Despegar.com Announces 3Q20 Financial Results

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Go back to Despegar.com Announces 3Q20 Financial Results

Despegar.com Corp. (DESP) Misses Q3 EPS by 19c, Revenues Miss

November 12, 2020 6:08 AM EST

Despegar.com Corp. (NYSE: DESP) reported Q3 EPS of ($0.60), $0.19 worse than the analyst estimate of ($0.41). Revenue for the quarter came in at $11.7 million versus the consensus estimate of $14.11 million.

Third Quarter 2020 Key Financial and Operating Highlights

(For definitions, see page 12)

Sequential monthly improvement in transactions and gross bookings during the quarter with CAGR of 20% and 29%, respectively. Improvements mainly driven by higher domestic demand in Brazil and Mexico, while travel restrictions remain in place in other key marketsMarketing decreased $1.5 million compared with 2Q20, despite a 3X quarter-over-quarter (QoQ) increment in... More