Despegar.com Announces 1Q20 Financial Results

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Go back to Despegar.com Announces 1Q20 Financial Results

Despegar.com Corp. (DESP) Tops Q1 EPS by 7c, Revenues Miss

May 4, 2020 6:09 AM EDT

Despegar.com Corp. (NYSE: DESP) reported Q1 EPS of ($0.22), $0.07 better than the analyst estimate of ($0.29). Revenue for the quarter came in at $76.1 million versus the consensus estimate of $78.25 million.

First Quarter 2020 Key Financial and Operating Highlights
(For definitions, see page 13)

Gross bookings on an FX neutral basis declined 19% year-over-year (YoY) and as reported declined 32% YoY to $790 millionRevenues declined 34% YoY on an FX neutral basis and 43% as reported to $76.1 million. Excluding extraordinary cancellations due to COVID-19, as reported revenues would have declined 33% to $88.6 million.Transactions and Room Nights down 23%... More