Full-Year 2024 Financial and Operating Highlights
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Total Gross Bookings reached $5.5 billion, representing a 2% YoY increase
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Total Revenue grew by 10% YoY to $774.1 million, compared to $706.0 million for FY23 (vs the FY24 revenue guidance of at least $760 million).
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Adjusted EBITDA increased 52% YoY to $175.2 million, $5 million vs the revised guidance of at least $170 million, while Net Income increased by 13.9% YoY from $24.5 million to $27.9 million
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Included in Russell 2000 and Russell 3000 equity indexes, on July 1, 2024
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In 3Q24, Despegar formed a strategic alliance with World2Meet, leading to the divestiture of its Destination Management Company, BDexperience. The transaction included the transfer of nearly 600 employees to World2Meet
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Renewed its lodging outsourcing agreement with Expedia, solidifying its strategic partnership with the company
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In 3Q24, signed its first SaaS partnership with Karisma Hotels & Resorts, licensing SOFIA, Despegar’s AI travel assistant to…
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