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.

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Source Fool.com