Despegar (DESP) has released an update.
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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.
For further insights into DESP stock, check out TipRanks’ Stock Analysis page.
