Strong Revenue Growth
The company reported a 70% growth in revenue, reaching $530 million. They are on track to achieve $1.1 billion to $1.2 billion in adjusted EBITDA for the year.
iFood Ecosystem Expansion
iFood is experiencing significant growth, with an aim to achieve 10% to 15% of Despegar's revenue coming from the iFood ecosystem.
Successful Asset Sales and Buybacks
The company sold $1.2 billion worth of assets and is on track to sell at least $2 billion this year. They have also bought back more than $40 billion, generating over $60 billion in results.
Innovation and AI Initiatives
The company is focusing on innovation and AI, with plans to discuss advancements in AI-driven live commerce models and assistance.
Positive Developments in India
The company is optimistic about its investments in India, noting significant growth in companies like PayU and Ixigo.