DESP - Despegar.com reports Q4 earnings miss; initiatess FY23 outlook

March, 16 2023 06:11 AM Despegar.com Corp.

2023-03-16 06:11:55 ET

Despegar.com press release ( NYSE: DESP ): Q4 GAAP EPS of -$0.30 misses by $0.17 .
Revenue of $145.5M (+16.8% Y/Y) misses by $4.75M .
Gross Bookings for 4Q of $1.1 billion, up 10% Y/Y and representing 82% of 4Q19 levels
ASPs increased 29% Y/Y to $539, while transactions decreased 15% Y/Y to 69% of 4Q19 volume due to high average prices and demand weakness across markets
Second-highest Take Rate of the year at 13.8%, increasing 79 bps Y/Y.
The Company is introducing 2023 annual guidance, which is as follows: Revenue: $640 million to $700 million vs. consensus of $616.25M; Adjusted EBITDA: $80 million to $100 million.

For further details see: