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DESP on NYSE

Despegar

Logo: Despegar.com, Public domain, via Wikimedia Commons4

Online travel company

Despegar.com Corp. (Despegar) is an online travel company based in Buenos Aires, Argentina. It was founded in 1999 and operates a booking platform for airline tickets, hotels, package tours, and other travel products in Latin America. Listed on the New York Stock Exchange (NYSE) since 2017, Despegar is considered one of the largest online travel portals in the region and is active in 19 markets in the region.3 It employed 4,500 people.1 Its revenue was $525 million in 2019.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$774.1MRevenue, fiscal 20245
$27.9MNet income, fiscal 20245
1999Founded1

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  • TickerDESP on NYSE1
  • Industrytourism industry1
  • HeadquartersSão Paulo1
  • Websitewww.despegar.com.ar
  • Legal formpublic company1
  • Incorporated inVirgin Islands, British6
  • Business addressJuana Manso 999, Buenos Aires, 9Jrp 9Q6
  • Filer categoryLarge accelerated filer6

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Despegar.com Corp. (Despegar) is an online travel company based in Buenos Aires, Argentina. It was founded in 1999 and operates a booking platform for airline tickets, hotels, package tours, and other travel products in Latin America.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

73.1%Gross margin5
15.9%Operating margin5
3.6%Net margin5
9.6%Revenue growth, 20245
$59.6MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue27¢$208.1M
  • Research and development14¢$108.0M
  • Other costs55¢$423.9M
  • Income tax1¢$6.2M
  • Profit4¢$27.9M

Out of $774.1M in revenue.5

Where each dollar of operating cash went, fiscal 2024

  • Capital spending10¢$6.5M
  • Kept or used elsewhere90¢$59.6M

Out of $66.1M of cash from operations.5

Financial statements

Revenue891011125$774.1M in 2024+48% since 2017
0$200.0M$400.0M$600.0M$800.0M2017: $523.9M$523.9M20172018: $530.6M$530.6M2018+1%2019: $524.9M$524.9M2019−1%2020: $131.3M$131.3M2020−75%2021: $322.8M$322.8M2021+146%2022: $538.0M$538.0M2022+67%2023: $706.0M$706.0M2023+31%2024: $774.1M$774.1M2024+10%
Gross profit891011125$565.9M in 2024+48% since 2017
0$200.0M$400.0M$600.0M2017: $381.5M$381.5M20172018: $358.5M$358.5M2018−6%2019: $345.3M$345.3M2019−4%2020: $27.5M$27.5M2020−92%2021: $162.6M$162.6M2021+491%2022: $355.1M$355.1M2022+118%2023: $477.1M$477.1M2023+34%2024: $565.9M$565.9M2024+19%
Operating income891011125$123.1M in 2024+73% since 2017
-$200.0M-$100.0M0$100.0M$200.0M2017: $71.2M$71.2M20172018: $45.4M$45.4M2018−36%2019: -$8.9M-$8.9M20192020: -$177.2M-$177.2M2020+1887%2021: -$95.9M-$95.9M2021−46%2022: -$1.8M-$1.8M2022−98%2023: $64.2M$64.2M20232024: $123.1M$123.1M2024+92%
Net income891011125$27.9M in 2024−34% since 2017
-$150.0M-$100.0M-$50.0M0$50.0M2017: $42.4M$42.4M20172018: $19.2M$19.2M2018−55%2019: -$20.9M-$20.9M20192020: -$142.6M-$142.6M2020+582%2021: -$104.6M-$104.6M2021−27%2022: -$68.5M-$68.5M2022−35%2023: $24.5M$24.5M20232024: $27.9M$27.9M2024+14%
Fiscal year20172018201920202021202220232024
Revenue$523.9M8$530.6M9$524.9M10$131.3M11$322.8M12$538.0M5$706.0M5$774.1M5
Cost of revenue$142.5M8$172.1M9$179.6M10$103.8M11$160.2M12$182.9M5$228.9M5$208.1M5
Gross profit$381.5M8$358.5M9$345.3M10$27.5M11$162.6M12$355.1M5$477.1M5$565.9M5
Research and development$71.3M8$71.2M9$73.4M10$67.0M11$74.7M12$90.0M5$109.1M5$108.0M5
Operating expenses$258.8M12$356.7M5$411.8M5$441.9M5
Operating income$71.2M8$45.4M9-$8.9M10-$177.2M11-$95.9M12-$1.8M5$64.2M5$123.1M5
Interest$4.4M9$5.8M10$5.5M11$5.7M12$8.5M12$10.3M12
Income before tax-$106.1M12-$47.2M5$27.6M5$34.1M5
Income tax$12.0M8$7.1M9$5.2M10-$21.4M11-$230.0K12$21.3M5$3.1M5$6.2M5
Net income$42.4M8$19.2M9-$20.9M10-$142.6M11-$104.6M12-$68.5M5$24.5M5$27.9M5
Earnings per share$0.698$0.289-$0.3010-$2.2111-$1.7512-$1.285-$0.095-$0.035
Earnings per share (diluted)$0.698$0.279-$0.3010-$2.2111-$1.7512-$1.285-$0.095-$0.035
Shares (weighted, basic)76.7M shares1276.8M shares577.2M shares581.7M shares5
Shares (weighted, diluted)76.7M shares1276.8M shares577.2M shares581.7M shares5

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Corporate structure

Despegar sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Despegar

  • Despegar São Paulo

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Despegar reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$44.8M5 Dec 31, 2024$52.0M5 Dec 31, 2023−13.7%
Accumulated depreciation$30.6M5 Dec 31, 2024$35.6M5 Dec 31, 2023−13.8%
Property and equipment, net$14.2M5 Dec 31, 2024$16.4M5 Dec 31, 2023−13.5%
Operating-lease assets (leased space)$15.6M5 Dec 31, 2024$21.9M5 Dec 31, 2023−29.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$222.8M5 Dec 31, 2024$214.6M5 Dec 31, 2023+3.8%
Stakes in other companies (equity method)$2.0M5 Dec 31, 2024$3.1M5 Dec 31, 2023−35.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$125.8M5 Dec 31, 2024$150.8M5 Dec 31, 2023−16.5%
Intangible assets, net (excluding goodwill)$83.0M5 Dec 31, 2024$90.4M5 Dec 31, 2023−8.2%
Indefinite-lived intangibles (excluding goodwill)$13.9M5 Dec 31, 2024$13.9M5 Dec 31, 20230%
Accumulated amortization$166.5M5 Dec 31, 2024$143.2M5 Dec 31, 2023+16.3%
Finite-lived intangibles, net$69.2M5 Dec 31, 2024$76.5M12 Dec 31, 2023−9.6%

The story

Despegar.com was founded in 1999 by Roberto Souviron, a former student at Duke University. In the years that followed, the company expanded rapidly from Argentina into other Latin American markets. Starting in 2009, it integrated hotel bookings into its platforms alongside flight bookings.

After going public on the NYSE in 2017, the firm acquired several regional travel providers. In 2019, the company acquired the company Viajes Falabella (the booking portal of the Falabella retail group in Chile, Colombia, Peru, and Argentina) for around US$27 million.

In January 2020, the Mexican Best Day Travel Group (one of Mexico's largest travel agencies) was acquired for over US$130 million. Also in 2020, Despegar acquired Brazilian fintech company Koin, which specializes in “buy now, pay later” payments. At the beginning of 2022, the acquisition of 100% of Viajanet, a large Brazilian online travel agency, was announced (purchase price approx. US$15 million).

In December 2024, Dutch investment company Prosus, a subsidiary of South African group Naspers, agreed to purchase Despegar at a price of $19.5 per share (a total of approximately US$1.7 billion). The transaction was completed in May 2025, meaning that Despegar will now function as a subsidiary of Prosus.

