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      "text": "(in thousands U.S. dollars, unless otherwise stated)",
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      "text": "FINANCIAL RESULTS\nTotal Revenue $83,368 $124,556 $112,414 $134,421 $145,596 $145,542 $158,707 $165,524\nCost of revenue 37,953 53,765 42,558 45,149 50,305 44,897 51,027 60,000\nGross profit 45,415 70,791 69,856 89,272 95,291 100,645 107,680 105,524\nOperating expenses\nSelling and marketing 26,138 34,582 30,517 42,214 46,174 46,245 51,892 51,695\nGeneral and administrative 22,162 18,689 23,523 27,037 24,873 26,092 22,672 8,396\nTechnology and product development 19,432 19,508 20,735 21,407 22,834 25,015 25,971 26,448\nTotal operating expenses 67,732 72,779 74,775 90,658 93,881 97,352 100,535 86,539\nGain / (loss) from equity investments (29) 343 117 16 (105) (192) 113 (285)\nOperating (loss) / income (22,346) (1,645) (4,802) (1,370) 1,305 3,101 7,258 18,700\nFinancial result, net (3,254) (3,809) (7,023) (10,529) (15,359) (12,543) (12,595) (3,948)\nLoss before income taxes (25,600) (5,454) (11,825) (11,899) (14,054) (9,442) (5,337) 14,752\nIncome tax (benefit) / expenses (1,654) 7,545 19,093 1,266 (4,767) 5,717 (4,640) (13,251)\nNet loss (23,946) (12,999) (30,918) (13,165) (9,287) (15,159) (697) 28,003\nNet loss attributable to non controlling interest $273 $526\nNet loss attributable to Despegar.com, Corp (23,673) (12,473) (30,918) (13,165) (9,287) (15,159) (697) 28,003\nTotal Adjusted EBITDA ($10,346) $9,002 $6,787 $10,594 $12,015 $12,525 $17,272 $29,957",
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