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.
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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:
Despegar.com reports Q4 earnings miss; initiatess FY23 outlook