Release Date: November 14, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Despegar.com Corp (NYSE:DESP) 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 (NYSE: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.
Gross bookings declined slightly to $1.3 billion due to foreign exchange headwinds, particularly in Brazil and Mexico.
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