Vacasa Inc (VCSA) Q2 2024 Earnings Call Highlights: Navigating Industry Challenges with ...

GuruFocus.com10-10

Gross Booking Value: $505 million, down 19% year over year. Nights Sold: 1.4 million, down 17% year over year. Gross Booking Value per Night Sold: $361, down 2% year over year. Average Gross Booking ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVacasa Inc (VCSA) Q2 2024 Earnings Call Highlights: Navigating Industry Challenges with ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-10 06:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/vacasa-inc-vcsa-q2-2024-220509956.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gross Booking Value: $505 million, down 19% year over year.\nNights Sold: 1.4 million, down 17% year over year.\nGross Booking Value per Night Sold: $361, down 2% year over year.\nAverage Gross Booking ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vacasa-inc-vcsa-q2-2024-220509956.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VCSA","symbol_name":"Vacasa Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/vacasa-inc-vcsa-q2-2024-220509956.html","article_id":"2474512786","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474512786","pubTimestamp":1728511509,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Gross Booking Value: $505 million, down 19% year over year.Nights Sold: 1.4 million, down 17% year over year.Gross Booking Value per Night Sold: $361, down 2% year over year.Average Gross Booking Value per Home: Declined nearly 13% year over year.Number of Homes on Platform: Approximately 40,000, down from 41,000 at the end of the first quarter.Revenue: $249 million, down 18% year over year.Cost of Revenue: 48% of revenue, compared to 47% in the same period last year.Operations and Support Expense: 23% of revenue, compared to 20% in the same period last year.Sales and Marketing Expense: Declined 26% year over year.General and Administrative Expenses: Increased by 16% year over year.Adjusted EBITDA: $2 million, compared to $16 million in the same period last year.Convertible Note Financing: $30 million initial investment by Davidson Kempner, with potential for an additional $45 million.GuruFocus has detected 5 Warning Signs with VCSA.Vacasa Inc  is experiencing a decline in gross bookin","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"VCSA":"Vacasa Inc."},"translate_title":"Vacasa Inc(VCSA)2024年第二季度收益看涨期权亮点：应对行业挑战……","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VCSA":1},"content_text":"Gross Booking Value: $505 million, down 19% year over year.\nNights Sold: 1.4 million, down 17% year over year.\nGross Booking Value per Night Sold: $361, down 2% year over year.\nAverage Gross Booking Value per Home: Declined nearly 13% year over year.\nNumber of Homes on Platform: Approximately 40,000, down from 41,000 at the end of the first quarter.\nRevenue: $249 million, down 18% year over year.\nCost of Revenue: 48% of revenue, compared to 47% in the same period last year.\nOperations and Support Expense: 23% of revenue, compared to 20% in the same period last year.\nSales and Marketing Expense: Declined 26% year over year.\nTechnology and Development Expense: Declined 5% year over year.\nGeneral and Administrative Expenses: Increased by 16% year over year.\nAdjusted EBITDA: $2 million, compared to $16 million in the same period last year.\nConvertible Note Financing: $30 million initial investment by Davidson Kempner, with potential for an additional $45 million.\n\n\nWarning! GuruFocus has detected 5 Warning Signs with VCSA.\n\nRelease Date: August 08, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nVacasa Inc (NASDAQ:VCSA) is empowering local teams by giving them more decision-making authority, which is expected to improve guest and homeowner experiences.\nThe company is reorganizing operations into locally focused regions, providing more autonomy and accountability to field teams.\nVacasa Inc (NASDAQ:VCSA) is focusing on home quality over quantity, which is a key part of their transformation strategy.\nThe company has announced a $30 million investment by Davidson Kempner, which will help strengthen its balance sheet.\nVacasa Inc (NASDAQ:VCSA) is developing and deploying technology tools to improve experiences for owners, guests, and team members.\n\n Negative Points \n\nVacasa Inc (NASDAQ:VCSA) is experiencing a decline in gross booking value, which was down 19% year over year.\nThe company is facing challenges due to softening demand for domestic nonurban vacation rentals and increased supply of short-term rental units.\nThere is ongoing bookings variability, and the company does not see signs of stabilization in the near term.\nVacasa Inc (NASDAQ:VCSA) continues to experience elevated churn, with owner concerns about rates and resulting income being a leading cause.\nRevenue for the second quarter was down 18% year over year, reflecting the ongoing industry headwinds.\n\n Q & A Highlights \nQ: You mentioned the focus on quality versus the number of homes. Is that the driver of the improved take rate year over year? A: Bruce Schuman, CFO: Home quality is a top focus for us and a key part of our transformation. There's no specific disclosure on take rates, but home quality remains a critical priority.\nQ: Can you discuss churn versus the increased supply in the market and provide insights on gross adds during the quarter? A: Robert Greyber, CEO: Churn dynamics remain consistent, driven by rates, revenue, and communication with owners. We're focused on delivering revenue premiums and improving communication. Elevated churn persists, but we're aligning sales with field teams to address this.\nQ: Why did you decide on the recent financing, and how does it affect your liquidity position? A: Bruce Schuman, CFO: The investment from Davidson Kempner strengthens our balance sheet amid a challenging industry environment. They've been engaged with us, and this partnership supports our transformation plan.\nQ: How are you managing homeowner earnings expectations and optimizing pricing and occupancy? A: Robert Greyber, CEO: We're focused on communicating market dynamics and delivering revenue premiums. We've improved collaboration between local teams and revenue management to address concerns and enhance decision-making.\nQ: Can you elaborate on the impact of the transformation plan on local teams and market-level plans? A: Robert Greyber, CEO: We're empowering local teams with more decision-making authority and aligning incentive plans to focus on regional performance. This approach aims to improve guest satisfaction and business outcomes.\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474512786"}