Despegar.com, Corp. (NYSE:DESP) Q2 2023 Earnings Conference Call August 17, 2023 10:00 AM ET

Company Participants

Luca Pfeifer - Investor Relations

Damian Scokin - Chief Executive Officer

Conference Call Participants

Naved Khan - B. Riley Securities

Andrew Ruben - Morgan Stanley

Operator

Good morning, and welcome to Despegar's Second Quarter 2023 Earnings Call.

A slide presentation is accompanying today's webcast and is available in the Investors section of the company's website www.investor.despegar.com. [Operator Instructions] This conference call is being recorded. And as a reminder, all participants will be in a listen-only mode.

Now, I'd like to turn the call over to Mr. Luca Pfeifer, Investor Relations. Please go ahead.

Luca Pfeifer

Good morning, everyone, and thanks for joining us today.

In addition to reporting unaudited financial results in accordance with U.S. Generally Accepted Accounting Principles, we discuss certain non-GAAP financial measures and operating metrics, including foreign exchange and neutral calculations. Investors should read the definitions of these measures and metrics included in our press release carefully to ensure that they understand them. Non-GAAP financial measures and operating metrics should not be considered in isolation as a substitute for or superior to GAAP financial measures and are provided as a supplemental information only.

Before we begin our prepared remarks, please turn to Slide 2 and allow me to remind you that certain statements made during the course of the discussion may constitute forward-looking statements, which are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties which could cause actual results to materially differ, including factors that may be beyond the company's control. These include, but are not limited to, expectations and assumptions related to the integration and performance of the business we acquire, including Best Day, Stays, Viajanet and Koin. For a description of these risks, please refer to our filings with the U.S. Securities and Exchange Commission and our press release.

Speaking on today's call is our CEO, Damian Scokin, who will provide an overview of Despegar's second quarter performance as well as an update on our strategic initiatives. I will then discuss the quarter's financial results in more detail, after which Damian will end our prepared remarks and provide an update on our annual guidance. We will then open the call for your questions. Damian will begin his remarks on Slide 3.

Damian, please go ahead.

Damian Scokin

Thanks, Luca, and good day, everyone. Thank you for joining our results call and for your interest in Despegar.