Despegar.Com, Corp. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 06:01 am
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Despegar.Com, Corp. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 11.740 million compared to USD 132.048 million a year ago. Operating loss was USD 43.089 million compared to USD 211,000 a year ago. Net loss was USD 41.666 million compared to USD 3.684 million a year ago. Basic loss per share from continuing operations was USD 0.6 compared to USD 0.05 a year ago.
Despegar.com Corp is an Argentina-based online travel company. It provides a broad suite of travel products, including airline tickets, travel packages, hotel bookings and other travel products. It organizes its business into two segments: Air, which consists of the sale of airline tickets, and Packages, Hotels and Other Travel Products, which consists of travel packages, as well as stand-alone sales of hotel rooms, car rentals, bus tickets, cruise tickets, travel insurance and destination services. The Companyâs one-stop marketplace enables millions of users to find, compare, plan and easily purchase travel services and products through its websites and mobile apps. The Company owns and operates two brands: Despegar, its global brand and Decolar, its Brazilian brand. It operates in Latin America across 20 countries.