Despegar.com Announces 1Q21 Financial Results

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Go back to Despegar.com Announces 1Q21 Financial Results

Despegar.com Corp. (DESP) Misses Q1 EPS by 19c, Revenues Miss

May 19, 2021 6:12 AM EDT

Despegar.com Corp. (NYSE: DESP) reported Q1 EPS of ($0.47), $0.19 worse than the analyst estimate of ($0.28). Revenue for the quarter came in at $51.9 million versus the consensus estimate of $54.47 million.

First Quarter 2021 Key Financial and Operating Highlights
(For definitions, see page 14)

Impacted by the quarter spike in COVID-19 pandemic, Gross Bookings declined 8% quarter-over-quarter (QoQ) to $369.2 million, 53% year-over-year (YoY) and 68% in comparison with 1Q19, a pre-pandemic period1. Excluding Brazil and Argentina, Gross Bookings would have increased 11% QoQ.Transactions decreased 2% QoQ. Excluding Brazil, Transactions grew 12% sequentially. Transactions declined 40% (YoY) and 54% when... More