Despegar.com, Corp., online travel company, provides a range of travel and travel-related products through its websites and mobile applications in Latin America. The company operates through two segments, Air; and Packages, Hotels and Other Travel Products. The company offers airline tickets; travel packages, hotel rooms, car rentals, bus tickets, cruise tickets, travel insurance, destination services, and other travel-related products, which enable consumers to find, compare, plan, and purchase travel products through its marketplace. It also provides a technology platform for its travel suppliers to manage the distribution of their travel products and access to traveler customers. The company offers travel products and services under the Despegar, Decolar, Best Day, BD Experience, and HotelDo brands. Despegar.com, Corp. was founded in 1999 and is based in Buenos Aires, Argentina.
IPO Year: 2017
Exchange: NYSE
Website: despegar.com.ar
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/24/2024 | Sell → Hold | TD Cowen | |
| 11/25/2024 | $12.00 → $14.00 | Buy → Sell | TD Cowen |
| 4/29/2024 | $11.50 → $14.50 | Buy → Neutral | Citigroup |
| 3/7/2024 | $11.00 | Overweight | Cantor Fitzgerald |
| 8/11/2023 | $6.50 → $13.00 | Equal-Weight → Overweight | Morgan Stanley |
| 6/22/2023 | $10.00 | Buy | B. Riley Securities |
| 8/26/2022 | $15.00 → $12.00 | Buy | Citigroup |
| 1/25/2022 | Neutral → Buy | Citigroup | |
| 1/25/2022 | $15.00 | Neutral → Buy | Citigroup |
| 1/20/2022 | $23.00 → $20.00 | Overweight | Keybanc |
6-K - Despegar.com, Corp. (0001703141) (Filer)
20-F - Despegar.com, Corp. (0001703141) (Filer)
6-K - Despegar.com, Corp. (0001703141) (Filer)
6-K - Despegar.com, Corp. (0001703141) (Filer)
6-K - Despegar.com, Corp. (0001703141) (Filer)
SCHEDULE 13G/A - Despegar.com, Corp. (0001703141) (Subject)
6-K - Despegar.com, Corp. (0001703141) (Filer)
6-K - Despegar.com, Corp. (0001703141) (Filer)
6-K/A - Despegar.com, Corp. (0001703141) (Filer)
6-K - Despegar.com, Corp. (0001703141) (Filer)
4Q24 Revenue increased Rising 8.7% YoY to $221.4 Million and adjusted EBITDA Increased 18% YoY to $51.5 million, FY24 Revenue Grew 10% YoY and Adjusted EBITDA Increased 52% YoY Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced unaudited financial results for the three-months ended December 31, 2024 ("Fourth quarter 2024" or "4Q24") and full year 2024 ("FY24"). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). Financial results are preliminary and subject to year-end audit and adjustments. All comparisons in this ann
Record profitability with 3Q24 Adjusted EBITDA up 94% YoY and Revenues Increasing 9% YoY; Raising FY24 Adjusted EBITDA Guidance Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced unaudited financial results for the three-months ended September 30, 2024 ("third quarter 2024" or "3Q24"). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). Financial results are preliminary and subject to year-end audit and adjustments. All comparisons in this announcement are year-over-year ("YoY"), unless otherwise noted. 3Q24 Financia
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced that it will report its Third Quarter 2024 results on Thursday, November 14, after the market close. Earnings Release Thursday, November 14, 2024 Time: After Market Close Conference Call Thursday, November 14, 2024 Time: 4:30 p.m. Eastern Time To participate, please dial +1 (888) 330-2413 (U.S. domestic) +1 (240) 789-2721 (International) Please press # to be connected to an operator Pre-Register for the conference call Please use the following link to pre-register for this conference call. Callers who pre-register will be given a unique PIN to gain immediat
Profitable Growth Continues with 2Q24 Adjusted EBITDA up 22% YoY and Revenues Increasing 12% YoY; Raising FY24 Adjusted EBITDA Guidance Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced unaudited financial results for the three-months ended June 30, 2024 ("second quarter 2024" or "2Q24"). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). Financial results are preliminary and subject to year-end audit and adjustments. All comparisons in this announcement are year-over-year ("YoY"), unless otherwise noted. 2Q24 Fina
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced that it will report its Second Quarter 2024 results on Thursday, August 15, after the market close. Earnings Release Thursday, August 15, 2024 Time: After Market Close Conference Call Thursday, August 15, 2024 Time: 4:30 p.m. Eastern Time To participate, please dial +1 800 715 9871 (U.S. domestic) +1 646 307 1963 (International) Please press # to be connected to an operator Pre-Register for the conference call Please use the following link to pre-register for this conference call. Callers who pre-register will be given a unique PIN to gain immediate
Profitable Growth Continues with 1Q24 Adjusted EBITDA up 126% YoY and Revenues Increasing 9% YoY Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced unaudited financial results for the three-months ended March 31, 2024 ("first quarter 2024" or "1Q24"). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). Financial results are preliminary and subject to year-end audit and adjustments. All comparisons in this announcement are year-over-year ("YoY"), unless otherwise noted. 1Q24 Financial and Operating Highlights (for def