From Wikipedia’s article on Despegar, shared under CC BY-SA 4.0.7

Products and brands

Despegar operates an online platform through which consumers can book flights, hotels, package tours, and other tourism services. The offering is provided via websites and mobile apps. The business is essentially divided into three segments: airline ticket sales (“Air”) and other travel products, including package tours, hotels, rental cars, bus tickets, cruises, insurance, and other services at the destination. There is also a financial services division. Users can search for and compare travel offers and book them directly online via the one-stop marketplace.

Despegar operates in around 20 countries in Latin America and markets its services under the brands Despegar (global) and Decolar (Brazil). In addition to its end customer business (B2C), Despegar also offers white label solutions in the B2B sector, e.g. for banks, airlines, and retailers. The company has an AI assistant called Sofia.

From Wikipedia’s article on Despegar, shared under CC BY-SA 4.0.7

Timeline

  1. Sep 2017Went public Listed on NYSE1
  2. 1999Founded Founded1

Filings

85 filings to the SEC since October 2021: 4 annual reports, 22 large holders, 59 other. The latest 20:

  1. May 27, 2025EFFECT EDGAR
  2. May 27, 202515F-12B EDGAR
  3. May 16, 2025SCHEDULE 13D/A EDGAR
  4. May 15, 2025S-8 POS POST-EFFECTIVE AMENDMENT EDGAR
  5. May 15, 2025S-8 POS POST-EFFECTIVE AMENDMENT EDGAR
  6. May 15, 2025POS AM POST-EFFECTIVE AMENDMENT EDGAR
  7. May 15, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  8. Apr 30, 202520-F EDGAR
  9. Apr 30, 20256-K EDGAR
  10. Apr 29, 20256-K EDGAR
  11. Mar 4, 20256-K EDGAR
  12. Feb 14, 20256-K EDGAR
  13. Feb 4, 2025SCHEDULE 13G/A EDGAR
  14. Jan 30, 20256-K EDGAR
  15. Jan 29, 20256-K EDGAR
  16. Dec 30, 20246-K/A EDGAR
  17. Dec 26, 2024SCHEDULE 13D/A EDGAR
  18. Dec 23, 20246-K EDGAR
  19. Dec 12, 20246-K EDGAR
  20. Nov 22, 20246-K EDGAR

The 85 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Despegar is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDespegar.com, Corp.2
  • CIK0001703141
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company24
  • Incorporated inBritish Virgin Islands24
  • Fiscal year endsDecember 312
  • Industry code (SIC)4700 Transportation Services2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business addressJuana Manso 999, Buenos Aires, 9JRP 9Q, Argentina2
  • Phone54 11 4894 35002
  • Shares outstanding83,572,285 shares as of Dec 31, 202424
  • AuditorPRICE WATERHOUSE & CO. S.R.L., Buenos Aires, Argentina PCAOB ID 1349; it also attests to the company’s internal control over financial reporting24
  • On EDGAR sinceMay 5, 20172
  • Filings217 in all: 6-K (96), SC 13G/A (17), CORRESP (15), UPLOAD (13), SC 13G (11), 20-F (8), EFFECT (6), 144 (4)2
    All 31 form types

    DRSLTR (4), F-1/A (4), POS AM (4), SCHEDULE 13G/A (4), 6-K/A (3), DRS/A (3), 424B3 (2), DRS (2), F-1 (2), S-8 (2), S-8 POS (2), SC 13D (2), SC 13D/A (2), SCHEDULE 13D/A (2), 15F-12B (1), 20-F/A (1), 25-NSE (1), 424B4 (1), 424B5 (1), 8-A12B (1), CERTNYS (1), CT ORDER (1), F-3 (1)

  • Latest filingsAnnual report (20-F) Apr 30, 2025

Securities registered for trading

ClassSymbolExchange
Ordinary Shares, no par valueDESPThe New York Stock Exchange

From the cover page of the 20-F filed Apr 30, 2025 (Section 12(b) of the Exchange Act).24

Sources

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