Despegar Com Stock Price, News & Analysis

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 Alberto Lopez Gaffney effective March 17, 2023. The Board is searching for a permanent CFO while Maria Bettina Zubin, the current Controller, will serve as Interim CFO. CEO Damian Scokin expressed gratitude for Lopez Gaffney's contributions during his tenure, particularly during the Covid-19 pandemic. Despegar is set to release its full financial results for Q4 2022 on March 16, 2023, followed by a conference call to discuss future outlooks.

Despegar.com, Corp. (NYSE: DESP), the leading online travel company in Latin America, will report its Fourth Quarter 2022 results on Thursday, March 16, before market opening. A conference call is scheduled for the same day at 10:00 a.m. Eastern Time. The quiet period extends from February 27 to March 16, 2023.

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 January 10, 2023. CFO Alberto Lopez Gaffney and Head of Investor Relations Luca Pfeifer will represent the company. Additionally, on January 11 and 12, they will engage in a non-deal investor roadshow organized by Citibank in Brazil. Despegar operates in 20 countries and serves over 29 million customers, emphasizing technology and alternative payment methods in travel.

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.