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.

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Earnings data Q3 2023

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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.

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 results for the three-months ended March 31, 2021 (1Q21). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). First Quarter 2021 Key Financial and Operating Highlights (For definitions, see page 14) Impacted by the quarter

Despegar.com Announces 1Q21 Financial Results

Despegar.com (NYSE:DESP) announces its next round of earnings this Wednesday, May 19. Here is Benzinga's everything-that-matters guide for this Wednesday's Q1 earnings announcement.

Preview: Despegar.com's Earnings

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 2021 results on Wednesday, May 19, 2021 before the market opens. Earnings Release Wednesday, May 19, 2021 Time: Before Market Open Conference Call Wednesday, May 19, 2021 Time: 8:00 a.m. Eastern Time Quiet Period Tuesday, May 11 through Wednesday, May 19, 2021 Executives Mr. Damián Scokin, Chief Executive Officer Mr.

Despegar.com Announces First Quarter 2021 Financial Results Call and Webcast

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, 2020 was filed with the U.S. Securities and Exchange Commission (“the SEC”) on April 30, 2021 and is available on Despegar's web site: https://investor.despegar.com/home/default.aspx or at http://www.sec.gov. Investors can receive a printed copy of this report, inclu

Despegar Announces the Filing of Its Annual Report on Form 20-F for Fiscal Year 2020

Montreal, Quebec--(Newsfile Corp. - April 26, 2021) - Mobi724 Global Solutions Inc. (TSXV: MOS) ("Mobi724" or the "Company"), a fintech enabler of AI-enhanced payment card-linked incentives issues an update (the "Update") on the status of both the Market Development Agreement (the "MDA") with Despegar (NYSE: DESP) ("Despegar") and the Regional Agreement with Promerica Financial Corporation ("Grupo Promerica") (the "Promerica Agreement"), a group that operates banks in 9 countries in Central and South America. ...

Mobi724 Issues an Update on Status of Commercial Production Under Existing Agreements with Despegar and Grupo Promerica

Despegar.com (DESP) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Despegar.com (DESP) Moves 15.3% Higher: Will This Strength Last?

Despegar.com, Corp. (DESP) CEO Damián Scokin on Q4 2020 Results - Earnings Call Transcript

Shares of Despegar.com (NYSE:DESP) decreased 1.7% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 2500.00% year over year to ($0.24), which beat the estimate of ($0.38).

Despegar.com: Q4 Earnings Insights

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP), (“Despegar” or the “Company”) a leading online travel company in Latin America, today announced unaudited results for the three-months ended December 31, 2020 (4Q20). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles. Financial results are preliminary and subject to year-end audit and adjustment. Fourth Quarter 2020 Key Financial and Operati

Despegar.com Announces 4Q20 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 Fourth Quarter 2020 results on Thursday, March 11, 2021 before the market opens. Earnings Release Thursday, March 11, 2021 Time: Before Market Open Conference Call Thursday, March 11, 2021 Time: 8:00 a.m. Eastern Time Quiet Period Monday, February 22, through Thursday, March 11, 2021 Executives Mr. Damián Scokin, Chief Executive O

Despegar.com Announces Fourth Quarter 2020 Financial Results Call and Webcast

The company's been in the eye of the storm, but things may be looking up.

Why Despegar Soared 62% in November

Despegar.com, Corp. (DESP) CEO Damian Scokin on Q3 2020 Results - Earnings Call Transcript

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Shares of travel bookers are soaring Monday, as part of a big, broad celebratory rally in the stock market following 'important' news a potential COVID-19 vaccine.

Travel service stocks get a big boost from good news on potential COVID-19 vaccine

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 2020 results on Thursday, November 12, 2020 before the market opens. Earnings Release Thursday, November 12, 2020 Time: Before Market Open Conference Call Thursday, November 12, 2020 Time: 8:00 a.m. Eastern Time Quiet Period Thursday, October 28, through Thursday, November 12, 2020 Executives Mr. Damián Scokin, Chief

Despegar.com Announces Third Quarter 2020 Financial Results Call and Webcast

Despegar.com: A COVID-19 Vaccine Play That Nobody Is Paying Attention To

The pandemic continued to pressure the online travel company, but there was a bit of good news last month.

Why Despegar Stock Sank 25.6% in September

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE:DESP), (“Despegar”), the leading online travel company in Latin America, today announced that on October 1, 2020 it completed the previously announced acquisition of Best Day Travel Group (“Best Day”), one of the leading travel agencies in Mexico. Best Day is expected to represent a key asset for Despegar, given its strong presence and leading market share in Mexico, particularly in the Hotels, Packages and Other Travel Products

Despegar Completes Acquisition of Best Day Travel Group

Travel in Latin America has been crushed, but the recent trend is looking up.

Why Despegar Jumped 11% in August

Despegar.com, Corp. (DESP) CEO Damian Scokin on Q2 2020 Results - Earnings Call Transcript

Despegar.com (DESP) delivered earnings and revenue surprises of 35.42% and -386.29%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

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

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com (the “Company”), the leading online travel agency in Latin America, today announced that on August 20, 2020 it entered into a private placement with Waha Capital through which it will issue and sell series B preferred shares convertible into ordinary shares for an aggregate purchase price of $50 million. The Company intends to use the proceeds from this transaction for general corporate purposes, including potential acquisitions.

Despegar.com Announces $50 Million Investment by Waha Capital

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com (the “Company”), the leading online travel agency in Latin America today announced that on August 20, 2020, it entered into a private placement with an affiliate of L Catterton Latin America in which Despegar will issue and sell non-convertible preferred stock plus warrants to purchase ordinary shares for an aggregate purchase price of $150 million. The Company expects the investment to close in September 2020, subject to customary closing c

Despegar.com Announces $150 Million Investment by L Catterton

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP), (“Despegar” or the “Company”) a leading online travel company in Latin America, today announced unaudited results for the three-months ended June 30, 2020 (2Q20).

Despegar.com Announces 2Q20 Financial Results

On Friday, August 21, Despegar.com (NYSE: DESP) will release its latest earnings report.

A Preview Of Despegar.com's Earnings

Despegar.com (DESP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

News for Despegar.com Stock (DESP)