Airbnb said Thursday that it made record revenues of $ 834 million in the third quarter as more people were vaccinated and returned to travel.
When the company closed its office in response to the COVID-19 pandemic, some employees were able to work remotely using video technology, and Airbnb said the result was a significant increase in rentals. I did.
A San Francisco-based home-sharing company said in a letter to shareholders that it believes the trend in work flexibility will accelerate. Big companies like Ford and Amazon have announced flexible work policies, and other companies expect to do the same, he said.
According to Airbnb, net income was nearly four times the $ 219 million in the year-ago quarter and nearly three times the $ 267 million reported in the third quarter of 2019.
Revenues were up 67% from a year ago and up 36% from the same quarter of 2019 to $ 2.24 billion. Analysts expect $ 2.06 billion, according to FactSet.
However, the cancellation remained higher than before the pandemic.
The third quarter is usually Airbnb’s best. It often loses money in other quarters.
Stays of 28 days or more continue to be the fastest growing category, according to Airbnb, accounting for 20% of nights booked in the last quarter, from 14% before the pandemic.
According to the company, bookings in North America increased by 10% and Latin America increased by 20% compared to the same period two years ago. Bookings across Europe, the Middle East and Asia have not yet recovered to 2019 levels, and businesses in the Asia Pacific region remained depressed due to slow recovery in international travel.
Airbnb reports $ 834 million in profits in 3Q as revenue surges | WGN Radio 720
Source link Airbnb reports $ 834 million in profits in 3Q as revenue surges | WGN Radio 720
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