Mixed bag of results for Airbnb

Airbnb was evasive regarding the results it expects in Q2

Airbnb revealed that in the past quarter, its revenue increased 5%, reaching $886.9 million. The result came in higher than the $714.4 million touted. At the same time, it had a loss per share of $1.95.

The business appears to recover as vaccines became available and countries started to ease restrictions. In the first quarter of 2021, Airbnb reported 64.4 million nights and experienced booked, 13% higher than what it reported during the same time last year. At the same time, gross booking value (host earnings, service fees, cleanings fees and taxes) totaled $10.3 billion, up 52% year-over-year.

For the future, Airbnb’s representatives didn’t offer a targeted outlook. In the second quarter, it expects its revenue to be significantly higher than what it reported in Q2 2020. It added that it’s too soon to say if the recovery in the first six months of the year will keep the same pace in the second half.

Source: cnbc.com