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Despegar.com Non-GAAP EPS of -$0.23, revenue of $134.4M

Aug. 18, 2022 6:10 AM ETDespegar.com, Corp. (DESP) StockBy: Gaurav Batavia, SA News Editor1 Comment
  • Despegar.com press release (NYSE:DESP): Q2 Non-GAAP EPS of -$0.23.
  • Revenue of $134.4M (+113.0% Y/Y).
  • Gross Bookings of $1.1 billion, up 129% year-over-year (“YoY”) and in line with 2Q19 levels, as travel restrictions were largely eliminated and demand continued to recover steadily
  • Transactions increased 65% YoY to 90% of 2Q19 volume
  • Room nights increased 67% YoY to 69% of 2Q19 levels
  • Mobile represented 46% of Transactions, up 175 basis points (“bps”) YoY and 550 bps compared to 2Q19

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