Sonder Posts Narrower Loss in Fiscal Q4

Sonder (NASDAQ:SOND), an operator of tech-enabled short-term rental and hotel accommodations, released its fourth quarter fiscal 2024 results on July 23, 2025. The headline from the release: adjusted EBITDA loss improved by 51% and net income turned positive, though revenue missed the prior year by a small margin. GAAP revenue totaled $161 million, edging down 2.0% from last year, with a bottom-line swing to $4.55 per share (GAAP), mostly driven by a one-time gain related to a preferred stock forward contract. The quarter reflected management's progress on cost control and unit performance, offset by a shrinking portfolio and continued negative cash flow.Sonder operates in the hospitality sector, offering short-term rental apartments and hotel-like stays through a technology-driven platform. The company manages a portfolio of leased units in urban markets, aiming to deliver a consistent guest experience via online and app-based booking and guest support.Recently, Sonder's strategy centers on two priorities: deepening its partnership with Marriott to expand booking channels, and optimizing its property portfolio through exits from loss-making or underperforming units. To succeed, the company must improve unit profitability, keep occupancy rates high, and navigate both competitive and regulatory demands in diverse markets.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool