Airbnb triples its revenues in Q2

By: Miguel A. Rodriguez

17:46, 13 August 2021

The San Francisco-based home rental platform beat Wall Street expectations for revenue and bookings in Q2 2021

Airbnb reported revenues of $1.34 billion, topping the $1.26 billion forecasted, up almost 300% year-over-year. The company reported 83.1 million nights and experiences booked, marking a 29% increase from Q1 and a 197% increase year-over-year.

Sales and marketing expenses for the second quarter were up 175% compared to last year’s figures, reaching $315 million. According to Airbnb, the rise was due to “Made Possible by Hosts” campaign.

Gross booking value, the company’s way of tracking host earnings, service fees, cleaning fees and taxes, was up 320% to $13.4 billion, single-handedly beating the $11.56 billion consensus.

For the future, Airbnb warned about the volatility caused by the COVID-19 Delta variant. Although it expects Q3 to deliver the strongest quarterly revenue on record, the third quarter nights and experiences booked could be below what it reported in Q2 and Q3 2019.  

Dave Stephenson, Airbnb CFO, stated: “As we exit Q2 and come into Q3, we have a combination of fewer bookings for the fall, just given the nature of some of the seasonality, and any kind of impact potentially on Covid concerns.”

Since the last earnings report on May 13, Airbnb stock price has risen 9.1%.



Share this article

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.