UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15b-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2018
Commission File Number 001-38209
DESPEGAR.COM, CORP.
(Exact name of registrant as specified in its charter)
British Virgin Islands
 (Jurisdiction of incorporation or organization)
Juana Manso 999
Ciudad Autónoma de Buenos Aires, Argentina C1107CBR
( Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ____ X ___ Form 40-F _______
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___ X ____
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.

Despegar.com Announces 4Q17 Year-over-Year Growth of 26% in Gross Bookings and 30% in Revenues
BUENOS AIRES, Argentina--(BUSINESS WIRE)--March 8, 2018--Despegar.com, Corp. (NYSE:DESP), (“Despegar” or the “Company”) a leading online travel company in Latin America, today announced unaudited results for the fourth quarter and full year ended December 31, 2017. Financial results are expressed in U.S. dollars and are presented in accordance with U.S. generally accepted accounting principles.
Fourth Quarter and Full Year 2017 Key Highlights
·	Transactions up 19% year-over-year in 4Q17 and 26% for full year 2017
·	Gross bookings up 26% year-over-year in 4Q17 and 37% for full year 2017
·	Revenues up 30% year-over-year in 4Q17 and 27% for full year 2017
·	Packages, Hotels and Other Travel Products accounted for 54% of total revenue in 4Q17, up 700 basis points from fourth quarter 2016
·	Number of mobile transactions up 45% year-over-year, accounting for 30% of total transactions in 4Q17 and 28% for full year 2017
·	Mobile remains fastest growing channel, with over 38 million cumulative mobile APP downloads as of December 31, 2017, up 39% year-over-year
·	Adjusted EBITDA increased 125% year-over-year, or 29% year-over-year excluding one-time items, and increased 84% and 67% respectively for full year 2017
·	Operating cash flow of $25.2 million in 4Q17, up from $17.6 million in 4Q16, and $61.2 million for full year 2017
Message from CEO
“ 2017 was a pivotal year for the Company as we made significant progress on our strategic plan that strengthened our financial position and better positioned the company for future growth. We achieved several key milestones, among them: generating more than half of our revenue from higher margin Packages, Hotels and Other Travel Products; reaching $1 billion in mobile gross bookings; and, the successful completion of our Initial Public Offering,” commented Damian Scokin, Despegar’s CEO. As we reflect on these milestones, we are extremely proud of the market position we have built as Latin America’s leading online travel agency.
Mr. Scokin further commented, “Significant results were achieved in 4Q17 on a number of fronts. Gross bookings year-on-year increased in excess of 26% partially driven by the strong execution of our Black Friday and Cyber Monday promotional events where we saw gross bookings increase over 40% in our key markets. In addition, we continue to gain market share .”

	 		 		 		 		 		 		
Operating and Financial Metrics Highlights													
(In millions, except as noted)													
 	 	4Q17	 	4Q16	 	% Chg		2017	 	2016	 	% Chg	
Operating metrics	 	 	 	 	 	 		 	 	 	 	 	
Number of transactions	 	2.4	 	2.0	 	19%		9.1	 	7.2	 	26%	
Gross bookings	 	$1,258.4	 	$998.5	 	26%		$4,454.5	 	$3,260.2	 	37%	
Mix of mobile transactions	 	30%	 	24%	 	-		28%	 	23%	 	-	
Financial metrics	 	 	 	 	 	 		 	 	 	 	 	
Revenues	 	$144.0	 	$111.2	 	30%		$523.9	 	$411.2	 	27%	
Air	 	65.8	 	59.0	 	12%		241.0	 	205.7	 	17%	
Packages, Hotels & Other Travel Products	 	78.2	 	52.2	 	50%		282.9	 	205.4	 	38%	
Net income	 	12.4	 	4.0	 	209%		42.4	 	17.8	 	138%	
Adjusted EBITDA	 	25.1	 	11.2	 	125%		89.4	 	48.6	 	84%	
Adjusted EBITDA (Excl. one-time items)	 	24.3	 	18.9	 	29%		86.6	 	51.8	 	67%	
												 	
