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Despegar.com, Corp (DESP) CEO Damián Scokin on Q1 2020 Results - Earnings Call Transcript

May 04, 2020 2:03 PM ETDespegar.com, Corp. (DESP) Stock
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Despegar.com, Corp (NYSE:DESP) Q1 2020 Earnings Conference Call May 4, 2020 8:00 AM ET

Company Participants

Natalia Nirenberg - Investor Relations

Damián Scokin - Chief Executive Officer

Alberto López Gaffney - Chief Financial Officer

Conference Call Participants

Rodrigo Nistor - Itaú

Edward Yruma - KeyBanc Capital Markets

Eric Sheridan - UBS


Good morning and welcome to the Despegar First Quarter 2020 Earnings Call. A slide presentation is accompanying today’s webcast and is available in the Investors section of the company’s website www.investor.despegar.com. [Operator Instructions] This conference call is being recorded. As a reminder, all participants will be in listen-only mode. Now, I will turn the call over to Ms. Natalia Nirenberg, Investor Relations. Please go ahead, ma’am.

Natalia Nirenberg

Good morning, everyone and thanks for joining us today for a discussion of our first quarter 2020 results. In addition to reporting financial results in accordance with U.S. Generally Accepted Accounting Principles, we discuss certain non-GAAP financial measures and operating metrics, including foreign exchange neutral calculation. Investors should read the definitions of these measures and metrics included in our press release carefully to ensure that they understand them. Non-GAAP financial measures and operating metrics should not be considered in isolation as substitute for or superior to GAAP financial measures and are provided as supplemental information only.

Before we begin our formal remarks, allow me to remind you that certain statements made during the course of the discussion may constitute forward-looking statements, which are based on management’s current expectations and beliefs and assumptions to a number of risks and uncertainties that could cause actual results to materially differ, including factors that maybe beyond the company’s control. This includes expectations and expansions related to the impact of the COVID-19 pandemic. For a description of these risks, please refer to our filings with the Securities and Exchange Commission and

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