Despegar.com Q3 2023 Earnings Report

Despegar.com EPS Results

• Actual EPS: $0.12
• Consensus EPS: $0.09
• Beat/Miss: Beat by +$0.03
• One Year Ago EPS: N/A

Despegar.com Revenue Results

• Actual Revenue: $178.15 million
• Expected Revenue: $172.34 million
• Beat/Miss: Beat by +$5.81 million
• YoY Revenue Growth: N/A

Despegar.com Announcement Details

• Quarter: Q3 2023
• Date: 11/9/2023
• Time: N/A

Despegar.com (NYSE:DESP), an online travel company, provides a range of travel and travel-related products to leisure and corporate travelers through its websites and mobile applications in Latin America and the United States. The company operates in two segments, Travel Business and Financial Services Business. It sells airline tickets, travel packages, hotel rooms, car rentals, bus and cruise tickets, travel insurance, destination services, and other travel-related products, which enable consumers to find, compare, plan, and purchase travel products through its marketplace. The company also provides a technology platform for its travel suppliers to manage the distribution of their travel products and access to traveler customers. In addition, it offers loan origination services to its travel business' customers and to customers of other merchants in various industries; processing, fraud identification, credit scoring and IT services to travel business, and to third-party merchants; and Koin, an online payment and consumer lending services platform. The company offers travel products and services under the Despegar, Decolar, Best Day, BD Experience, and HotelDo brands. Despegar.com, Corp. was founded in 1999 and is based in Buenos Aires, Argentina.