Revenue: US$193.9m (up 8.9% from 3Q 2023).
Net income: US$8.93m (up from US$315.0k loss in 3Q 2023).
Profit margin: 4.6% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revenue exceeded analyst estimates by 2.2%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company’s shares are up 16% from a week ago.
Before we wrap up, we’ve discovered 1 warning sign for Despegar.com that you should be aware of.
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