Despegar.com Raises 2023 Financial Guidance
14 December 2023 - 12:34AM
Business Wire
Despegar.com, Corp. (NYSE: DESP) (“Despegar” or the
“Company”), Latin America’s leading travel technology company,
today announced that it is raising its full-year 2023 financial
guidance as follows:
- Adjusted EBITDA: $105 million to $110 million, vs. $90 million
to $100 million before
- Revenue: $690 million to $700 million, vs. $670 million to $700
million before
Damian Scokin, Despegar’s CEO, said: “Despegar’s market leading
position and best-in-class technology platform, coupled with our
strong commercial execution, enable us to fully exploit travel
demand which remains robust across our markets. In addition, we
continue driving strong operational efficiencies. Accordingly, we
are raising our 2023 Adjusted EBITDA guidance range, and raising
the lower end of our 2023 revenue guidance range. Further, we
expect to maintain above-market revenue growth and continue
generating operational efficiencies in the foreseeable future, as
our profitable growth strategy gains additional traction.”
About Despegar.com
Despegar is the leading travel technology company in Latin
America. For over two decades, it has revolutionized the tourism
industry in the region through technology. With its continuous
commitment to the development of the sector, Despegar today is
comprised of a consolidated group that includes Despegar, Decolar,
Best Day, Viajes Falabella, Viajanet Stays and Koin, and has become
one of the largest travel companies in Latin America.
Despegar operates in 20 countries in the region, accompanying
Latin Americans from the moment they dream of traveling until they
share their memories. With the purpose of improving people's lives
and transforming the shopping experience, Despegar has developed
alternative payment and financing methods, democratizing the access
to consumption and bringing Latin Americans closer to their next
travel experience Despegar’s common shares are traded on the New
York Stock Exchange (NYSE: DESP). For more information, please
visit https://investor.despegar.com.
Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. We base these forward-looking statements on our current
beliefs, expectations and projections about future events and
trends affecting our business and our market. Many important
factors could cause our actual results to differ substantially from
those anticipated in our forward-looking statements.
Forward-looking statements are not guarantees of future
performance. Forward-looking statements speak only as of the date
they are made, and we undertake no obligation to update publicly or
to revise any forward-looking statements. New risks and
uncertainties emerge from time to time, and it is not possible for
us to predict all risks and uncertainties that could have an impact
on the forward-looking statements contained in this press release.
The words “believe,” “may,” “should,” “aim,” “estimate,”
“continue,” “anticipate,” “intend,” “will,” “expect” and similar
words are intended to identify forward-looking statements.
Forward-looking statements include information concerning our
possible or assumed future results of operations, business
strategies, capital expenditures, financing plans, competitive
position, industry environment, potential growth opportunities, the
effects of future regulation and the effects of competition.
Considering these limitations, you should not make any investment
decision in reliance on forward-looking statements contained in
this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20231212593542/en/
Investor Relations Despegar.com, Corp. Luca Pfeifer, (+57) 315
382 4802 investorrelations@despegar.com
Despegar com (NYSE:DESP)
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