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.
Despegar.com, Corp. (NYSE: DESP), the leading online travel company in Latin America, will host its Analyst and Investor Day on June 14, 2022, in New York, NY. Presentations will be made by CEO Damián Scokin and CFO Alberto López Gaffney, starting at 2:00 PM, with registration beginning at 1:30 PM. The event is open to equity analysts and institutional investors, with a reception to follow. Pre-registration is required by June 7, 2022. Despegar has been pivotal in the tourism sector, servicing over 29 million customers across 20 countries.
Despegar.com reported strong fourth quarter 2021 results, with Gross Bookings up 46% quarter-over-quarter to $958.8 million, reaching 75% of pre-pandemic levels. Revenues rose 49% QoQ to $124.6 million, equating to 86% of 4Q19 figures. The company achieved an Adjusted EBITDA of $9.0 million, a 9% increase from 4Q19, despite lower Gross Bookings. Notably, the loyalty program membership nearly tripled, totaling 2.8 million. Despegar also announced the acquisition of a 51% stake in Stays for approximately $3.1 million, enhancing its position in Brazil's vacation rental market.
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.