Digital travel agency Despegar (DESP) reported this Thursday a net loss of $9.3 million during the third quarter of 2022, bringing the total red to $50.4 million so far this year. The result came despite a boom in transactions in Brazil, which rose 46% year-on-year in that country.
The result occurred despite a 75% year-over-year increase in billings (US$145.6 million). On the spending side, Despegar spent 77% more in the period than last year. . .
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