Despegar.com Announces 1Q19 Year-over-Year Transaction Growth of 5% and Gross Bookings up 24% on an FX Neutral Basis

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Go back to Despegar.com Announces 1Q19 Year-over-Year Transaction Growth of 5% and Gross Bookings up 24% on an FX Neutral Basis

Despegar.com, Corp. (DESP) Misses Q1 EPS by 2c, Revenues Beat

May 9, 2019 6:14 AM EDT

Despegar.com, Corp. (NYSE: DESP) reported Q1 EPS of $0.03, $0.02 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $133.1 million versus the consensus estimate of $128.9 million.

First Quarter 2019 Key Financial and Operating Highlights

Transactions up 5% year-over-year, with Room Nights up 4% YoYGross bookings reached $1.2 billion, a year-over-year increase of 24% on an FX neutral basis (down 6% as reported)Excluding Argentina, transactions, room nights and gross bookings increased 11%, 22%, and 7% YoY, respectivelyShare of mobile transactions up 720 basis points YoY,... More