- Vacasa press release (NASDAQ:VCSA): Q2 GAAP EPS of -$0.59 beats by $1.28.
- Revenue of $248.98M (-18.3% Y/Y) beats by $0.31M.
- Outlook: “We continue to experience bookings weakness in terms of both price, or GBV per Night Sold, and utilization, or Nights Sold per Home, in summer peak and as we look out into the back half of this year. We are carefully monitoring intakes, but don’t yet see signs of stabilization in the near term. The ongoing industry dynamics, and their impact on bookings variability and average Gross Booking Value per Home, as well as continued elevated churn creates a wide range of potential outcomes for Revenue, and in-turn, Adjusted EBITDA. As a result, it remains difficult to provide guidance for 2024, but we still do not anticipate reaching Adjusted EBITDA profitability this year.”
Vacasa GAAP EPS of -$0.59 beats by $1.28, revenue of $248.98M beats by $0.31M
