Inspirato Reports $350M Combined Revenue with Buyerlink Merger, Advances EBITDA Targets

Inspirato Incorporated (ISPO) has signaled $350M combined revenue with its merger with Buyerlink. The company's CEO, Payam Zamani, highlighted the transaction as an "important milestone" in its strategy to expand its platform and long-term value. The deal advances Inspirato's adjusted EBITDA targets.

Inspirato Incorporated (ISPO) reported its second-quarter (Q2) 2025 financial results, highlighting significant progress in its transformation journey. The company reported a net loss of $5.3 million, an adjusted EBITDA of negative $0.3 million, representing an $8.8 million or 96% year-over-year adjusted EBITDA improvement. Gross margin reached $17.4 million, driven by portfolio optimization and a more efficient business model. Cash operating expenses declined by $7.1 million or 27% year-over-year, reflecting a continued focus on operational improvements [1].

Occupancy stood at 59%, with average daily rates (ADR) increasing 24% to $1,670. As of June 30, 2025, Inspirato reported over 11,000 active memberships, underscoring its focus on high-quality, recurring revenue. Chairman and CEO Payam Zamani commented, "Our second quarter results reflect continued progress in our transformation, highlighted by an EBITDA improvement of $8.8 million year-over-year and achieving free cash flow breakeven" [1].

In a strategic move, Inspirato announced a definitive agreement to combine with Buyerlink, a technology leader in operating online marketplaces and performance-based marketing. The all-stock transaction, valued at approximately $326.3 million, is structured as a reverse merger and expected to close in the third quarter of 2025, subject to customary closing conditions, including regulatory approvals. Upon closing, the combined entity, One Planet Platforms, will trade on Nasdaq under a new ticker symbol [1].

The merger is expected to accelerate Inspirato's strategy by adding proven technology and expanding its reach in the global luxury travel market. Inspirato's brand and travel offering are expected to benefit meaningfully from Buyerlink's scalable infrastructure, AI efforts, and deep experience across performance-based marketing. The transaction is anticipated to be completed by the end of the third quarter, with Inspirato's current shareholders, including those holding ISPO shares today, owning stock in the newly combined organization [1].

Inspirato remains on track with its year-to-date progress toward its previously communicated full-year 2025 targets. However, the company does not plan to update its standalone guidance going forward due to the pending transaction. Chairman and CEO Payam Zamani and CFO Michael Arthur will host a conference call on Wednesday, August 13, 2025, to discuss Inspirato's operating and financial results [1].

References:
[1] https://investor.inspirato.com/news-releases/news-release-details/inspirato-reports-q2-financial-and-operating-results