Overview of Fourth Quarter 2017 Results
Operating Metrics
Our number of transactions rose 19% to 2.4 million during 4Q17 from 2.0 million in 4Q16 while gross bookings increased 26% YoY to $1,258.4 million in the fourth quarter of 2017, from $998.5 million in 4Q16. The business continues to benefit from favorable macroeconomic conditions in the countries in which the Company operates, albeit at a slower pace when compared with first half 2017.
The Company’s business is organized into two segments: (1) Air, which consists of the sale of airline tickets, and (2) Packages, Hotels and Other Travel Products, which consists of travel packages (the bundling of two or more products together), as well as stand-alone sales of accommodations (including hotels and vacation rentals), car rentals, bus tickets, cruise tickets, travel insurance and destination services.
During 4Q17, Despegar continued to gain traction in its strategy to drive growth in the higher-margin Packages, Hotels and Other Travel Products segment, reaching 43% of transactions up from 40% in 4Q16. Air transactions, in turn, were 57% in 4Q17 compared with 60% in the year-ago quarter. This strategy also resulted in a 6% year-over-year increase in the average selling price (“ASP”) in 4Q17 to $520 per transaction, driven by product mix shift to higher ASP packages, destination mix shift to higher ASP international destinations and supplier price increases within similar product segments. Brazil, the largest market by transactions for Despegar, accounted for 41% of total transactions, increasing 18% year-over-year in the fourth quarter. Transactions increased 22% year-over-year in Argentina and 30% year-over-year in Mexico in 4Q17.
The number of transactions via mobile increased 45% year-over-year during 4Q17, with approximately 30% of all transactions completed on the mobile platform, compared with 24% in 4Q16. As of December 31, 2017, Despegar’s mobile applications had over 38 million cumulative downloads.

Key Operating Metrics											
(In millions, except as noted)											
		4Q17		4Q16		% Chg	
 	 	$	 	% of total	 	$	 	% of total	 		
Gross Bookings	 	$1,258.4	 	 	 	$998.5	 	 	 	26%	
Average selling price (ASP) (in $)	 	$520	 	 	 	$491	 	 	 	6%	
Number of Transactions by Segment & Total	 	 	 	 	 	 	 	 	 	 	
Air	 	1.4	 	57%	 	1.2	 	60%	 	13%	
Packages, Hotels & Other Travel Products	 	1.0	 	43%	 	0.8	 	40%	 	28%	
Total Number of Transactions	 	2.4	 	100%	 	2.0	 	100%	 	19%	

Revenue
Total revenue during 4Q17 increased 30% to $144.0 million, from $111.2 million in 4Q16, driven by solid growth in Packages, Hotels & Other Travel Products and exceeding the growth in gross bookings and transactions. Total revenue margin was up 31 basis points year-on-year, to 11.4% in 4Q17, as the company continues to shift to higher-margin Packages, Hotels and Other Travel Products that more than compensated for the reduction in Air fees implemented in 3Q17.
·	Air segment revenue increased 12% year-over-year to $65.8 million, from $59.0 million in the corresponding period of the prior year. Despegar continued to gain market share in the air segment despite slower overall market growth, with transactions up 13% in the period. Volume growth was partially offset by a 1% decrease in average revenue per transaction based on the Company’s strategy of selectively reducing air customer fees implemented in 3Q17 to drive market share gains and provide additional cross-selling opportunities. Commissions and GDS incentives remained stable.
·	Packages, Hotels & Other Travel Products segment revenue was up 50% in the quarter to $78.2 million, compared to $52.2 million in 4Q16, as a result of increases of 28% in number of transactions and 17% in revenue per transaction, driven mainly by higher ASPs and revenue margin, reflecting a growing share of higher-margin packages to international destinations along with a longer length of stay. The Packages, Hotels and Other Travel Products segment accounted for 54% of total revenue in 4Q17, up from 47% in the same period of the prior year.

Revenue Breakdown 1											
		4Q17		4Q16		% Chg	
 	 	$	 	% of total	 	$	 	% of total	 		
Revenue by business segment (in $Ms)	 	 	 	 	 	 	 	 	 	 	
Air	 	65.8	 	46%	 	59.0	 	53%	 	12%	
Packages, Hotels & Other Travel Products	 	78.2	 	54%	 	52.2	 	47%	 	50%	
Total revenue	 	$144.0	 	100%	 	$111.2	 	100%	 	30%	
Revenue per transaction (in $)	 	 	 	 	 	 	 	 	 	 	
Air	 	47.5	 	 	 	48.1	 	 	 	(1%)	
Packages, Hotels & Other Travel Products	 	75.7	 	 	 	64.4	 	 	 	17%	
Total revenue per transaction	 	$59.5	 	 	 	$54.6	 	 	 	9%	
Total revenue margin	 	11.4%	 	 	 	11.1%	 	 	 	+31 bps	
(1) Net of sales tax											
										 	
Cost of Revenue and Gross Profit
Cost of revenue , which primarily consists of credit card processing fees, bank fees related to customer financing installment plans offered and fulfillment center expenses, increased 15% to $38.4 million in the fourth quarter of 2017 from $33.3 million in 4Q16. As a percentage of revenues, cost of revenue improved by 328 basis points to 26.7% from 29.9% in 4Q16, primarily reflecting lower fraud and improved efficiency in the fulfillment center, which more than offset higher costs related to enhancements in customer financing installment plans.
Gross Profit for 4Q17 reached $105.6 million, up 36% year-over-year.

	 		 		 		
Cost of Revenue and Gross Profit							
(In millions, except as noted)							
 	 	4Q17	 	4Q16	 	% Chg	
Revenue	 	$144.0	 	$111.2	 	30%	
Cost of Revenue	 	$38.4	 	$33.3	 	15%	
% of revenues	 	26.7%	 	29.9%	 	(328) bps	
Gross Profit	 	105.6	 	77.9	 	36%	
Gross Profit Margin	 	73.3%	 	70.1%	 	+328 bps	
						 	
Operating Expenses
Total operating expenses in the fourth quarter of 4Q17 increased 22% to $85.5 million, from $70.4 million in the year ago quarter, primarily due to higher selling and marketing expenses. As a percentage of revenue, total operating expenses were 59.4%, 392 basis points below 4Q16. General and administrative and technology and product development expenses, which as a percentage of revenue together decreased almost 700 basis points YoY, offset the 306 basis points increase in selling and marketing expenses.
·	Selling and marketing expenses of $46.4 million were 43% higher than 4Q16. As a percentage of revenue, selling and marketing expenses in 4Q17 were 32.2% compared to 29.1% in the same period of the prior year. The Company continues to make investments to build brand awareness and drive market share increases.
·	General and administrative (G&A) expenses declined 10% year-over-year to $19.8 million, from $22.0 million in 4Q16, mainly reflecting the effect of certain one-time items. G&A in 4Q16 included extraordinary severance costs of $7.7 million and in 4Q17 includes a tax recovery gain of $0.8 million. Excluding these one-time items, G&A expense would have increased 44.6% year-over-year, primarily as a result of higher bonuses and commissions, salaries and benefits, stock compensation expense and professional fees. As a percentage of revenues, G&A was, excluding one-time items, 14.3% of revenue in 4Q17 compared to 12.8% of revenue in 4Q16.
·	Technology and product development expenses in 4Q17 increased 21% year-over-year to $19.3 million, compared to $16.0 million in the year ago quarter. As a percentage of revenue, technology and product expenses improved by 98 basis points during the quarter to 13.4%.
Excluding the $0.8 million tax recovery gain in 4Q17 as well as the $7.7 million in severance payments in 4Q16, total operating expenses would have increased 38% year-over-year and total operating expenses as a percentage of revenue would have increased 50 basis points to 59.9% in 4Q17.

Operating Expenses							
(In millions, except as noted)							
 	 	4Q17	 	4Q16	 	% Chg	
Selling and marketing	 	$46.4	 	$32.4	 	43%	
% of revenues	 	32.2%	 	29.1%	 	+306 bps	
General and administrative	 	$19.8	 	$22.0	 	(10%)	
% of revenues	 	13.8%	 	19.8%	 	(599) bps	
Technology and product development	 	$19.3	 	$16.0	 	21%	
% of revenues	 	13.4%	 	14.4%	 	(98) bps	
Total operating expenses	 	$85.5	 	$70.4	 	22%	
Total operating expenses as a % of revenues	 	59.4%	 	63.3%	 	(392) bps	
Total operating expenses (Excl. one-time items)	 	$86.3	 	$62.7	 	38%	
Total operating expenses (Excl. one time items) as a % of revenues	 	59.9%	 	56.4%	 	+356 bps	

Financial Income/Expenses
In the fourth quarter of 2017, the Company reported a net financial expense of $6.2 million compared to $1.9 million in 4Q16. The increase was primarily due to higher foreign exchange losses from currency fluctuations and higher credit card receivable factoring expenses in Brazil as a result of the increase in gross bookings and customer use of installments.
Income Taxes
The Company reported income tax expense of $1.5 million in the fourth quarter of 2017, compared to $1.6 million in the year ago quarter. The effective tax rate in 4Q17 was 11%, compared to 29% in 4Q16. The lower effective rate in 4Q17 was due primarily to the recognition of deferred tax assets and by a reversal of a tax contingency due to the expiration of the statute of limitations.
Adjusted EBITDA & Margin
Adjusted EBITDA in 4Q17 increased 125% to $25.1 million from $11.2 million in 4Q16, with the margin expanding over 700 basis points to 17.4% compared to 10.1% in the prior year period.
Excluding the one-time items already mentioned in operating expenses, Adjusted EBITDA would have increased 29%, with a margin of 16.9% in 4Q17 compared to 17.0% in 4Q16.

