Article Hero

Airbnb’s quarterly figures have been impacted by the pandemic

1620998758.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
14 maggio 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.”

Source: cnbc.com, Nasdaq.com

disclaimers_articles

article_share_title

article_rating_title

awful
ok
great
awesome

read_more

Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel ha lavorato per importanti istituzioni finanziarie, come Banco Santander e Banco Central-Hispano. È autore di libri sul trading di valuta con diverse pubblicazioni alle spalle.