Despegar.com (NYSE:DESP) Full Year 2023 Results

Key Financial Results

• Revenue: US$706.0m (up 31% from FY 2022).
• Net income: US$29.0m (up from US$98.3m loss in FY 2022).
• Profit margin: 4.1% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Despegar.com Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.9%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are up 19% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Despegar.com's balance sheet and an in-depth analysis of the company's financial position.

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