Despegar.com Announces 3Q24 Financial Results
Despegar.com, Corp. Ordinary Shares (DESP)
Last despegar.com, corp. ordinary shares earnings: 3/5 06:00 am
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Source: Business Wire
Record profitability with 3Q24 Adjusted EBITDA up 94% YoY and Revenues Increasing 9% YoY; Raising FY24 Adjusted EBITDA Guidance BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP) (“Despegar” or the “Company”), Latin America’s leading travel technology company, today announced unaudited financial results for the three-months ended September 30, 2024 (“third quarter 2024” or “3Q24”). 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 adjustments. All comparisons in this announcement are year-over-year (“YoY”), unless otherwise noted.3Q24 Financial and Operating Highlights(for definitions, see page 14)Gross Bookings on a Foreign Exchange (“FX”) neutral basis rose 35% YoY to $1.3 billion, driven by strong underlying demand trends. However, as expected, we faced FX headwinds across the region leading to
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News
- ServiceNow initiated, Brinker upgraded: Wall Street's top analyst calls [Yahoo! Finance]Yahoo! Finance
- Despegar.com, Corp. (NYSE: DESP) was upgraded by analysts at TD Cowen from a "sell" rating to a "hold" rating.MarketBeat
- Shareholder Alert: Ademi LLP investigates whether Despegar.com, Corp. is obtaining a Fair Price for its Public ShareholdersBusiness Wire
- Prosus to buy Latin American online travel agency Despegar.com for $1.7 billion [Yahoo! Finance Canada]Yahoo! Finance Canada
- Prosus to buy Latin American online travel agency Despegar.com for $1.7 billion [Yahoo! Finance Canada]Yahoo! Finance Canada
DESP
Earnings
- 11/14/24 - Miss
DESP
Sec Filings
- 12/26/24 - Form SCHEDULE
- 12/23/24 - Form 6-K
- 12/12/24 - Form 6-K
- DESP's page on the SEC website