Despegar.com Announces 4Q24 and FY24 Financial Results

• Despegar.com (DESP, Financial) reports a robust 18% YoY growth in adjusted EBITDA, reaching $51.5 million for 4Q24.
• FY24 revenue increased by 10% YoY, with adjusted EBITDA surging by 52% to $175.2 million.
• Prosus set to acquire Despegar for $19.50 per share, with the transaction expected to close in Q2 2025.

Despegar.com, the leading travel technology company in Latin America, has announced its financial results for the fourth quarter and full-year 2024, showing significant growth in revenues and adjusted EBITDA. For the fourth quarter of 2024, the company’s revenue rose by 8.7% year-over-year (YoY) to $221.4 million, driven by a robust take rate of 14.7%. On an FX neutral basis, revenue saw an impressive increase of 44% YoY.

The company’s adjusted EBITDA for 4Q24 grew by 18% YoY, reaching $51.5 million, as the adjusted EBITDA margin expanded by 187 basis points to 23.3%. Despite facing FX headwinds resulting in a net loss of $8.3 million, the adjusted net income increased…