Nick Jones

- **Sonder** has partnered with **TreviPay** to introduce **Sonder Billing**, a new net terms program designed for corporate travelers.  **[1819395_3f2519d150ff4b42805379092e63917b_0]** 
- This program provides corporate travelers with **30-day net terms**, consolidated, **VAT-compliant invoicing**, and simplified payments for hotel services.  **[1819395_3f2519d150ff4b42805379092e63917b_0]** 
- **Sonder Billing** is initially launching in the **UK, US, and Canada**, with plans for future expansion into additional geographies.  **[1819395_3f2519d150ff4b42805379092e63917b_0]** 
- The initiative aims to capitalize on the growing global business travel market, which is projected to exceed **$2 trillion by 2029**.  **[1819395_3f2519d150ff4b42805379092e63917b_0]** 
- The partnership is expected to help Sonder drive loyalty, attract corporate customers, and generate more revenue by offering invoicing and net terms, which are preferred by **78% of global B2B buyers**.  **[1819395_3f2519d150ff4b42805379092e63917b_0]**

Sonder Launches Corporate Traveler Net Terms Program with TreviPay

- Sonder Holdings Inc. reported **revenue of $147.1 million** for the second quarter of 2025, an **11% decrease** year-over-year, and a **net loss of $44.5 million**.  **[1819395_0001819395-25-000132_q22025earningsrelease.htm:0]** 
- Despite the revenue decline, the company's **Adjusted EBITDA improved by 83%** year-over-year to **$(2.6) million**, and **Cash Used In Operating Activities improved by 40%** to **$19.6 million** for Q2 2025.  **[1819395_0001819395-25-000132_q22025earningsrelease.htm:0]** 
- Operational metrics showed improvement with **RevPAR increasing 13% to $184** and **Occupancy Rate rising six percentage points to 86%** year-over-year, although **Bookable Nights decreased 21%** due to the Portfolio Optimization Program.  **[1819395_0001819395-25-000132_q22025earningsrelease.htm:0]** 
- The company completed the full integration of its strategic licensing agreement with Marriott International in the second quarter of 2025, making all Sonder properties available on Marriott's digital channels.  **[1819395_0001819395-25-000132_q22025earningsrelease.htm:0]**

Sonder Holdings (SOND)