Sonder Lost Nearly $80 Million More in 2022 Than Previously Stated, Focuses on Marriott Integration
Skift Take
The implementation of the Marriott partnership can't come soon enough for Sonder, and it won't kick in until 2025.
Short-term rental company Sonder disclosed that it lost nearly $80 million more in 2022 than it previously reported.
The disclosure was in the 10-K report for 2023, which was released Friday after having been delayed because Sonder needed to restate results for prior years.
Sonder's net loss in 2022 was more than $245.03 million – it had previously reported a loss of $165.7 million.
Sonder's net loss in 2023, which was disclosed for the first time Friday, widened to nearly $295.6 million.
Sonder's shares were trading at $4.69, down more than 10%, in mid-afternoon trading Friday.
Mariott, Marriott, MarriottIt's clear from Sonder'
