Despegar.com(US:DESP)2024-08-15 21:11Financial Performance - Revenue increased by 12% year-over-year to $185 million[3, 15] - Adjusted EBITDA grew by 22% year-over-year to $37 million, resulting in a 19.8% Adjusted EBITDA margin[4] - Adjusted Net Income reached $30.2 million, a significant increase of 397% year-over-year[4] - The company maintains a solid cash position of $204 million[5, 15] Key Growth Drivers - Take Rate improved to 13.8%, driven by strong package sales[3, 15] - B2B segment experienced robust growth, with new partnerships creating accelerating growth potential[5] - App-based transactions reached an all-time high of 49.1%, a 1258 bps year-over-year increase[9] - Installed base of mobile devices increased by 43% year-over-year to approximately 18 million[8] Strategic Initiatives - The company is focused on improving revenue mix through packages, increasing diversification in Mexico and Brazil, and expanding B2B services[9] - SOFIA, the AI Trip Planner, has been significantly upgraded with new booking features and improved design[5, 11] Market Opportunities and Guidance - The company sees substantial near and long-term market opportunities in Latin America and globally[6, 7] - Full year 2024 financial guidance includes revenues adjusted to at least $760 million, implying at least 8% year-over-year growth, and Adjusted EBITDA raised to at least $160 million, implying at least 39% year-over-year growth[16, 18]