Airbnb’s quarterly figures have been impacted by the pandemic

By: Miguel A. Rodriguez

16:49, 14 May 2021

The online marketplace for lodging and tourism activities reported first-quarter 2021 figures that showed the pandemic’s impact on the business

Airbnb revealed that its revenue increased 5% during the quarter to $886.9 million. The results topped the $714.4 million expected by the market. According to Airbnb, the rapid pace of vaccinations and lifted restrictions led to more travel. At the same time, the company had a loss per share of $1.95.

Airbnb announced that it had 64.4 million nights and experiences booked, up 13% year-over-year, topping the analysts’ expectations of 62.5 million nights and experiences booked.

Airbnb’s net loss tripled as it repaid debt for loans taken during the early stage of the pandemic, and it continued to pay restructuring fees following layoffs.

In a letter addressed to shareholders, Airbnb stated the following: “We expect revenue in Q2 2021 to be significantly higher than that of Q2 2020, given the impact of Covid- 19 on the prior-year period, and to be at a similar level to that of Q2 2019. […] In Q2 2021, we expect the positive momentum of recovery experienced in Q1 2021 to be partially offset by the continued uncertainty of travel restrictions and lockdowns in EMEA.”


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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.