Adjusted EBITDA Reconciliation & Adjusted EBITDA Margin	
(In millions, except as noted)	 						
 	 	4Q17	 	4Q16	 	% Chg	
Net income/ (loss)		$12.4		$4.0		209%	
Add (deduct):	 	 	 	 	 	 	
Financial expense, net	 	6.2	 	1.9	 	235%	
Income tax expense	 	1.5	 	1.6	 	(8%)	
Depreciation expense	 	1.0	 	1.1	 	(7%)	
Amortization of intangible assets	 	2.7	 	2.1	 	29%	
Share-based compensation expense	 	1.2	 	0.4	 	189%	
Adjusted EBITDA	 	$25.1	 	$11.2	 	125%	
Adjusted EBITDA Margin	 	17.4%	 	10.1%	 	+738 bps	
One-time items	 	0.8	 	(7.7)	 	(110%)	
Adjusted EBITDA (Excl. one-time items)	 	24.3	 	18.9	 	29%	
Adjusted EBITDA Mg. (Excl. one-time items)	 	16.9%	 	17.0%	 	(11) bps	
						 	
Balance Sheet and Cash Flow
Unrestricted cash and cash equivalents at December 31, 2017 were $371.0 million, compared to $76.0 million at December 31, 2016, reflecting net proceeds to the Company from the 3Q17 Initial Public Offering as well as $41.5M in cash flow generated during 2017.
The Company generated positive net cash flow from operating activities of $25.2 million in 4Q17 versus $17.6 million in 4Q16. For the twelve months, ended December 31, 2017 net cash provided by operating activities was $61.2 million versus a use of cash of $43.3 million for the twelve months ended December 31, 2016.
Accounts receivables net of allowances were $198.3 million at December 31, 2017, up 64% from $121.1 million at December 31, 2016 due to the increase in sales volume, accumulation of credit card receivables in Brazil as part of Despegar’s currency hedging strategy along with the Company’s increased use of its own credit card merchant identification mainly in Chile, Colombia and Mexico to improve customer financing alternatives.

Travel supplier payables increased 71% to $174.8 million, from $102.2 million at December 31, 2016, reflecting sales growth and the mix shift to Packages, Hotels & Other Travel Products that are typically settled after checkout versus air transactions that are typically settled shortly after booking. Related party payables were up 19% to $84.4 million from $71.0 million at December 31, 2016.
Non-current contingent liabilities, declined by $15.3 million to $7.1 million, from $22.4 million at December 31, 2016 largely due to the settlement of a fully reserved tax contingency.
Capital expenditures were $6.3 million and $4.8 million in the three-month periods ending December 31, 2017 and December 31, 2016, respectively and $21.6 million and $16.6 million in the twelve months ending December 31, 2017 and 2016, respectively. Funds were primarily used for software and website development along with the expansion of the regional headquarters.
Other News – New Revenue Recognition Standard
Despegar plans to adopt Accounting Standards Update 2014-09 commencing with first quarter 2018 results. Under the new revenue recognition standard, companies are permitted to recognize revenue from transactions once their performance obligation has been satisfied. As an intermediary between customers and travel suppliers, Despegar’s performance obligation is concluded at the completion of the transaction on Despegar’s platform at the time of booking.
The Company currently estimates that this change in revenue recognition timing will impact its annual 2018 revenue by approximately 2%, although the quarterly impact may be more significant. For example, a meaningful amount of travel is typically booked in the fourth quarter each year and is completed in the first quarter of the following year. Under the new revenue recognition standard, this revenue will be recognized in the fourth quarter at booking rather than in the first quarter of the following year at check-out, as it was under the previous revenue recognition standard.
The Company estimates that revenue will follow a similar pattern as the 2017 adjusted revenue numbers presented in the table below for comparative purposes.

(In millions, except as noted)											
 	 	1Q17	 	2Q17	 	3Q17	 	4Q17	 	FY17	
Reported Revenue	 	$125.0	 	$123.5	 	$131.5	 	$144.0	 	$523.9	
Adjustment	 	($3.3)	 	($0.1)	 	$1.3	 	$6.8	 	$4.7	
Adjusted Revenue	 	$121.7	 	$123.4	 	$132.8	 	$150.8	 	$528.7	
% change vs Reported Revenue	 	(3%)	 	(0%)	 	1%	 	5%	 	1%	

