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Despegar reports fourth consecutive period of losses, despite boom in Brazil

The digital travel agency Despegar (DESP) reported this Thursday a net loss of US$9.3 million during the third quarter of 2022, thus reaching a total red of US$50.4 million so far this year. The result came despite a boom in transactions in Brazil, which grew 46% year-on-year in that country.

The result occurred despite a 75% year-on-year growth in billing (US$145.6 million). On the expenditure side, Despegar spent 77% more in the period than last year . . .

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