Sonder Discovers Growth Comes at a Price as Losses Widen to $54 Million
Photo Credit: Sonder aims to operate a total of more than 18,000 units by the end of year. Sonder
Skift Take
The technology-focused hospitality company is feeling upbeat on future growth, as occupancy moves in the right direction, but its touted "stellar" results follow a quiet first quarter.
Travel startup Sonder has revised its full-year revenue outlook upwards off the back of record revenue for its second quarter, but losses widened by $8 million compared to the previous quarter.
San Francisco-based Sonder offers travel lodging through a mix of traditional hotels and short-term rentals in apartment buildings.
The travel startup, which still plans a merger with a special purpose acquisition company later this year, posted revenue of $47.3 million for the three months ended June 30, 2021— its highest single quarter revenue to date. That figu