4Q17 Earnings Conference Call
When: 8:00 a.m. Eastern time, March 8, 2018
Who: Mr. Damián Scokin, Chief Executive Officer
Mr. Michael Doyle, Chief Financial Officer
Ms. Ines Lanusse, Investor Relations Manager
Dial-in: 1-866-270-1533 (U.S. domestic); 1-647-788-3415 (international)
Webcast: CLICK HERE
Use of Non-GAAP Financial Measures
This announcement includes certain references to Adjusted EBITDA and non-GAAP financial measures. The Company defines:
Adjusted EBITDA is defined as net income/(loss) exclusive of financial income/(expense), income tax, depreciation, amortization and share-based compensation expense.
Free cash flow is defined as cashflow from operating activities less capital expenditures including capitalized software.
Adjusted EBITDA and Free cash flow are not measures recognized under U.S. GAAP. Accordingly, readers are cautioned not to place undue reliance on this information and should note that these measures as calculated by the Company, may differ materially from similarly titled measures reported by other companies, including its competitors. Adjusted EBITDA margin refers to Adjusted EBITDA as defined above divided by revenue.
Definitions and concepts
Average Selling Price (ASP): reflects gross bookings divided by the total number of transactions.
Gross Bookings: Gross bookings is an operating measure that represents the aggregate purchase price of all travel products booked by the Company’s customers through its platform during a given period. The Company generates substantially all of its revenue from commissions and other incentive payments paid by its suppliers and service fees paid by its customers for transactions through its platform, and, as a result, it monitors gross bookings as an important indicator of its ability to generate revenue.
Number of Transactions: The number of transactions for a period is an operating measure that represents the total number of customer orders completed on our platform in such period. The number of transactions is an important metric because it is an indicator of the level of engagement with the Company’s customers and the scale of its business from period to period but, unlike gross bookings, the number of transactions is independent of the average selling price of each transaction, which can be influenced by fluctuations in currency exchange rates among other factors.
Revenue: The Company reports its revenue on a net basis, deducting cancellations and amounts that it collects as sales taxes. Despegar derives substantially all of its revenue from commissions and other incentive payments paid by its suppliers and service fees paid by its customers for transactions through its platform. To a lesser extent, Despegar also derives revenue from the sale of third-party advertisements on its websites and from certain suppliers when their brands appears in the Company advertisements in mass media.
Revenue Margin: calculated as revenue divided by gross bookings.
Seasonality : Despegar’s financial results experience fluctuations due to seasonal variations in demand for travel services. Bookings for vacation and leisure travel are generally higher during the fourth quarter, although to date and prior to the revenue recognition change beginning in the first quarter of 2018, the Company has recognized more revenue associated with those bookings in the first quarter of each year. Latin American travelers, particularly leisure travelers, who are Despegar’s primary customers, tend to travel most frequently at the end of the fourth quarter and during the first quarter of each year.

About Despegar.com
Despegar is the leading online travel company in Latin America. Operating across 20 countries, Despegar provides a broad suite of travel products, including airline tickets, travel packages, hotel bookings and other travel products to over 17 million customers. With a mission “to make travel possible”, the Company’s one-stop marketplace enables millions of users to find, compare, plan and easily purchase travel services and products. Through Despegar’s websites and leading mobile apps, it offers products from over 300 airlines, more than 450,000 accommodation options, as well as approximately 1,000 car rental agencies and approximately 240 destination services suppliers with more than 7,700 activities throughout Latin America. The Company owns and operates two well-recognized brands, Despegar, its global brand, and Decolar, its Brazilian brand. Despegar is traded on the New York Stock Exchange (NYSE: DESP). For more information, please visit  www.despegar.com .
Forward Looking Statements
This press release may include forward-looking statements. We base these forward-looking statements on our current beliefs, expectations and projections about future events and financial trends affecting our business and our market. Many important factors could cause our actual results to differ substantially from those anticipated in our forward-looking statements. Forward-looking statements are not guarantees of future performance. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or to revise any forward-looking statements.
-- Financial Tables Follow --

Unaudited Consolidated Statements of Operations for the Three- and Twelve-Month Periods ended December 31, 2017 and 2017 (in thousands U.S. dollars, except as noted)

