Despegar.com Corp. (DESP) Misses Q1 EPS by 19c, Revenues Miss
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Despegar.com Announces 1Q21 Financial Results
May 19, 2021 6:00 AM EDTDiversification strategy partially offsets lower Gross Bookings in Brazil and Argentina. Excluding both countries, Gross Bookings +11% Quarter-on-Quarter (QoQ)
Revenue Margins up 78 bps QoQ to 14%
Strong balance sheet with nearly $326 million in cash, cash equivalents and restricted cash
BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)-- Despegar.com, Corp. (NYSE: DESP), (Despegar or the Company) the leading online travel company in Latin America, today announced unaudited results for the three-months ended March 31, 2021 (1Q21). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally... More
