Strong operational execution continues ahead of strategic combination with Buyerlink to form One Planet Platforms, a leading platform for building and operating online marketplaces, enhancing Inspirato’s luxury travel offerings and global reach
DENVER, August 12, 2025 – Inspirato Incorporated (“Inspirato” or the “Company”) (Nasdaq: ISPO), the premier luxury vacation club and property technology company, today reported results for the second quarter (“Q2 2025”) ended June 30, 2025. The Company also provided an update on its previously announced definitive agreement to combine with Buyerlink, a technology leader in operating online marketplaces and performance-based marketing.
Q2 2025 Highlights
- Net loss of $5.3 million and adjusted EBITDA of negative $0.3 million, representing an $8.8 million or 96% year-over-year adjusted EBITDA improvement
- Gross margin of $17.4 million, driven by portfolio optimization and a more efficient business model
- Cash operating expenses declined by $7.1 million or 27% year-over-year, reflecting a continued focus on operational improvements
- Occupancy of 59%, with average daily rates (“ADR”) increasing 24% to $1,670
- As of June 30, 2025, the Company reported over 11,000 active memberships, underscoring its focus on high-quality, recurring revenue
Management Commentary
Chairman and Chief Executive Officer Payam Zamani commented, “Our second quarter results reflect continued progress in our transformation, highlighted by an EBITDA improvement of $8.8 million year-over-year and achieving free cash flow breakeven,” said Chairman and Chief Executive Officer Payam Zamani. “We remain focused on executing our strategic initiatives - driving operational efficiency, elevating the brand, enhancing the member experience, and advancing our digital platform. These efforts are strengthening our foundation for long-term, profitable growth. In the quarter, we also announced our definitive agreement to combine with Buyerlink, which we believe will further accelerate our strategy by adding proven technology and expanding our reach in the global luxury travel market. Together, we will be building a more agile, digitally enabled Inspirato, positioned to deliver exceptional quality and value to our members.”
Strategic Update on Pending Combination with Buyerlink
On June 26, 2025, Inspirato announced that it had entered into a definitive agreement to combine with Buyerlink, a technology leader in operating online marketplaces and performance-based marketing, in an all-stock transaction structured as a reverse merger. The transaction values Buyerlink’s equity at approximately $326.3 million and is expected to close in the third quarter of 2025, subject to customary closing conditions, including regulatory approvals.
Upon closing, the combined company will be named One Planet Platforms and is expected to trade on Nasdaq under a new ticker symbol. The newly formed entity will operate as a diversified, technology-driven platform, building and operating online marketplaces across multiple verticals. Inspirato’s brand and travel offering are expected to benefit meaningfully from Buyerlink’s scalable infrastructure, AI efforts, and deep experience across performance-based marketing.
Until the transaction closes, Inspirato will continue operating as a standalone public company, focused on executing its strategic priorities, optimizing operations, and enhancing member value. Following the close, Inspirato's current shareholders, including those holding ISPO shares today, will own stock in the newly combined organization. The only change for investors will be the Company's ticker symbol, which will be updated to reflect the new corporate identity. Inspirato remains on track with its year-to-date progress toward its previously communicated full-year 2025 targets; however, Inspirato does not plan to update its standalone guidance going forward due to the pending transaction.
2025 Second Quarter Earnings Call and Webcast
Company Chairman and CEO Payam Zamani and CFO Michael Arthur will host a conference call on Wednesday, August 13, 2025, to discuss Inspirato's operating and financial results.
To listen to the audio webcast and Q&A, please visit the Inspirato Investor Relations website at investor.inspirato.com. An audio replay of the webcast will be available on the Inspirato Investor Relations website shortly after the call.
Conference Call and Webcast
Date/Time: Wednesday, August 13, 2025, at 11:00 AM ET / 9:00 AM MT
Dial-In: https://register-conf.media-server.com/register/BI2fb4b32d9e374ee68495a1a7a63ecc19
Webcast: https://edge.media-server.com/mmc/p/9pneynxr/