11/4/2021, 9:13 PM (Source: TeleTrader)
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Chart for: Airbnb Inc

Airbnb posts revenue of $2.24 billion in Q3, beating estimates

Airbnb Inc. announced its third-quarter revenue reached $2.24 billion, 67% higher compared to the same period in 2020 and ahead of expectations. Net income stood at $834 million, soaring 280% on a yearly basis. Earnings per share (EPS) were reported at $1.22, unchanged year-on-year.

"We are incredibly proud of our best quarter on record. Our Q3 2021 results illustrate that travel continues to recover from COVID-19, but is coming back differently, and that Airbnb is uniquely positioned for this travel revolution. We are encouraged to see these new travel trends extending beyond summer travel peak," the report stated. "As of the end of September, our backlog had over 40% more nights booked for Thanksgiving week in the US than at the same time in 2019. And we are seeing the strong demand for travel extend well into 2022."

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