Despegar.com Announces 4Q18 Year-over-Year Growth of 11% in Transactions and Gross Bookings up 28% on an FX Neutral Basis Driving Further Market Share Gains

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Go back to Despegar.com Announces 4Q18 Year-over-Year Growth of 11% in Transactions and Gross Bookings up 28% on an FX Neutral Basis Driving Further Market Share Gains

Despegar.com, Corp. (DESP) Misses Q4 EPS by 2c, Revenues Beat

March 7, 2019 6:05 AM EST

Despegar.com, Corp. (NYSE: DESP) reported Q4 EPS of $0.04, $0.02 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $127.8 million versus the consensus estimate of $126.03 million.

Transactions up 11% year-over-yearRoom Nights up 8% YoYEstimated Air Market share grew 130 basis points YoYGross bookings reached $1.2 billion, a year-over-year increase of 28% on an FX neutral basis (down 4% as reported)Excluding Argentina, transactions, room nights and gross bookings increased 18%, 33%, and 16% YoY, respectivelyRevenues totaled $133 million, up 9% on an FX neutral basis (down 13% as reported)Packages, Hotels and Other... More