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. operates a Latin American online travel and travel technology platform serving travelers across the region through brands including Despegar, Decolar, Best Day, Viajes Falabella, Viajanet Stays and Koin. Company news has centered on travel bookings, revenue and adjusted EBITDA results, travel package mix, foreign-exchange conditions, and growth in B2B and white-label travel partnerships.
Recurring developments also include Despegar’s technology and service portfolio, such as its SOFIA AI travel assistant, alternative payment and financing methods, and partnerships with hotels and travel agencies. In 2025, news coverage documented the completed acquisition of Despegar by Prosus following shareholder and regulatory approvals.
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.
Despegar.com, Corp. (NYSE: DESP), the top online travel company in Latin America, is set to release its Fourth Quarter 2020 financial results on March 11, 2021, before the market opens. A conference call will follow at 8:00 a.m. ET on the same day. The company is currently in a quiet period from February 22 to March 11, 2021. Despegar serves over 18 million customers and operates in 20 countries across the region, offering a wide range of travel services including flights, accommodations, and activities.
Despegar.com (NYSE: DESP) announced its Q3 2020 results, reporting gross bookings of $165.3 million, a significant 86% decline YoY, though a 229% increase sequentially. Revenue was $11.7 million, down 91% YoY but up from negative revenue in Q2. Adjusted EBITDA loss improved to $33.7 million from $65.8 million in Q2. The company has a solid cash position of $386 million after a $200 million capital raise. Despegar completed the acquisition of Best Day Travel Group, which is expected to enhance its domestic travel focus, especially in Mexico amidst ongoing travel restrictions in other regions.
Despegar.com, Corp. (NYSE: DESP), Latin America's leading online travel company, will announce its Q3 2020 results on November 12, 2020, before the market opens. A conference call will follow at 8:00 a.m. Eastern Time. The company is currently in a quiet period from October 28 to November 12, 2020. Despegar serves over 18 million customers, offering a wide array of travel services, including flights, accommodations, and car rentals, through its platforms.
Despegar.com (NYSE:DESP) has successfully acquired Best Day Travel Group, a leading Mexican travel agency, as of October 1, 2020. The acquisition, valued at approximately US$56.5 million, positions Despegar to enhance its offerings in the Hotels, Packages, and Other Travel Products segment, particularly benefiting from Best Day's strong market presence. Best Day generated approximately US$140 million in revenue in 2019, with 95% from its core segments. The deal includes a potential additional payment based on share performance, facilitating a cash-preserving strategy amidst ongoing global travel challenges.