Sonder Holdings Q4 Revenue Down 2% YoY, Net Income Up 128%

Sonder Holdings reported Q4 2024 net income of $31 million, a 128% YoY increase, and revenue of $161 million, a 2% decrease. The company completed its integration with Marriott International, making all properties bookable through Marriott's platforms. For the full year 2024, Sonder generated $621 million in revenue, a 3% increase, and its net loss decreased by 24% to $224 million.

Sonder Holdings Inc. (SOND) reported its financial results for the fourth quarter (Q4) and full year 2024, showcasing significant improvements despite a challenging year. The company reported a net income of $31 million for Q4 2024, marking a 128% year-over-year (YoY) increase, despite a 2% decrease in revenue to $161 million [1]. This improvement was driven by a $(92) million change in the fair value of a forward contract related to a preferred stock transaction.

For the full year 2024, Sonder generated $621 million in revenue, a 3% increase from the previous year. However, the company recorded a net loss of $224 million, a 24% improvement from the prior year, driven by improved property profitability and cost savings measures [2]. The company's strategic initiatives, including the integration with Marriott International and the Portfolio Optimization Program, have been key drivers of these improvements.

The company's RevPAR (Revenue Per Available Room) increased by 19% to $180 in Q4 2024, while the occupancy rate improved to 85%. However, bookable nights decreased by 18% year-over-year due to the Portfolio Optimization Program, which aims to mitigate losses from underperforming properties [3].

Sonder's integration with Marriott International, completed in the second quarter of 2025, allows all Sonder properties to be booked through Marriott's digital channels. This strategic move is expected to enhance revenue opportunities and operational efficiencies [4].

The company's forward-looking statements indicate a focus on achieving sustainable positive Adjusted Free Cash Flow as part of their Cash Flow Positive Plan. Sonder aims to continue optimizing its portfolio and leveraging its partnership with Marriott to enhance its market position.

References:
[1] https://www.marketscreener.com/news/sonder-holdings-inc-reports-earnings-results-for-the-fourth-quarter-and-full-year-ended-december-31-ce7c5cd3d88df125
[2] https://www.tradingview.com/news/tradingview:c083f5f64d12d:0-sonder-holdings-inc-announces-fourth-quarter-and-full-year-2024-financial-results/
[3] https://www.gurufocus.com/news/3000475/sonder-holdings-inc-reports-q4-2024-revenue-of-161-million-and-net-income-of-31-million
[4] https://www.tradingview.com/news/tradingview:a5f0e3ecd5e0f:0-sonder-holdings-inc-sec-10-k-report/