Despegar Com Stock Price, News & Analysis

Despegar.com, Corp. (NYSE: DESP), the top online travel platform in Latin America, is set to report its Fourth Quarter 2021 results on March 10, 2022, before market opens. A conference call will follow at 8:00 a.m. ET. The company is entering a quiet period starting March 2 through March 10. Despegar offers a wide range of travel services, serving over 18 million customers across 20 countries, featuring products from over 270 airlines and 690,000 accommodations.

Despegar.com, Corp. (NYSE: DESP) reported significant financial recovery in 3Q21, with Gross Bookings rising 34% quarter-over-quarter to $657.3 million, reflecting a 298% year-over-year increase. However, bookings remain 44% below pre-pandemic levels of 3Q19. Revenues reached $83.4 million, up 32% QoQ but down 37% YoY. Adjusted EBITDA loss narrowed to $10.3 million, the best performance since 2Q20. The company also launched a loyalty program milestone and a co-branded credit card in Mexico, anticipating stronger domestic travel amid easing COVID-19 restrictions.

Despegar.com (NYSE: DESP), Latin America's leading online travel company, is set to release its Third Quarter 2021 earnings on November 17, 2021, before market open. The accompanying conference call will occur at 8:00 a.m. ET. A quiet period will be in effect from November 3 to November 17, 2021. Despegar operates in 20 countries, offering services to over 18 million customers, featuring products from more than 270 airlines and 690,000 accommodations.

Despegar.com, Corp. (NYSE: DESP) reported 2Q21 financial results, highlighting a 32% QoQ increase in Gross Bookings to $488.9 million and a staggering 899% YoY rise. Revenues reached $63.1 million, up 22% QoQ, rebounding from a negative $9.7 million in 2Q20. Adjusted EBITDA losses narrowed to $22.3 million, compared to $57.4 million in 2Q20. Mobile transactions accounted for 45% of total, a 4 percentage point increase from 2Q19. The company launched a loyalty program in Mexico in July 2021, aiming to capitalize on increasing travel demand, especially in Mexico and Colombia.

Despegar.com, Corp. (NYSE: DESP) will release its Second Quarter 2021 financial results on August 19, 2021, before market opens. A conference call scheduled for the same day at 8:00 a.m. ET will discuss results. The company will enter a quiet period from August 4 to August 19. Despegar is a leading online travel company in Latin America, serving over 18 million customers with comprehensive travel options, including flights, accommodations, and activities.

Despegar.com reported 1Q21 results, showing a strong pandemic impact. Gross Bookings fell 53% YoY to $369.2 million, with Revenue down 32% to $51.9 million. Adjusted EBITDA was a loss of $20.0 million. Despite challenges, the company maintained a solid cash position of $325.7 million. The CEO noted improvements in Mexico and Andean regions, and emphasized a focus on profitability amid ongoing travel demand uncertainties. The company expects continued stagnation in recovery through 2Q21 but remains optimistic about future demand growth.

Despegar.com, Corp. (NYSE: DESP) will report its First Quarter 2021 results on May 19, 2021, before the market opens. A conference call will follow at 8:00 a.m. Eastern Time on the same day. The company will enter a quiet period from May 11 through May 19, 2021. Despegar, a leading online travel company in Latin America, offers services across 20 countries, catering to over 18 million customers with products from over 270 airlines and more than 690,000 accommodation options.

Despegar.com, Corp. (NYSE: DESP) filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on April 30, 2021. This report is accessible on Despegar's website and at the SEC's site. Despegar, a leading online travel company in Latin America, serves over 18 million customers across 20 countries. It offers over 690,000 accommodations and products from 270 airlines, alongside various travel services. More information can be found at www.despegar.com.

Despegar.com reported 4Q20 results, showing a 354% increase in revenues to $53.2 million QoQ, though down 63% YoY. Transactions grew 111% QoQ, totaling 1.3 million, but declined 56% YoY. Gross bookings reached $401.3 million, up 143% QoQ yet down 69% YoY. Adjusted EBITDA loss decreased to $21.4 million from $33.7 million QoQ. The company maintained a solid cash position of $350.5 million. CEO Damian Scokin noted improvements despite ongoing challenges, emphasizing the potential for a bumpy recovery in travel demand due to COVID-19 impacts.