Despegar.com, Corp. (DESP) Misses Q2 EPS by 5c, Revenues Miss
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Despegar.com Announces 2Q18 Year-over-Year Growth of 18% in Transactions and 12% in Gross Bookings
August 16, 2018 6:00 AM EDTBUENOS AIRES, Argentina--(BUSINESS WIRE)-- Despegar.com, Corp. (NYSE: DESP), (Despegar or the Company) a leading online travel company in Latin America, today announced unaudited results for the three- and six-month periods ended June 30, 2018. Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles.
Second Quarter 2018 Key Highlights
Transactions up 18% year-over-year Gross bookings up 12% year-over-year Revenue up 4% year-over-year Packages, Hotels and Other Travel Products accounted for 59% of total revenue in 2Q18, up 704 basis... More