The following is a summary of the Inspirato Incorporated (ISPO) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Inspirato reported a 20% year-over-year decrease in total revenue for Q2 2024, primarily due to lower subscription revenue.

• Second quarter pro forma liquidity, including cash, cash equivalents, and restricted cash, was $39 million, up from $33 million at the end of the first quarter.

• Adjusted EBITDA loss improved to $9.1 million in Q2 2024 from a loss of $11.7 million in Q2 2023.

Business Progress:

• Inspirato introduced a new offering, Inspirato by Invited, which combines a longer booking window and fixed nightly rates to attract longer-term commitments from members.

• The company has partnered with Capital One, intending to leverage this partnership to drive demand and increase brand recognition.

• Significant cost reductions, including a 15% headcount reduction and termination of underperforming leases, are estimated to save around $25 million annually.

Opportunities:

• New capital investments and strategic partnerships are expected to bolster Inspirato's liquidity and drive future growth.

Risks:

• A decline in membership and subscription base, coupled with the necessity for significant cost-cutting measures, highlight ongoing challenges in achieving profitability.

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