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced that it will report its First Quarter 2024 results on Thursday, May 16, after the market close. Earnings Release Thursday, May 16, 2024 Time: After Market Close Conference Call Thursday, May 16, 2024 Time: 4:30 p.m. Eastern Time To participate, please dial +1 800 715 9871 (U.S. domestic) +1 646 307 1963 (International) Please press # to be connected to an operator Pre-Register for the conference call Please use the following link to pre-register for this conference call. Callers who pre-register will be given a unique PIN to gain immediate access to
Robust FY23 Performance with Revenue Growing 31% YoY and Adjusted EBITDA Increasing 176% YoY 4Q23 Adjusted EBITDA Increased 248% YoY to $43.6 million, with Improving Operating Efficiency and Strong Revenue Rising 40% YoY to a Record $203.7 Million Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced unaudited financial results for the three-months ended December 31, 2023 ("fourth quarter 2023" or "4Q23") and full year 2023. Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). Financial results are preliminary and subjec
Despegar.com, Corp. (NYSE:DESP), the leading travel technology company in Latin America, today announced that it will report its Fourth Quarter 2023 results on Thursday, March 14, after the market close. Earnings Release Thursday, March 14, 2024 Time: After Market Close Conference Call Thursday, March 14, 2024 Time: 4:30 p.m. Eastern Time Quiet Period Thursday, February 29, through Thursday, March 14, 2024 To participate, please dial +1 800 715 9871 (U.S. domestic) +1 646 307 1963 (International) Please press # to be connected to an operator Pre-Register for the conference call Please use the following link to pre-register for this conference call. Callers who pre-register will
Adj. EBITDA Increases 106% YoY on Record Quarterly Revenues and Improving Operational Efficiency Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced unaudited financial results for the three-months ended September 30, 2023 ("third quarter 2023" or "3Q23"). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). Financial results are preliminary and subject to year-end audit and adjustments. All comparisons in this announcement are year-over-year ("YoY"), unless otherwise noted. 3Q23 Financial and Operating Highlights (for
TD Cowen upgraded Despegar.com from Sell to Hold
TD Cowen downgraded Despegar.com from Buy to Sell and set a new price target of $14.00 from $12.00 previously
Citigroup downgraded Despegar.com from Buy to Neutral and set a new price target of $14.50 from $11.50 previously
Cantor Fitzgerald initiated coverage of Despegar.com with a rating of Overweight and set a new price target of $11.00
Morgan Stanley upgraded Despegar.com from Equal-Weight to Overweight and set a new price target of $13.00 from $6.50 previously
B. Riley Securities initiated coverage of Despegar.com with a rating of Buy and set a new price target of $10.00
Citigroup resumed coverage of Despegar.com with a rating of Buy and set a new price target of $12.00 from $15.00 previously
Citigroup upgraded Despegar.com from Neutral to Buy
Citigroup upgraded Despegar.com from Neutral to Buy and set a new price target of $15.00
Keybanc reiterated coverage of Despegar.com with a rating of Overweight and set a new price target of $20.00 from $23.00 previously
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading online travel company, today announced that Mr. Amit Singh has been appointed Chief Financial Officer (CFO), effective August 21, 2023. Mr. Singh brings significant financial and capital market experience to Despegar and will be responsible for overseeing Despegar's Finance, Accounting, Tax and Treasury operations and Investor Relations. He will report to Damián Scokin, Chief Executive Officer (CEO). Mr. Singh comes to Despegar with over 15 years of finance experience, including most recently as the CFO of Nasdaq-listed AgileThought, a global provider of digital transformation services and custom softwa
Ramiro Lauzan Appointed to Despegar's Board as well as Nomination & Compensation and Strategy Committees Dirk Donath Resigned as Director and Will Continue to Serve as Observer of the Board Despegar.com, Corp. (NYSE:DESP) ("Despegar"), the leading online travel company in Latin America, today announced that Dirk Donath, a member of the board of directors of the Company appointed by LCLA Daylight LP, an affiliate of L Catterton Latin America III, L.P., has resigned as a director and member of the Board's Nomination & Compensation and Strategy committees, effective June 24, 2022, in connection with a rotation by L Catterton of its appointed directors. Mr. Donath will continue to serve as an
4Q24 Revenue increased Rising 8.7% YoY to $221.4 Million and adjusted EBITDA Increased 18% YoY to $51.5 million, FY24 Revenue Grew 10% YoY and Adjusted EBITDA Increased 52% YoY Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced unaudited financial results for the three-months ended December 31, 2024 ("Fourth quarter 2024" or "4Q24") and full year 2024 ("FY24"). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). Financial results are preliminary and subject to year-end audit and adjustments. All comparisons in this ann
