Despegar.com Corp (DESP) Q3 2024 Earnings Call Highlights: Record Growth Amidst Currency Challenges [Yahoo! Finance]
Despegar.com, Corp. Ordinary Shares (DESP)
Last despegar.com, corp. ordinary shares earnings: 3/5 06:00 am
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Source: Yahoo! Finance
Despegar.com Corp ( NYSE:DESP ) reported a record high take rate of 14.6%, driven by successful commercial efforts and a focus on package sales. The company achieved a 35% year-over-year growth in gross bookings in constant currency, highlighting strong business fundamentals. Adjusted EBITDA increased by 94% year-over-year, reaching $48 million, marking a new record for the company. Despegar.com Corp ( NYSE:DESP ) signed a new 10-year lodging outsourcing agreement with Expedia, enhancing growth opportunities and improving net asset position. The launch of Sophia, an AI travel assistant, has significantly improved customer engagement and is being offered as a software as a service to business partners. Gross bookings declined slightly to $1.3 billion due to foreign exchange headwinds, particularly in Brazil and Mexico. Transactions in Mexico declined by 22% year-over-year, impacted by the divestiture of a business unit and reduced domestic air capacity. The company faces
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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