Despegar.com Corp. (DESP) Misses Q1 EPS by 31c

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Despegar.com Announces 1Q22 Financial Results

May 19, 2022 6:00 AM EDT

Gross Bookings up 118% YoY, reaching 69% of pre-pandemic levels

Adjusted EBITDA of $12.3 million, excluding Koin, the second consecutive positive quarter

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 financial results for the three-months ended March 31, 2022 (1Q22). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles (U.S. GAAP). Financial results are preliminary and subject to year-end audit and adjustment.

Financial and Operating... More