Airbnb Reveals Surge in Q3 Profit of 280% As International Travel Returns
Published
Nov 05 2021 at 8:38 AM GMT
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- Airbnb has reported profit growth of 280% in the third quarter of 2021, signaling the company's potential to bounce back to pre-COVID numbers due to the return of traveling.
- In after-hours trading, Airbnb found its shares rise briefly by 3%.The travel accommodation company reported that 79.7 million nights and experiences were booked in Q3, a slight fall from Q2 but still an increase of 29% from when COVID forced the travel industry into decline.
- This quarter saw Airbnb hit its highest-ever revenue and net income despite cross-border and urban travel not returning to pre-pandemic levels just yet.
- The REvenue was up 67% year over year at $2.24 billion USD and net income hitting 280% to $834 million USD on a year-over-year basis.
- Airbnb expects its revenue to hit between $1.39 billion to $1.
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- Published Nov 5, 2021 8:38 AM GMT