Despegar (DESP) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Despegar.com, a leading travel technology company in Latin America, reported a 94% increase in its third-quarter 2024 adjusted EBITDA, reaching a record $48 million, despite facing foreign exchange challenges. The company’s revenues rose by 9% year-over-year, driven by strong demand and strategic partnerships, including a renewed agreement with Expedia and a new SaaS partnership with Karisma Hotels & Resorts. Despegar also reported a significant increase in its loyalty program members and app transactions, highlighting its robust growth and market resilience.
For further insights into DESP stock, check out TipRanks’ Stock Analysis page.