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, announces a strategic partnership with HBX Group, a leading independent B2B travel technology marketplace. This collaboration marks a relevant step towards expanding Despegar's service offerings, particularly by integrating HBX Group's European and North American non-air inventory into Despegar's platform. Through this partnership Despegar plans to offer its customers—both B2C and B2B—wider access to HBX Group's diverse range of accommodations and travel solutions. By leveraging HBX Group's inventory, Despegar aims to further enhance its travel packages and lodging offerings,
Prosus, a global technology company, today announces that it has entered into a definitive agreement to acquire Despegar (NYSE:DESP) a leading Latin American Online Travel Agency (OTA), for $19.50 per share, equating to a 33% premium to the closing share price as of 20 December 2024, and a 34% premium to Despegar's 90-day VWAP (volume weighted average price). The proposed transaction was approved by Despegar's board of directors, who recommended that Despegar shareholders vote in favour of the proposed transaction following the unanimous recommendation by a transaction committee. The transaction introduces a significant and compelling addition to Prosus's Latin America ecosystem, which, p
Key Highlights: Despegar, a global leader in online travel services, and Prosus, a leading global technology company, join forces in an all cash transaction Shareholders of Despegar will receive $19.50 per share in cash, which represents an approximately 33% premium over its closing price of $14.65 and a premium of approximately 34% over its 90-day volume weighted average trading price The transaction values Despegar at $1.7bn Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced that it has entered into a definitive merger agreement ("the Agreement") to be acquired by Prosus (Euronext: PRX), a leading g
Company to Leverage L Catterton's Global Pet Industry Experience to Accelerate Veterinary Platform Expansion in Brazil GREENWICH, Conn., Nov. 18, 2024 /PRNewswire/ -- L Catterton, a leading global consumer-focused investment firm, today announced that it has made a strategic investment in WeVets (the "Company"), a leading independent veterinary hospital group in Brazil operating 24-hour centers and diagnostic labs, making high-quality veterinary care more accessible throughout Brazil. Founded in 2020, WeVets has quickly expanded to 15 hospitals and two labs in São Paulo and Rio Grande do Sul providing comprehensive veterinary care, including primary and urgent care, surgery, diagnostics, a
Record profitability with 3Q24 Adjusted EBITDA up 94% YoY and Revenues Increasing 9% YoY; Raising FY24 Adjusted EBITDA Guidance Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced unaudited financial results for the three-months ended September 30, 2024 ("third quarter 2024" or "3Q24"). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). Financial results are preliminary and subject to year-end audit and adjustments. All comparisons in this announcement are year-over-year ("YoY"), unless otherwise noted. 3Q24 Financia
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced that it will report its Third Quarter 2024 results on Thursday, November 14, after the market close. Earnings Release Thursday, November 14, 2024 Time: After Market Close Conference Call Thursday, November 14, 2024 Time: 4:30 p.m. Eastern Time To participate, please dial +1 (888) 330-2413 (U.S. domestic) +1 (240) 789-2721 (International) Please press # to be connected to an operator Pre-Register for the conference call Please use the following link to pre-register for this conference call. Callers who pre-register will be given a unique PIN to gain immediat
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, announces its first Software as a Service (SaaS) partnership with Karisma Hotels & Resorts. Through this innovative collaboration, Despegar will license its cutting-edge AI Travel Assistant, Sofia, to enhance the existing chatbot functionalities of Karisma Group, setting a new standard for digital engagement in the hospitality industry. This partnership marks a key milestone in the relationship of both companies as it will allow Karisma's customers to interact with a digital travel assistant powered by Sofia, benefiting from a range of distinct advantages designed to improve th
Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company and Nubank (NYSE:NU), the largest digital banking platform outside Asia, today announced the integration of NuPay as a new payment option on Despegar's travel platform. The collaboration between Nubank and Despegar offers multiple strategic benefits for both companies, including: Despegar gains access to Nubank's 95.5 million Brazilian customers, broadening its target market significantly Nubank's customers will gain access to Despegar's travel platform and services enjoying increased spending limits and enhanced purchasing power through a variety of payment options, includi
Profitable Growth Continues with 2Q24 Adjusted EBITDA up 22% YoY and Revenues Increasing 12% YoY; Raising FY24 Adjusted EBITDA Guidance Despegar.com, Corp. (NYSE:DESP) ("Despegar" or the "Company"), Latin America's leading travel technology company, today announced unaudited financial results for the three-months ended June 30, 2024 ("second quarter 2024" or "2Q24"). Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles ("U.S. GAAP"). Financial results are preliminary and subject to year-end audit and adjustments. All comparisons in this announcement are year-over-year ("YoY"), unless otherwise noted. 2Q24 Fina
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