Despegar.com reports Q2 revenue $185M, consensus $184.93M

Damian Scokin, Despegar’s CEO, said: “Despegar’s strong performance in the second quarter was driven by our ongoing commercial efforts to improve our revenue mix through higher package sales, in addition to robust demand in our key markets, Brazil and Mexico. Another key pillar of our growth strategy is Despegar’s B2B and White Label operations, which continue to grow. We are particularly excited about new White Label partnerships that we have signed with our first global super-app partner in Latin America, with Scotiabank, Chile, a leading financial institution, as well as with Elektra Mexico’s retail and financial services conglomerate. These partnerships not only offer substantial growth opportunities, given the strength of our partners’ respective brands and their massive customer bases in the region, but also attest to the quality and flexibility of our industry-leading travel technology platform.”