Despegar (DESP) has released an update.
Despegar.com, the Latin American travel technology leader, reports a strong second quarter in 2024 with a 22% increase in Adjusted EBITDA and a 12% rise in revenues. Despite foreign exchange headwinds, the company’s robust underlying business trends led to revenue growth and a significant rise in Adjusted Net Income by 397%. Despegar also announced a strategic alliance with World2Meet and updated its 2024 financial guidance, raising Adjusted EBITDA expectations but lowering revenue projections due to FX impacts.
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