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Airbnb quarterly revenue grows 70% amid travel recovery

By Shubhangi Mathur - May 04, 2022, 02:30 AM ET
Last Updated - Feb 26, 2024, 07:25 AM EST
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Airbnb reported 102.1 million nights and experiences booked in the first quarter, surpassing pre-pandemic levels and topping estimates of 100.87 million, according to StreetAccount.

Airbnb’s revenue rose 70% at $1.5 billion in the first quarter from a year earlier despite the ongoing pandemic, the war in Ukraine, and macroeconomic headwinds, the company said

Net loss of the company declined to $19 million from $1.2 billion the same quarter a year ago

Airbnb Inc (NASDAQ: ABNB) posted upbeat quarterly results on Tuesday due to recovery in travel as Covid-19 restrictions lift.

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Airbnb’s revenue rose 70% at $1.5 billion in the first quarter from a year earlier despite the ongoing pandemic, the war in Ukraine, and macroeconomic headwinds, the company said.

Net loss of the company declined to $19 million from $1.2 billion the same quarter a year ago.

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