Vacasa, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 14, 2023 at 08:25 pm
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Vacasa, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 218.16 million compared to USD 192.1 million a year ago. Net loss was USD 301.97 million compared to USD 118.18 million a year ago. Basic loss per share from continuing operations was USD 0.7 compared to USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.7 compared to USD 0.06 a year ago.
For the full year, the company reported sales was USD 1,187.95 million compared to USD 889.06 million a year ago. Net loss was USD 332.15 million compared to USD 154.59 million a year ago. Basic loss per share from continuing operations was USD 0.8 compared to USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.8 compared to USD 0.06 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.
VACASA, INC. 
