Skift Take
Vacasa officials said they are focusing on execution and there are modest signs of progress. Still, no one said this would be easy.
Property manager Vacasa is seeing itself through some unfavorable market dynamics such as a revenue decline and homeowners expressing disappointment in their income, but is forecasting "slight" profitability on an adjusted EBITDA basis for full-year 2023 as it continues to cut costs and push for operational efficiencies.
There was good news and bad news in the 2023 forecast that the company published Tuesday as part of its second quarter financial results. Although it now expects a full-year, high-single digit revenue decli