Despegar.com reports Q4 EPS (8c), consensus 17c

Reports Q4 revenue $203.7M, consensus $191.43M. Damian Scokin, Despegar’s CEO, said: “Our performance in the fourth quarter and throughout 2023 was outstanding as we achieved several strategic milestones. It marks an inflection point for Despegar and reflects our ability to effectively exploit the travel market’s strong secular tailwinds through a well-designed and executed growth strategy, backed by our deep understanding of the region’s local markets, commercial prowess, strong brand identity, and superior technology platform. These distinct strengths not only sharpen our competitive edge but also fortify our brand presence region-wide. Longer term, our technology-led B2B and White Label offerings are unlocking new growth avenues, and these will also enable us to effectively extend our reach beyond Latin America.”