Release Date: November 14, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Despegar.com Corp (DESP, Financial) reported a record high take rate of 14.6%, driven by successful commercial efforts and a focus on package sales.
- The company achieved a 35% year-over-year growth in gross bookings in constant currency, highlighting strong business fundamentals.
- Adjusted EBITDA increased by 94% year-over-year, reaching $48 million, marking a new record for the company.
- Despegar.com Corp (DESP) signed a new 10-year lodging outsourcing agreement with Expedia, enhancing growth opportunities and improving net asset position.
- The launch of Sophia, an AI travel assistant, has significantly improved customer engagement and is being offered as a software as a service to business partners.
Negative Points
- Gross bookings declined slightly to $1.3 billion due to foreign exchange headwinds, particularly in Brazil and…
