Core Insights - The company has demonstrated solid performance with significant increases in bookings across all segments and improved EBITDA margins [1] - A recent acquisition agreement with Prosus is expected to enhance Despegar's financial and technological capabilities [1] Performance Metrics - There has been a strong increase in bookings across all segments, indicating robust demand and operational efficiency [1] - The improvement in EBITDA margins suggests better cost management and profitability [1] Strategic Developments - The acquisition agreement with Prosus could provide Despegar with additional resources and technological advancements, potentially leading to enhanced competitive positioning [1]

Merger Details - Prosus will acquire Despegar for $19.50 per share in an all-cash transaction, representing an enterprise value of approximately $1.7 billion [4] Law Firm Information - Monteverde & Associates PC is investigating Despegar.com, Corp. (NYSE: DESP) relating to the proposed merger with Prosus [4] - The law firm has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report [4] - Monteverde & Associates PC is headquartered at the Empire State Building in New York City [4] - The firm has a successful track record in trial and appellate courts, including the U.S. Supreme Court [5]

Core Viewpoint - The travel sector is experiencing a significant rebound post-Covid-19, highlighted by Prosus's acquisition of Despegar for $1.7 billion, aimed at expanding its operations in Latin America [1][2]. Company Overview - Despegar is one of the largest online travel agencies in Latin America, publicly traded on the NYSE with a market cap of $1.24 billion as of last Friday [2]. - The company has been operational since 1999 and also controls Decolar, another major travel brand in Brazil [4]. Financial Details - Prosus will pay $19.50 per share for Despegar, representing a 33% premium over its recent market price, although this is lower than Despegar's market cap on its first trading day in 2017 [2]. - Despegar reported approximately $5.3 billion in gross bookings, $706 million in revenue, and an EBITDA of $116 million for the full year 2023 [5]. Strategic Intent - Prosus aims to leverage Despegar to achieve greater economies of scale in Latin America, where GDP is expected to grow by 2-3% next year [6]. - The acquisition is part of Prosus's strategy to create a high-quality ecosystem of complementary businesses, enhancing Despegar's growth through its extensive customer touchpoints [2]. Market Position and Competition - Despegar competes with other travel brands like Hotel Urbano and operates in 19 different markets, offering both direct-to-consumer services and white-label solutions for banks and airlines [9][10]. - The acquisition is expected to provide Despegar with a boost in investment, which could help it overcome challenges faced over the past decade [7][8].

Core Insights - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher as stocks tend to continue in their established direction [1] - Despegar.com (DESP) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The Zacks Rank for Despegar.com is 1 (Strong Buy), suggesting a high likelihood of outperforming the market [3] Performance Metrics - DESP shares have increased by 7.94% over the past week, significantly outperforming the Zacks Transportation - Services industry, which rose by 1.41% [6] - Over the last quarter, DESP shares have surged by 46.53%, and over the past year, they have gained 122.18%, while the S&P 500 has only increased by 7.61% and 33.32% respectively [7] - The average 20-day trading volume for DESP is 1,364,715 shares, indicating strong trading activity [8] Earnings Outlook - In the past two months, one earnings estimate for DESP has increased, raising the consensus estimate from $0.81 to $0.90 [10] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions noted [10] Conclusion - Given the strong performance metrics and positive earnings outlook, Despegar.com is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling investment opportunity [11]

Company Overview - Despegar.com, Corp. operates online platforms for purchasing airline tickets, travel packages, accommodations, car rentals, and other travel-related services [1] - The company utilizes various brands including Despegar, Decolar, Best Day, BD Experience, Viajanet, Stays, and HotelDo, with a focus on traffic from Latin America and the United States [1] Investment Focus - The investment philosophy emphasizes identifying mispriced securities by understanding the financial drivers of a company, often revealed through a DCF model valuation [2] - This approach allows for flexibility beyond traditional investment categories such as value, dividend, or growth investing, considering all prospects of a stock to assess risk-to-reward [2]

Company to Leverage L Catterton's Global Pet Industry Experience to Accelerate Veterinary Platform Expansion in BrazilGREENWICH, Conn., Nov. 18, 2024  /PRNewswire/ -- L Catterton, a leading global consumer-focused investment firm, today announced that it has made a strategic investment in WeVets (the "Company"), a leading independent veterinary hospital group in Brazil operating 24-hour centers and diagnostic labs, making high-quality veterinary care more accessible throughout Brazil.Founded in 2020, WeVets ...

