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
This information prepared by ClickTrades.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.
This information is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of ClickTrades.com.
Previous Article
Bayer impressed with its quarterly results
Next Article
A new COVID-19 vaccine could hit the markets