Despegar.com Reports Strong 4Q24 & FY24 Financials
| Field | Detail |
|---|---|
| Company | Despegar.Com, Corp. |
| Form Type | 6-K |
| Filed Date | Apr 29, 2025 |
| Risk Level | low |
| Sentiment | bullish |
Sentiment: bullish
Topics: earnings, financial-results, growth, travel
Related Tickers: DESP
TL;DR
DESP crushed 4Q24 & FY24 earnings, revenue up 8.7% & 10% respectively, adj. EBITDA up 18% & 52%!
AI Summary
Despegar.com, Corp. announced its unaudited financial results for the fourth quarter and full year 2024 on April 28, 2025. For 4Q24, revenue increased 8.7% year-over-year to $221.4 million, and adjusted EBITDA rose 18% year-over-year to $51.5 million. For the full year 2024, revenue grew 10% year-over-year, and adjusted EBITDA increased 52% year-over-year.
Why It Matters
The company's revenue and adjusted EBITDA growth indicate strong performance and increasing profitability in Latin America's travel market.
Risk Assessment
Risk Level: low — This filing is a routine earnings release and does not contain significant new risks or negative developments.
Key Numbers
- $221.4M — 4Q24 Revenue (Increased 8.7% YoY)
- $51.5M — 4Q24 Adjusted EBITDA (Increased 18% YoY)
- 10% — FY24 Revenue Growth (Year-over-year increase)
- 52% — FY24 Adjusted EBITDA Growth (Year-over-year increase)
Key Players & Entities
- Despegar.com, Corp. (company) — Filer and subject of the report
- DESP (company) — NYSE ticker symbol for Despegar.com, Corp.
- $221.4 million (dollar_amount) — 4Q24 revenue
- $51.5 million (dollar_amount) — 4Q24 adjusted EBITDA
- April 28, 2025 (date) — Date of the financial results announcement
FAQ
What was Despegar.com's revenue for the fourth quarter of 2024?
Despegar.com's revenue for the fourth quarter of 2024 was $221.4 million, an increase of 8.7% year-over-year.
How much did Despegar.com's adjusted EBITDA increase in 4Q24?
Despegar.com's adjusted EBITDA increased 18% year-over-year to $51.5 million in the fourth quarter of 2024.
What was the year-over-year revenue growth for Despegar.com in the full year 2024?
Despegar.com's revenue grew 10% year-over-year for the full year 2024.
What was the percentage increase in adjusted EBITDA for Despegar.com in FY24?
Despegar.com's adjusted EBITDA increased 52% year-over-year for the full year 2024.
When did Despegar.com announce these financial results?
Despegar.com announced these financial results on April 28, 2025.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on April 29, 2025 regarding Despegar.com, Corp..