Vacasa, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 04:08 pm EDT
Share
Vacasa, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 304.58 million compared to USD 310.35 million a year ago. Net loss was USD 3.12 million compared to net income of USD 5.04 million a year ago. Basic loss per share from continuing operations was USD 0.2 compared to basic earnings per share from continuing operations of USD 0.4 a year ago. Diluted loss per share from continuing operations was USD 0.2 compared to diluted earnings per share from continuing operations of USD 0.4 a year ago.
For the six months, sales was USD 561.43 million compared to USD 557.61 million a year ago. Net loss was USD 26.91 million compared to USD 23.04 million a year ago. Basic loss per share from continuing operations was USD 2.2 compared to USD 2.2 a year ago. Diluted loss per share from continuing operations was USD 2.2 compared to USD 2.2 a year ago.
Vacasa, Inc. is engaged in providing a vacation rental management platform in North America. The Company's integrated technology and operations platform is designed to optimize vacation rental income and home care for homeowners, offer guests an experience, and provide distribution partners with a variety of home listings. The Company's Guest app, Vacasa.com, helps guests to search, discover and book properties. The Guests from around the world utilize the Companyâs technology and services to search and book Vacasa-listed properties in the United States, Belize, Canada, Costa Rica, and Mexico. The Company provides home care solutions provided directly to homeowners such as home maintenance and improvement services, linen and towel supply programs, supplemental housekeeping services, and other related services. The Company also provides other offerings, such as real estate brokerage services and residential management services to community and homeowner associations.