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Stock impact report

Despegar.com Announces 3Q24 Financial Results [Yahoo! Finance]

Despegar.com, Corp. Ordinary Shares (DESP) 
Last despegar.com, corp. ordinary shares earnings: 3/5 06:00 am Check Earnings Report
US:NYSE Investor Relations: investor.despegar.com
Company Research Source: Yahoo! Finance
BRITISH VIRGIN ISLANDS, November 14, 2024 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 an as reported Gross Bookings decline of 4% YoY Revenues on an FX neutral basis increased 53% YoY to $19 Show less Read more
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