Despegar.com, Corp. (NYSE:DESP) Q2 2022 Earnings Conference Call August 18, 2022 10:00 AM ET

Company Participants

Luca Pfeifer - Investor Relations

Damián Scokin - Chief Executive Officer

Alberto Lopez-Gaffney - Chief Financial Officer

Conference Call Participants

Kieran Kenny - Morgan Stanley

Kevin Kopelman - Cowen

Alejandra Aranda - Itau

Operator

Good morning, and welcome to the Despegar's Second Quarter 2022 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. There will be an opportunity for you to ask questions at the end of today's presentation. This conference call is being recorded. As a reminder, all participants will be in 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 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 calculation. Investors should read the definition 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 or substitute for or superior to GAAP financial measures and are provided as supplemental information only.

Before we begin our prepared remarks, 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 that could cause actual results to materially differ, including factors that may be beyond the company's control. This includes, but are not limited to, expectations, assumptions related to the impact of the COVID-19 pandemic and the integration and performance of the businesses we acquire, including Best Day Stays 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, Damián Scokin, who will provide an overview of Despegar’s second quarter performance as well as an update on our strategic initiatives. Alberto Lopez-Gaffney, our CFO, will then discuss the quarter's financial results in more detail. After that, we'll open the call for your questions.

Damián, please go ahead.

Damián Scokin

Thanks Luca and good day everyone. Thank you for joining our earnings call and for you interest in Despegar. We maintained a profitable growth trajectory during the second quarter, once again, our result evidence that we have the right strategy in place to effectively leverage Despegar’s leadership position and core competencies to fully exploit both research in travel demand in the near term and the long term dynamics that make Latam such an attractive travel market.