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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Despegar.com
Despegar.com (DESP) investor relations material
Despegar.com has been delisted
Despegar.com Q4 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2024 earnings summary29 Apr, 2025
Executive summary
Achieved consolidated revenue of $774.1M in 2024, up 9.6% from 2023, with net income of $27.9M, a 13.9% increase year-over-year.
Operating income rose 91.7% to $123.1M, driven by higher travel demand and improved operating leverage.
Completed a merger agreement to be acquired by Prosus for $19.50 per share in cash, pending regulatory approvals in Brazil and Mexico.
No dividends declared or paid on ordinary shares; focus remains on reinvestment and growth.
Financial highlights
Gross profit increased 18.6% to $565.9M, with gross margin improving to 73.1% from 67.6%.
Adjusted Segment EBITDA reached $175.2M, up 51.6% from 2023.
Air segment revenue grew 1.9% to $262.5M; Packages, Hotels and Other Travel Products rose 13% to $494.0M.
Financial Services revenue increased 25% to $51.1M.
Total transactions rose 7.3% to 9.7M; gross bookings net up 2.3% to $5.45B.
Outlook and guidance
Management expects continued growth in mobile transactions and cross-selling, with a focus on expanding product offerings and leveraging technology.
The merger with Prosus is expected to close in Q2 2025, subject to regulatory approvals.
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Frequently asked questions
Despegar.com Corp operates an online travel agency platform offering airline tickets, hotel bookings, vacation packages, and other travel-related services across Latin America. It serves consumers through websites and mobile applications. The company is headquartered in Buenos Aires, Argentina, and its shares are listed on the NYSE.