secwatch.observer — SEC 8-K summary
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Issuer:     Vacasa, Inc. (—)
CIK:        0001874944
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001874944-24-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 2.05, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vacasa Q4 revenue falls 19% to $177M, net loss $77M; cuts 320 jobs (5% of workforce); COO to step down
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- Q4 2023 revenue of $177M (-19% YoY); Net loss $77M vs $302M loss in Q4 2022.
- Full year 2023 net loss $528M including $411M goodwill impairment; Adjusted EBITDA +$24M vs -$27M in 2022.
- Board approved workforce reduction of ~320 positions (5% of workforce); expects $4-5M severance costs in Q1/Q2 2024.
- COO John Banczak steps down March 31, 2024; will remain advisor through Sept 30, 2024.
- 2024 outlook: 'difficult start' with softening demand, supply increases, continued GBV per home challenges, H1 headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874944/000187494424000008/0001874944-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874944/000187494424000008/vcsa-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001874944-24-000008

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