Despegar.com Announces 2Q18 Year-over-Year Growth of 18% in Transactions and 12% in Gross Bookings

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Go back to Despegar.com Announces 2Q18 Year-over-Year Growth of 18% in Transactions and 12% in Gross Bookings

Despegar.com, Corp. (DESP) Misses Q2 EPS by 5c, Revenues Miss

August 16, 2018 6:07 AM EDT

Despegar.com, Corp. (NYSE: DESP) reported Q2 EPS of $0.02, $0.05 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $128.3 million versus the consensus estimate of $133.55 million.

Transactions up 18% year-over-yearGross bookings up 12% year-over-yearRevenue up 4% year-over-yearPackages, Hotels and Other Travel Products accounted for 59% of total revenue in 2Q18, up 704 basis points from second quarter 2017Mobile transactions up 37% year-over-year, accounting for 33% of total transactions in 2Q18Over 43 million cumulative mobile application downloads as of June 30, 2018, up 32% year-over-yearAdjusted EBITDA decreased... More