Despegar Reports Strong FY24 Results Amid Strategic Partnerships

Despegar ( (DESP) ) has provided an announcement.

Despegar.com announced its financial results for the fourth quarter and full year of 2024, showing significant growth in revenue and adjusted EBITDA. In 4Q24, revenue increased by 8.7% year-over-year to $221.4 million, while adjusted EBITDA rose by 18% to $51.5 million. The company also reported a net loss of $8.3 million for the quarter, largely due to foreign exchange headwinds. For the full year, Despegar’s revenue grew by 10% to $774.1 million, and adjusted EBITDA increased by 52% to $175.2 million. Key developments included a merger agreement with Prosus, strategic partnerships with HBX Group and Expedia, and a SaaS partnership with Karisma Hotels & Resorts. These moves are expected to bolster Despegar’s market position and drive future growth.

Spark’s Take on DESP Stock

According to Spark, TipRanks’ AI Analyst, DESP is a Neutral.

Despegar’s strong financial recovery and positive earnings call highlight growth potential, but the negative equity position and extreme P/E ratio present significant risks. The technical analysis supports current momentum, but caution is warranted due to valuation concerns.

To see Spark’s full report on DESP stock, click here.

More about Despegar

Despegar.com, Corp. is a leading travel technology company in Latin America, offering a range of travel-related services and products. The company focuses on providing travel packages, lodging options, and B2B and white label solutions, leveraging technology to enhance customer experiences and expand its market reach.

YTD Price Performance: 1.73%

Average Trading Volume: 2,471,490

Technical Sentiment Signal: Sell

Current Market Cap: $1.62B

Learn more about DESP stock on TipRanks’ Stock Analysis page.