Sonder Reports 11% Revenue Drop in Q1, Net Loss Widens 12% Amid Regulatory Uncertainty
ByAinvest
Monday, Aug 25, 2025 5:48 pm ET1min read
SOND--
Sonder's Q1 revenue fell 11% YoY to $118.9mln due to a 21% drop in bookable nights. RevPAR rose 13% YoY and occupancy rate increased by 7 percentage points YoY. Net loss widened 12% to $56.5mln, but cash burn improved 89% YoY. The company faces regulatory uncertainty due to delayed filings and non-compliance with Nasdaq listing requirements.
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