We finished the quarter with a strong cash position of close to $275 million, giving us the financial flexibility to continue investing in growth initiatives such as technology, product development, and additional build-out of our travel ecosystem.

Aug 18, 2022 / CFO / receipt, needs a key / Alberto Lopez-Gaffney, CFO | earnings call 2022-08-18 | transcript 4b4aa8b3-784d-4539-bd69-9108f5fb9e5c | chars 11595-11843 | segment 12

Most of the 37% year-on-year increase in our operating expenses was due to the 120% increase in sales and marketing spend. Specifically, the price promotions that we implemented, taking advantage of the spike in travel demand and helping drive gross bookings nearly 130% higher.

Aug 18, 2022 / CFO / receipt, needs a key / Alberto Lopez-Gaffney, CFO | earnings call 2022-08-18 | transcript 4b4aa8b3-784d-4539-bd69-9108f5fb9e5c | chars 10520-10798 | segment 10