Despegar.com reports Q4 adjusted EPS 16c, consensus 39c

Reports Q4 revenue $212.4M, consensus $212.4M. Gross Bookings decreased 1% YoY, on an as-reported basis mainly due to FX headwinds. Damian Scokin, Despegar’s CEO, said: “We believe Despegar delivered strong results in Q4 and FY24, underscoring market leadership through key milestones. During the year we launched Sofia, our award winning AI travel assistant that transformed travel planning in Latin America with personalized real-time insights. We also expanded our B2B and White Label offerings, fortifying partnerships across the travel ecosystem. We further streamlined operations during 2024 by spinning off our DMC business through a partnership, sharpening our focus on core growth. Soon after, we redefined our Expedia partnership through a 10-year lodging outsourcing deal, boosting sourcing flexibility and broadening our travel portfolio. Most recently, at the beginning of 2025, we entered into a new partnership with HBX Group, further broadening the range of lodging options and travel packages available to our clients.”