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Despegar.com Corp. (DESP)
NYSE:DESP
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.38Last Year’s EPS
$0.17Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 15, 2024
|% Change Since: -1.41%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
The call highlighted strong financial performance with record take rates, adjusted EBITDA, and net income growth. Positive developments in partnerships and technology initiatives were significant. However, challenges remain with foreign exchange headwinds and transaction declines in key markets like Mexico, balancing the overall sentiment.Company Guidance
During Despegar's Q3 2024 earnings call, the company reported a robust financial performance with several key metrics highlighted. Gross bookings slightly declined to $1.3 billion due to foreign exchange headwinds, but in constant currency, they exhibited a 35% year-over-year growth. The company achieved a record high take rate of 14.6%, driven by a 250 basis point increase in packaged sales, which now constitute 33% of gross bookings. Total revenues rose 9% year-over-year to $194 million, and when adjusted for foreign exchange, they increased by 53%. Non-air revenues represented 62% of the consolidated top line. The company reported a gross margin of nearly 74%, the strongest since its IPO in 2017, and adjusted EBITDA soared 94% year-over-year to $48 million, with an adjusted EBITDA margin of 25%. Adjusted net income increased 309% year-over-year to $36 million, and adjusted earnings per share rose to $0.34. In the B2B segment, gross bookings grew 23% year-over-year, now accounting for nearly 19% of total gross bookings. Despegar also announced a new 10-year lodging outsourcing agreement with Expedia, set to begin on January 1, 2025.Record High Take Rate
Achieved a record high take rate of 14.6%, driven by package sales and recovery in Argentina, significantly contributing to revenue growth.
Strong Growth in B2B Segment
B2B gross bookings grew by 23% year-over-year, representing 19% of total gross bookings, reflecting a strong technological platform and new partnerships.
Adjusted EBITDA and Net Income Growth
Adjusted EBITDA increased by 94% year-over-year to $48 million, with an adjusted EBITDA margin at an all-time high of 25%. Adjusted net income rose by 309% year-over-year to $36 million.
Positive Reception of AI Assistant SOFIA
The AI travel assistant SOFIA has seen increased adoption, doubling user interactions every 5 weeks and contributing to a NPS score of 71.1%.
New Partnership with Expedia
Signed a new 10-year lodging outsourcing agreement with Expedia, expected to enhance growth opportunities and improve net asset position.
Loyalty Program Growth
Pasaporte Despegar loyalty program grew by over 50% year-over-year, reaching 30 million members, enhancing customer retention and satisfaction.
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DESP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DESP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 15, 2024 | $14.86 | $17.37 | +16.89% |
| Aug 15, 2024 | $10.97 | $10.29 | -6.20% |
| May 16, 2024 | $12.54 | $14.94 | +19.14% |
| Mar 14, 2024 | $9.89 | $11.32 | +14.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Despegar.com Corp. (DESP) report earnings?
Despegar.com Corp. (DESP) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Despegar.com Corp. (DESP) earnings time?
Despegar.com Corp. (DESP) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DESP EPS forecast?
DESP EPS forecast for the fiscal quarter 2024 (Q4) is $0.38.
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