DESP - Despegar.com GAAP EPS of -$0.10 revenue of $158.7M beats by $2.8M

2023-05-18 06:05:57 ET

• Despegar.com press release ( NYSE: DESP ): Q1 GAAP EPS of -$0.10.
• Revenue of $158.7M (+41.2% Y/Y) beats by $2.8M .
• Gross Bookings of $1.1 billion, up 44% YoY as Latin American travel demand continues to recover
• ASPs increased 36% YoY to $558, while transactions increased 5% YoY
• Members of Loyalty Program increased 343% YoY to 14.0 million
• Net Promoter Score (NPS) increased +8 pps YoY to 67.3%

• The Company reaffirms its 2023 annual guidance, which is as follows:

  • Revenue: $640 million to $700 million
  • Adjusted EBITDA: $80 million to $100 million

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