Financial Data and Key Metrics Changes - Gross bookings for Q3 2024 slightly declined to $1.3 billion, anticipated due to foreign exchange headwinds, particularly in Brazil and Mexico, but showed a 35% year-over-year growth in constant currency [7][9] - Total revenues increased by 9% year-over-year to $194 million, with a 53% increase when adjusted for foreign exchange [8][9] - Adjusted EBITDA reached a record $48 million, a 94% year-over-year increase, with an adjusted EBITDA margin of 24.8% [10][55] - Adjusted net income rose 309% year-over-year to $36 million, leading to adjusted earnings per share of $0.34, up from $0.10 in the same quarter last year [10][56] Business Line Data and Key Metrics Changes - In the B2C segment, gross bookings reached $1.1 billion, down 8.4% year-over-year, attributed to foreign exchange impacts [11] - The B2B segment saw gross bookings grow by 23% year-over-year, now accounting for almost 19% of total gross bookings [12] Market Data and Key Metrics Changes - In Brazil, transactions grew by 14% year-over-year, reaching 1.2 million, driven by domestic air transactions and hotel demand [50] - In Mexico, transactions declined by 22% year-over-year, influenced by the divestiture of the Destination Management Company and reduced domestic air capacity [51] - Argentina showed a positive trend with significant market share gains due to tailored payment solutions and a strong product portfolio [52] Company Strategy and Development Direction - The company signed a new 10-year lodging outsourcing agreement with Expedia, effective January 1, 2025, aimed at optimizing lodging supply and expanding market presence [13][14] - The launch of the AI-powered travel assistant, SOFIA, is a key innovation, enhancing customer experience and offering a software-as-a-service solution to partners [16][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the commercial strategy for Q4, despite ongoing foreign exchange challenges, maintaining full-year revenue guidance of at least $760 million [61] - The company anticipates continued growth in Argentina and is optimistic about regaining revenue momentum in Mexico [90] Other Important Information - The loyalty program, Pasaporte Despegar, grew by over 50% year-over-year, reaching 30 million members, with 12% of transactions completed using loyalty points [20][21] - Mobile app downloads increased by 47% year-over-year, accounting for almost 51% of total bookings [22] Q&A Session Summary Question: Sustainability of the strong take rate - Management indicated that while the current take rate is strong, they expect it to stabilize around 13% in the mid to long term due to various strategic initiatives [67][68] Question: Impact of the Expedia renegotiation - The profitability impact from the new agreement with Expedia is expected to start reflecting in the P&L as early as Q1 2025, with significant flexibility for growth strategies [69][70] Question: Trends in Argentina - Management noted a positive market evolution in Argentina, driven by unique payment solutions and market share gains, with expectations for continued growth [76][77] Question: Q4 transaction growth trends - While specific transaction guidance was not provided, management expressed confidence in solid top-line trends despite FX headwinds [82] Question: Impact of air capacity in Mexico - Management acknowledged that air capacity issues may persist into Q4 but expects recovery in the following years as FX headwinds stabilize [83][90]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2024 Commission File Number: 001-38209 Despegar.com, Corp. (Translation of registrant's name into English) Commerce House 4th Floor Wickhams Cay 1 Road Town, Tortola VG1110 British Virgin Islands (Address of principal executive offices) Indicate by check mark whether the registrant files or will ...

Despegar.com (DESP) shares ended the last trading session 7.4% higher at $14.18. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.2% gain over the past four weeks. Despegar.com is being aided by robust revenues driven by strong Take Rate (defined as revenue divided by the sum of Gross Bookings and Total Payment Volume). Gross bookings are also very strong at DESP. Despegar.com's recent agreement with Nubank has wi ...

Despegar.com (DESP) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, DIESP crossed above the 20-day moving average, suggesting a short-term bullish trend. The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short- term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals tha ...