 	 	4Q17	 	4Q16	 	% Chg	 	2017	 	2016	 	% Chg	
Revenue	 	$144,011	 	$111,162	 	30%		$523,940	 	$411,162	 	27%	
Cost of revenue	 	38,383	 	33,279	 	15%		142,479	 	126,675	 	12%	
Gross profit	 	105,628	 	77,883	 	36%		381,461	 	284,487	 	34%	
Operating expenses	 	 	 	 	 	 		 	 	 	 	 	
Selling and marketing	 	46,356	 	32,382	 	43%		166,288	 	121,466	 	37%	
General and administrative	 	19,821	 	21,961	 	(10%)		72,626	 	64,683	 	12%	
Technology and product development	 	19,349	 	16,030	 	21%		71,308	 	63,251	 	13%	
Total operating expenses	 	85,526	 	70,373	 	22%		310,222	 	249,400	 	24%	
Operating income	 	20,102	 	7,510	 	168%		71,239	 	35,087	 	103%	
Net financial income (expense)	 	(6,232)	 	(1,863)	 	235%		(16,879)	 	(6,752)	 	150%	
Net income before income taxes	 	13,870	 	5,647	 	146%		54,360	 	28,335	 	92%	
Income tax expense	 	1,512	 	1,647	 	(8%)		11,994	 	10,538	 	14%	
Net income	 	12,358	 	4,000	 	209%		42,366	 	17,797	 	138%	
Basic EPS (in $)	 	0.18	 	0.07	 	162%		0.69	 	0.30	 	127%	
Diluted EPS (in $)	 	0.18	 	0.07	 	162%		0.69	 	0.30	 	127%	
Basic shares weighted average 1	 	69,098	 	58,518	 	 		61,457	 	58,518	 	 	
Diluted shares weighted average 1	 	69,189	 	58,609	 	 		61,548	 	58,609	 	 	
As a % of Revenues	 	 	 	 	 	 		 	 	 	 	 	
Cost of revenue	 	26.7%	 	29.9%	 	(328) bps		27.2%	 	30.8%	 	(362) bps	
Gross profit	 	73.3%	 	70.1%	 	+328 bps		72.8%	 	69.2%	 	+362 bps	
Operating expenses	 	 	 	 	 	 		 	 	 	 	 	
Selling and marketing	 	32.2%	 	29.1%	 	+306 bps		31.7%	 	29.5%	 	+220 bps	
General and administrative	 	13.8%	 	19.8%	 	(599) bps		13.9%	 	15.7%	 	(187) bps	
Technology and product development	 	13.4%	 	14.4%	 	(98) bps		13.6%	 	15.4%	 	(177) bps	
Total operating expenses	 	59.4%	 	63.3%	 	(392) bps		59.2%	 	60.7%	 	(145) bps	
Operating income	 	14.0%	 	6.8%	 	+720 bps		13.6%	 	8.5%	 	+506 bps	
Net income before income taxes	 	9.6%	 	5.1%	 	+455 bps		10.4%	 	6.9%	 	+348 bps	
Net income	 	8.6%	 	3.6%	 	+498 bps		8.1%	 	4.3%	 	+376 bps	
1. In thousands	 		 		 				 		 		

Key Financial & Operating Trended Metrics (in thousands U.S. dollars, except as noted)

 	 	1Q16	 	2Q16	 	3Q16	 	4Q16	 	1Q17	 	2Q17	 	3Q17	 	4Q17	
FINANCIAL RESULTS	 	 	 	 	 	 	 	 		 	 	 	 	 	 	 	
Revenue	 	$95,115	 	$98,797	 	$106,088	 	$111,162		$124,999	 	$123,462	 	$131,468	 	$144,011	
Cost of revenue	 	33,494	 	33,752	 	26,150	 	33,279		31,140	 	35,087	 	37,869	 	38,383	
Gross profit	 	61,621	 	65,045	 	79,938	 	77,883		93,859	 	88,375	 	93,599	 	105,628	
Operating expenses	 	 	 	 	 	 	 	 		 	 	 	 	 	 	 	
Selling and marketing	 	28,577	 	29,133	 	31,374	 	32,382		35,546	 	43,289	 	41,097	 	46,356	
General and administrative	 	15,186	 	13,960	 	13,576	 	21,961		18,869	 	18,618	 	15,318	 	19,821	
Technology and product development	 	15,561	 	15,942	 	15,718	 	16,030		15,408	 	17,644	 	18,907	 	19,349	
Total operating expenses	 	59,324	 	59,035	 	60,668	 	70,373		69,823	 	79,551	 	75,322	 	85,526	
Operating income	 	2,297	 	6,010	 	19,270	 	7,510		24,036	 	8,824	 	18,277	 	20,102	
Net financial income (expense)	 	(386)	 	(3,653)	 	(850)	 	(1,863)		(6,156)	 	(1,611)	 	(2,880)	 	(6,232)	
Net income before income taxes	 	1,911	 	2,357	 	18,420	 	5,647		17,880	 	7,213	 	15,397	 	13,870	
Income tax expense	 	2,646	 	2,178	 	4,067	 	1,647		2,486	 	3,806	 	4,190	 	1,512	
Net income /(loss)	 	(735)	 	179	 	14,353	 	4,000		15,394	 	3,407	 	11,207	 	12,358	
 	 	 	 	 	 	 	 	 		 	 	 	 	 	 	 	
