Welcome to our dedicated page for Despegar Com news (Ticker: DESP), a resource for investors and traders seeking the latest updates and insights on Despegar Com stock.
Despegar.com, Corp. (DESP) is widely described in its own communications as Latin America’s leading travel technology company and a major online travel agency in the region. The DESP news feed on Stock Titan brings together company announcements that explain how Despegar’s business, partnerships, and ownership structure are evolving over time.
Recent news has focused on Despegar’s acquisition by Prosus N.V., a global technology group. Despegar and Prosus announced a definitive merger agreement for Prosus to acquire Despegar for $19.50 per share in cash, valuing the company at approximately $1.7 billion, followed by confirmation that the acquisition was completed after shareholder and regulatory approvals. These items are central for investors tracking the transition of Despegar from a publicly traded company on the New York Stock Exchange to a business within the Prosus ecosystem.
Beyond M&A activity, DESP news includes quarterly and full-year financial results, where the company reports metrics such as gross bookings, revenue, adjusted EBITDA, segment performance across air, packages, hotels, other travel products, and financial services, as well as trends in loyalty program membership and app transactions. These releases provide insight into Despegar’s operational performance and business mix.
News items also cover strategic partnerships and technology initiatives. Examples include Despegar’s lodging outsourcing agreement with Expedia, a strategic partnership with HBX Group to expand lodging inventory, the licensing of its AI travel assistant Sofia as a SaaS product to Karisma Hotels & Resorts, and the integration of Nubank’s NuPay as a payment option on its platform. Together, these updates help readers understand how Despegar is positioning itself within the Latin American travel and fintech landscape.
For users researching DESP, this news page serves as a centralized archive of official press releases and business updates, useful for reviewing the company’s historical trajectory, strategic decisions, and the context around its acquisition by Prosus.
Summary not available.
Summary not available.
Summary not available.
Despegar.com (NYSE: DESP), Latin America's leading online travel company, reported 4Q22 results showing a 10% year-over-year increase in Gross Bookings to $1.1 billion. Revenue rose 17% to $145.5 million, while Total Adjusted EBITDA increased 39% to $12.5 million. Despite a 15% decline in transactions, the Average Selling Price soared 29%. The company anticipates 2023 revenues between $640 million and $700 million and Adjusted EBITDA of $80 million to $100 million, assuming a recovery in travel demand.
Despegar.com, Corp. (NYSE: DESP), the leading online travel company in Latin America, announced the resignation of CFO
Despegar.com, Corp. (NYSE: DESP), the leading online travel company in
Despegar operates in 20 countries and has impacted the tourism industry for over two decades, serving more than 29 million customers through brands like Despegar, Decolar, and Best Day.
Despegar.com, Corp. (NYSE: DESP), Latin America's leading online travel company, will participate in Morgan Stanley's Latin America Executive Virtual Conference on
Despegar.com (NYSE: DESP) reported a 68% YoY increase in gross bookings, reaching $1.1 billion for 3Q22, reflecting strong recovery in Latin America's travel sector. Revenues surged 75% YoY to $145.6 million, exceeding pre-pandemic levels by 10%. Total Adjusted EBITDA improved to $12.0 million, marking the fourth consecutive profitable quarter. Notably, loyalty program membership rose 63% QoQ, now totaling 9.3 million members. Cash reserves stood at $263 million, ensuring strategic growth opportunities. Despite challenges, management remains optimistic about sustained profitability.
Despegar.com, Corp. (NYSE: DESP), a leading online travel company in Latin America, will announce its Third Quarter 2022 results on Thursday, November 17, before the market opens. The conference call is scheduled for the same day at 10:00 a.m. Eastern Time. A quiet period will be observed from November 7 to November 17. Despegar operates in 20 countries, serving over 29 million customers, and has expanded its offerings through partnerships with Best Day, Viajes Falabella, and its fintech subsidiary Koin.
Despegar.com, Corp. (NYSE: DESP), the leading online travel company in Latin America, will participate in Morgan Stanley’s virtual Latin America Conference on September 16, 2022. The Company, represented by CFO Alberto Lopez Gaffney and Head of Investor Relations Luca Pfeifer, aims to showcase its technological innovations that have transformed the travel industry for over two decades. Despegar operates across 20 countries, catering to over 29 million customers and providing various payment options to enhance travel accessibility.