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

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

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

May 9, 2019 5:55 AM EDT

BUENOS 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 months ended March 31, 2019. Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles.

First Quarter 2019 Key Financial and Operating Highlights

Transactions up 5% year-over-year, with Room Nights up 4% YoY Gross bookings reached $1.2 billion, a year-over-year increase of 24% on an FX neutral basis (down 6% as reported) Excluding Argentina,... More