KEY METRICS	 	 	 	 	 	 	 	 		 	 	 	 	 	 	 	
Operational	 	 	 	 	 	 	 	 		 	 	 	 	 	 	 	
Gross bookings	 	$661,577	 	$755,413	 	$844,782	 	$998,462		$1,019,102	 	$1,061,026	 	$1,116,022	 	$1,258,398	
- YoY growth	 	(19%)	 	(13%)	 	(10%)	 	3%		54%	 	40%	 	32%	 	26%	
Number of transactions	 	1,632	 	1,706	 	1,839	 	2,035		2,129	 	2,210	 	2,298	 	2,419	
- YoY growth	 	(6%)	 	(8%)	 	(9%)	 	(3%)		30%	 	30%	 	25%	 	19%	
Air	 	928	 	1,008	 	1,089	 	1,225		1,246	 	1,324	 	1,328	 	1,386	
- YoY growth	 	(0%)	 	(4%)	 	(4%)	 	(3%)		34%	 	31%	 	22%	 	13%	
Packages, Hotels & Other Travel Products	 	704	 	698	 	750	 	810		883	 	886	 	970	 	1,033	
- YoY growth	 	(13%)	 	(12%)	 	(16%)	 	(2%)		25%	 	27%	 	29%	 	28%	
Revenue per transaction	 	$58.3	 	$57.9	 	$57.7	 	$54.6		$58.7	 	$55.9	 	$57.2	 	$59.5	
- YoY growth	 	5%	 	4%	 	8%	 	0%		1%	 	(4%)	 	(1%)	 	9%	
Air	 	$44.8	 	$50.2	 	$50.1	 	$48.1		$44.7	 	$46.0	 	$44.1	 	$47.5	
- YoY growth	 	(11%)	 	(4%)	 	4%	 	(4%)		(0%)	 	(8%)	 	(12%)	 	(1%)	
Packages, Hotels & Other Travel Products	 	$76.1	 	$69.1	 	$68.6	 	$64.4		$78.4	 	$70.6	 	$75.2	 	$75.7	
- YoY growth	 	23%	 	16%	 	13%	 	5%		3%	 	2%	 	10%	 	17%	
ASPs	 	$405	 	$443	 	$459	 	$491		$479	 	$480	 	$486	 	$520	
- YoY growth	 	(13%)	 	(6%)	 	(1%)	 	6%		18%	 	8%	 	6%	 	6%	
 	 	 	 	 	 	 	 	 		 	 	 	 	 	 	 	
Net income/ (loss)	 	($735)	 	$179	 	$14,353	 	$4,000		$15,394	 	$3,407	 	$11,207	 	$12,358	
Add (deduct):	 	 	 	 	 	 	 	 		 	 	 	 	 	 	 	
Financial expense, net	 	386	 	3,653	 	850	 	1,863		6,156	 	1,611	 	2,880	 	6,232	
Income tax expense	 	2,646	 	2,178	 	4,067	 	1,647		2,486	 	3,806	 	4,190	 	1,512	
Depreciation expense	 	1,265	 	1,263	 	1,450	 	1,111		1,343	 	1,362	 	1,337	 	1,033	
Amortization of intangible assets	 	1,728	 	1,918	 	2,060	 	2,129		1,517	 	2,039	 	2,454	 	2,741	
Share-based compensation expense	 	50	 	50	 	50	 	424		1,176	 	930	 	959	 	1,224	
Adjusted EBITDA	 	$5,340	 	$9,241	 	$22,830	 	$11,174		$28,072	 	$13,155	 	$23,027	 	$25,100	

Unaudited Consolidated Balance Sheets as of December 31, 2017 and December 31, 2016 (in thousands U.S. dollars, except as noted)

 	 	As of December 31, 2017	 	As of December 31, 2016	
ASSETS	 	 		 	
Current assets	 	 		 	
Cash and cash equivalents	 	$371,013		$75,968	
Restricted cash and cash equivalents	 	$29,764		$22,738	
Short Term Investments	 	–		–	
Accounts receivable, net of allowances	 	$198,273		$121,098	
Related party receivable	 	5,253		2,240	
Other current assets and prepaid expenses	 	34,063		27,184	
Total current assets	 	638,366		249,228	
Non-current assets	 	 		 	
Restricted cash and cash equivalents	 	10,000		20,459	
Property and equipment net	 	16,171		13,717	
Intangible assets, net	 	35,424		31,412	
Goodwill	 	38,733		38,894	
Total non-current assets	 	100,328		104,482	
TOTAL ASSETS	 	738,694		353,710	
LIABILITIES AND SHAREHOLDERS’ DEFICIT	 	 		 	
Current liabilities	 	 		 	
Accounts payable and accrued expenses	 	45,609		25,335	
Travel suppliers payable	 	174,817		102,237	
Related party payable	 	84,364		71,006	
Loans and other financial liabilities	 	8,220		7,179	
Deferred Revenue	 	30,113		29,095	
Other liabilities	 	39,751		49,686	
Contingent liabilities	 	4,732		3,613	
Total current liabilities	 	387,606		288,151	
Non-current liabilities	 	 		 	
Other liabilities	 	1,015		409	
Contingent liabilities	 	7,115		22,413	
Related party liability	 	125,000		125,000	
Total non-current liabilities	 	133,130		147,822	
TOTAL LIABILITIES	 	520,736		435,973	
SHAREHOLDERS’ EQUITY (DEFICIT)	 	 		 	
Common stock 1	 	253,535		6	
Additional paid-in capital	 	316,444		312,155	
Other reserves	 	(728)		(728)	
Accumulated other comprehensive income	 	16,323		16,286	
Accumulated losses	 	(367,616)		(409,982)	
Total Shareholders' Equity Attributable / (Deficit) to Despegar.com Corp	 	217,958		(82,263)	
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	 	738,694		353,710	

