Marriott said it lost $23 million in letting go of Sonder [Business Insider]
Airbnb, Inc. - Class A (ABNB)
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Source: Business Insider
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Marriott executives said the Sonder breakup cost it $23 million. This comprised termination of licensing expenses and impairment charges. Sonder, a short-term rental company, filed for bankruptcy in November. The Sonder fiasco cost Marriott millions. On a Tuesday earnings call, Marriott's outgoing finance chief, Leeny Oberg, said Marriott incurred a $23 million loss from terminating its contract with the luxury short-term rental company Sonder in November. A Tuesday earnings report said the $23 million in charges came from termination expenses and the write-down of Marriott's licensing agreement with Sonder. Oberg added that it was a one-time expense. There were no other mentions in the earnings call of any fallout Marriott experienced because of the termination. In November, Marriott made headlines for giving its guests staying at So
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ABNB
News
- Airbnb (NASDAQ:ABNB) was given a new $120.00 price target on by analysts at Morgan Stanley.MarketBeat
- Watch CNBC's full interview with Airbnb CEO Brian Chesky [CNBC]CNBC
- Airbnb CEO Brian Chesky: AI is ‘the best thing that ever happened' to the company [CNBC]CNBC
- Airbnb (NASDAQ:ABNB) was given a new $121.00 price target on by analysts at Cantor Fitzgerald.MarketBeat
- Airbnb (NASDAQ:ABNB) had its "neutral" rating reaffirmed by analysts at Wedbush. They now have a $130.00 price target on the stock.MarketBeat
ABNB
Earnings
- 2/12/26 - Miss
ABNB
Sec Filings
- 2/13/26 - Form 144
- 2/13/26 - Form 144
- 2/13/26 - Form S-8
- ABNB's page on the SEC website