Financials

Estimates*

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Revenues, earnings & profits over time
USD2019202020212022202320242025
Revenues143m116m-461m609m763m859m
% growth91 %(19 %)--32 %25 %13 %
EBITDA(166m)(227m)(7.2m)(91.5m)(181m)(85.0m)(39.4m)
% EBITDA margin(116 %)(196 %)-(20 %)(30 %)(11 %)(5 %)
Profit(178m)(250m)(10.6m)(166m)(255m)(154m)(100m)
% profit margin(125 %)(216 %)-(36 %)(42 %)(20 %)(12 %)
EV / revenue---0.5x0.1x0.1x0.1x
EV / EBITDA---97.7x-2.7x-0.4x-0.9x-1.9x
R&D budget15.7m17.6m19.1m28.9m---
R&D % of revenue11 %15 %-6 %---

Source: Dealroom estimates

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Recent News about Sonder

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More about Sonder
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Sonder is a hospitality startup that operates in the short-term rental market, offering a modern, mobile-first service. It provides a unique blend of hotel-like amenities with the comfort and convenience of a home, serving a broad range of clients from business travelers to vacationers. Sonder's properties range from single rooms to lofts, available for short or long stays.

The company operates on a business model similar to Airbnb, but with a twist. Instead of relying on individual homeowners, Sonder leases and manages its own properties. This allows the company to maintain a consistent standard of quality across all its locations.

Sonder's revenue comes from the rental fees it charges its guests. The company uses a mobile app to streamline the booking and check-in process, and to offer additional services like late checkout or fresh towels. This mobile-first approach helps Sonder to differentiate itself in a crowded market.

The company also focuses on integrating its properties into their local neighborhoods, offering curated guides to local attractions and highlighting the unique architectural and cultural features of each location. This approach helps to create a more immersive and authentic experience for guests.

In summary, Sonder is a hospitality startup that combines the best features of hotels and home rentals, offering a modern, mobile-first service in unique, culturally rich properties.

Keywords: Hospitality, Short-term Rentals, Mobile-first Service, Consistent Quality, Rental Fees, Curated Local Guides, Unique Properties, Business Travelers, Vacationers, Long-term Stays.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Sonder

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