1. Represents 58,518 (at $0.0001) and 10,578 (issued at $26 per share) issued and outstanding at September 30, 2017 and 58,518 shares issued and outstanding at December 31, 2016. (in thousands of shares)	

Unaudited Statements of Cash Flows for the three and nine-month periods ended December 31, 2017 and 2016 (in thousands U.S. dollars, except as noted)

	 	3 months ended December 31,	 	12 months ended December 31,	
 	 	2017	 	2016	 	2017	 	2016	
Cash flows from operating activities	 	 	
Net income	 	$12,358	 	$4,000	 	$42,366	 	$17,797	
Adjustments to reconcile net income to net cash flow from operating activities	
 Unrealized foreign currency translation losses	 	–	 	(144)	 	457	 	466	
Depreciation expense	 	1,033	 	1,111	 	5,075	 	5,089	
Amortization of intangible assets	 	2,741	 	2,129	 	8,751	 	7,835	
Stock based compensation expense	 	1,224	 	424	 	4,289	 	574	
Interest and penalties	 	(675)	 	436	 	(65)	 	1,494	
Income taxes	 	(369)	 	116	 	5,507	 	3,846	
Allowance for doubtful accounts	 	130	 	716	 	818	 	2,548	
Provision / (recovery) for contingencies	 	(97)	 	748	 	(603)	 	526	
Changes in assets and liabilities, net of non-cash transactions	
(Increase) / Decrease in accounts receivable, net of allowances	 	(45,783)	 	(22,348)	 	(85,383)	 	(71,389)	
(Increase) / Decrease in related party receivables	 	(671)	 	107	 	(3,013)	 	(293)	
(Increase) / Decrease in other assets and prepaid expenses	 	(3,599)	 	3,824	 	(10,090)	 	3,591	
Increase / (Decrease) in accounts payable and accrued expenses	 	7,878	 	(3,949)	 	22,363	 	(13,895)	
Increase / (Decrease) in travel suppliers payable	 	50,005	 	8,800	 	78,835	 	(20,121)	
Increase / (Decrease) in other liabilities	 	(9,086)	 	9,885	 	(12,323)	 	10,440	
Increase / (Decrease) in contingencies	 	(2,062)	 	815	 	(12,183)	 	618	
Increase / (Decrease) in related party liabilities	 	4,621	 	8,429	 	13,964	 	13,210	
Increase / (Decrease) in deferred revenue	 	7,584	 	2,522	 	2,461	 	(5,628)	
Net cash flows provided by / (used in) operating activities	 	25,232	 	17,621	 	61,226	 	(43,292)	
Cash flows from investing activities	 	 	 	 	
Payments for short-term investments	 	–	 	–	 	–	 	40,013	
Acquisition of property and equipment	 	(2,392)	 	(851)	 	(8,746)	 	(4,419)	
Increase of intangible assets including internal-use software and website development	 	(3,942)	 	(3,906)	 	(12,929)	 	(12,159)	
(Increase) / Decrease in restricted cash and cash equivalents	 	(631)	 	(5,024)	 	3,414	 	(9,051)	
Net cash (used in) /provided by investing activities	 	(6,965)	 	(9,781)	 	(18,261)	 	14,384	
Cash flows from financing activities	 	 	 	 	
Increase / (Decrease) in loans and other financial liabilities	 	(374)	 	1,642	 	585	 	5,142	
Capital contributions	 	(776)	 	–	 	253,529	 	–	
Net cash (used in) / provided by financing activities	 	(1,150)	 	1,642	 	254,114	 	5,142	
Effect of exchange rate changes on cash and cash equivalents	 	(2,122)	 	(376)	 	(2,034)	 	(2,382)	
Net increase / (decrease) in cash and cash equivalents	 	14,995	 	9,106	 	295,045	 	(26,148)	
Cash and cash equivalents as of beginning of the period	 	356,018	 	66,862	 	75,968	 	102,116	
Cash and cash equivalents as of end of the period	 	371,013	 	75,968	 	371,013	 	75,968	

CONTACT:
Investor Relations:
Despegar.com
Ines Lanusse, (+5411) 4894 3582
Investor Relations Manager
investorelations@despegar.com

Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

DESPEGAR.COM, CORP.

By: /s/ MICHAEL DOYLE
Name: Michael Doyle
Title: Chief Financial Officer

Date: March 8, 2018