Despegar.com Announces 2Q19 Year-Over-Year Gross Bookings Up 15% on an FX Neutral Basis

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Go back to Despegar.com Announces 2Q19 Year-Over-Year Gross Bookings Up 15% on an FX Neutral Basis

Despegar.com, Corp. (DESP) Misses Q2 EPS by 3c

August 8, 2019 5:57 AM EDT

Despegar.com, Corp. (NYSE: DESP) reported Q2 EPS of ($0.23), $0.03 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $114.1 million versus the consensus estimate of $114.9 million.

Gross bookings of $1.1 billion, up 15% year-over-year on an FX neutral basis (down 6% as reported)Transactions and Room Nights down 6% and 8% YoY, respectively.Excluding Argentina, transactions declined 4% and Room Nights were flat YoY, while gross bookings increased 3%Share of mobile transactions up 552 basis points YoY, accounting for 38% of total transactionsNet Promoter Score (NPS) up 380 bps YoYRevenues... More