Despegar.com Announces 1Q20 Financial Results
Despegar.com, Corp. Ordinary Shares (DESP)
Last despegar.com, corp. ordinary shares earnings: 3/5 06:00 am
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Source: Business Wire
Top Line Performance Reflects Travel Disruption from COVID-19 PandemicCompany Maintains Solid Balance SheetImplementing Cost Control and Cash Preservation Measures Across the Company BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP), (“Despegar” or the “Company”) a leading online travel company in Latin America, today announced unaudited results for the three-months ended March 31, 2020. Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles.First Quarter 2020 Key Financial and Operating Highlights(For definitions, see page 13)Gross bookings on an FX neutral basis declined 19% year-over-year (YoY) and as reported declined 32% YoY to $790 millionRevenues declined 34% YoY on an FX neutral basis and 43% as reported to $76.1 million. Excluding extraordinary cancellations due to COVID-19, as reported revenues would have declined 33% to $88.6 million.Transactions and Room Nights down 23% a
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News
- Despegar.com, Corp. (NYSE: DESP) had its "neutral" rating re-affirmed by analysts at Citigroup Inc.. They now have a $14.50 price target on the stock, up previously from $11.50.MarketBeat
- Analysts Are Optimistic We'll See A Profit From Despegar.com, Corp. (NYSE:DESP) [Yahoo! Finance]Yahoo! Finance
- Artisan International Explorer Fund Q1 2024 Commentary [Seeking Alpha]Seeking Alpha
- Despegar Announces the Filing of its Annual Report on Form 20-F for Fiscal Year 2023Business Wire
- Despegar.com (DESP) Is Up 3.38% in One Week: What You Should Know [Yahoo! Finance]Yahoo! Finance
DESP
Earnings
- 3/14/24 - Miss
DESP
Sec Filings
- 4/29/24 - Form 6-K
- 4/26/24 - Form 20-F
- 4/3/24 - Form SC
- DESP's page on the SEC website