - Chief Financial Officer Conference Call Participants Kieran Kenny - Morgan Stanley Kevin Kopelman - Cowen Alejandra Aranda - Itau Operator Good morning, and welcome to the Despegar's Second Quarter 2022 Earnings Call. A slide presentation is accompanying today's webcast and is available in the Investors section of the company's website, www.investor.despegar.com.

Despegar.com, Corp (DESP) CEO Damián Scokin on Q2 2022 Results - Earnings Call Transcript

Despegar.com (DESP) delivered earnings and revenue surprises of -53.33% and 4.48%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Despegar.com (DESP) Reports Q2 Loss, Tops Revenue Estimates

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP), (“Despegar” or the “Company”), Latin America's leading online travel company, today announced unaudited financial results for the three-months ended June 30, 2022 (“second quarter 2022” or “2Q22”). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). Financial results are preliminary and subject to year-end audit and adjustment.

Despegar.com Announces 2Q22 Financial Results

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP), the leading online travel company in Latin America, today announced that it will report its Second Quarter 2022 results on Thursday, August 18, before the market opens. Earnings Release Thursday, August 18, 2022 Time: Before Market Open Conference Call Thursday, August 18, 2022 Time: 10:00 a.m. Eastern Time Quiet Period Thursday, July 28 through Thursday, August 18, 2022 Executives Mr. Damián Scokin, Chief Executive Offi

Despegar.com Announces Second Quarter 2022 Financial Results Call and Webcast

Despegar.com has been seeing revenue growth rebound to pre-pandemic levels. However, low growth in cash and earnings levels remain a concern.

Despegar.com: Showing Revenue Growth, But Still Too Much Risk

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)-- #inspiringtogether--Despegar.com, Corp. (NYSE: DESP) (“Despegar”), the leading online travel company in Latin America, today announced that Dirk Donath, a member of the board of directors of the Company appointed by LCLA Daylight LP, an affiliate of L Catterton Latin America III, L.P., has resigned as a director and member of the Board's Nomination & Compensation and Strategy committees, effective June 24, 2022, in connection with a rotation by L Catterton of its appoin

Despegar Announces Appointment of New Board Member

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP) (“Despegar”), the leading online travel company in Latin America, today announced that on June 13, 2022, the Company's Board of Directors approved a new share repurchase program (the “2022 Share Repurchase Program”) that enables the Company to repurchase up to $40 million of its shares. The 2022 Share Repurchase Program becomes effective on June 14, 2022, and expires on August 12, 2022. Share repurchases may be undertaken

Despegar Board of Directors Approves New Share Repurchase Program

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP) (“Despegar”), the leading online travel company in Latin America, today announced that it has completed the previously announced (May 6, 2022 - link) acquisition of 100% of TVLX Viagens e Turismo S.A (“Viajanet”), one of Brazil's leading online travel agencies, for a total consideration of approximately US$15.5 million, which will be subject to customary post-closing adjustments. Seventeen percent of total consideration w

Despegar Completes Acquisition of 100% of Brazilian Online Travel Agency Viajanet

Call End: Despegar.com, Corp (NYSE:DESP ) Q1 2022 Earnings Conference Call May 19, 2022 10:00 AM ET Company Participants Natalia Nirenberg - Investor Relations Damian Scokin - Chief Executive Officer Alberto Lopez-Gaffney - Chief Financial Officer Conference Call Participants Alejandra Aranda - ITAU Karen Kenny - Morgan Stanley Emily Lavin - Cowen and Co. Operator Good morning, and welcome to Despegar's First Quarter 2022 Earnings Call. A slide presentation is accompanying today's webcast and is available in the Investors section of the company's website, www.investor.despegar.com.

Despegar.com, Corp (DESP) CEO Damian Scokin on Q1 2022 Results - Earnings Call Transcript

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP), (“Despegar” or the “Company”), the leading online travel company in Latin America, today announced unaudited financial results for the three-months ended March 31, 2022 (“1Q22”). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). Financial results are preliminary and subject to year-end audit and adjustment. Financial and Opera

Despegar.com Announces 1Q22 Financial Results

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP), the leading online travel company in Latin America, today announced that it will report its First Quarter 2022 results on Thursday, May 19, before the market opens. Earnings Release Thursday, May 19, 2022 Time: Before Market Open Conference Call Thursday, May 19, 2022 Time: 10:00 a.m. Eastern Time Quiet Period Monday, May 9 through Thursday, May 19, 2022 Executives Mr. Damián Scokin, Chief Executive Officer Mr. Alberto L

Despegar.com Announces First Quarter 2022 Financial Results Call and Webcast

Latin American digital travel agency giant Despegar.com signed a $15 million acquisition deal for the Brazilian travel agency TVLX Viagens e Turismo S.A (Viajanet) as part of its regional consolidation strategy. Under the terms of the deal, which is subject to regular closing rules and expected to take place in the second quarter of this […]

Despegar Signs $15M Deal for Viajanet in Travel Agency Expansion

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP) (“Despegar”), the leading online travel company in Latin America, today announced that it has agreed to acquire TVLX Viagens e Turismo S.A (“Viajanet”), one of the leading online travel agencies in Brazil, for a total consideration of approximately US$15 million and subject to customary closing conditions. Under the terms of the agreement, 60% of the purchase price will be payable at closing, 20% in 24 months and the rema

Despegar to Acquire 100% of Viajanet, an Online Travel Agency in Brazil

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP), (“Despegar”), the leading online travel company in Latin America, today announced that its Annual Report on Form 20-F for the fiscal year ended December 31, 2021 was filed with the U.S. Securities and Exchange Commission (“the SEC”) on April 29, 2022 and is available on SEC's website at www.sec.gov. Investors can receive a printed copy of this report, including the Company's complete audited financial statements, free of

Despegar Announces the Filing of its Annual Report on Form 20-F for Fiscal Year 2021

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP), (“Despegar” or the “Company”), the leading online travel company in Latin America, today announced its participation at upcoming investor conferences taking place during May 2022. May 11, 2022 ITAU - 15th Annual Latin American Executive Conference, New York Damian Scokin, Chief Executive Officer May 19, 2022 17th Annual Needham Technology & Media Conference (Virtual) Natalia Nirenberg, Investor Relations About Despeg

Despegar.com Announces Participation at Upcoming Investor Conferences

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP), (“Despegar” or the “Company”) the leading online travel company in Latin America, today announced that it will host an Analyst and Investor Day ("Despegar Day") on Tuesday, June 14, 2022 in New York, NY. This event will be held for equity analysts and institutional investors and will feature presentations by Damián Scokin, Chief Executive Officer, Alberto López Gaffney, Chief Financial Officer, and other members of the C

Despegar.Com to Host Investor Day on June 14, 2022 in New York

Despegar.com saw a significant rebound in growth last year across its main markets.

Despegar.com: Rebound In Brazilian Growth Could Mean Upside

Despegar.com, Corp (DESP) CEO Damián Scokin on Q4 2021 Results - Earnings Call Transcript

Despegar.com (DESP) delivered earnings and revenue surprises of -54.55% and 14.27%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Despegar.com (DESP) Reports Q4 Loss, Tops Revenue Estimates

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP), (“Despegar” or the “Company”), the leading online travel company in Latin America, today announced unaudited financial results for the three-months ended December 31, 2021 (“fourth quarter 2021” or “4Q21”). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). Financial results are preliminary and subject to year-end audit and adj

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